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Senior Investment Strategist at Edward Jones here in new york. Were seeing a dent in risk appetite. The market is grappling with a variety of worries tensions in the Middle East, a Port Strike and election uncertainty. Do you expect to see volatility . Are there any opportunities . Yes, it is great to be here, and we are moving nicely thus far this year and we are moving nicely thus farthis year in and we are moving nicely thus far this year in the snp 500, up far this year in the snp 500, up nearly 20 . As you noted, youre heading into a choppy October Period and facing mounting walls of worry in the market, including the upcoming election on November The 5t ....
hello, i m abby phillip in washington. thank you for joining us today. it is the nightmare that just won t end. southwest airlines canceling thousands more flights with airports coast to coast already packed. more than 4,800 flights today and tomorrow no longer on the books, nearly 16,000 canceled since thursday. all week we have been meeting miserable passengers and southwest says it ll be days before this all clears up. busloads of stranded customers arriving at houston hobby airport this morning, some on the road for more than 24 hours and at chicago midway, this is the sea of luggage that is finally moving. workers are now scrambling to reunite passengers with their bags. we ll begin with cnn s nick valencia at hartsfield jackson international airport in atlanta. another major connecting point for southwest nick, what is happening there behind you? reporter: yeah, hey there, abby. the line here behind me is noticeably shorter than it has been the last several days ....
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38%. cnn economics and political commentator kathlyn rampell is joining us now. catherine, this drop is worse than that. what does that tell us? the numbers, the dropoff was much larger than expected but the direction is what people had forecast. as interest rates goes up, it gets much more expensive to borrow to buy a house, therefore, you saw the market cooling off this was a feature, not a buzz, the market. this is why you see home sales prices falling not quickly enough to get to the volume of sales that we have seen it s in past, but they are coming down. it s just gotten a lot more expensive to buy a home. this is actually the second lowest reading in about 20 years. i think a lot of people, every time you talk about home prices, ....