What's Happening Today:
- Following a mostly higher close in Asia and a positive tone set in the UK, the U.S. based futures are indicating a stronger open this morning. After a week of preparation and pre-event analysis of the impending storm that hit the Florida coastline, estimates have been reduced somewhat to account for the weekend system that impacted that state. As millions are still without power in the state of Florida, market participants will be eagerly awaiting any indication of the level of infrastructure damage and overall impact on several major industries in the area including finance, agriculture, and energy.
- As initial estimates of the storm recede to below $100 billion and the immediate threat from North Korea subsides, traders are seeing strength return to the U.S. dollar.
- We mark the anniversary of September 11th today. Thousands will gather in NYC, the Pentagon and Pennsylvania as the U.S. remembers those who have fallen during the terror attacks on that day.