1. Hurricane Irma takes a toll: The massive, powerful storm started to make landfall in South Florida on Sunday morning. Economists expect Irma's affect on the Florida economy to be severe.
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| Where U.S. stocks are now | | | Dow | | Nasdaq | | S&P | | | | | | | YTD +10.30% | | YTD +18.15% | | YTD +9.94% | | | |
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| Key Stats | Latest | Today's Change | | | Oil | $47.56 | -1.55 / -3.16% | | | Gold | $1,351.00 | -3.00 / -0.22% | | | 10-yr | 2.06% | 0.00 / 0.00% | | | Euro | $1.20 | +0.00 / +0.10% | | | |
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| News: What you need to know about the markets | | | | | | | Hurricane Irma hits Florida; Apple's big event; Galaxy Note 8 hits stores | By Shannon Gupta
Sunday, September 10th, 8:10am | | | | 1. Hurricane Irma takes a toll: The massive, powerful storm started to make landfall in South Florida on Sunday morning. | | | | Economists expect Irma's affect on the Florida economy to be severe. | | | | The hurricane forced two of Florida's nuclear power plants to close last week and led to gas shortages at the pump. | | | | The shortages were caused by damage to oil refineries after Hurricane Harvey and the fact that Floridians were eagerly filling up their gas tanks to drive away from Irma. | | | | The storm also took a toll on the Caribbean's tourism industry, which made up about 15% of its total GDP last year. Popular cruise lines, including Carnival, Norwegian and Royal Caribbean, canceled trips ahead of Irma last week. | | | | 2. Apple's big event: The wait for the iPhone 8 could soon be over. | | | | Rumor has it, Apple will unveil new iPhones at its annual product event on Tuesday, including the iPhone 7S, iPhone 7S Plus and the iPhone 8. | | | | The iPhone 8 is Apple's anniversary edition, marking 10 years since the launch of the first iPhone. | | | | There's speculation that the anniversary edition will feature wireless charging, a virtual home button and a 5.8 inch display. It's also rumored to cost $1,200 -- twice the cost of an unlocked iPhone 7. | | | | 3. Samsung Galaxy Note 8 hits stores: Samsung is determined to shake last year's fiery Note 7 debacle with the new Galaxy Note 8. | | | | The smartphone is expected to hit stores on Friday and will cost $929.99. | | | | Although the Galaxy Note 8 will offer new camera and photo editing tools, Samsung is focusing on build quality rather than novelty with this model. | | | | It's part of Samsung's mission to regain customer trust after it was forced to pull the Galaxy Note 7 over reports it was catching fire. The recall cost the company more than $5 billion. | | | | 4. U.K. votes on key Brexit bill: On Monday, British Parliament is expected to vote on a measure that will make sure European laws don't apply to the United Kingdom once Brexit is completed. | | | | Prime Minister Theresa May is under tremendous pressure to get the withdrawal bill passed, but she'll face opposition from the Labour Party. | | | | There are concerns that the bill would lead to a power struggle, because it would require lawmakers to add laws to the U.K.'s statute book without the House of Commons' permission. | | | | | | | |
| | | | | | | Monday -- Brexit withdrawal vote | | | | Tuesday -- Apple event; OPEC oil report | | | | Thursday -- Bank of England rate decision | | | | Friday -- Samsung releases Galaxy Note 8 | | | | | | | |
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