The Dow Jones Industrial Average gained 0.25% on Wednesday, Sept. 6, the S&P 500 gained 0.31%, and the Nasdaq rose 0.28%, after Trump agreed to raise the debt limit through to Dec. 15, approving of a three-month extension deal offered by Senate Democratic Leader Chuck Schumer and House Minority Leader Nancy Pelosi. The proposed extension is tied to a Hurricane Harvey relief package.
European stocks traded higher on Thursday as investors bet that European Central Bank President Mario Draghi will flag the end of the bank's €2.3 trillion quantitative easing program later in the day in Frankfurt.
Miami Mayor Carlos Gimenez issued a mandatory evacuation order for residents in some coastal areas of Dade County, the metropolitan area of Miami, to move inland and ordered local schools closed for the remainder of the week. The evacuation order, which will take effect at 7 a.m. ET on Thursday, is the first since Hurricane Wilma in 2005 and is expected to affect around 150,000 people.
"Irma remains a strong Category 5 hurricane," Gimenez told reporters at a news conference. "Significant weakening is not expected."
"All residents are advised to remain calm and to stay tuned to radio and television broadcasts for further advisories," the mayor's evacuation order read. "Evacuees should move as soon as possible to the homes of friends or family who live outside of evacuation areas."
Meanwhile, TheStreet found that flights out of Miami were particularly high for Friday, Sept. 8, with Delta Air Lines Inc. (DAL) and American Airlines Group Inc. (AAL) selling flights that were almost twice as expensive as normal and that would take double the time. American Airlines had the most expensive flight, coming in at $1,242 on Google's flight function.
France's interior minister said that Hurricane Irma had killed at least eight people and left 23 injured on French Caribbean island territories that were battered by the storm.
The plan comes as Peltz seeks one seat on the company's board, in the largest boardroom battle at a U.S. company and one that is shaping up to be one of the most expensive in recent history. The boardroom battle is set for Oct. 10.
The activist investor, who owns about $3.5 billion in shares of Procter & Gamble, which makes Crest toothpaste, Tide laundry detergent and Pampers diapers, said he wants to eliminate what he sees as a "suffocating bureaucracy."