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The Dow hit 27,000 points for the first time ever on Thursday, as stocks climb higher on hopes of an interest rate cut later this month.Federal Reserve Chairman Jerome Powell shored up rate cut hopes with his testimony before the Senate Banking Committee Thursday and House Financial Services Committee Wednesday.The Dow rose to a fresh all-time intraday high before pulling back slightly. It is up 0.4% or 111 points.The S&P 500 is up a modest 0.1%. 466

The Hurricane Center said there is a 100% chance of a tropical depression forming in the Gulf of Mexico. They say by Thursday night it's forecast to become a tropical storm and by Friday it could form into a hurricane.Tropical storm and storm surge watches have been issued for parts of Louisiana.The governor of Louisiana declared a state of emergency on Wednesday ahead of the storm. 397

The Democratic Party said on Friday it plans on holding the next Democratic debate on one night -- Tuesday, October 15 -- with as many as 12 candidates on one stage. In general, 10 candidates have been the max on one stage for nationally televised presidential debates. But party officials said on Friday that holding the debate on one night will maximize viewership. "Our goal has always been to expand viewership, and we also believe that one night worked well for this last debate," a party official said. In the September debate, 10 candidates qualified for the debate, which was held on one night. Those who have met the threshold for the next debate are: former Vice President Joe Biden, New Jersey Sen. Cory Booker, South Bend, Indiana, Mayor Pete Buttigieg, former Housing and Urban Development Secretary Julián Castro, Hawaii Rep. Tulsi Gabbard, California Sen. Kamala Harris, Minnesota Sen. Amy Klobuchar, former Texas Rep. Beto O'Rourke, Vermont Sen. Bernie Sanders, businessman Tom Steyer, Massachusetts Sen. Elizabeth Warren and businessman Andrew Yang.Although candidates still have another four days to qualify, it does not appear any other candidates will qualify. Also, whether all 12 candidates stay in the race until October 15 is unknown. Some candidates are already facing difficulties keeping their campaigns funded. One candidate who is already suggesting he is on the brink of dropping out is Booker. Booker's campaign manager, Addisu Demissie, sent a memo, which was published on Medium.com, that said the Booker campaign is in need of .7 million to continue operating.The reason is simple: it's expensive to run a national campaign. The goal for candidates like Booker is not just to win early primary states, but to continue a campaign past February. The Oct. 15 debate will be broadcast on CNN. 1836

The National Archives is apologizing for its decision to blur images of anti-Trump signs used as part of an exhibit on women's suffrage. The independent agency is charged with preserving government and historical records and said it has always done so “without alteration.” But the archives acknowledged in a statement Saturday making a mistake after 363

The Dow tumbled more than 950 points at one point on Monday and global stocks were in disarray after China escalated the trade war with the United States.The Dow finished down 767 points for the day. The Chinese government devalued the yuan to fall below its 7-to-1 ratio with the US dollar for the first time in a decade Monday. A weaker currency could soften the blow the United States has dealt China with its tariffs.The weak yuan ignited fear on Wall Street that a currency war has begun or that the United States would respond with even higher tariffs, prolonging the standoff with China and potentially weakening the global economy. Investors are particularly concerned that the Trump administration could try to devalue the dollar, sparking a currency war that could weaken Americans' purchasing power."Risks of Trump intervening in foreign exchange markets have increased with China letting the yuan go," wrote Viraj Patel, FX and global macro strategist at Arkera, 987