Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to...Asia Economyread more
Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has...Marketing.Media.Moneyread more
Stocks in Asia traded mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Susan Maklari, Credit Suisse homebuilder analyst, told CNBC on Wednesday that although Hurricane Irma has pulled homebuilder order growth down, the sector can expect to quickly make up losses. Building products, however, have a murkier future, she said.
Hurricane Irma was one of the most powerful storms to hit the U.S. in years. Irma not only left a path of devastation through the Caribbean and up the coast of Florida, but it was also the first Category 5 storm on the Saffir-Simpson Hurricane Scale to make landfall in Cuba since 1924.
Over the course of two weeks, hurricanes Harvey and Irma will have impacted at least 6 of the top 15 housing markets in the U.S. This, in turn, will affect the homebuilding and building product sectors.
"For the builders specifically, we expect that you will see some lower rates of order growth just because communities were closed," Maklari said on CNBC's "Power Lunch. "
Despite this, Maklari said, "We expect that the builders will largely make those up in the fourth quarter as well as into early 2018."
Building products hold a different, more unclear future, in Maklari's opinion. While Irma could potentially help the industry, we will not see effects for some time. She said:
"It does take about four to six months before we see that coming through in results, though. Homeowners certainly have to go through an insurance process and kind of get their arms around the damage, and so therefore we'll wait until next year to see how exactly it comes through. But something to note is that part of this is dependent on capacity — how much industry decides to bring on — and that will really kind of help in terms of volume versus price and how that all comes together next year."
Following the last six major storms to hit since 2004, the homebuilder stocks rose an average of 7.2 percent in the 18 months after, and the building products stocks were up an average 10.3 percent in the same time. Although effects may not be immediate, if trends continue, the sectors will eventually see gains.
— CNBC's Robert Ferris contributed to this story.