Powell's Speech Boosts Markets // Tim Cook Is $750 Million Richer // Tesla Providing Electricity in Texas? - 8/27 (Hour 1)

(0:29) - Investors have been awaiting Jay Powell's speech all week, and his comments today sparked a rally in markets. (13:19) - The Department of Education announced that it will be forgiving $1.1 billion worth of students loans of those who attended ITT Tech but left after March 2008 without earning a degree.(24:05) - Apple CEO Tim Cook received the final batch of his 2011 compensation agreement with his company, which was over 5 million shares of Apple stock valued at $750 million.(33:52) - Tesla has filed an application with the public utility commission in Texas to become an electricity provider in the state.