better? bruce springstein with a cover of the grammy award winning song royals. last time he was there was back in 2003. lorde is from australia? or new zealand. is she new zealand? let s check in with rick now. i can t believe i m going to say this but she does a much better version. you and i had our mouths open. wow. had he ever heard the song? just clearing my throat. so la, got some rain. in fact some really incredible rain and it s great news. you have got four inches of rain and you think wow, i barely noticed that was the case. so this storm this week 4.35 inches of rain in la. all of 2013 they just had over
we have sioux falls with a bit of this energy. the biggest storm has been across southern california and an incredible storm for them. largest in years. over this week, 4.35 inches in downtown los angeles. much more in san gabriel. 3.6 inches. that gives you an idea of how big this was for them. almost 15 inches in a year. we need the rain. they need more as well. heavy rainfall into arizona as well. about an inch of rain. you see the snow from around kansas through parts of the valley. this area of pink that i am most concerned about. freezing rain and a warm batch moving through southern missouri. you see another batch later this evening. get ready. this ohio river valley with cincinnati and lexington. some of the areas see about a half inch of ice. that will be big problems.
but some worry a bubble may be forming, because economic growth is weak and unemployment is high. janet yellin is one step closer to becoming the first female head of the federal reserve. the senate banking committee voted thursday to move her nomination forward. it now goes to a full senate vote. if confirmed, yellin would replace ben bernanke in january. jpmorgan chase has agreed to landmark $13 billion settlement with the justice department. it s the government s biggest settlement with a single company. jpmorgan is accused of selling risky mortgage investments, but marketing them as safe. those investments later failed, and contributed to the 2008 financial crisis. mortgage rates took a big fall. 4.22%, down from 4.35%. things turned around this past week because of concerns about the weak economy. fredricka, that s a wrap of the week on wall street. all right. thanks so much, alison. if you ever doubted america could still be the land of
any time soon, but there are concerns this dow hot streak is about to end. at some point you need to get off this wave because this wave cannot last forever. no one can tell you whether it s within the next few months or years but at these levels of valuation, we think it s about time to take some money off the table and be more cautious. reporter: the october jobs report was surprisingly solid, 204,000 jobs added to payrolls last month, even with the government shutdown and while trader also likely whoop it up, the rest of us might keep the champagne corked. the problem? 97,000 of those jobs were for hourly workers in retail stores and hospitalily services and while home prices are still gaining, that steady rise has slowed as mortgage rates tick higher. the average 30-year loan carries a rate of 4.35%, the highest it s been in nearly two months, and may be enough to give some potential home buyers pause.
april. right. come on. exactly. you can be clear that there is a huge sensitivity to this issue because of the prostitution scandal in cartacarta. they re investigating very carefully, very sensitive about issues like this. we ll have to see what this investigation turns up. i m sure you ll stay on the story. thanks, joe johns, very much. this just in to cnn as well. mortgage rates are on the rise, maybe to their highest levels in two months. christine romans is in new york. i thought they were going the other way. they ve been falling a little bit. this most recent reading from freddie mac shows 3.35%. that s still historically low. the average since world war ii is like 6.5% so 4.35% is still pretty cheap money.