Were going to bring you the asian market close. Top headlines from pages around the world. Whats happening now and what to expect. The bottom line, were here to get you up to speed and fast and boy do we have a set upto tell but today. Absolutely right. Lets get straight down to it starting with a major Global Market selloff this morning. Chinese stocks plunging dropping so much that trading was halted. The shanghai composite down nearly 7 as we look at things. Shenzhen composite down. Weak manufacturing data showing china contracted for a fifth straight month in december. The rest of asia showing lots of red numbers as well. The nikkei opening with its biggest one day slide in three months. Check also the dollar yuan. China is setting its currency weaker. Its at the weakest level for years. Thats a big uhoh for markets around the world. It reflects that chinas market is slowing. The weak manufacturing report that you told us about. Obviously we have seen that when china devalues its c
Hour on usual. If you take transit in the area, expect to be late because of these workarounds. Back to you. Thank you. Our other top story is the weather yochl u see everybody bundled up there. Storm team 4 meteorologist chuck bell and tom kierein tracking the latest on what can be the coldest day since march, last march. Lets start things off with chuck bell. Hey, chuck. Yes, indeed. Coldest day and we actually had snow on that particular day. No real big snow in the forecast. The winter cold is here and the failure ares are going to continue particularly outdoor to the blue ridge. Its a bundle up kind of a day. The hash tag is layerup. Temperatures are in the 30s. Windchills, the real issues youll be dealing with are gusty winds. Back into the low to mid20s right now. Focus in on the next 24 hours. Only at 30 degrees at 7 00 tonight and into the teens and 20s by tomorrow morning. That will be a cold one for sure. Wakeup temperatures tomorrow morning, 16 in gaithersburg, 17 in freder
Today layerup. Windchills only in the teens to near 20 at 7 00 tonight with air temperatures down below freezing and starting off tomorrow morning even colder still. Downtown temperatures down to about 21 tomorrow morning, but widespread teens in the suburbs and kind of blustery weather around for the day. Well let you know how the windsoing to affect your commute coming up in a few more minutes. If youre heading out, youll need to layer up. Highs in the 30s. Commuter impacts in ten minutes and a look at the weekend at 5 21. Melissa mollet right now at first4 traffic. We still have this problem. All lanes blocked because of the water main break. Police directing traffic. Also getting reports between l street and 18th and 20th. We have lanes blocked because of a police investigation. We have that popping up as well. Inner loop and outer loop, no major problems. 95 at lorton road looking quite good. Northbound and southbound Prince Georges County also moving along quite nicely. When were
How long have we been working at bloomberg and never had a chance to sunset together . Since the reagan years. This is a first. We were talking about it yesterday. Im thrilled be sitting here with you. Were talking about cut rate cornerbacks, the football this weekend, a lot of people are the big spenders on these know, the it as you super bowl is coming to new jersey. It will be in the meadowlands. They will be freezing. We will be watching from the comfort of our homes. We will get back to that in a minute. T is time for the news the top business stories from around the world. Morgan stanley profit fell 70 due to costs of bank securities. And litigation. The bank achieved this gold on costcutting and reducing capital used by the tracing trading. Smog hit hazardous letters in chinas steel producing region. Pollution is 17 times the safe level recommended by the world health organization. The Chinese Government has asked local authorities to reduce illusion by up to 25 over the next th
The suspects tonight. Reporter im told that the two men knew each other. One is 17 years old the other a man in his 20s. Both of them shot right here in this parking lot as you said just feet away from several businesses and lots of shoppers. Guys were screaming, hollering like somebody was about to throw some punches or something. Reporter tax preparer devin knew there would be trouble but not like what happened next. I heard four shots. Reporter at this Shopping Center off mcdonald avenue. We saw a trail of evidence. The third piece of evidence another bullet casing. The fourth a white sneaker also believed to belong to one of the victims and the fifth a bullet hole in this suv. I got up and went, you know, locked my doors as best as i could. A big window isnt going to stop anything. Reporter indeed a frightening night for those doing business here. The hope is they capture the shooter. Because theres not an awful lot to go on. No suspect information, no word on a motive. You heard m