We await the word from the European Central bank tomorrow. Thats going to be very interesting. Yes, well get to more on that in a second. What all the Central Banks are up to. Oil rebounding but that didnt stop canada from cutting its key Interest Rate north of the border and they did that because of how the dramatic fall in oil prices is rippling through the nations economy. Well get into that a lot more with to do ameritrades ceo fred tomczyk is back with us. They had good looking earnings. They had record asset accumulation by their clients in the last quarter. What are they doing with that money, thats the question, what their clients are doing with that money. And this is not a technical glitch. Look at netflix, you talked about this last night. They had blowout earnings. It is up 17 , about a 60 gain after those earnings the explosive growth first reported on the closing bell yesterday. We will follow that stock into the close and at least one of our guests says you can still buy
I find it a bit surprising he digit contact me. Crude clings on to gains afteren erratic session yesterday. The top firm is cutting 7 of its work force. Bp shares in the green after a u. S. Judge rules its liable for spilling less oil in the gulf than alleged. Its maximum mine will be 4 billion lower. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Quickly going to bring you flashes firstly out of the iea whose report on the oil market has come out and said how low the markets fall will be is anybodys guess. Macroeconomic weakness continues to strain Global Oil Demand growth. Prices do not be seeming to stimulate demand just yet. Stocks are rising to their widest surplus versus the five year average since august 2010. Well bring you a discussion on oil in the next 20 minutes or so. One other flash in the last five minutes is the greek Government Bond yields have risen 40 basis points to 9. 5. The three year has risen 137 basis points to 1. 11. 7. Tw
Marketsen futures in the red. Fallout from the Swiss Central Bank move continues with sharp moves in the oil market. Earnings from Goldman Sachs, intel. Goldmans down 2 in premarket. Favorable and selective treatment in luxembourg. Eu lays out its case. Stocks in the midst of a fivesession losing streak. Markets continuing to absorb the surprise move by the Swiss Central Bank. Oil prices on the rise after iea slashes growth forecast for nonopec oil supply by 350,000 barrel as day, adding signs are mounting the tide will turn when it comes to price recovery. Jim, seems like currency brokers will get the lions share of the attention early on. Yeah fxcm the outfit everyones talking about, david, when i was getting made up, have you looks at fxcm i steal your thunder. Yes. You move fast in 25 minutes. When you tell me to look at something, i look at it. Downgraded to underperform. Capital raise critical for solvency. A major focus. What happened with fxcm, well get into it this hour goes o
Bucks, montgomery and Chester County back into the lehigh val al winter storm warning in the poconos where we are expected to see heavy wet snow more tomorrow night though versus tonight. Heres how it look. Were dry right now in philadelphia. But overnight, that rain spreads in. By 4 00 a. M. Theres in mix north and west. That should change over to all rain by the time we hit the drive at 7 00 a. M. Rain heavy at times especially along the coast to start off your morning. Of course, on the fox 29 morning news well have sue sr. Yo and bob kelly theyll get you through any of the Early Morning troubles. Overnight tonight, 35 degrees temperatures rising as the rain moves in after midnight. Well have much more on the whole day ahead what you can expect and when the noreaster finally moves out but it is going take at least a couple of days. Iain and lucy. Caitlin, thank you. Remember when you wake up turn on fox 29. Sue serio will be track the latest on the storm and bob kelly will have all
And heavy wet snow and its not going anywhere any time soon. Good evening, im lucy noland. Im iain page. Tomorrow morning will be a mess. Caitlin roth tracking when well see the worst of it. Caitlin. That probable system tomorrow morning just in time for the commute iain with the heavy rain and the wind really picking up much heres our noreaster showing its hand on radar right now. Getting more organized over the past couple of hours and starting to spread some showers into our southern counties namely the delmarva, southern delaware and even Cape May County, new jersey. Light rain moving from south to north and that will be the progression through the night. Its cold enough out there just north and west of philadelphia that this looks to start as icy mix at some point during the overnight. Winter weather advisories now extended southward to encompass bucks, montgomery and Chester County back into the lehigh val al winter storm warning in the poconos where we are expected to see heavy