Globis maritime soared, and global has climbed 450 . And this performance is even more peculiar, because the sector has been facing a nun of challenges as it deals with global overcapacity and sluggish trade. You may recall, the bankruptcy filing earlier this year of south koreas han engine shipping. So whats going on . Dominic chu takes a look at some theories and why investors need to proceed with caution. Reporter the stock market has been riding high since the election, and there have been a lot of bets placed on companies in industries that might benefit or be hurt by a trump administration. But the recent surge in small and microcaps shipping stocks have defied a lot of market logic. The question is, what is fueling this parabolic move and traders are offering a multitude of theories on why bulk cargo shippers could be seeing brighter days ahead. Could a Trump Presidency lead to a surge on spending on things like roads, bridges and other Infrastructure Projects if that were to ha
Of them tiny, micro caps, have been surging since last weeks president ial election. Just take a look at dry ships. The stock is up about 1,500 in the past week. Globis maritime soared, and global has climbed 450 . And this performance is even more peculiar, because the sector has been facing a nun of challenges as it deals with global overcapacity and sluggish trade. You may recall, the bankruptcy filing earlier this year of south koreas han engine shipping. So whats going on . Dominic chu takes a look at some theories and why investors need to proceed with caution. Reporter the stock market has been riding high since the election, and there have been a lot of bets placed on companies in industries that might benefit or be hurt by a trump administration. But the recent surge in small and microcaps shipping stocks have defied a lot of market logic. The question is, what is fueling this parabolic move and traders are offering a multitude of theories on why bulk cargo shippers could be s
Fatally struck a 49yearold male who works in a store across the street. Reporter the other officer fired back at guzman hitting him twice. It was too late for the neighboring deli worker who reportedly simply crossed the street with a warning about the troublemaker. Good guy. Never wanted no problems. Never having no trouble with nobody. Always giving you any, anything you need, he will help you out. Live now here in the bronx, we can only tell you about the victim in this case that he is said to be an immigrant from mali. Folks who though him in the neighborhood say he is one of the hardest working people they know. Police have not been able to contact his family so they are not releasing his identity. As for mr. Guzman, he is reportedly in stable condition. Charges against him are pending. We can tell you that he has had at least nine prior arrests, prison for a robbery. Again, charges against him this afternoon are pending. Were live in the bedford park section of the bronx. Im sand
Clear skies. 63 brookhaven. 65 east hampton. A good day today with a lot of sunshine. Very low humidity today, mid 80s to upper 80s. Weather then heather every 7 minutes. Mass transit. It is doing okay. Long island railroad, j ersey transit and metro north all checking in on or close to schedule, no major issues there. And heres is the 59th street bridge making your way across the span. You can see it looks okay, no major issues to report on the span at thisoi but we do have a problem on the bridge queens brown upper level right at the 21st street exit going into queens, this over high tractor trailer, it is on the zebra stripes. Once they try to remove it that is where the problems may come in. The disabled vehicle has been cleared away, alternate side of the Street Parking rules are in effect for today. Mass transit doing okay. You. 6 01. Onto the breaking news in the bronx. Police just gave us an update on a shootout inside a deli that left one man dead. The gunman shot by police af
72 degrees, partly cloudy to clear skies. A great day today with a little bit of a southwest wind going east. Up above i80, i 280, 64 monticello. Going to be a great day today. Sunshine, mid and upper 80s. A northerly to an east wind coming around to the south. Later on today well pick up thunderstorms tomorrow. Youre never more than 7 minutes away from weather and traffic. Reporter long island railroad, Jersey Transit and metro north all doing just fine, no major issues there. Three trains, l trains, m, all have track work until 5 00 a. M. If you are going onto the fdr drive both ways 60s and 70s, you have construction. A couple of lanes are closed down so you may experience delays but this should be cleared away by at least 5 00 on that. Could run late. You have construction here, George Washington bridge inbound lower level is closed down as a result. Outbound lower levels underneath the apartments have construction. A minor delay inbound. Lincoln, holland, they also have constructi