center in philadelphia, this is cbs3 eyewitness news . the philadelphia police department in mourning tonight. a young sergeant killed after a weekend crash. coworkers and neighbors trying to come to grips with the loss. the ten-year veteran of the force was killed when his truck hit a tree saturday night. i m natasha brown, thanks for joining us. officers say the speed was a factor in this crash but plenty of questions remain about what happened inside the truck in the moments leading up to the accident. steve patterson has the latest from the 39th police district. reporter: brothers and sisters in mourning. the district is crushed. blinking back tears, lieutenant jeff describe add deep sadness after losing a man the brightest and best. sergeant ali was knowledgeable shall, very friendly supervisor here, studying for lieutenant, bright future. reporter: sergeant raphael ali died shortly after midnight sunday morning. saturday night, investigators is stay ali was
from the cbs broadcast center in philadelphia, this is cbs3 eyewitness news . the philadelphia police department in mourning tonight. a young sergeant killed after a weekend crash. coworkers and neighbors trying to come to grips with the loss. the ten-year veteran of the force was killed when his truck hit a tree saturday night. i m natasha brown, thanks for joining us. officers say the speed was a factor in this crash but plenty of questions remain about what happened inside the truck in the moments leading up to the accident. steve patterson has the latest from the 39th police district. reporter: brothers and sisters in mourning. the district is crushed. blinking back tears, lieutenant jeff describe add deep sadness after losing a man the brightest and best. sergeant ali was knowledgeable shall, very friendly supervisor here, studying for lieutenant, bright future. reporter: sergeant raphael ali died shortly after midnight sunday morning. saturday night, invest
now is probably benefiting around $1,000 a year, and some very detailed microdata that i have seen on household spending patterns suggest there may be a link, as you would expect from reduce reduced amounts that people pay at the pump to overspending like eating out for restaurant meals and other things, but the aggregate data, you know, is not as strong spending is not as strong as it could be given the decline. and, of course on the other sigh we are it may be that it will take a while and it s something that will slowly strengthen over time if oil prices stay low. on the other side, of course, we have seen a marked decline in drilling, which is depressed investment spending, and, of course, very substantial layoffs in the energy sector. with respect to impact of oil prices on inflation and what would happen if they move up, the committee has generally tended to look through movements of oil prices, whether they were on the up side or on the down side, viewing it as a f
we re going to have much more of sara eisen s exclusive interview in just a few moments. in the meantime, a lot to look at as stocks hit new highs for the year, about 2% from all-time highs. bank earnings in focus. europe s mildly positive. core cpi up 2.2% year on year and jobless claims hit a new low going back to 1973. first up, wells fargo beating expectations with a first-quarter profit of 99 cents per share, revenues above consens consensus. they say while credit results remain solid, the oil and gas portfolio remains under significant stress due to low prices and excess leverage in the industry. and then b of a exceeded estimates with first-quarter results, put profits down 18% on a double-digit decline in trading revenue. not a repeat of the performance we got out of jpl. going over these quarters all morning, and i have kind of a very simple takeaway, which is that, wow, if these companies were to have a bunch of rate hikes, you know, they d make a fortune. and i
the fountain in italy and royal palace in the netherlands lit up in the colors of the belgium flag. hello again everyone. at least 34 killed and scores of people injured in the series of attacks in brussels. fit supportrom world leaders investigators go door to door hunting a terror suspect. we have light team coveragend we work the massive man hunt still going on at this you are hochlt j jsica is working the stepped up security here in the united states. ryan is working the heightened security at south florida airport but we begin with nicole who is live in the satellite center. nicole. brussels reeling from the attack that as you said have taken dozens of hives and left more than 200 people hurt. now authorities believe a tip from a cab driver. led them to focus on three men responsible. 7:59 i hear the first bomb and which was a big blast. hear the second, see the secondblast and then time for running. repoer: run they did. travelers in the brussels airport some j