Partly cloudy and tomorrow called looking at some scattered snow showers them and tomorrow, a general one 2 inches or most of us with a high tomorrow about 22 still below normal and have that really called a this is weekend with those details coming up in a few minutes. Fox 8 the official School Closing station with closings and delays onair, online. Fox 8 news is the only morning show that starts at 4 00 a. M. The biggest snowstorm and the th iteam found plow trucks in the problem that we expose last year andnd ed gallek reports why we see this again. Dennis mock check found that plows and the bronze instead of on the streets after what street afterward we covered last winter we do more digging. A reward we would find a bunch of plow trucks under repair and last year that we we exposed a chronic problemas with broken down city plow trucks this winter they have had very little snow plow and lots of equipment when we found drivers will be found. This comes after city leaders made a spla
You have to wonder, how did we get to this level . Most thought it would be impossible three months ago. One that so many said was an impossible. The secret . A singularly odd group of stocks in the dow jones averages that have one thing in common. Theyre the least expected winners imaginable hallelujah. Lets start with caterpillar. Over 16 year to date. We know it wont be pretty. House of pain caterpillars end markets are in gas. Earth moving, coal might know. I cant think of a worse group of customers. Plus, cat has a gigantic business in china and we know how weak china is, right . Latin america is a disaster. Quite a change from the old days. In short, caterpillar has been a great earner. Far worse than we would have thought four or five years ago. And this is a big but. Caterpillar stock already reflected a lot of the negatives coming into 2016. It was hard to come up with anything in december that made feel like the stock deserved to go higher. Worse, one month ago the company ap
Points and the s p, moving the monitor so i cant see it. Up threequarters of a point. And the nasdaq is lower by 31 points. Where are we headed to from here . Lets get to bob pisani on the floor of the new york stock exchange. Bob . Hello, michelle. Were flat because ibm has been a drag and tech has been a drag and the question is can we hit new highs and the key, remember, may be earnings. Markets have moved up. They have been a floor under the market and the market believes that, off the low and china hasnt gone away and its been a lot quieter. Earnings have been the big problem and the missing ingredient. Weve had four consecutive quarters of negative Earnings Growth right now and q2, the one that were in now that everyone is talking about, only down about 3 and its been stable in the last week or so. Not reducing the numbers anymore. We could go positive meaning that ends. Johnson johnson and Philip Morris raised their guidance on the weaker dollar helping how the. This week its go
The dax is up. Its up by about a quarter percentage point. If you want to check out crude oil prices today, yesterday giving back some ground. Relatively flat right now. Down by about 4 cents for wti. Dropping slightly this morning as major producers down play the chances of an output these at this weekends meeting. Separately, the International Energy Agency Cutting its estimates for Global Demand growth in 2016. And it is another busy day for Economic Data and earnings reports. Were going to have weekly jobless claim at 8 30 eastern time. Expect it to hold steady. Filings have been 300,000 for about 58 straight weeks now. Also at 8 30, were going to get the march Consumer Price index, headline cpi expected to tick up about 0. 2 following a decline in february. Now, atlanta fed president Dennis Lockhart is also speaking today. Were going to have to wait to see what hes got to say about all this. Also, for earnings, look for results from bank of america, blackrock, wells fargo, Delta A
Week low at this point. Up by about 1 . It looked like they were headed back to 50 and thats been given up over the last couple of weeks. We do have a special lineup of guests ready to tackle all things energy. Hess ceo john hess and christopher crane. Plus the president and chief operator officer of Royal Caribbean cruises. And then later, Southwest Airlines chairman and Ceo Gary Kelly. Theyre set to post Quarterly Results later this hour. Well talk to him about the results and what he sees ahead with the Energy Picture as well. Lets tell you about whats going on today. A couple of stories were watching this morning. Ecb meeting right now. Policy decision due around 7 45 eastern time. That will be followed up by a News Conference by president mario tr mario draghi. Economists say its likely the ecb will keep the door open for more monetary policy. Earnings once again the big focus is the market. Before the bell well be hearing from caterpillar, mcdonalds, dow chemical and many others.