Makes a 180 degree turn throwing its support behind Embattled Senate candidate, roy moore. And a decision comes later today if russia will be at the winter olympics. The the big story on action news at noon, is breaking news. Michigan congressman, john conyers who is facing claims he sexually harassed employees, announced he is retiring immediately. At least six members of his staff has accused conyers of Sexual Harassment and improper behavior over the past weeks. He wants his son to have his seat. Well have more on this breaking news story tonight. And an explosive deadly wild fire in california. Growing to 40 square miles in just hours. Money crews went doortodoor at night to get residents out even as the blaze continued to spread. Here is the latest. Reporter rick, good afternoon. What you see behind me is just a glimpse of the damage crews are still working here but this fire is burning out of control. And due to the intensity of the fire and winds crews are having a hard time mak
Our road map begins with the global stock rally, rolling on dow 25,000 within striking distance that winter storm crippling the eastern u. S. Thousands of flights have been canceled and shares of macys are in focus, as the retailer announces some fresh store closures. We are close to a major milestone on the street. The dow is within 78 points of 25k. Thats a day after another recordsetting session for stocks this would be the fastest thousandpoint surge in history. We know about the law of large numbers, but were talking a little more than 30 days one day, its actually going to be in the front page. You know, look, other than the president s tweets about it, you really dont no ones really focused on this. Theyre more focused on bitcoin, tesla. This is remarkable last night i did a piece where i had to stick my hands into the cake because its not baked in so i think we blow through the number the only thing in my sights that may be negative is that we are going to get a trade decision
And it did so at a record pace. It is the latest show of strength that has taken that blue chip index up more than 25 over the past year. The economy is growing. The labor market is strengthening as evidenced by todays private payroll jobs report. Corpore profits are rising. And it didnt g we broke a very, very big barrier, 25,000. And there were those who say we wouldnt break 25,000 by the end of the eighth year. We did in fact break 25,000, very substantially break it, very easily. So i g new number is 30,000. But what it means is every time you see that number go up on wall street, it means jobs, it means success, it means 401 k s that are flourishing. The dow jones industriae adv 25,075. The nasdaq added 12. The s p 50 10. Bob pisani takes a look at the first big milestone of 2018. Reporter the dow hit 25,000. It hit 20,000 almost exactly a year ago. Many are amazed that the market keeps enhancing. Its not incomprehensible. China has had gdp growth at 6. 5 . The japanese market jus
That came to its rescue. Greek voters were unhappy with the year of job cuts and tightening that followed the bailout. The Prime Minister elect made it clear what his top priority would be. The verdict beat and beyond any doubt. The bailout agreements of austerity and disaster. It forced negotiators to the bailout. This makes no sense to me. Mattel says the chairman has resigned. Hillary clinton may begin her campaign for president in april. Her husband may be involved. Part of the strategy she has already approved a preliminary budget and several top level hires. It is never a good thing when forecasters are talking about a storm of historic proportions. That is what is supposed to hit and area from new york to boston. A blizzard may dump up to three feet of snow by tomorrow. Airlines have canceled flights. New york city officials are telling residents to stay home it to stay home today and tomorrow. Of more on the greek reelection and what they mean for the euro zone. Let me begin wi
Were talking about the potential for recordbreaking overnight lows and just when the temperature begins to rebound a bit, well be getting ready for another several inches of snow. Surprised night the big story on action news is nasty blast of bitter cold weather. Tonight temperatures could reach record lows talking about Single Digits wind chills in the negative numbers faen thats not enough keep shovels handy. Were watching a system that could bring some accumulating snow. There we go Team Coverage tonight. Action News Reporter sken live open the ben franklin parkway and we begin with meteorologist Melissa Magee with the latest on what what we can expect. Melissa. Walter, sarah its been brutal the second half of the weekend. Blustery winds and all of today making wind chills feel like subzero. Check out temperatures currently this hour most shots in low teen if not Single Digits below zero up in the poconos and 7 below zero in poconos. Current temperature allentown 3 5 reading and lan