Minutes. Lets get to developing news over blue route where an overturned tractor trailer is tying up traffic on 476, for the evening commute. Chopper three flying live over the scene in broomall, now truck flipped over on the northbound side of the highway , near the lima springfield exit just before noon time, crews as you can see still there trying to clean up that mess, and so, word to the wise avoid that part of the blue route heading out tonight. Day before fourth of july and the excitement is growing, Eyewitness News reports leash a nieves is live on the parkway where she spoke with people who cant wait for festivities to begin, alycia. Reporter well, jessica are right, some parts of the city some people have begun patriotic partying. Here on the parkway it has been more about preparation, anticipation. We met some people from philadelphia who are super excited, other people from around the country who just cant wait to pack this parkway tomorrow. Some have already begun the cele
Minutes. Lets get to developing news over blue route where an overturned tractor trailer is tying up traffic on 476, for the evening commute. Chopper three flying live over the scene in broomall, now truck flipped over on the northbound side of the highway , near the lima springfield exit just before noon time, crews as you can see still there trying to clean up that mess, and so, word to the wise avoid that part of the blue route heading out tonight. Day before fourth of july and the excitement is growing, Eyewitness News reports leash a nieves is live on the parkway where she spoke with people who cant wait for festivities to begin, alycia. Reporter well, jessica are right, some parts of the city some people have begun patriotic partying. Here on the parkway it has been more about preparation, anticipation. We met some people from philadelphia who are super excited, other people from around the country who just cant wait to pack this parkway tomorrow. Some have already begun the cele
Nasdaq declining. 26 . While the averages didnt do much, there was one recently red hot Smoking Group that really got knocked off its stride. The drug stocks going in today, the pharma complex was on fire levitating day after day, one of the strongest sectors in the market and then we get one darn tweet from the president that wrecks everything. Or does it . First, lets deal with the president ial tweet, and i quote, i am working on a new system where there will be competition in the drug industry. Pricing for the American People will come way down end quote. Not a lot of detail. Not a lot of specificity. You only have 140 characters with which to opine, but boy, oh boy, thats about the last thing you want to read if you own any drug stocks. So what do you do . Lets go mobile choice here. Do you a, panic and sell everything . B, wait to see what happens . Or c, buy the drug stocks you like because youre finally getting a bargain . The correct answer, drum roll, please. C. You buy. You
What has fueled this thing . We have a bunch of cattles. Lets start with the obvious, the darn thing wont go down. We had a ton of Federal Reserve officials talking about the need to raise rates. Be the market took it like a champ. The s p finishing up for the week. That was a signal. Signal that a rate hike can be handled without too much pain. The house of pain. Another possi of fed guns. Came back this week, and spoke incessantly about rate hikes. Now were rallying, and rallying hard. This market refused to go down on bad news. Something broader than fanning rallies or the minibull markets i talked about every night. Oils not finished going higher. I cant stress enough how important this is. We heard that oil was moving up because of a short squeeze that came out of the canadian wildfires. Production has been cut dramatically. Guess what . The oils back on line, and it didnt matter the price of crude is roaring back. This market has a hard time going down when oils up. The market se
Captioning sponsored by cbs this is the cbs evening news with scott pelley. Pelley good evening, the South African government announced plans today for a week of Memorial Services for Nelson Mandela, culminating with his funeral a week from sunday. President obama will lead a u. S. Delegation, expected to include a number of former president s, though it is not known which of the services he will attend. Mourners continued to gather today at mandelas home in johannesburg where he died last night and at his former home in soweto. Perhaps no one image summed up his legacy better than this. Blacks and whites signed by side honoring the father of a multiracial south africa, a man who became a worldwide symbol for racial equality. Debra patta is there. Dance today. From the sprawling township of soweto to the plush upmarket suburb of hall on the, it was precisely the kind of sendoff Nelson Mandela would have loved. Since his death was announced, South Africans from all over the country have