Poll a majority of americans are feeling good about 2014 but what economic threats are on the horizon for the new year . Lets bring in todays panel. Pete hegseth concerned veterans of america and fox news contributor, jack hough from barons and simon constable from the wall street journal. Pete start with you, was this a good year for your family . 67 said yes and highest number going back since 2009. It is good to hear. But surprising as supposed recovery has not hit middle america. Interest rates have to go up at some point. The economy is addicted to them. Debt ceiling fight in march. Where will that go with emboldened conference. Adam i tell you where it will go . Jack we have the debt ceiling problem in march. Oil will go up eventually in price. Could it happen before march . Oil could go back up. I dont think it will go anywhere near where its with. This many looking fed rate hike will be less of a exciting event than investors think. Adam could be a minimal hike even if they do
Denied because of heavy air traffic. So mark, the plane has been found. But it will be sometime before we know what caused the crash. Reporter that is true. Of course, michelle, weather has been looked at as a major factor but there are others. Investigators will also look at whether the plane was going too slowly, had some sort of mechanical failure and how the pilots may have reacted to an emergency on board. In the newsroom, mark kelly, kpix 5. New this morning, theres another ship in trouble off the coast of greece. Its a cargo ship this time believed to have hundreds of people on board though. Put out a distress call today in bad weather. Rescue crews are on the way to help. Two new deaths reported this morning regarding a ferry fire. Two sailors on an albanian tugboat were killed while securing the ferry that burned. 10 deaths were reported of ferry passengers. 427 others rescued many by helicopter. Rescuers still searching for more possible victims right now. A man is dead and a
Wrapping up within about a half hour. Might find a little frost on your car this morning. You need a garage. [ laughter ] needs a credit card. [ laughter ] well, we kick it off at 4 31 on a serious note. Wreckage of the missing air asia plane has finally been found. Mark albert reports debris and bodies in the java sea are from flight 8501. Reporter crews searching were lowered into the waters off Borneo Island as relatives of the missing watched in disbelief. Teams recovered red, white and black objects floating in the area along with debris from the plane, search teams say. The several countries resumed the aerial search. Australia has sent two planes to an area width of the island of kalamantan as requested by the indonesian authorities. Reporter the u. S. Is part of the effort. The uss sampson is joining a growing number of ships, planes and helicopters involved in the mission which has been expanded to cover land. The missing plane with 162 people on board left indonesia sunday mo
Will have that freeze watch in effect for your thursday morning with temperatures bottoming out new years eve. 25 degrees in the coldest locations, around 40, 45 degrees around the bay. So that is cold. Frank, what are you trying to show me there . Im downloading the app as we speak. I said do you have the app . I dont. But he will in a few seconds. Putting in a password now. Lets get to traffic. We started seeing slowing on the bay bridge. We are trying to figure out y i think they are clearing the overnight roadwork right now. There was some roadwork from Center Anchorage to about the harrison street offramp. They had various lanes blocked, three lanes blocked at one point. It was scheduled to wrap up at 5 00 so we are seeing slow traffic getting into San Francisco. They may be clearing roadwork. In the meantime, at the bay bridge toll plaza, all clear no delays there. Its not until you reach the tunnel we start to see brake lights and there is a high wind advisory still in effect th
At traffic. Good morning. Good morning everybody. On the big board Storm Tracker 6 live double scan picking up for the second straight morning a little scattered sprinkle or shower down south and its older this morning so p in some cases this is changing over the a couple light snowflakes. Not expecting this to do too much for you. Well be in and out some of the sprinkles. Theres a fair amount of cloud cover although clouds will break at times today and i think were in for a mix of clouds and sun. It is colder start out. Temperature right now in philadelphia of just 34 degrees. Yesterday of course we were in the low 40s at this time. Were at 30 in allentown. 27 in reading, 35 in millville and 37 in sea isle city. And as we go through the day it is going stay on the colder side. Yesterday we were in the 40s from start to finish today in the 30s. 34 degrees right now. Probably about the same by 8 oclock. 36 by noon and that is your high at 3 oclock 39 degrees and then were down to 36 deg