Capitol hill where Congress Just eight hours to pass a budget deal to keep the government funded. We are just hearing there may be some big complications. A live report from washington. But first, get a handle what happened, down on stocks. Nicole petallides standings by on the floor of the New York Stock Exchange. And nicole, we really saw the selling accelerate here into the close. Tell us about it. Absolutely. What weve seen last five days, more than 500 point swings. We come in today with second biggestpoint move ever in history. Down over 1,000 points. Today alone, down 4 , 4. 15 on thedown, Dow Jones Industrial average with more than half the names on Dow Jones Industrial average hit being correction mode, off more than 10 for their highs. Dow jones industrial average closed on january 26th at the awe time high of 26,616. A correction mode as well. Bond yields are on the rise. Treasurys moving to fouryear peaks. That pressured stocks. Budget in place moving forward. That is spend
Schools in Monroe Township are closed for the rest of the week. That emergency meeting we mentioned starts tonight at 7 oclock at williamstown high school. Action news will bring you latest as it unfolds. A tragic crash this weekend took the life of four neighbors in gloucester township. Two other victims are hospitalized with serious injuries after the vehicles collided head on. Action News Reporter vernon odom is live now near the scene of the crash with some very latest details for us this afternoon. Vern. Reporter . Reporter good afternoon. Witnesses dont have any idea what happened nobody saw it. The results are very tragic. Police have not been able to determine exactly why it happened. Gloucester township Gloucester Township Police still trying to determine why the cars crashed head on into each other killing four including both drivers, two other passengers remain hospitalized tonight in critical condition. It was a headon collision. Im not able to row lease yet what vehicle cr
Right now. Welcome to power lunch. Im melissa lee. Stocks are trading in a very narrow range ahead of the fed. At the top of the next hour, the dow managing to hit another record intraday high. The nasdaq trying for its 11th gain in 12 sessions. Apple on pace for its Third Straight day of gains. It is up in the past weekment a number of big retailers also on the move walmart hitting another 52week high it is up more than 8 . Target, dollar general, the biggest winners in the s p right now. We begin this hour at the white house. Justin trudeau will arrive shortly for a meeting with President Trump. Trade, the topic eam eamon javers live. Reporter not a lot of the pomp and circumstance that you see with head of state meetings. We are waiting for Justin Trudeau to arrive any time now there has been a lot swirling around the bhit houwhite house s morning. The president woke up to an article in which thomas barrack, the real estate investor, criticized him saying the president is better tha
Getting Roger Goodell on board of getting him out and half a significantly below netflix. Dozen on defense but will it all be enough to off he needs to get a majority like set declines in most of disneys businesses, most especially media. Big Bio Tech Companies say it is a two third thirds to get behi if you start to build moment momentum, maybe people can get on board moving well have more on the exactly, here are the things breakthrough and what it means for the company. That gone wrong the last few months and why are we paying him and Roger Goodell on the hot a lot of money it is an extraordinary amount seat his job being challenged by one of money of the most powerful and important owners in the league, right i should be paying a lot of jerry jones and the cowboys. Money too because i have been responsible for the revenue well talk about that more on growth power lunch which starts right hes over seen a real expansion of media revenue for the league the criticism of mr. Roger now.
A springtime special power lunch begins right now. And welcome to power lunch. Sorry. Brian mentioned stocks hit record highs midday. We saw the nasdaq turn lower. Amazon, microsoft and google. The intradays are even more dramatic and a lot of volume at last check trading at the 125 of its average daily volume. Extraordinary volume for a friday afternoon. And as stocks rally the vix hitting a 24year low. Financials big movers. Among the leaders in the group bank of america, Morgan Stanley and regents financial. With us on set you saw his finger, lets show the whole person, the one and only guy adami. Josh brown was walking off set. He yelled my name, i looked over at him, im sorry. Lets first talk about the tech selloff. Start to roll over at 12 20. You pull up any intraday chart including it tesla, nvidia, amazon, apple, all of them rolled over. Nvidia sticks out to me. Its been on everybodys radar screen. At 1 00 it traded is 50 million shares. After making an alltime high the revers