Saying if the infection rate in new york state remained low and statewide give or take, it is low, hovering around the 1 mark the schools could open. Governor cuomo previously said if it stayed below 5 they could open if it were to spike up to 9 they would then close down so this is in line with that, what the governor is saying today. The most important part of all of this is what the local jurisdictions decide to do, and the way it played out in new york is that the local superintendents of School Districts around the state submitted their plan by last friday. Now, some didnt get a plan in at all but most did, and most of those superintendents submitted a plan that had some blended approach, meaning that even if School Districts be open to in person learning, students would not be going backtoschool five days a week, in some districts they would, but in most they would not. It be one or two or three days a week, some rotating system that allows the schools to have a smaller presence
Grasso is back welcome, steve. Thanks for having me. Technology making a move higher thanks in part to the semis. First you have that semi upgrade from Goldman Sachs thats put a flame underneath the whole space. Theyre leading and also have the f. A. N. G. Stocks reporting. Thats what is driving the market action. Does it tell you something about the cyclical leaning. It tells you it gives you the impetus of, hey, what got us there . What is going to be the mainstay people like to keep riding the horse thats delivered the returns and that horse has been tech. Horses are scary. Lets drill down on the big stories were watching a meeting with chip executives will take place. Phil lebeau, a credit warning or boeing and bob pisani are looking at the other moves and seema mody looking at the impact on oil and iran. Ylan, lets start with you. Its expected to get under way in a half hour several of the executives are already here my colleague Kayla Tausche and i have confirmed some companies a
Went out around 1 00 sunday afternoon after a fire damaged the main substation powering the airport and its back up. The cause is under investigation. Power slowly came on terminal by terminal over the course of 11 hours to the cheers of wary passengers. More than 1300 flights were canceled or delays with more back ups expected to ripple into today. Dan has more. Reporter a massive power outage at the Busiest Airport. We are waiting to see whats going on and what to do next. Reporter all flights halted. Arriving planes held at port of departure. Arriving passengers were stuck on the tarmac. Others said finding flight information was a struggle. We havent gotten an email or text. I am surprised at that. The airline get a different flight. The system is down. This is a mess. Reporter the power outage came at the start of a busy travel season. U. S. Air carriers are expected to fly 51 million passengers between december 15 and january 4th. Sundays canceled and delayed flights may have dam
Welcome to power lunch, im contessa brewer. Another strong day for stocks as all three indices look for a winding streak the dow is up about 143 points, a slight pullback from where we were a half hour ago both the s p and nasdaq are on pace in more than six years and both indices up 5 health care the best performing sector today johnson johnson, pfizer, eli lilly among the big gainers. A couple beatendown names moving higher, ge back above 15 a share despite being hit with a shareholder lawsuit and snap is now up 50 so far in february. Three hours left in what has been a huge week for stocks. Bertha coombs is at the New York Stock Exchange bertha it has been quite a big week. Its been two weeks since we had that downturn starts and after consuming a lot of rocky road ice cream, today it feels like vanilla. If you look at the major averages in terms of where they are from their highs back at the end of january, the nasdaq here within 3 of its all time high in january as weve seen a big
Lower because inflation Interest Rates are heading higher, there is a surprise in the numbers today. Retail sales actually fell in january no explanation, but a surprise. So this is where we stand after three days of gains, stocks down this wednesday morning. Throughout the show we will ask now what . We also have good news, more good news from olympics american team, the old half pipe star has returned, Varney Company about to the guys been around a long time. The latest medal count, germany has the most gold so far. The netherlands leads overall. The u. S. Is days. On a personal note, this medals count for countries. I prefer to celebrate extraordinary individual performance. Everyone should win one. Youre putting the metal cow. Stuart i admire your attempt at humor here. Ashley its about winners. Im for america winning the most gold. Believe me. Future is down because inflation is that. Down 200 though. Catastrophic for the dow. Lees peek columnist and creature router to the hail. A