So were told. Snowmageddon snowpocalypse, whatever, a blizzard. If you havent heard by now its coming this way and it will affect tens of millions of people. We are live at major airports with thousands of flights already canceled at this hour. A state of emergency has been declared in new jersey in new york. I havent heard if connecticut has but they should. Connecticut they have shut down the major roads, major highway transportation starting at anywhere from 7 00 to 8 00 to 9 00 p. M. This is one of the biggest preemptive moves weve seen for a storm. Obviously if it doesnt pan out there will be a lot of guffawing. But you cant take too many precautions with the wind and the ice and the potential for power outages. We have the latest on where the storm is heading and how many feet of snow you may be waking up to tomorrow depending where you are. Thats right. Were measuring it in feet not in inches this time around. This one apparently is the real deal. So well keep you updated on all
Without raising taxes on the rich. Melissa the nations largest seaport complex at a near standstill for the eighth straight day. Drake christopher is going to join us with how this could impact your holiday season. Lori i was just kidding, actually. Bacon is kosher. I do not eat kosher. Melissa speaking of kosher lori rubbing elbows with the royals. Our next ambassador you are speechless. Melissa i do not know about that one. Time for stocks now as we do every 15 minutes. Nicole petallides is standing by. Nicole right now, we are seeing the Dow Jones Industrial average down just 12 points. So far, we are having a losing week on wall street. Lets see what happens at the end of the day. These moves are really fractional. The s p down a third of a percent. December, traditionally, is the best month for the s p 500 since 1950. We will see whether or not that seems to come to correlation. I want to take a look at some of the auto retailers. It turns out they are not doing so well with their
We will go to nicole petallides. Good morning. Nicole good morning. Lets take a look at what is going on here. Lets take a look at jardin restaurants. It turns out they are not meeting the analyst expectations. Lets take a look at the stock. It is near its lows of he day. Their earnings will miss the analyst estimates. Samestore sales dropping 3. 2 . As a result, sales have diminished. How about the major market averages . The dow is higher, but the s p and the nasdaq are lower. Dagen republicans finally pulling off their own plan to deal with the fiscal cliff. Connell the white house predictably saying, no deal. The parameters are there now. We can start to imagine what a deal may look like. I think that is right. They have been adamant in saying we want more revenue. They have kept the rates down. They have had spending cuts. I think they will find a deal just over a trillion in revenue. Dagen it is a turnaround for the republicans to say that we will raise revenue. How they get to i
A great indication of how the market is doing, the Broader Market and it hit a record alltime high today of 1741. That is great news up 42 this year, 2013. What a nice run for the s p 500. Many names within it outperforming the overall market. Right now the Dow Jones Industrials up 8 points. As i mentioned, names hitting record, also take a look at google which impress investors as it crossed the 1000 mark. It is pretty fun to watch across that level earlier this morning. Trading at an alltime high of 1007 and change. That is a great run therefore google which has had a wonderful run year to date. Overall the market is looking pretty good, other names that have been hitting some highs, chipotle Mexican Grill. Overall a winning day as we wrap it up. Next week the first of our jobs report. Now that the government is open again, we can get those pieces of information, key information. Back to you. Lori debuting 85 per share now over 1000. How times have changed. The s p 500 as we are repo
Electronic arts is dropping rice from its recently released madden video game. The ravens have announced they are planning to offer an exchange for ray rice jerseys and also, rices wife standing by her husband. She calls this a horrible nightmare and released a statement to defend him and attacking those who are going after him. Here is part of janay rices statement. To make us relive a moment in our lives that we regret every day is a horrible thing. To take something away from the man i love that he had worked for all his life to just gain ratings is horrific. This is our life. If your intentions were to hurt us, embarrass us, make us feel alone, take all happiness away, you have succeeded on so many levels. Nfl commissioner Roger Goodell did an interview with cbs this afternoon and said the nfl asked for the video and anything else that was pertinent to the rice incident, but was never granted that opportunity. Now, let me point out a couple of things here. When nfl teams go to and