Meeting but it does seem hike this really is. He should have said really twice. Or at least three times maybe. This is it. Really really. This is like whackamole. Markets that go down they find a way and its a lot of times not what youre focussing on. Did you think once again well be 8 down . They have a plunge Protection Team like us but its not working at this point. Down 40 the market is over there in three weeks or four weeks. Still up 10 on the year. And 70 in the last 12 months. Its like the wild west. We shouldnt extrapolate everything over here from whats happening over there. But 180 points here or 8 there, maybe thats commensurate. Well wall street journal today, stocks plunged scarier than greece and thats written by the head of emerging markets and global macro at global stanley investment management. They make the point which is hotly debated in the market to what extent does the market crash in china have a Ripple Effect on the chinese economy and that has a Ripple Effect
Good morning, annemarie. Here on wall street it is shaping up to be another bruising day. U. S. Stock futures hit a sixmonth low this morning. Wall street had its worst performance in 18 months thursday driven in part by a dramatic drop in the chinese stockmarket. A report found chinas factory activity fell at its fastest pace in more than six years. After the devaluation of the chinese currency, there is worry that the slowdown in chinese economy could slow downworld economic growth. Thursday all indicators were down, more than 2 . The dow lost 358 points, the s p fell 43 points. The nasdaq dropped 141 points. Asian stockmarkets tumbled following wall streets selloff. The shanghai composite lost 4 . Meanwhile greece is apparently headed for another national election. After rebelling in Parliament Prime minister Alexis Tsipras said hes stepping down and calling for early elections. Tsipras said he got the best bailout possible from eurozone countries. If he gets approval, elections wil
She laughing. She knows i say in all good fun, right . Looking at storm scan, worse of any wet weather starting to retreat. Off shore from ocean, monmouth counties, finding heavier rain say along the garden state parkway, say around Cape May County for example, you got to clock, look at the last three hour loop here, real heavy thunderstorms cell, now well out to sea, fizzling as it goes, and what you are left with, here, few residual flood advisories, one pop up, the Pennypack Creek starting to come out of it banks here reaching flood stage. But should very quickly be receding now, really just because it is downstream from all of the rain that came in through the overnight. Meanwhile, you really just have the flood advisory because of the current rain situation, until 8 30 this morning, out through ocean, Monmouth County. Meanwhile we go further inland, berks county we go, to kutztown area middle school. You have the little fine fog set in, breaks in the clouds, continue to be the sto
A little bit of blue on the screen as we get through the Morning Hours and into the afternoon. Perhaps our Higher Elevations and the coast picking up on some of that drizzle all the the way through noontime and were partly cloudy for a second part of the day. Temperatures again will range from the low 60s at the coast, low 70s around the bay, upper 70s for our warmer locations. A detail for today and how long the pattern will be with us coming up in just a little bit. Lets check on those roadways. Sal, how you holding up . The roads are getting more crowded. We have a lot of stuff going on and one of the commutes, 680 southbound, you can see the traffic is backed up to highway 4 weve had the latest crash that happened a few minutes ago. And now we have another one in pleasant hill. That happened in the backup if youre driving from the bridge down to walnut creek, its going to be a tough one looking at highway 4, its kind of a typical thing from west part all the way over the hill if yo
Why, police are still investigating Stephen Paddock, why did he come into las vegas, stay at this hotel, he checked in with 10 10 rivals and opened rifles and opened fire on all of the people. Police are trying to figure out why he came here and committed deadliest mass shooting in United States history. They are estimating the injuries to be well each and every 400 and the deaths associated with the event over 50. Reporter the mass shooting took place sunday night at a concert on the Las Vegas Strip, its now the deadliest mass shooting in United States history. The shooter is Stephen Paddock described as a local resident. Its important to understand that this investigation is going to be long and contracted before we get to the bottom of it. Reporter police are working to identify a motive of why the man shot into a crowd of 30,000 people. Concert goers described a scene of chaos. People were laying on top of each other to get out of the way and the shots kept coming. Reporter jason a