In the wake of the tax bill, mostly passed, the dow and s p 500 are now rising. They had been wavering. The nasdaq falling as we see tech stocks under pressure but financials have been getting a list on perception the tax plan will be especially good for them. We have been watching upward momentum on the s p 500. If you look at the bloomberg, this is the ratio of the s p 500 to its 200 day moving average, trading well above that level. In terms of what percentage, by what percentage it is above the 200 day moving average, you can see by that metric, the s p is not necessarily stretched as folks figure out how much more the rally has to go. We have other related movers today. Fedex, speaking of taxes, this company says their profits will be higher than estimated as we see record holiday shipping. It is also potentially going to get more earnings as a result of tax cuts. Blackberry out with its numbers. Winning new customers from government and private firms. Their revenue coming in ahea
Right now at 10 00 we are following two tragic drownings in our area. The first just a few hours ago in bucks county. Police in hulmeville say family members found four year old nahir johnson at the bottom after pool at the neshaminy shore club. First responders got to the boy and got him to the hospital but he died a short time later. Police say the philadelphia boy was attending a Family Gathering at the neshaminy shore picnic grounds. Were following breaking news out of gloucester county, new jersey, thats where authorities tell us there has been another drowning. This one at the home in washington township. Initial reports say it is a man in his 70s. We have a fox 29 news crew on the scene there, we will be bringing you updates as soon as we get them. The family after man shot and killed by police are calling for justice tonight. The prosecutors say there wasnt enough evidence to charge two officers involved. Good evening, im joyce evans. Im dawn particular any. Today Community Act
Lets do a quick check of the markets. Minutes. Or almost 28 said here,bout the the dollar rallies, that is the only winner today as everyone sells off, including the topix. Here in the middle east, it is just under two hours away from the opening of the emirates market. Lets look a look at what they did yesterday. Dhabi, saudi arabia down a slightly off the back of the fed. Highest u. S. Dollar and potentially lower oil prices. Lets check in on the first word headlines from around the world. Shares in Chinese Tech Company meitu made a trading a 630expected to raise million. They plan to sell 574 million shares at 8. 5 hong kong apiece. s founder and chairman told bloomberg the company has aspirations and social media. Our focus now is to get more exposure and let people know about our brand. A tool forake meitu them, and then a social media app. The yahoo found extended trade after knocking another Security Breach. An unidentified thirdparty stole data from one billion users. Initial i
President ial race. Pointing to ans outcome few would have predicted. The independent centrist candidate is for the first time first time forecast to win round one. Until now the polls have put le pen in the lead. Conservative Party Candidate Francois Fillon is embroiled in a deepening financial scandal, placed third in the polls as he comes under fresh pressures to drop out of the race altogether. A string of closest advisers and backers have designed, took theg alain juppe helm. His campaign is run rather lay is unraveling. Becoming the latest to resign. But to 70 members of fillons Campaign Team threw in the towel. Urging him to withdraw his bits. On wednesday he received a court summons. His allegations he paid wife and children for fake parliamentary jobs. The former Prime Minister is still sitting tight. Seven days a week, 24 hours a day, the new scoop machine is always grinding. The rumor machine never sleeps. At i am telling you i have no intention of giving up. Hoping he has s
President ial race. Pointing to ans outcome few would have predicted. The independent centrist candidate is for the first time first time forecast to win round one. Until now the polls have put le pen in the lead. Conservative Party Candidate Francois Fillon is embroiled in a deepening financial scandal, placed third in the polls as he comes under fresh pressures to drop out of the race altogether. A string of closest advisers and backers have designed, took theg alain juppe helm. His campaign is run rather lay is unraveling. Becoming the latest to resign. But to 70 members of fillons Campaign Team threw in the towel. Urging him to withdraw his bits. On wednesday he received a court summons. His allegations he paid wife and children for fake parliamentary jobs. The former Prime Minister is still sitting tight. Seven days a week, 24 hours a day, the new scoop machine is always grinding. The rumor machine never sleeps. At i am telling you i have no intention of giving up. Hoping he has s