Report jessica boyington. Well, vai, we are on the upswing just a little bit from this accident scene that happened a few hours ago. So this is mlk drive right in here. You can see they have reopened it and they are allowing vehicles to move through. So giving that situation now that it is back open, starting to see a little bit of relief. Earlier i was telling you to take your alternate kelly drive or schuylkill expressway and both of those were really backed up. As you can see now this is back open we will start to see some of that relief. Checking out drive times you can see eastbound now we are back down. We were over an hour earlier this morning, now at 25 minutes from the blue route to the vine street expressway. Pretty much a normal drive right now. A slow moving maintenance vehicle on 95 northbound with two left lanes blocked, so theres some congestion there. No congestion on 295 around this time right around 130 with a ramp closure from an earlier accident from 235 southbound,
Unchanged and signaled two rate hikes later on this year. Now, that looks like the fed seemingly has cold feet so what are you doing with your portfolio at this point . Guy . I think you stay with the cold market. I think gold is telling you everything you need to know over the last three weeks to the last month and a half where on every rally in the s p where gold should have sold off it has not and its gone higher. Look at the move today. Obviously hey lot has to do with the weaker dollar here. Again, you have central bank policies. Everybody is in this currency race to zero by definition that supports gold and i think gdx is the way to play it. The problem is they pushed out inflation. They pushed out theres no sign of inflation. I understand theres a host of reasons to buy gold. Inflation hasnt been the main reason to be buying gold at this point but if you see gdx it looks to me like its rolling over, and i dont think you can buy gld or gdx at this point. Actually in this case i t
Nasdaq is clearly a win wrer, up 10 . Mostly thanks to netflix and amazon, have more than doubled this year. Also, treasuries in the dollar and the green, and, of course, crude, well enough said about that one. It is a complete disaster. Down by 31 yeartodate. Thats in the books. Will we see a rally for stocks in 2016 . Dr. Jay, kick it off. Will we see a rally next year . Will it be a better year for stocks . I think it will be a better year for stocks next year. I dont think that American Companies are going to have the same head winds that they had this year in terms of fx or foreign exchange, and that definitely took a bite just as they were starting to make some nice inroads and recoveries of both revenue because the revenue numbers, mandy, have been pretty good, but, unfortunately, when you take into account the fx translation, well, then it erased a lot of the profit that they otherwise would have gleened. I dont knowing were going to see quite that same head wind this year. 201
Investors are here. First, we start with another fierce selloff, most concentrated in bigcap technolo technology. Check out shares of apple, in fact, having its worst day in two years closing below 94 a share, just a buck away from the flash crash lows and amazon feeling the pain, that stock falling 2. 5 though its rallying in the postmarket and take a look at netflix, a sevenmonth low for the stock so the question is the nasdaq going to make new lows . Are they ahead for tech, guy . Talking in terms of the s p. Ill answer your question. Last tuesday, the s p moved down to an 1812 rally and closed in the 1850s which set us up for a move in the s p back to 1920. Got close today actually. Got 1915, thereabouts, obviously reversed. Does it set us up for a more to new lows . 1780 is a level everybody talks about. 200day moving average. Big support line there. It feels given todays action were headed there. The tech, you can sum it in up two words basically today, ap e apples quarter which
Good morning. Im dara brown. Just a short time ago the National Hurricane center announced that arthur is now a hurricane. This years first. A larnl portion of North Carolinas coast is under a hurricane warning, and ar High Pressure is gaining power as it moves northward. This is what the storm looks like from the International Space station. An astronaut tweeted it looks mean. Tara is in the outer banks that could take the biggest hit. Good morning, sarah. Are people taking this threat seriously . They are taking it seriously. Yet, a lot of people not quite willing yet to give up on their Holiday Beach week. Here at killdevil hills were not under an evacuation order. A lot of joggers this morning. Two neighboring islands its a different story. One mandatory evacuation and one voluntary evacuation there. People are packing up their cars and hitting the road before things get really nasty. Now, right now, as i said, beautiful conditions. About 80 degrees out here, but it is sure going t