Dreary start this morning, the rain coming down in philadelphia, areas north and west now seeing that light rain and steady rain in delaware and south jersey. So stand by for a wet and windy day today. Look at the winds, 7 00, 20mileanhour winds with higher gusts, at 10 00, 55 degrees, the rain will be coming down. Strong gusts into the afternoon. During the afternoon thats when i believe the rain will turn heavier and potentially into the evening commute as well. The forecast neighborhood by neighborhood when i come back in 10 minutes. Jessica boyington right now with traffic. And bill, were seeing wet roadways around the new jersey, delaware and philadelphia areas, but all drive times and roadways pretty clear for right now. On 42 freeway around the new jersey turnpike, here is northbound headed to the philadelphia area or if you have to get to 295 youll be fine. You can see these drive times are okay. The rest of the area bridges are okay. Watch out on the ben franklin bridge, headi
Anna edwards is in westminster. She is out in the cold. This is the chancellors first autumn statement of the new government. What are looking for . , it it is dark and wintry must be time to hear from the government about spending plans. The key question today, is the government going to stick to the goal of a 10 billion pounds Budget Surplus by the end of the parliament, 2020. Illusions, thisll be a budget that is predominantly about austerity. Where will the acts fall axe fall . How much of a burden will be police force have to carry. We have heard about some of the areas they want to spend more in, defense, health. And as you said, we heard more about their plans for housing. For a looking for details backtrack around the tax credit story. It was on that subject, the government faced a defeat in the house of lords recently. Well have to see movement on that particular issue. This is a set piece from the chancellor. Expect metaphorical rabbits to be pulled from hats. Guy who will be
Chris, a lot of these shore communities trying to build up those dunes, trying to put as much space as they can between them and the water. Absolutely. This is an example. This particular storm coming up, this is not the Hurricane Joaquin. It will do some damage. Even noreasters can certainly create damage along the immediate coastal areas. This will do some before all is said and done. We still have some rough weather to get through. Live radar shows its generally a light rain across the area right now. The areas of yellow indicative of a couple heavier showers out there. The real heavy stuff still sitting off to the south of us. The other part of the story, its chilly. 50 to 55. But with strong wind gusts and rain coming down, its a rough one out there. Latest wind gusts so far, just beginning to ramp up. 25mileanhour wind gusts in the city. Weve seen them over 30 on the east end of long island. They could get closer to 40 or 50mileperhour wind gusts along the jersey shore later toda
There you are. We have the bond yields declining. Low rates. Come and securities the fed is concerned about a misinterpretation. The unemployment rate. And european equities were coming off of a low. London is up and we are coming off of the lows. The dax is lower. The opening. No changes expected there. Again, the overall context of what is happening. The g20 begins and exports fall. That is another facet. You see the manufacturing drop and a conversation this morning says to stop getting so upset about the slowdown in germany. And it will pass, turning to some trajectory of normal. You had the s p 500 down. That did not work on my futures board. Up by 1. 5 yesterday. The market is bipolar. I know one or two people like that. Can the roses stay sweet . Keep anme rose a aunt eye on that. Now, they are flying in tandem with that announcement. The reason i put this up here is because they said Foreign Exchange is going to hit the terms oft 1 2 , in thirdquarter results. Thank you fever i
Change or make the japanese find another way to grow other than just dump their cars on us. Yeah, weve come to accept that the rest of the world is relying on the u. S. To help them and we dont like it. Its too hard. And that reaction led to a wholesale selling of american stocks today which is how the dow tumbled 252 points s p fell 1. 3 nasdaq declined 1. 03 . Hideous. Yep. You know what, its become a zero sum game. We know that other countries are going to keep weakening their currencies, and were going to get earnings from those countries that arent as great as they were. Because our Companies Report in dollars, not yen or euros or rials. And while i always plead with you its a market of stocks not just some giant asset class, my pleas have fallen on the deaf ears of hedge fund managers, that dont trifle with individual companies. They just accept the dollar is going up and going up so much that its per se bad for all american stocks even those who it actually isnt bad for. So the