Accident was on the freeway. Traffic investigators have been going back and forth between the two cars. One of them was a chp car that was destroyed by the impact. We have called them several times. They are not providing details on the officers conditions. Two officers have been injured. The conditions of the driver of the red car is not known. We do not know what led to the accident. We have confirmed that around 11 45 on Christmas Eve, the cars collided near winston avenue. It appears that the driver of the red car crash into the chp vehicle from behind. After that it went across the freeway and across the offramp. We called chp a few minutes ago, they said they would not provide updates on the investigation or those injured until a News Conference, plan this morning at 9 00, takes place. As it gets later in the morning and more cars get on the road, many people will wonder about the freeway closure. We are at 880 s. Near southland mall. Both cars are still here. It will be a while
Release of the Federal Reserve minutes. The dow is on track for its lowest close. Lets get more on the trading action. Bob is here on the floor as always. Ne energy stock s dragging us down we were weak right at the outset. You see around 10 30 we just dropped. Thats when the inventories came out. Barrels, import surge. Thats very bearish for prices. The bottom line is right. Exxon and chevron weighing on it. You have a lot of countries worried. You can buy russian as well. We saw dow stocks moving down but there was some Collateral Damage here. I pointed out the sxe which is the Semiconductor Sales in china. Theres Collateral Damage here. Look at the declines. Yes, you see walmart down. I put it in there because thats a 52week low. Finally i just want to note talk about a tough day for a new oil etf. Theres a new one that came out. Its a basket of all the new refining oil stocks. That just came out. Thats a basket of refiners like marathon and valero and well update that in the next f
Announcer this is nightly Business Report wit happiest stock on earth . Stock price rises, revenue misses. The focus is on disneys suddenly pressured Cable Network, espn. Big mistake . Warren buffett thinks investing in bonds is. But if you own them, what should you wont be . And second act. A group of entrepreneurs are getting older but theyre not slowing down, tonight on nightly Business Report for tuesday, may 9th. Good evening, everyone, and welcome. The nasdaq closes at a record for the 30th time this year. But we begin tonight with disney. A tale as old as time helped the entertainment powerhouse report a rise in earnings. The success of its latest adaptation of beauty and the beast, along with strength in its theme park business, helped disney earn more money in shares than expected. The dow component reported earnings of 1. 50 a share, better than expectations. Revenue was a tad light at 13 billion. But up nearly 3 from a year ago. That along with disappointing operating income
Looking for a bit of a down open, perhaps. Crude oil, where is it . Where is it . I want to talk about the cushion and things i heard yesterday about the im there. Below 50 again on the allimportant wti. And the tenyear, after yesterday, of course fed minutes, we saw prices up yields down. And we are still lower certainly than we were yesterday at least because i remember we were at least 2. 1, if not almost 2. 2 on the day. Our road map starts with walmart, earnings beat on the bottom line. And this very important announcement, its going to raise the pay for roughly 500,000 employees. The markets, well volatile. Yes, they are. Premarket germany rejecting greeces debt plan. Oil is sliding. Earnings beats from tmobile marriott priceline. Those stocks moving higher. First, lets get to carl. Hes in arkansas. Hes got more on todays news from walmart. Carl . Yeah interesting, david. The quarter looked pretty good 1. 61 beats 1. 54 estimate. U. S. Comps up 1. 5, better than expected. Recall
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