China is stepping up support for its economy by wrapping up spending and considering new measures for back lending. Beijing will make more money available to local governments and minimal amounts banks must set aside to cover bad loans may be reduced. Lets take a look at the market. Hong kong and china are closed for lunch. But they fell in the morning session. After two days of gains, the japanese stocks as well as singapore are all down. I will be back in half an hour. Emily this is bloomberg west. Last years Growth Stocks are this years biggest losers. A dramatic revaluation. Groupon shares get a huge boost on news that alibaba has taken a big stake. Major investors weeding out largecap technology out of their portfolios. The major revaluation of Technology Stocks underway in 2016. We will focus on three companies in particular, netflix amazon and activision blizzard. There was a time when the only thing they had in common was the description as Growth Stocks. Today the businesses b
Appropriate. Former United Nations secretarygeneral interest which pope francis is in mexico where he delivered a massive stadium rally on behalf of fighting the drug trafficking. That is bloomberg news. Emily this is bloomberg west. Last years worth stocks are this years biggest losers. A dramatic revaluation. Groupon shares get a huge boost on news that alibaba has taken a big steak. Ake. Major investors meeting out largecap technology out of their portfolios. The major revaluation of Technology Stocks underway in 2016. We will focus on three companies in particular, netflix amazon and activision blizzard. When the onlyme thing they had in common was the description as growth stocks. Businesses bleed together. They all can pediatrician content for us streaming video. Into 2016. From 2015 all the stocks have been slammed in 2016. More than 20 declines. What do we read into this . David, should we be thinking of this as a sector wide story . I just came from giving a speech. One of the
Strip like its 2016. We love this video so much we wanted to share it with you. You see the man in the hat, boogieing on fremont street and some gal out of the audience comes and joins him. Kim theyre just strangers, they dont know each other, someone saw it, rolled on it and tagged us on twitter. They tagged me, tagged dana and we thought this is a fun way as we head into the new year, to show you people are already partying on fremont. Dana well check in with tom hawleys video vault, showing you fremont street interest 30 from 30 years ago, what it looks like on new years eve. Kelly it is another chilly one out there this morning. Temperatures below freezing in most neighborhoods in the valley especially. Were seeing current temperatures in the upper 20s. By 9 00 a. M. , were at 40 degrees, lots of sunshine, 46 by noon. And 47 at 4 00 p. M. Well talk about those temperatures for the new years eve celebration, plus chances for rain in the forecast coming up. We were just checking from
Yes, it is friday, September November 6. I went back in time. It feels that way. Sara does feel that way. Thank you for joining us as we wake up together. We have made it to the weekend. It is warm and muggy. Fox25 stormtracker meterologist shiri spear with a timeline. Shiri thats right. I dont have a beach forecast for the weekend but beachlike temperatures. 60 in beverly. 64 right now in plymouth. 61 in worcester. 55 in nashua, New Hampshire. Showers that have come to an end across the cape and islands and it doesnt mean that we are done for good though. What we will find are fog on islands. South coast where we have the worst of it. Visibility under one mile and in nashua, light fog from the seacoast to the north shore. I do expect that fog will get a little worst before it gets bet they are morning. And we will have foggy conditions at 7 a. M. With temperatures still in the lower 60s. So a lot of clouds around and plus the potential for late showers passing still across the cape an
Cooler temperatures start to come back. Lets get right on in it with david and karen. Good morning. Good morning, everybody. Satellite shows you that we do have a fair amount of cloud cover overhead this morning. But there are some breaks and i think well see some early sunshine. And then the clouds continue to get thicker as the day goes on. Little rain out in central pennsylvania is falling apart. It doesnt look like we have to worry about that today. 55 degrees in philadelphia right now. And with light winds thats not a bad temperature for early november. 50 degrees in wilmington. Still 45 in allentown. 53 in trenton and mid50s down the shore. Winds are out of the southwest but as i mentioned they are pretty light, just 10 Miles Per Hour in philadelphia and weve got a couple of spots showing zeros. That means calm winds. As we head out the door to catch the school bus over the next couple of hours the kids probably need a sweatshirt, probably dont need the hood up. 56 by 8 oclock, p