But the big story on action news tonight is black friday 2014 and while it will be some days before we see retail numbers and begin to gauge whether the Holiday Shopping season is off to a good start, chopper 6 hd witnessed a couple good signs today, a jam packed parking lot at the philadelphia premium outlets in limerick and nary a parking spot to be found at the king of prussia mall. Admittedly these are not completely scientific assessments. Action News Reporter dann cuellar a live at the king of prussia mall. Dan youre a veteran of black friday reporting how does it seem to you. Reporter jim youre right. We wont know until they crunch the numbers but from the looks of it theyre off to a pretty good start here at the king of prussia mall. King of prussia was packed late today with Holiday Shoppers many of them carrying bags of all sorts. Weve been here since 9 30 this morning and weve been in teenaged stores. Reporter yeah. Were finding good deals. Im prettying good sales. I cleaned
Ocean temperatures are in the low 30s, on the coast youre a little bit milder. You go inland you can see how dramatically the numbers drop off. Storm tracker 6 live double scan as we set it in motion, heres the moisture were watching. Lots of snow across ohio valley. Lake erie, 98 ice covered. Eastern portions of ohio dropped 35 degrees below yesterday morning. Theres plenty of cold weather in place. As this moisture moves on into the region it will fall in the form of snow. Heres what to expect, later this afternoon and into the evening hours, reading lancaster, easton, its a snow event. It will come down heavy at times, expect mixing of sleet and freezing rain across the i95 corridor, 1 00 p. M. , it starts out as snow and mixes with sleet and freezing rain and expected to end as rain tomorrow morning. The jersey shore it will start as snow briefly and go over to sleet and freezing rain and rain overnight tonight. Well see longer durations of snow were expecting heavier accumulations
Benefits nationwide . All that and more tonight on nightly Business Report for wednesday, december 4th. Good evening everyone. Its four in a row. The dow and s p fell again today backing away from last weeks record setting highs. Blame it on a new bach of positive reports on jobs, housing and the upbeat survey on the economy. The take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. All this comes just two days before the release of the monthly jobs report. A key data point for Central Bank Policy makers. Its no wonder stock averages between gains and losses and finally ending mostly in the red for the day. The dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s p fell two points. The same concerns about the feds next move sent the yield on the benchmark treasury note above 2. 8 , the highest since september. How does the Federal Reserve see the economy right now as it prepares for the nex
Wednesday, december 4th. Good evening everyone. Its four in a row. The dow and s p fell again today backing away from last weeks record setting highs. Blame it on a new bach of positive reports on jobs, housing and the upbeat survey on the economy. The take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. All this comes just two days before the release of the monthly jobs report. A key data point for Central Bank Policy makers. Its no wonder stock averages between gains and losses and finally ending mostly in the red for the day. The dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s p fell two points. The same concerns about the feds next move sent the yield on the benchmark treasury note above 2. 8 , the highest since september. How does the Federal Reserve see the economy right now as it prepares for the next policy meeting next month . Steve liesman looks at the beige book survey and
Nightly Business Report for wednesday, december 4th. Good evening everyone. Its four in a row. The dow and s p fell again today backing away from last weeks record setting highs. Blame it on a new bach of positive reports on jobs, housing and the upbeat survey on the economy. The take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. All this comes just two days before the release of the monthly jobs report. A key data point for Central Bank Policy makers. Its no wonder stock averages between gains and losses and finally ending mostly in the red for the day. The dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s p fell two points. The same concerns about the feds next move sent the yield on the benchmark treasury note above 2. 8 , the highest since september. How does the Federal Reserve see the economy right now as it prepares for the next policy meeting next month . Steve liesman looks a