But jan that will be changing as we head into the afternoon. Lets take you right now to live look at center city. You can see the dry conditions over those building tops, but thats going to be changing very soon. Specially by perhaps the noon hour maybe shortly thereafter. Pictures right now, theyre on the chilly side of things, chilly start out there. We have temperatures in the 20 s, also the 30s, and it is 36 degrees right now in philadelphia. Were in the upper 20s allentown and trenton as well as reading. 28 degrees in Atlantic City, and it is currently 27 degrees in millville. We are colder compared to 24 hours ago, those spots anywhere from one to 16 degrees coal nerve some spots, and actually, 17 degrees colder now in millville area, it is 9 degrees colder in philadelphia. Heres a look at storm scan3, you can cbsphilly. Com totally dry, clouds will be on the increase, throughout the first part of the day. Then out west, you see the rain moving into portions every western pennsyl
176,000 for a month ago. Just ahead of todays allimportant jobs report, the ecb will be making its decision on Interest Rates. The bank is expected to maintain its key lending rate at 0. 5 . Ecb president mario draghi will deliver comments from a different venue. Todays meeting will be held in paris around 8 30 a. M. Eastern time. Lets send it over to andrew with another big event today. We have a lot of big events today, becky. The nations top bankers are meeting today. Among the big names headed to the white are jamie dimon and Brian Moynihan. The original theme was, of course, fence mending between the administration and the financial sector. Now thats all the aif. The Government Shutdown, debt ceiling there expected to be the major topics of discussion. Also today, treasury secretary jack lew pressing congress to act immediately to raise the nations debt ceiling. Right now, the department is using extraordinary bookkeeping measures i dont know what that could possibly mean but anyw
Countdown to the closing bell starts right now. Good afternoon, everybody, im liz claman, happy monday, last hour of trading. Lets focus on u. S. Treasury yields, marching upwards picking up where they left off friday. The tenyear at the high point, there it is, 2. 89 . That is the highest level since july of 2011. Now, the benchmark yield nearly doubled since may as investors grapple with when and how the feds asset buying tapers the market. Will businesses and stocks start to get hurt . Keeping confidence in u. S. Markets is the subject of president obamas meeting going on right now in washington on regulatory reform. The president urges top financial regulators to implement the doddfrank reforms, and theres more than a thousand that have yet to be enacted despite being passed in congress way back in 2010. We need to get to jpmar begin, in the cross hairs of the u. S. Government, this time, nothing to do with the 6 billion london wale trading scandal or complex electricity contracts.
The drum roll please. Curtains pulled off two major surprise events. Concept trucks at ford, and facebooks latest twist on social media. Good afternoon, everybody. Im liz claman, the last hour of trading, and countdown to the closing bell begins right now. The big stories in a minute, first, the markets. A wishy washy day. The dow hit the highs of the session, okay, only 13 points. Well take it at the moment. Now its 1516. As it climbs. The nasdaq is languishing, and part of that, of course, is apple. Apple is the real drag on the nasdaq with the stock breaking decisively below the 500 a share level. This number here, 11 month lows, and earlier today, at 484, you know the story. Apple suppliers cutting back on production due to weaker than anticipated iphone5 demand, and then on top of that, china, flashing estimates lowering targets to 530 to 600 a share. Meantime, below all of that anyway. Facebook reversed course. The stock down, been turning back and forth on a dime. Now right arou