Good morning and welcome to news4 midday im chris lawrence. And im erika gonzalez. National Weather Service says Dulles Airport hit a record low temperature of one degree early this morning. Right now you are looking at the current temperatures. Big improvement from the one degree. Dont get too 457happy thoug. We have nor snow. Lets get the latest from the meteorologist sheena parveen. Hit a record low this morning about zero degrees. So, yes, its very cold weather. Locally very cold weather in florida wintry mix and snow moving into parts of georgia and carolina as well. This is our next weather system. Heading out into the atlantic, and tonight part of the area start to see snow falling. Ill show you how much coming up in a minute. But temperature wise low to mid20s. Well be breaking 30 degrees this afternoon for some of the area. Big improvement compared to what we have seen over the past few days. In the suburb there you see 31 degrees, then well see the snow moving in. For some of
Story here for stocks. We could look at a record close for the market the dow is up 63 but coming off its highs. Courtney reagan with stay closer look. The stocks falling a bit here as the dollar strengthens, like you mentioned, those comments from President Trump to joe kernen in davos. We have found some footing lets see what happens going into the final hour here not a repeat of what we saw yesterday when we saw this pretty fast fade around the european close time. Its the big m word thats being discussed as the main driver for this rally. Momentum thats taking equities higher there are commentaries coming out of the blue chip dow earnings, like caterpillar, and bellwether indicator like 3m we do have that phenomenon happening today. Caterpillar, 3m and Goldman Sachs helping to lift the Dow Jones Industrial average health care, materials, among the strongest sectors. And biotechs etfs, the hxb and bxi. The aerospace and Defense Group is hitting a new intraday alltime high today led
The market is broken or bent. Give me a reason. That was intentional, wasnt it . Seema m owith the top stockso buy but first bob pisani. Last week you had your opportunity. And the markets have gotten considerably cheaper the multiple, forward multiple, price earnings multiple on the s p 500 has gone down considerably two weeks ago it was 18. 5. Thats historically high the 20year average is 16. At friday we were 16. 6, the lowest since the election. We crept up with the rally, 16. 9, but you get idea its getting cheaper now the big debate is with what weve seen here at the open today, are we at a tradeable low here can we anticipate the market wont have another big move to the downside weve had a big move down. Its the indices are way oversold so makes some sense you get it back. A little bounce. The correction is only six days old. Some people calling it a technical correction, not based on fundamentals. Others dramatically disagree with that idea look whats happened the dow has regai
We are asking our viewers to call us with your thoughts on hosting the lipids in the United States. Do you think it is worst worth the cost to cities . If you are in the eastern or Central United states the number 202 7488000. If you are in you as a victory done the number is 202 7488001. And if you are a boston or A Los Angeles resident that number is 202 7488002. You can also catch up with us on social media, facebook or twitter. And a very good friday morning to you. Beijing celebrating this morning on its olympic bid but plenty of olympic headlines already this week in this country. Here are the dueling front pages from the boston globe from tuesday this week, noting that the games were over after boston organizers were able to halt the bid in that city for the 2024 Olympic Games. On the same day that that headline ran, here is the front page of the los angeles times. They are at the headline is 2024 games. Los angeles is a player again as boston and its bid to host the olympics. O
S p 500 having their worst day since may 17th. So youve got to go back weeks just for even modest declines like that. This morning dow futures indicated up by 15 points. S p futures up by 2 and nasdaq up close to 10. Overnight you did see gains in the chinese markets. Japanese nikkei was flat as well. In europe this morning in some of the early trading there. Lets get a look at whats happening in the u. K. Ahead of the elections tomorrow. Stocks are slightly higher. Up by just under. 2 of a percent. The cac is up. Take a look at the treasury market. This is the one thats been causing so much consternation. The ten year note sitting just above 2. 15 but hovering around this level even though we do expect the fed is likely to raise Interest Rates next week. A lot of people wondering whats going on. Some of the weaker Economic Data including the jobs report leading market watchers to assume that the fed, even if it does raise next week, that it wont do it again in the near future. Lets ta