I have not been bullish banks, one is u. S. Bank corp, but these banks will continue to rally. Among the banks hitting new highs today. Alltime high. But u. S. Bank corp, alltime high. Also trades to two times book as opposed to bank of america, citicorp, 80 of book. Can they rally . Yes, because people that put these things on the shelf for the last eight years are now piling in. Defense stocks continue to work on the industrial front. Tim can speak about mining names. I think in certain sectors, they work. But can the banks continue to rally, yes. Keep riding the rally . What i like the rally, guy talked about financials, industrials. Those were the early bloomers. But now we have great housing numbers today. I added to my kb homes, pulte homes. Housing can run. Even with rates. Even with rates. When every housing recovery has been with rates rising. So everyone has been afraid of this trade for years now. They have been afraid of the housing trade. Because of rising rates. If you lo
Noi noirs. First, the only store that matters to wall street and main street right now. That is shares of apple. Surging for the Third Straight day, since a rally began, it has added a staggering 46 billion in market cap for those of you keeping score at home. Thats more than a netflix, about the same size as the gm. The question is simple tonight. After being dead money for a long time, is apple now a mustown stock once again . Pete, what do you say . I dont know that there is anything thats a mustown stock. But i think when you look at apple and you understand whats going on right now and the process and absolutely look at the competition with samsung, and the latest issues theyre facing while this new launch is about to go happen for apple, and you look at this 8. 10 fusion chip that speeds everything up or gives extended battery, all the wonderful things going into this and everybody said there is not enough going on with the phone. I believe whats inside the phone is making it tha
Damaged by fire, but no, this is just more evidence of the strong storm system that blew through the high winds, literally causing this building to collapse. Luckily, this building was vacant at the time, so there are no injuries to report. However, a building next door had to be evacuated as a precaution, and that has left ten people homeless. Meantime, along shakespeare avenue in the hybrid section of the bronx, bricks, because of the high winds, fell off of an Apartment Building during the storms and ended up hitting a man in the head who was walking home from work at the time. He suffered severe head trauma. He is in critical but stable condition. Back here live at east 183rd street, we understand com ed this building so that, of course, theres no more damage. Think about the intensity of the storm that wind collapsed this building that was in bad shape to begin with. Rob it is mild now, but get ready for a big change. Good morning, everybody. Not only is there a big change in temp
We begin with Janelle Burrell live along route 17 in saddle river this morning. Janelle . Good morning to you mary. What a difference a few hours makes as we making our way along route 17. No rain the roads are clear but this area had quite a bit of flooding and a few accidents reported. Major differences compared to yesterday. Drenching down pours soaking the tristate area well into the night. Ponding turn roads in splash pools like here on raymond road. End then the winds powerful gusts snapping trees like this 50footer crashing onto a home as they ate dinner. All of a sudden it was like the sky falling. Thundering noise. The massive tree leaving a hole in his house. A construction barrier tumbled into the window of a cab smashing the glass, the driver uninjured. And crews work to clean up a smoky scene after live power lines fell onto the wet roadway. Now back live as we continue to make our way north on route 17 here in saddle river. The roads are slick but the rain has stopped. Ab
Light showers at that. Some of the wind gusts, laguardia officially 55 Miles Per Hour. Teterboro, 55. Larchmont, 67 miles an hour. The east end of long island, about 57 Miles Per Hour. Right now, its calm and quiet. Mostly cloudy, couple of sprinkles in spots. Temperatures will drop. Bounce back to the 50s and drop to the 40s towards the end of the day. Brisk and breezy. But no heavy rains to worry about or damaging winds. More on the forecast in a bit. Surveying the damage on the roads, heres lauren. Thanks. Im going to talk to you about two closures that will get in your way. Well start with the bronx River Parkway. All lanes shut down. Its a small stretch here. You can get around it. Head over to route 100 instead. Heading over to new jersey, we do have a closure on route 22 westbound. This starts at king george road. Thats also because of floofding. Two things to beware of. Lauren, thank you very much. The nasty storm, we all felt it. Knocked down trees and power lines and scenes l