Were peppy boys. Three down weeks in a row for stocks. It looks like weget out of the gate in a positive way. Dow would open higher by 133. The s p is good for 21. Still early with the nasdaq which has been beaten up is up 89. Bond yields here come after declines of 2 last week for each of the major averages. Treasury yields spis part of th story. 10year treasury eased off last week, but still at 4. 29. Steve. The upper end of the range recently. 4. 30. Some people telling me 4. 50 is not out of the question. A lighter touch from the China Central bank. Lowered the oneyear prime rate by ten points. Economists expected 15point cut. The economists expected a 15basis point rate cut to the fiveyear prime rate. Major indices in china were down across the board. Palo alto here for liesmaniacs want to talk about the fed. Palo alto. You must have been talking about this. It is odd they did the release on the summer friday in the afternoon. It wasnt a bad one. It was a good one. Everybody thoug
In democracy. We must not allow them to succeed. The federal indictment said the defendants posed as americans using fake social media post to try to sway the political process. Mostly in favor of donald trump. It includes charges of conspiracy to defraud the united states, conspiracy to commit wire and bank fraud and i entity theft. Staging political rallies in new york and florida, both for and against donald trump and hillary clinton. The defendants posed at as politically and socially active americans advocating for and against particular candidates. They establish social media pages and groups to communicate with unwitting americans. A spokesman for clinton said on twitter the indictments quote time will tell us more about russia went to Great Lengths to undermine our democracy and the president wont protect us. President trump has been reluctant to acknowledge any interference in the election. This indictment will make it harder for him to continue that stance. The president said
Francisco police. U. S. Department of justice issued indictments against 13 russians citing evidence of a conspiracy to disrupt the 2016 residential election and destabilize the u. S. Political system. Jana is in the newsroom. The indictments called the russian meddling information warfare. Reporter that is what they called it. The Justice Department said the conspirators wanted to promote discord in the u. S. And undermine Public Confidence and democracy. The russians stole identities of citizens to create fake social media accounts organize rallies and fund their operation. Deputy attorney general Rod Rosenstein said friday there is evidence 13 russians headed up a conspiracy to interfere with the u. S. Political system. The evidence collected by special prosecutor Robert Muellers team was laid out in an indictment. A group called Internet Research agency began operations in 2014. During the 2016 president ial election paid for online ads and created online sites supporting the presi
Good afternoon the big story on action news is breaking now in upper darby. Officials are investigating reports of a person shot this morning along the 300 block of river view avenue. Emergency crews responded within the last 30 minutes. They say a 21yearold man was injured either inside or outside of this home here. We are working to get details and will bring them on air and online at 6abc. Com. The other top story is the very warm and very sunny accuweather forecast. Mother nature finally giving us a picture perfect day. Sky 6 hd looking live at the jersey shore and cape may wouldnt we all like to be there right now. We would. We would. For the latest lets go outside and check in with david murphy. We all will be down there were not too much longer. We are off to a sunny morning and now afternoon. We started off on the cool side this morning. Look at satellite the cloud cover is not near us anywhere. We have a milky white view to the sky over the terrace here but generally speaking
10year note yield around 1. 6 and crude oil the story as oil prices down, as you see it right there. Maybe we get the fed moving before the end of the year, right as we come out of the jackson hole meeting. A look, though, at wti. Lets get to our road map this morning. On this late august monday. Mylan, the controversy continues. The Company Announcing a generic version of its epi pen. It is going to be enough to satisfy critics and congress . The herbalife Hedge Fund Drama man here we are, year three, four, five, ackman, icahn, going yet another round. On this battleground stock. Well have news from williams by the way responding to activist pressure and the proxy fight that is looming for the company. It nominates three new independent directors to its board. I will give you updates there in terms of what we can expect on that front. First, though, lets get to the broader markets. Economic data to consider this week includes fridays key job reports especially after yellens marks at j