Posttrump rally has only been subject to the most mild of profit taking and remains as improbable as the election outcome itself. In the old pretrump days it was almost inconceivable to have stocks go up with the averages were down. The futures just overpowered everything. Now we have situations like today where the banks trade higher again as Interest Rates go up and the certainty of a federate hike grows ever more. Well, certain . Thats fabulous for the earnings. We get a quarter from applied materials, the Semiconductor Equipment maker, and when it says the chip makers are ordering equipment again, it takes up a host of them. But when every one of amats competitors, the stocks all go up. Will this year of good feeling continue . Lets check out our game plan. Right now politics can outrun any earnings and if we come in monday and donald trump has named mitt romney secretary of state, i believe youll get a rally in the stock market based on the idea that trump may be more savvy about
Activist attack on wall street. This time, United Airlines. Two hedge funds with stakes in united announcing they think the board stinks and they want its own birthdays. What is interesting im looking a the release from par capital and all item meter capital. They own united shares. And they say say we are not shortterm traders nor are we activists. Yeah, right. They are active right now on getting six people onto the board. Including Continental Capital gordon buffoon. There are not people who will argue that united lagged its competitors. Its performance over the last five years, it has been underperforming relative to its competitors. By the way what you are looking at right there those are members of a Teamsters Union protesting out the jp Morgan Transportation Conference Today where the cfo for United Airlines was giving a presentation to analysts. Here is lebeau talking about the Management Team performing woef woefully. If in a horse race and you are in fourth place you are not.
Coverage on top of this, put things into motion in the last three hour loop. Not just a stalled frontal boundary nearby in whats left is the moisture, there but also very light lake effect snow, thats falling up, right across the panew york state board err. So even though none of this moisture is actually going to fall as rain or snowflakes, we are going to be stuck with some clouds cover here. At least initially. Certainly thats well represented, as we take you out to one of the many live Network Cameras there is one whitfield elementary school, traffic very light as i know jess has been mentioning pretty much all morning. But certainly cloudy and chilly start to the day. But you know what, guys . It is winter. This isnt necessarily the coldest air weve ever experienced but it sure is coal her you look at the feels like values than it has been in recent mornings. So you have to be ready for. That will thats where we come in, to get you ready to head out the door. Eventually start to s
Hospital. Eyewitness News Reporter jan carabeo joins us now at the scene, with the latest information. Jan. Reporter erika, ukee, a terrible scene here in nicetown overnight. One person as you mentioned has died because of this accident, three people in the hospital, including a pregnant woman, if you take a look behind me on scene here this morning, you can see where this car ended up after coming off the roberts avenue ramp. Authorities see right now, but the car went down 20foot embankment. Investigators have finish up here on scene, but this is what it looked like last night. That horn, you can hear, still sounding, after the car was crushed. Police responded to the one car accident just after 10 30 monday night. They say this car was traveling north on route one took the northbound roberts avenue exit, then struck and broke a telephone pole and kept going until the car dropped off a 20foot embankment. A 23 year old woman was killed, police say she was driving, a 24 year old man in
People on board left indonesia sunday morning headed to sing a poor. It vanished shortly after the planes captain requested to fly at higher altitude because of bad weather. The request was denied because of heavy air traffic. In addition to weather investigators will look at whether the plane was going too slow. Mechanical fame your, and how the pilots may have reacted to an emergency on board. As the mystery continues to unfold airasia has offered to fly relatives of the missing over the search area. New conference with indonesias president is expected to get underway at any minute. Meanwhile shortly after the bodies were found the airlines ceo tweeted quote my heart is filled with sadness, for all the families involved in 8501. On behalf of airasia my condolence toss all words cannot express how sorry i am. Ukee erika . Mark, before you go, any idea what some of the challenges the rescue crews are facing right now . Reporter well, just at plane was flying through really bad weather