Heres another factor. The all important Big Tech Companies announced their Financial Performance in the next two days. Theres a few nerves here. Any disappointment would upset the whole a the cart. We should also say that the market is due for a setback after 15 month near straight up rally. Well thats money. Now politics. Tonight, the state of the union speech. The as the is cleared his schedule today to prepare hes likely to sell his growth plan and maybe reach out for a bipartisan immigration deal. And heres the news that is truly rocking the world of politics. The memo, spelling out reportedly deep state goings on before and after the election. We may get to see it. The fbi director read it and promptly got rids are of Andrew Mccabe fbi guy at the center of the memo. Money and politics, what a day. Varney company is about to begin. Have we got a big deal to report right off the bat . And it is moving the whole market. Amazon Berkshire Jpmorgan they are teaming up to create a new co
Like the head of sinclair is that collusion or just like minded individuals thats what i think this guys going to have to sort out. Its tough its tough for the thing hes just like oh i hope love for you is thats how i think it can really employee he made it up to this position of power and authority i think is believe my another word for has believes might be his pocketbook good point i think there is money i mean anybody want nobody nobody is that bold with memory as well. Comedy a daily caller video about Net Neutrality would group you to. Not the idea i want for a communications to you so the part of these with this mergers or time of billions of dollars so even if you got like a pittance out of that thats a large amount of money and he received any kind of payment any kind of kickbacks or favors all of that and everything that happened that calls into question. Or world or world the standard of revolving door in d. C. Will be kicked back a favor happened when he gets out of office
Poconos to palmerton. Temperatures will be below or near freezing and you could have freezing rain up to 1 00 p. M. Rain arriving from the west. Storm tracker 6 live double scan shows you there is moderate to steadier precipitation popping philadelphia, in parts of south jersey and delaware and points to the west. Where you dont seeld drizzle o. Well be dealing with that little batch of prezip sayings through the morning commute. 37 in trenton. 37 in allentown. 38 in wilmington and reading. 39 in millville at this early hour, as we go through the day, cloudy, cool and damp. Well struggle is to get the numbers up. 39 by 8 00 a. M. Trying to squeeze up to 46 by dinnertime. Cloudy with intermittent rain and drizzle through the day. Karen we have rain tomorrow particularly later in the day, an into sunday morning. It will be milder over the weekend. Details coming up. Reporter lets hit the roads right now. We have a bunch of accidents early this morning. Were live on the schuylkill express
Yields our top story is the u. S. Stock market officially falling into correction territory in yesterdays session. The dow was down by 1033 points. Thats a huge drop weve seen one earlier this week as a result were on pace for the worst week since 2008. The nasdaq was off by 275 points since the slide began back on january 26th, nearly 2 2. 5 trillion in market value has been wiped out from the s p 500. When you look at Global Markets they lost 5 5. 2 trillion over te last two weeks well, you add that up and you look at the u. S. Equity futures, the good news is that things are stabilizing a bit and even turning around after that big decline. Thats not what we saw earlier in the week. Right now it looks like the dow is indicated up by 270 points. If we were to open here, the s p would open up by 33. The selloff we saw yesterday continued in asia. The nikkei was down by 2. 3 . The hang seng was down by more than 3 . The shanghai was down by 4 . European equities in some of the early tra
Designed for high demand. Reporter so heres how it works. Starting at 12 01 a. M. For one day customers get one shot to enter the on line lottery through septas web site n that time customers can order ten passes for each of the two available days and set preference preferences like time slot and rail station. Drawing is random. If a customer gets select they will get an email saying congratulations and opportunity to pay for the pass. We want to be able to get the papal passes in peoples hand so at least they can make some serious concrete decision about their transportation plans. Reporter septa officials wanted to assure us that this on line external company will have a way to check for nefarious activity like mass purchasing and ticket scalping. They will have a way to check for that. This all happens one day august 3rd, for just 24 hours. Reporting live from center city im Steve Paterson for cbs3 Eyewitness News. Thanks steve. Count down continues. We are 60 days away from the pop