Pressure as always we have full Team Coverage right here, gene munster monitoring the facebook call on the red phone. Carter werth checking the charts on both the names as we speak. Let us begin with facebook the stock down a couple percent after hours on top of a 40 gain over the past year, there has been a lot going on with facebook the growing concern over fake news changes some of its algorit algorithms daily users coming up a little bit better than expected not by much, what do you make of it. They need to get ahead of the political rankering in the coming months. Mr. Cook was ahead of the curve there. But does the valuation make as much sense as it did in the past numbers were fine. You mentioned active users maybe we are not seeing the same growth as we have in the past. That is to be expected if people are spending less time, then the forward earnings rate doesnt make sense. That said, we were at 178, 179 a week ago its not that catastrophic. Heres my concern 2 billion monthly
Gains and losses for much of the day before surging in the final hour of trading. The dow travelled 5500 points in total when you add up all the moves. With yesterdays rally the dow and nasdaq recovered about half of mondays losses show you whats happening in asia. S generally improved asian markets were mixed, flat hang seng lower by almost 1 shanghai off by 1. 2 europe this morning, positive across the board gains of a half percent generally. Lets go show you whats going on with the yields which has been so interesting in the wake of that wage data on friday the 30year is yielding 3. 03 . Tenyear note at 2. 7 2. 76 we had gotten up to 2. 88 on monday that led to a lot of selling its a key level well talk a lot about as we move through the morning. Fiveyear note at 2. 49 the twoyear at 2. 0. Well have more on the markets as you can imagine in just a moment we have also a breaking Corporate News story making a lot of waves steve wynn is now officially out as ceo of his Company Followin
The winds it will feel like the 40s. Clouds increasing from the west. A broken line of showers pushing in from the ohio valley. That moves into our neck of the woods overnight tonight and that will set up a rain stretch of weather tomorrow in the morning and after. Today, comfortable and mild high of 57. When i come back ill time everything out on future tracker 6 for tomorrows rain and theres a chance of the light snow monday into tuesday, ill have that as well. Thank you for the update. 18 hours from super bowl sunday. Philadelphia police are optimistic for a super bowl win which means added security for the post game celebrations. Businesses have plans to keep celebration safe for everyone. Reporter officials got a preview of things could look like last sunday when the eagles beat the vikings. Hot spots like this at frankford and cottman mayfair grew into the thousands. Were optimistic about the eagles victory. We know the crowds will be much larger. As a result we have to be progra
Special counsel Robert Mueller. And its grammy weekend. Well go behind the scenes of the weekends hottest party with a toast music mogul clive davis. But we begin this morning with todays eye opener, your world in 90 seconds. I think it was a very, very successful trip, thank you. The president returns home to a mueller firestorm. Fake news, folks. Fake news. This president not happy at all with this investigation, and its getting closer and closer. Clearly trump seems to think his worst enemy is bob mueller. Trumps worst enemy is donald trump. Another deadly blast strikes kabul. The taliban claimed responsibility. If you didnt get a flu shot, get one now. 39 states are reporting serious outbreaks. Thats up from 32 just last week. Parisians are bracing for high water. This is measure. A close call for officers. You can run but cannot hield. They help while night vision cameras roll. The dog has contact with one. The giant panda tries to give the cub a bear hug. Look at that. The bear t
Is a mild stretch of weather headed our way. Mild stretch. Mild weekend. Of course it wont last. Some more went their we have to deal with for sure. But today you know what it is going to be feeling like spring time out there. Let me start you off with a look at the city. This is the our live Neighborhood Network from across the river. Palmyra cove nature park new jersey, skyline lit up in the background, dealing with dry conditions to start out your saturday, also mostly Clear Conditions as well. See good amount of sunshine as we kick off the morning too. It is 29 degrees, right now in philadelphia. Right around 30 in wilmington. It is 36 degrees in millville. Down the shore, temperatures are checking in in the upper 30s, places like Atlantic City, at 38, and right around 39 degrees in wildwood. We are warmer compared to this time yesterday. In fact, well, 3 degrees warm nerve philadelphia, but where you will really notice the difference as youre waking up this morning, that will be i