Newsroom. Time to go shopping. A couple of markets are taking a hit and we are tracking how the tuesday is going but the dow futures look strong right new. Todays chinese and japanese markets closed down. Again. Shanghai dropped 7 percent. European stocks are up. The United States futures are indicate they will open with a 3 percent gain. That would be a huge relief after yesterday when the dow plunged a thousand points weapon the market opened and closed 3. 6 percent lower. Bargain hunters are partly responsible for the rebound. Apple c. E. O. Is also getting some of the credit. He took the unusual step of reassuring the public that his company is doing just fine in china. He realized he responsibility, the assumption that china was impacting the business when, number, its wasnt. It is a good time to the advice is to not do anything drastic, hold on for the ride. Stay with us throughout the morning and we will track the stock market open carefully. Thank you, apple was 2. 5 percent do
Unveiled his coliseum city plan. It would transform the coliseum and surrounding area into a world class Sports Entertainment retail and residential complex. Meanwhile, the city of oakland continues to have talks with the raiders to negotiate a deal to keep the team. Everybody knows what the time frame is. Everybody knows that by october, there either has to be something that the raiders can take to the nfl with the city or the chances are theres going to be an application to move. Kept hard says his proposal will fall through if the city council does not agree to allow him to purchase the land that would be used for the development. Well, it got off to a rollicking start this morning and at this hour the dow is up about 300 points, about 2 . Yesterday was the worst day in years. Jill wagner is at the New York Stock Exchange with the latest. Reporter what a difference a day makes. The dow shot up more than 300 points in the first few minutes of trading tuesday morning. I believe the wo
Market is down you can turn black monday into a black friday sale. The money you chip into your 401 k you are getting more shares at lower prices right now. Its human nature to be scared and to worry, but again, if you have an investment process that you have used, stick with it. Reporter indeed, the market just closed. Lets go live to new york to lester holt with an update on the situation from wall street. Reporter below 586 after going as low as below 1,000 points at one point early this morning. Several attempts at a late day comeback but they started dropping again within the last few minutes and again, the Dow Jones Industrial average now down 586. 13, the nasdaq and s p made similar falls today. This selloff which of course began last week on fears of whats happening in china. Lets go to sue herrera at cnbc. What have we been watching . A lot of selling pressure that it was built up in the market. They kept testing the market this afternoon, trying to see whether or not they cou
Bill henley and his first alert forecast. South jersey is not one of the spots that has dried out and wont have any more showers. Cloudy skies in south jersey, a quick downpour here and there, mainly inland. Some of them will be crossing the shore as well. Look at the temperatures, 78 in northeast philadelphia, wilmington is 72 degrees. A warmer start this morning but as the day goes on, the clouds that you see here will be clearing out and humidity dropping. 74 at 6 00. By 9 00, 77 degrees and a westerly wind kicking in and 84 at noontime, still some clouds in the area but we will see more and more sunshine as the afternoon goes on. Your hour by hour futurecast when i come back in ten minutes. Right now, lets see how the roads are looking. Jessica boyington has first alert traffic. Were right around girard avenue, right now were doing okay, still early for this to jam up. On the southbound side headed toward thec Center City Area, 13minute drive time from woodhaven road up towards th
Headed up towards the walt whitman bridge. No problems on the walt right now. No openings for the tac pal, the ben and the betsy are doing just fine. Tracy . Now to breaking news at 5 31. Most of the stock markets in asia are down again. Tokyos nikkei closed down 3. 9 , a wsqlow. Chinas main Stock Market Index closed down more than 7 for a fourth straight day of declines. Analysts say the markets dropped after china devalued its currency, signaling a slowdown of the chinese economy. The numbers from overseas could set up another wild ride on the u. S. Markets. Wall street is reeling from yesterdays session. It saw the dow dip more than 1,000 points shortly after it opened. Now investors finally caught their collective breath at the final bell yesterday. Stock futures were up overnight but of course that was before most of the asian markets started tanking again. At the closing bell yesterday, the dow plummeted 588 to close at 150008,871. Experts say dont panic, focus on the longterm go