Succeeded. In a surprise move, the worlds second largest economy devalued its currency by nearly 2 against the u. S. Dollar. Its largest devalue situation in 20 years. A weaker yuan would make chinas goods more affordable to foreign buyers so its being interpreted that chinas economy is in jeopardy of a deeper slow down which sent stocks tumbling. The dow jones fell to 17,402. Nasdaq dropped 65 and the s p 500 sank 20. Commodities also came under pressure since china is a big buyer of them. Oil fell to a sixyear low, down 4 to 4308 and a report from opec showed output increased to a threeyear high in july. And its not just stocks and commodities that are reeling. The impact could be wide reaching. It was a shot literally heard around the world. On a down day, chinas devalue situation of the yu a n is an anchor that dropped bonds and commodities yields around the world. I think screaming that china is in trouble, weve seen a series of data points out of china of a serious slow down. Rep
Miles an hour. Dont look for any sunshine today at all. Thunder and lightening is possible, the rain could linger throughout the afternoon, temperatures in the 70s all day and as we mentioned those wind gusting as high as 45 miles an hour, so, little weather drama possible this morning, bob kelly, but i saw leaves, and branches blowing all over the place on my way to work. Are you sure wind is reason why bus stop buddy cannot stand up straight there, or maybe a little. He is eight years old. Live look at 42 freeway we have rain drops, that will be the game changer for morning rush hour, factor in some extra time. I like to say first one out of the house gets the best umbrella. Schuylkill expressway we are seeing the rain but they have pick up cones so all lanes are opened on that eastbound side. Already out of the gate two of the septas Regional Rail lines running with delays this morning. Karen and thomas back to you. We are weight waking up in a good mood because our eagles won last
Warm. Reporter well have more sun than we saw yesterday. Its going to be a better day. Lets get you outside and show you whats going on. Down the jersey shore, just like yesterday afternoon, the temperatures will be chilly, well see an onshore flow that blocked the clouds yesterday, it will keep the temperatures cooler before things warm up by the middle of the upcoming week. The numbers across the region were showing the mid 40s across the northwest. 42 degrees, pottstown, 45. Malvern, 47. Lake harmony, 46. South and east we go, same thing lots of mid 40s, gandys beach, 46 degrees. Cinnaminson 47. Glassboro, 45. Woodbine, 49. Satellite and radar weve cleared out nicely across the mid atlantic states, you can see all the weather approaching from the west. Lots of clouds across the ohio and tennessee valleys and showers and numerous thunderstorms are starting to erupt as well. Thats our next weather maker that slides in after midnight tonight and sets up a miserable day tomorrow with pe
Probably need the heater on this morning. It is 43 in pottstown. 43 in quakertown. Only 11 degrees above freezing. 48 degrees in warminster. 54 in center city. Newtown, 46. Media, 50 degrees, glassboro, 49. Cinnaminson, 48. Hammonton, 47. Browns mills checking in at 46 degrees this morning. Satellite and radar clear skies across the mid Atlantic States this morning, up and down the east coast actually from the carolinas to the maine. As you look toward the lefthand side of the screen we see the clouds build again. Thats in advance of the next system thats heading this way after midnight tonight which will provide us with wet weather tomorrow. Sun and clouds, pleasant, high around 70 degrees. Keep the umbrellas handy over the next several days. There are several chances of rain in the exclusive accuweather sevenday forecast, the first one arriving after midnight tonight and through the day tomorrow. We have a lateweek warmup to talk about. Temperatures by friday will shoot into the 80s,
Allentown, 46. Pilots, 46. Smyrna bottoming out at 49. With the sunshine the numbers are rebounding. Kutztown, 54. Malvern, 55. Warminster, 56. Low 60s in center city. Glassboro, 59. Agenda beach 56. Gandys beach, 56. Dover, 60 degrees. Sun pleasant finish to the weekend. When i come back dont get used to the sunshine. We have clouds heading our way. Rain in the forecast, on a positive note theres a warmup heading this way just in time for the memorial day weekend. Were following developing news this morning. Philadelphia fire officials are looking into what sparked a blaze before sunrise that claimed the lives of three people. Firefighters say there were no working smoke detecters inside the home. Firefighters were called to the 5400 block of diamond street when they got to the scene they were met with flames pouring out of the home. They went to work quickly to put out the fire, but it was too late for the people who lived inside the house. The firefighters did a tremendous interior