Cheese burger in paradise heaven on earth ho hum another month, another new high for your money. The slow meltup marching on. The nasdaq looking at that hitting a new high. The oil and Energy Stocks all the Big Eight Oil names, exxons, chef rons are higher. On the other side of the trade, yeah some of the real estate stocks are lagging, but overrule a good day. What individual names are making investors money today . The casino stocks. Look at that. Las vegas sands are up big on some big numbers from chinas ma cow. Bikky . Good afternoon im becky quick. Here is what else is happening at this hour. A government watchdog said that medicaid was overcharged for epipen from 2006 to 2016. That is far more than the amount mylan agreed to pay the settle overcharging allegations. Construction spending posting its biggest drop in a year in april. A sharp upward division pointing to underlying string. Illinois Credit Rating getting closer to junk. Its debt downgraded after lawmakers failed to app
Stronger storms, thats kind of what happened. Even though the front, triggering mechanism, little to the westville, we still had enough energy because of the renmant of Tropical Storm cindy, that still had enough energy that it was able to continue to give us the threat for bad weather. All right, want to remind our viewers, it is now 7 01. Were staying here on Eyewitness News, cbs3, with storm coverage, because we have couple of Tornado Warnings in our viewing area, specifically, in south and central new jersey, trying to give matt a couple every minute to pull up the latest information because it is 7 00. And according to the National Weather service, one alert was set to expire at this time, so matt, whats the latest as far as the Tornado Warning in south jersey . That one has expired, National Weather service has allowed that Tornado Warning to expire, good news, now, theyve not issued a Severe Thunderstorm Warning on the back ends that far Tornado Warning. Now, that doesnt mean th
Sophia haines. Confessing to suffocating the children with a bed sheet. This is the last person i would think would do Something Like this to my son, to her daughter. He last saw her last week, she was a doting mother who didnt drink, smoke or suffer from mental conditions. Why she would take the life of her children is baffling. Always how is the baby . How is the kids . I dont see how anybody could have seen this coming. They were so sweet. I cant believe it. Yesterday afternoon haines called her relative in florida, and said come home now, when the relative arrive, she saw haines crying and the two children unresponsive on the bed. Haines was taken into custody and arrested and gave police no explanation for her actions. I cannot wrap my mind around it. We are not naming the 3yearold daughter or the father of that child has not been notified. Police tell me he is in jamaica and they are having a difficult time reaching him. Chad thanks. New at 4 00, president obama officially endors
Industrial production. Michigan sentiments at the top of the hour. Theres a look at crude back about 47. Our roadmap begins with ge beating the street on earnings, but what about nelson peltz . Companies such as yung, wyn. Alibaba making a multibillion dollar play for china. General electric up 29 cents a share in the Third Quarter held by demand for jet engines and power turbines. Ceo jeff emmeltz said ge performed well. Oil and gas revenues down 16. Power and water up 1, aviation up 5. I like the quarter. Plain and simple. When i see 4 organic growth, thats going to be among the highest of the Big Industrial companies. Its been the best performing industrial so far this year. I think jeff immelt, the transformation is truly happening and it is real. This is obviously Conference Call, we have the date, we have our reports here. I mentioned that because the Goldman Sachs hadnt been on that and the stock jumped 7 points after we talked about it on squawk. Important to mention. Things ha
My cohost and digital producer, wajahat ali is here bringing in all of your feedback. Waj, one of the largest segments of the shared economy is sharing a room in your home, renting out a room or your entire home, and we were talking about this earlier. Its kind of a weird concept. Im the paranoid son of immigrants. I dont even want my family members staying with me. To have a stranger live in my room, seepsubious, but. Yeah, indeed. Which goes back to what we were saying about lending your house to a stranger. Would you do that . Or lend your car . Or how about leave your dog with someone that you just met on the internet. Average citizens are turning to just that. Its called the sharing economy. People with stuff that they are not using rent it to people who want it, and it has evolved into a 26 billion a year industry. Everything from a 12,000 handbag that can be yours for an evening for 100 bucks, to a weekend surfboard, 2hour lawn mower, or your very own dog for an afternoon. Its a