The street and a car nearly under ground. Crews at this hour still working to make repairs. Janelle burrell has more from hoboken for us this morning. Reporter chris, certainly a rough morning for the owners of that car. You can see, actually, see them here behind us, on first street, talking with some of the crew members, here, from suez water, as they wait to make repairs to the water main break, this is just the latest in what has become routine for many residents here. There is no way phil snyder and his girlfriend could ever have imagined starting off their workweek like this. It took several reinforced straps and a backhoe to finally pluck their car above ground. Look outside, and saw the street was flooded and only took a few seconds to figure was going off. Reporter the monday went from bad to horrible, this is the car a half hour later. Almost half of it underneath first street, outside of their hoboken apartment. Is what it is. Reporter the aging infrastructure, some of it ne
New report says n. J. Transit trains and buses are not reliable as they used to be. The fleet is breaking down more often resulting in more delays for commuters. Commuters could tell you that. It is monday morning. Good everybody. Good morning, ben. Good morning juliet. How was your weekend. It was lowkey. Me and dean yesterday. Dean the dream. The ladies went out. We hung around. Everyone in the house has a cold exempt for me. Im hoping dean is so cute. He has a head of hair on him. Wow, just like daddy. Get over to mike. Hello, michael. Good morning. Time to get into work and spring. Spring is here. Spring has sprung. I know it was cold. It still want that bad other weekend. Im be an optimist. Sun came out. I came out of brunch and full sunshine. Wheres the snow. Right. I went inside like an hour later. Youre like, whew. Keep my job. Getting my heart going. Anyhow, good morning to you. Look at fox 5 hd. You can see the snow coming through the tristate region t has been all snow. It h
Actions of public companies. If you look at the companies with stocks that currently trade, you might not see the oncoming train of a private Company Coming right at you. Thats why we travelled out west to sit down with all sorts of privatelyheld companies to hear what they were up to and how theyre going to disrupt industries. Its why we check in with cus of fledgling companies. When dont want you to be surprised. I have been dragged kicking and screaming into the new era but not necessarily how you think. Half dozen years ago a group of us from summit, new jersey, decided to buy an in down the block from my house. I have been known to whip up pretty mean scrambled eggs there. I am working on poached ones. We didnt know anything about the lodging business. The building seemed nice. I thought wed have needs like around the clock coverage to check people in, get them out, get them to pay. I thought there was no way anyone would hear about us unless we spent time and money on advertising
Where the dow sank and its 5. 9 percent and then 8. 4 percent and its the the best thing to watch this play out and in other words, it makes sense but only for a few days before the market loses interest. Consider for weeks the market despises and then they were low. The market hated them and they were over sold and kept ongoing down and down. And out of nowhere a couple of things happened and then things that determined the stock prices suddenly changed the view from bear stock to bullish in the blink of an eye. For starters General Electric for a one two punch and got the endorsement of a famous investor and the only one of his kind if you followed him, youd bead the market even if you bout the position after it was announced and after it spiked and he got involved buying a ton of stock. Last friday ge reporter had no flies and thats up. That was the signal that theres now an appetite for these, and theyre getting more more months. Since then we have seen you United Technology and th
Want a rate hike and those who fear one. But the dow only gaining 18 points and nasdaq sinking 0. 01 . Some people want to believe that with fed cheap janet yellen and i always come back to the problems of rate hikes and genders. The stocks of companies in debt and Oil Companies who so despera desperately need high yield loans to stay afloat. And lets keep in mind, those black hole i keep talking about. The Brazilian Oil company and the now disgraced volkswagen and none benefits from the rate hike but when one other pesky worry, we keep getting words of biotech pricing by Democratic Front runner, Hillary Clinton. It dipped into bear market territory today. These big picture worries continue overnight. And nike, closed up nearly 9 . A truly outstanding move that had almost no pin action away from its own good fortune and a big bump in the dow jones index that engendered. The impending rate hike could turn into the bank stocks. So, wells fargo is alive and doing quite well. I also think