And conservative forecast. General elec profit in the co industrial u low crude prices could restrain overall growth. All that and more tonight on nightly Business Report for tuesday, december 16th. Welcome, everybody and good evening. Susie gharib has the night off. But if you like market action, then you loved today volatility was everywhere. In stocks, in oil, in bonds, and most especially, in russias battered currency. Lets start with stocks though. The dow was of and then up 247 point, it jumped 155 points in 30 minutes. Then came a slow fade that quickened in the final hour. Heres what the dow looked like in graphic form today. Kind of an ekg in desperate need of a betablocker. At the close, the dow was off 112 points, nasdaq down 57, a drop of 1. 25 and s p lost 16. Now down 1. 4 fo far. As for oil, it was a wood blast job too. At todays finish, west domestic texas crude snapped a four day losing streak. It ended a whopping 2 cents higher to close at 55. 93 and traded above 57 t
And conservative forecast. General elec profit in the co industrial u low crude prices could restrain overall growth. All that and more tonight on nightly Business Report for tuesday, december 16th. Welcome, everybody and good evening. Susie gharib has the night off. But if you like market action, then you loved today. Volatility was everywhere. In stocks, in oil, in bonds, and most especially, in russias battered currency. Lets start with stocks though. The dow was of and then up 247 point, it jumped 155 points in 30 minutes. Then came a slow fade that quickened in the final hour. Heres what the dow looked like in graphic form today. Kind of an ekg in desperate need of a betablocker. At the close, the dow was off 112 points, nasdaq down 57, a drop of 1. 25 and s p lost 16. Now down 1. 4 fo far. As for oil, it was a wood blast job too. At todays finish, west domestic texas crude snapped a four day losing streak. It ended a whopping 2 cents higher to close at 55. 93 and traded above 57
Will return to philadelphia. He was in harrisburg earlier today, but he will come back to philly this evening. And well get more details on that a little bit later. As you mentioned, the ntsb will hold another briefing one hour from now with more information on the speed of the train and the cause of the crash. Were in a building overlooking the secure zone. You can see in the distance that investigators are still out there, crews are still out there, and police are securing this site. Now we want to take you back to that ntsb video, this new video that shows the investigators at the scene surveying the damage. We also know this afternoon that mayor Michael Nutter spoke to us within the hour. He tells us the majority of the crew and passengers have been located. But investigators are still trying to make sure that all victims and survivors are accounted for. The mayor says that president obama called him earlier today to be briefed on the details of what happened. The mayor says the pr
Amtrak locomotive. That is where the rails are. The train crash is just to the right of that. As you said now, the investigation focusing on the speed of this train. And the possibility that it was going more than twice as fast as the speed limit on this tight corner. The scene described by survivors as chaotic, train cars torn apart. Tipped on their side. Mangled. There were so many head injuries and, you know, bloody faces. People were really injured. Brad shortly after 9 00, tuesday night, amtrak train 188, 238 passengers and five crew members traveling from washington, d. C. York city. Going around a bend train came off the tracks. Tracks that had been inspected just hours before the accident with no defects found. I was in the third car. So we had to actually climb out the top of the window to get out. Brad investigators now trying to collect all the pieces. The black box data recorder has been found. Video analyzed. The speed limit before the curve is 70 Miles Per Hour. The curve
Exceeding 100 Miles Per Hour when it derailed. The key with that is that curve its a fairly big curve right there and therefore the speed limit on the curve from what we understand is 50 miles an hour. That would be going twice as fast. Youve got a a tremendous amount of momentum and we dont know what exactly happened but so far we know that train went off the tracks right at that curve and this is something that has happened in the past in fact. Many years ago another train went off and it was also a deadly accident. Right in that same area. Mayor Michael Nutter had just had a News Conference a little bit ago and he says iain theyre still searching the wreckage because there are still people missing. Which does not necessarily mean theyre still in the wreckage. They could have merely left the scene or never got you know on the train. Because thats what happens a lot. Right. Iain, when we talk about this, there are people out there that are looking for their family in fact we know of a