Points, the s p by nearly 20, and the nasdaq by about 57 points. Also being helped, im sure, by the news from china. What do we think about this . I saw the rally in oil prices on friday. Basically a rumor that you were going to see Something Like this. If its contingent on iran and iraq both playing along with it, that raises all kinds of questions. Seems to be the same caveat weve heard over and over again. Iran has theyve walked back some of their more explicit talk about ramping up production. Still, theyre so eager to get back in the markets. And iraq is desperate too. Lets not forget iran boosted output a month ago by 500,000 barrels a day. If saudi arabia and russia and whoever else want to get together, they need to get iran in the room. And lets not forget that a freeze is not the same as an output cut. If demand grows, then theoretically supplydemand will come back into balance. If demand slows because of china, the freeze leaves the gap where it is. Oil is still under 30 a b
The passenger jet headed to new york, 252 people onboard. And the emergency in the cockpit. And, going to the dogs. Seven new breeds competing at the Westminster Dog Show tonight, and well take you right there. Good evening. And its great to have you with us here on a monday night. And its a good thing for millions of americans this was a day off from work, because at this hour, a dangerous mix of snow and freezing rain is making driving treacherous. A storm 1,200 miles long, from the south, all the way up to the northeast. A pileup in pennsylvania on i78. Fedex trucks and cars manageled outside lebanon. 17 states under Winter Weather semitruck jackknifed outside more than 2,000 accidents today alone. And there are several reports of tornadoes at this hour. This image of a funnel cloud in mississippi. There is also a bug change begin with abcs linsey davis tonight live in new york. Linsey, good evening. David. Over my shoulder, an accident minutes. Those that did venture out on the roa
Lukas good morning and us this midday. The battle to replace Supreme Court Justice Anton scalia is shaping up to be a monumental fight both in washington and on the campaign trail abcs jon karl is at the white story. The partisan battle over replacing Justice Antonin scalia came fast and furious. After the supreme scalias death Majority Leader Mitch Mcconnell declared . This vacancy should not be filled until we have a new president. Senator Marco Rubio Senate shouldnt even start the who president obama nominates last year, within the the president s term, we should not be appointing Supreme Court justices. Now, the president can go whoever he wants, move forward on it election. But president obama, who called scalia a brilliant legal mind made clear he would move forward. Sot obama i plan to lfill my Constitutional Responsibilities to nominate a successor in due time. But republicans in congress are vowing to run out the clock until that has democrats up in arms. Sot Chuck Schumer thi
This is our day to breathe while others are open. I wouldnt be surprised if the dow was up 200 points at open. We may have have the 08 crash where it goes down 50 from the top or opportunity to buy highrisk debt which is down 20 from the peak in some indexes. There is decision going on. Will it get better or get worse . That is where we are. No one side clearly in the lead but over last couple days people are looking at stuff over. Oil is coming back a little bit. Central banks certainly accommodative, Chinese Central Bank seems more optimistic. Could be a big buy the dip move. Deirdre jonas, i will be checking back in with you in a bit. Meantime jonas max ferris. There is volatility in the markets you heard from jonas there is volatility in the highest court of the land. The death of Supreme Court Justice Scalia, a conservative legend, is starting off a huge political battle. President obama says he will nominate a successor in due time. I plan to fulfill my Constitutional Responsibil
The cold and storms are making this tri back home tough if many. The latest on that battle for the Supreme Court. Youre looking live right now at the Supreme Court buildining in washinington, d. C. The flag there at halfstaff to honor Justice Antonin Scalia. Scsc, the lonongestst serving member of the cocot. His fight over his replacement already so fierce. Team coverage this morning. We begin with new details about Justice Scalias final hours at that texas ranch. Jim avila has the latest. Good morning, jim. Rorter good morning, george. This luxury hunting ranch is now virtually empty. A hunting tripnterrupted by the guest of honor. This morning, Justice Antonin Scalias body is heading to r rest at the Supreme Court after being flown to Dulles International airport overnight from texas. Learns detls about his last hours from the man who discovered his body behind the drawn cur tans of this 500 a night room at a luxury Hunting Lodge in west texa he was totally peaceful, a man who went t