Alley were seeing more push and pull this morning in this case the dow and the s p are green. Were getting decent bounces in names related to travel. Of course the covid cases out of florida at 11,000 plus is not good, but it has been off set by the data out of gilead lets talk about where were going in the coming weeks. You have been riding names like facebook and alphabet and is any of that betting tired the nasdaq 100 has bet the s p for ten straight months. At this point i think the s p this year is down 1 and the value index was down we started our careers at the same time. We saw the tech bubble we saw how bifurcated it can get. We saw how they still have value. Other companies doing exceptionally well it is not available compared to what we see in other sectors what is an example of that . Lets take leer if your family owned the business, you would say we made a billion and a half dollars a couple years ago and a few years from now we will again, but the market is offering to bu
If companies are Building Products to get you hooked. And pulled out alive. The teenagers trapped in an upside down burning car. The moment two Brave Police Officers rush in for the rescue. Good evening. Welcome to world news tonight. Im tom llamas, in for david. And we begin tonight with the dangerous arctic blast, gripping a huge portion of the country and now causing a state of emergency. A fresh round of lake effect snow pushing record snowfall totals up to six feet in parts of upstate new york and pennsylvania. Piles of snow, you see it right there, as high as rooftops. And when the snow finally stops, here comes the cold. Already teethchattering temperatures set to sink further into sub zero territory. The conditions on roads during this busy Holiday Travel week, very dangerous. And this storm system responsible for dayal Car Accidents in kansas and missouri. And a small plane skidding off the runway there in indiana. Wind chill advisories in effect across new england tonight. We
Individual donors, and thats dramatically down. Nonprofits wonder if people dont have more to give after donate to go Natural Disaster like hurricanes, and the fires in california. We also dont know if the new tax law is causing people to pause and rethink their strategies at the end of the year. Reporter its possible the new tax law is prompting people to prepay their property taxes, due in april, and now theyre cashstrapped. In 2018, the standard deduction married couples filing jointly can take is increasing from just under 13,000 to 24,000. Theyre going to get a free deduction of 24,000. So they may not need that charitable deduction to get them up to that level anymore. Reporter Second Harvest food bank hopes people will still want to give. Their depending on it. There are certainly a lot of changes as a result of tax reform, including property tax and mortgage deductions. You can read all about it and hear what local accountants recommend at our website, abc7news. Com. Starting o
The officer discharged their firearms. Reporter police are not saying how many shots were fired or how many officers were involved but no officers were injured. They say the suspects gun has been recovered here at the scene. He was taken to the hospital where he did die. Oakland police wear body cameras, so theyre going to be reviewing the footage, as well as Surveillance Video from nearby buildings. Officer watson says this is the third officerinvolved shooting so far this year. She says the homicide, internal affairs and the District Attorneys Office are all investigating. Well have more details of the Police Department plans to hold a News Conference later this evening so well have more tonight on abc7 news. Live in west oakland, carolyn tyler, abc7 news. Thank you. An arrest has been made for two thefts of bay area news crews. The robberies happened as the reporters were following up on the death of kate steinle last month. Cornell bernard is live with the developments. Cornell . R
And target amendmenazon a new report says theyre to blame for keeping wages low for the american worker. Well debate that when power lunch begins right now. Welcome to power lunch im Michelle Caruso cabrera. The dow and s p 500 setting record intraday highs. Dow would be higher if not for j. P. Morgan and Goldman Sachs which are lower. J. P. Morgan reporting numbers this morning, the nasdaq is on pace for its best week in two and a half months the. Dow and the s p 500 on track to post their biggest weekly gains in seven weeks check out the movers walmart and boeing are higher on upgrades gap is higher, retail stock being added to j. P. Morgans focus list and a number of wellknown names hitting new alltime highs facebook, mastercard and ebay among them and we begin with j. P. Morgan. That story that tyler told you about. Ceo jamie dimon going off on washington during an earnings conversation call with analysts blasting the d. C. Dysfunction and the impact its having on the economy. Wilf