The nasdaq got spanked and slit 1. 6 but the average value 29 points in an it is passion of the upcoming rate cut, the first in ten years allow me to set the stage, on wednesday fed chief jay powell will give us the read on the economy and announce a quarter point rate cut to breathe now life into a business situation for many different industries. I know there will be sticklers that say with unemployment with the lowest level since the 1960s, it is ridiculous for the fed to think about cutting rates. Others like President Trump think a 25 basis cut isnt enough the president endlessly tweeted the Federal Reserve is way too tight monitory policy has been holding back the economy did it again today when your Interest Rates are too high, the currency gets stronger versus the rest of the world our rates are much higher so the dollar is very strong and makes the internationally Oriented Companies far less competitive and can hurt the Auto Industry and housing industry both of which are weak
Right now at 11 00 oclock dangerously low temperatures grip the region and its only going to get worse. We may be waking up to record lows. All throughout the night weve been dealing with powerful winds and subzero wind chills were tracking more snow on the way. Good evening everyone. Im natasha brown. Thank you so much for joining us tonight. All arch diocesan Elementary Schools in philadelphia will be closed tomorrow because of the dangerous cold. And on top of it all a winter storm watch has been issued as well as we track more snow for monday night. Lets get right to meteorologist Justin Drabick hes been very busy tonight. He has more on the possible record cold and that snow. Justin . Thats right, natasha. Still tracking gusty winds across the dealing. Dealing with brutal wind chills overnight. Not nearly as last night. Probably kept you up in many locations across the region but these were our peak wind gusts early sunday morning. We made it up to 66 Miles Per Hour in cape may. B
Its head coach records 1,000 wins in his career and he does it in front of a home crowd. Good evening everybody. Im joyce evans. Im dawn timmeney. Herb magee is in his 48th season as head coach. Fox 29s brad sattin was there asthma guy made history. Reporter easy to see right off the bat herb magee doesnt seek out attention n fact he may even ab little embarrassed by it. But on the day hes trying for win number 1,000 theres no way around it. Hes worth take your shirt off for. Hes the idol. Its all about basketball. What does that tell you about him. I dont think i dont know. Hes a really awesome guy. Reporter surrounded by a team an game hes devoted his live to. Former players and College Buddies wouldnt miss this one remembering his old playing days. Threepoint play were alive when he was there hed have scored 4,000 points. I mean he could he just could shoot the eyes out of a basket. Reporter and you could see it in his players actions this win would be for him. Close first half agai
Right now at 11 00 oclock dangerously low temperatures grip the region and its only going to get worse. We may be waking up to record lows. All throughout the night weve been dealing with powerful winds and subzero wind chills were tracking more snow on the way. Good evening everyone. Im natasha brown. Thank you so much for joining us tonight. All arch diocesan Elementary Schools in philadelphia will be closed tomorrow because of the dangerous cold. And on top of it all a winter storm watch has been issued as well as we track more snow for monday night. Lets get right to meteorologist Justin Drabick hes been very busy tonight. He has more on the possible record cold and that snow. Justin . Thats right, natasha. Still tracking gusty winds across the dealing. Dealing with brutal wind chills overnight. Not nearly as last night. Probably kept you up in many locations across the region but these were our peak wind gusts early sunday morning. We made it up to 66 Miles Per Hour in cape may. B