Federal judge rules General Motors is not required to pay 450 million to cover medical benefits for its retirees. The car company had a contract to make the payment 2 years before gm went bankrupt. It is considered a defeat for the autoworkers union. And, fidelity is allowing investors to place bitcoins in their iras. Its the largest Investment Firm to go the virtual route so far. No one loves a selloff more than todd horwitz of average joe options. Good morning dr. Doom and gloom. How are you today . Good morning angie. How are you doing . Im doing well. Stocks were dropping yesterday. Did that play right into your hands . Really, im watching a couple of levels. I think that you gotta look for 1770 on the downside of the s p. 1790 was my first level and i think you look at 1810. But really until next wednesday when the fed actually announces i think were actually just going to trade in these ranges but i did think that we were going to work our way lower but it is quiet. It is quiet a
We still are below freezing in just a few spots. Santa rosa and a vallejo are all in the upper 20s. A lot of locations are momma. 40 degrees right now for downtown San Francisco. The temperatures will actually decline. Sunny skies ahead mid to upper 50s. As we head into tomorrow, we may see even warmer conditions. We will continue with this warming trend as we head into the weekend. I will breaks out your forecast coming up. We have better nils about an accident in San Francisco. South bond 11, the lanes are back read the bay bridge toll plaza has extended to the Macarthur Mayes, westbound 24. The san mateo bridge is not in good shape their back up to industrial. It is slow again on the span. The eastbound traffic is looking good in the golden gate is still looking okay. A bart is on time. Pappas, fire crews on the scene of a 4 alarm fire in concord. The fire is burning near a stand well drive and that is where we find kron4 Jackie Sissel. Theyre starting to make progress. You is still
Thanpredicted results but alcoas revenue fell short, and wds forecast was shy. Stocks rallied in anticipation of earnings. The dow gained 89, the nasdaq 6 and the s p 8. Gold added on 22 and oil lost 40 cents, ending around 103 per barrel. A muchanticipated vote happens today with fdic members potentially approving tougher rules on banks. Barnes and noble ceo William Lynch is resigning. Shares fell 2 when the news broke after the close. Lincoln ellis of Strategic Financial Group joins us now for a look at the headline stories happening on the trading floor. Good morning to you, lincoln. Good morning. Alcoas earnings are out. Does it set any kind of stage for corporate earnings this time around . Tough to say from alcoa, really. They beat on the top line, but the estimates have been continually ratcheted down three times, actually meaning only by a penny there. And they have been in the commodities space, so its tough to tell. Alcoas never really a great barometer of earnings, but they
Brian williams. Good evening, im ann curry in for brian who is still in the air after reporting in south africa. And we begin with stunning new details. Were learning for the first time about what may have contributed to a plane yash in San Francisco last july. Now expert witnesses say it may have been an example of a pilot relying too much on computers. Its what they call ought make addiction. Nbcs tom costello has been following this closely and joins us with details. Reporter this was a veteran airbus pilot at the controls of a boeing triple 7. He may not have understand with his superior in the cockpit, they didnt real ease they were flying 40 Miles Per Hour too slow and didnt take action until just seconds before the crash when it was too late. From the ntsb, new video showing the plane crashing into the sea wall, cartwheeling around and slamming onto the runway. We offer our condolences to those who lost loved ones. Reporter today they laid out a fatal combination before the cras
Wednesday marked the 10th anniversary of the fatal crash of Asiana Airlines Flight 214, an accident that killed three people and left almost 50 passengers seriously injured on July 6, 2013. What happened: Asiana Airlines Boeing 777 flight 214 was meant to arrive at San Francisco International Airport from Seoul when the plane hit a seawall while landing at the airport, causing it to crash, spin out of control and later catch on fire. Meanwhile, the third teenager, identified as 16-year-old Ye Meng Yuan, was found dead on the ground after she was reportedly thrown from the back of the plane.