President trumps criticism . Yesterday the president called for lower Interest Rates just like our foreign competitors. Event that far from now the market opens, interesting on the day impeachment hearings to start, stock prices are out at record highs in the dow jones will be down about 80 points. Closed unchang. Statistically unlikely, but it happened and s p 500 down about a, nasdaq down about 20, no serious selloff at the opening bell a halfhour for now and then there is this, extraordinary scenes from hong kong overnight. Battles on the streets. The city, paralyzed the Central Business district shut down. Schools closed. Its open warfare, a revolt against beijing, serious stuff. You are about to see a important day. We will find out if the democrats really can convince voters that President Trump should be thrown out of office and we will find out if the economy can keep growing in the stock market keep rallying. Varney co. Is about to begin. Stuart moments ago we set it, its open
Country. More than likely the stock is in your 401 k whether you realize it or not. The Stock Plunged more than 3 today on twice its average volume. Chief investment strategist at money mat press, Keith Fitzgerald is with me. Analysts are worried about iphone saturation and some say iwatch sales are not tracking as hoped. What is your view on the stock . There are two things at work. First you have institutional component. 4 of the dow, roughly 12 of the nasdaq. Anything related to that in institutional portfolio or index basis or some sort of a simulated basis will come under pressure so theyre simply rebalancing a lot of individual investors are saying who whoa, if it goes down this much i want to get out. That is sign of capitulation. I would be looking to buy actually. You would be looking to buy. There have been other times where apple has broken through this 200 day moving average. That key line a lot of technical analysts do watch and obviously come back and rallied. There has e
Weather creating problems across the country. First off mississippi. Several People Killed when twisters moved through. In our area its not the holiday getaway anyone hoped for on one of the busiest travel days of the year. Drenching rains leaving cars almost underwater in bayside. Expressway. Slow going. Now were getting ready for warmth. We have several reports. We begin with meteorologist lee goldberg outside our studios on the Upper West Side. Weve been getting soaked for about eight hours now. Thankfully this is the last in the train of downpours coming through. Reporter it is the caboose. Weve had a lot of record warmth. Rain. Look at lower manhattan. The cloud cover down to 300 feet. So the low visibilities will be a concern. 64 degrees right now. An inch and a half in new york city. The record for the date is 1. 6 inches from 1913. You can see the back ems approaching new york city. Weve had thunderstorms over the east end over the past hour. Now theres heavy rain over upper ma
Breaking news on this christmas night. It is tragic. Three people dead discovered inside a luxury highrise building in new jersey. Good evening at 11 00. Im bill ritter. Sade is off tonight. Three bodies, as far as we know thats it. Was it an accident, or was this a crime . The story unfolding right now in edge water overlooking the Eyewitness News reporter josh einiger on the scene with the breaking news. Josh. Reporter in the last few minutes, bill, we heard from the Bergen County Prosecutors Office that they are classifying this as a murder suicide, but the details and information about who is involved, the ages, not yet clear to us. Its an enormous scene. More than a dozen police right on the hudson river overlooking the George Washington bridge. Apartments here go for between 2,000 and more than 7,000 a month, according to the website for this particular complex. There was a report at around 8 00 tonight of bodies discovered inside one of these apartments, and in the past hour the
Holiday will shape up. Lee goldberg is in for bill evans and his accuweather forecast straight ahead. Good morning on this Christmas Morning, im Lauren Glassberg and im bill ritter. Were all in for ken, lori, bill and heather. We are not a law firm. Just sound like one. First we get a check on the accuweather forecast from meteorologist lee goldberg. Good morning lee. Speak for yourself. I have a nice clientele after all these years. Merry Christmas Everyone. Great to be in for bill this morning. Its one to remember, our temperatures have been through the roof. If you werent with us last night, check this out, Christmas Eve was only 3 degrees cooler than july 4th. Pretty unbelievable, and now as of 12 31 this morning, the warmest christmas on record at 66 degrees. Pretty amazing. Last year was pretty mild too, 66 and a little bit of rain. The George Washington bridge, 61 degrees right now at 7 18 in the morning on christmas. Chill in the northwest suburbs, sussex 44, 61 in the park. Vi