The president did sign an executive order that could lead to new sanctions, the North Koreans threatening to test a hydrogeneral bomb over the Pacific Hydrogen bomb over the pacific. Ralph peters is here, hell give us the threat assessment on north korea. Plus a congressman from North Carolina with a preview of next weeks house go pucks tax re gop tax reform rollout to. Health care and Technology Stocks have been dragging markets a little bit lower, if emphasis on a little bit. Less than an hour to go until the closing bell. Im Connell Mcshane in for liz claman. Lets start the countdown. Connell want to go to some breaking news thats coming in as we get started this afternoon from President Trumps twitter account. This is businessrelated, a bit of a shoutout to American Airlines. Its chairman and ceo, theres the tweet thank you to doug parker and the American Airlines for all the help youve given to the u. S. With hurricane flights. Fantastic job, says the president. So calling out an
But thats just for today. As we move forward theres a long lasting dry spell on that tenday forecast. Heres where we are right now. Were at 59 in philadelphia, but cooler north, 53 in pottstown and 47 now mt. Pocono. 57 in millville and we have a few 60s up against the shoreline, moderating effect of the water keeps it a little warmer this time of year. On radar and satellite view we have a few isolated showers that rolled on by overnight. Those have since moved out thanks to a cold front passage. Now were talking mostly about the cool air filtering in and just some spot showers that may pop up in the afternoon on the backside of that system. So heres the next few hours. In philadelphia were at 59 now, but 57 by 8 00 a. M. So a little dip here as we hit the official lows. Then we start to pick up. 11 00 a. M. Up to 63 degrees. The thing is we dont pick up much more than that for the afternoon highs. And winds theyre on the breezy side too. Notice about 15 Miles Per Hour through 11 00 a
Good morning. Right now President Trump is on his way to las vegas to meet with First Responders and the victims of the shooting. The president says this is a sad day for him personally. President trump and First Lady Melania Trump left the white house more than three hours ago. As they were getting ready to depart the president had this to say about their visit. It is a very sad thing. We are going to pay our respects and to see the police have done a really fantastic job in a short time. They said authorities are learning more about the gunman and the shooting. Those details will be announced at an appropriate time. The motive for the massacre rema remains a mystery. They learning more about what happened before and during the shootingment we are seeing more video from the shooting massacre. It shows Police Officers trying to save lives as gunfire rained down on the crowd. Get out of there. There are gunshots coming from over there. Go that way. Go that way. This morning we are also
Comments from Steve Mnuchin about tax reform and stocks that investors are talking about. Tax reform or look out below is that what we need to start thinking about well, i think, number one, we dont want to pass a tax bill just to support the market markets are up 80 of the time, number two number two, its an irresponsible comment by mnuchin and number three, the u. S. Market is lagging other markets around the world, so theres no or very, very little expectation that a tax plan will occur and that it will occur thats going to impact this market. Heres Steve Mnuchin with these comments there is no question that the rally in the stock market has based into it reasonably High Expectations of us getting tax cuts and tax reform done it also has based into it amount mitchell on regulatory relief which they have begun to see, and theres expectations, so i think to the extent we get the tax deal done, the stock market will go up higher, but theres no question in my mind if we dont get it done
Stocks and a retreat from record highs in the premarket. Amex, nike, and apple are all leading the dow lower. Plus, a big change at the top of American Express. Ken shenalt is stepping down after 17 years at the helm and 30 years later, lessons for black monday for todays stock market as stocks continue to break new ground we are set to open lower after wednesdays rally, in which the dow closed above 23k for the first time in the meantime, two dow components out with Quarterly Results this morning verizon posted revenues above consensus, helped by some Strong Performance in smartphones travelers, better than expected results, although it did suffer 700 million in catastrophic losses related to the hurricanes, harvey and irma. This nike downgrade, guys, is going to take some wind out of the sails, too you know, its funny. I question the value add of the downgrade. Which is, by the way, goldman. And the reason i question the value added, theyve got a big Analyst Meeting come up. Its all