The average low temperature in the continental u. S. Today was 11 degrees, the lowest of the season. And in the west, there is a hopeful sign of a possible break in the historic drought. We have a series of reports on the severe weather, and first were going to go to chip reid in pennsylvania where many foablgs are spending another night in the dark. Chip. Reporter they certainly are, scott. And heres what caused a lot of this problem. This may look like snow, but its really not. It is ice, hard, heavy ice. And that hard, heavy ice stuck to the branches of trees, even big, healthy ones like this one, and brought them down, and when the trees came down, so did the power lines. In southeastern pennsylvania, thousands of power crews, some from as far away as arkansas, are working around the clock to restore power to hundreds of thousands of homes. Clarence and rosalyn watts of abington have been without power for two days. They are heading out of town to stay with friend. The hardest part
The Insider Trading program of sac capital. A former sac trader, michael steinberg, was convicted of conspiracy fraud for using illegal tips to buy and sell tech stocks. Joins me more before we get into the nuts and bolts, you were in the courtroom . There is always high drama. Anybody who has seen perry mason or law and order knows that they hand the jury to the judge and the judge hands it back to the jury and the four lady announces it. She was about to announce it and mr. Steinberg fainted. They had to take a break until they attended to his blood pressure. The forewoman said the subtext of emails was presented during the trial and i convinced her that steinberg knew he was aware he was breaking the law. Tell us about those emails. He said heiled was lying and making up the whole entire story, implicating his boss to save himself. A sickly, the government argued that there were emails that the two men had shared and swapped as well as instant messages and bloomberg messages, and th
The stage is set for him to run for president in 2016. Dont forget about the continuing obamacare disaster. Todays problem comes from the Insurance Companies on the federal exchange. They say the administration is forcing them to retroactively cover people wo dont sign up in time, and they may not be able to make it happen. A day after these angry tech ceos complained to president obamas face about nsa snooping, it now look like some changes are already in the works. All those stories and much more coming up in the kudlow report, beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. We live here at 7 00 p. M. Eastern, 4 00 p. M. Pacific. The fed taper and soaring stock market. Here is our very own steve liesman. Good evening, larry. Federal reserve essentially tea at least steps. a billion the treasuries. Second, announcing a schedule for tapering. About an even 10 billion monthly or every decline, every meeting. Third, very dovish guidance on Interes
Cliff. Our very own lou dobbs is not buying it. Adam our very own Nicole Petallides is on the new york stock exchange. Where do we stand right now. Right now the Dow Jones Industrials are down nearly 60 points. The nasdaq composite is down three quarters of 1 . Not a great day here. There are concerns about the fiscal cliff. We just have the deadline timeclock up again. We know that we have very accommodative feds. Lets take a look at some european markets. Finance ministers have been discussing things including giving them more power. These are some of the things that they are looking at closely. We had seen europe really pushing some new recent highs. That is something that pushed us along in the last couple days. Lori a showdown in washington. Sparring over a dead deal. It does not look like either party is ready to budge. Where are we now, rich we are still in the middle of a work in progress. That could be a little bit of an understatement. Democrats say they want a commitment fro
Lee, new jersey, where it all went wrong for new Jersey Governor Chris Christie. We have a live report from ft. Lee where that towns mayor is not very happy that the new jersey governor is making that those of you in iowa, why do you care . This is a man who is considered the front runner for the Republican National nomination for president in 2016. Is it all blowing up on him now . Were going to talk about that coming up. Ben white will join us. I want to hear what he has to say. And a scandal in the courtroom world. Alcoa hit with fines for corrupt payments totaling more than 100 million to a middle eastern country. Alcoa ceo cKlaus Kleinfeld will be here to join us. Also a ford executive knows when ford drivers are breaking the law because they track their owners with a gps. They know where theyre going, when theyre going and how fast theyre going. Ford says it does not share that data, but wouldnt Car Insurance Companies Like to know Something Like that . And wouldnt they pay dearl