From pimco, head of asset allocation. We are going to now take a check 2 00. Kets at a couple of hours left in todays trading. For that we go to abigail doolittle. Lots of chinese internet stocks on the move based on actions i jp morgan. Baidu shares are down sharply, one of the worst drags on the nasdaq today. After j. P. Morgan downgraded to underweight, they say the core internet search business is under pressure as advertisers are looking to go to mobile platforms. A stock already down 10 this year. Well. Are lower as j. P. Morgan has downgraded this stock to neutral. Margins could be under pressure despite strong cash flow. Position on the sidelines or the sensel stance makes more with a 29 price target, which does suggest some upside potential. Traded, so itdaq is not influencing the index. J. P. Morgan called alibaba the chinese amazon. Com. 30 upsidere dead with a price tag it price target of more than 135. That is what is happening at the nasdaq. Doolittle at the nasdaq. Thank
After the ceasefire was announced. Russia continues to provide air cover for forces loyal to syrian president Bashar Alassad. Under the agreement hashed out between Russian Foreign minister sergey lavrov, and secretary of state john kerry, the air strikes will continue but certain groups will no longer be targeted. To that end we have also established a task force under the auspic awmps of auspices of. Reporter boat sides have agreed that i. S. I. L. And the el nusra front are legitimate targets, having been designated as terrorist groups by the u. N. So any eventually ceasefire will have no effect on the air war. There is no fire for us to assess. Weve had occasionally strikes on el nusra, those will continue because they are not party to the ceasefire. Instead has been primary focused on rebel groups opposed tod assad regime. Russia insists its battling terrorists. So a lot rides on who is labeled a terrorist. Translator well, if liberation of the city that has been taken by legal ar
Sales are picking up in northern nevada. John definitely, the horse power is back en vogue, and its a trend that tends to follow the gas prices. Carter and jenn fox are thinking about getting a truck depending on what they think is practical. Carter were just coming down to check out all the new models, everything in town. Weve got one newer vehicle but one we might be looking to replace and just seeing what was around. A lot of people are in the same boat. Record sales are expected to continue this year partly because people have waited longer to buy new cars. Jimmy in the past, where people would keep their cars 67 years, because of the economy, they were keeping them 8 to 10 years. Well, now theyre ready to buy. Some customers just like looking at the different makes and models at their own pace. Tom whats nice is you dont have pushy salesmen bothering you and you can look all you want, and touch, and open and get in, and not worry about them asking you to sit down for three hours.
Motorcycle actually cut through and got on the highway headed in the wrong direction, and then crashed headon into a van. The driver was seriously injured and is being treated at wake med. The driver of the honda was not hurt. This started after 2 00. The Highway Patrol says one of the troopers cited the motorcyclist going 75 in a 45 mile per hour zone. The trooper put on their lights, did a uturn, tried to pull the men over, but thats when they say eventually for a one before that head on collision. This motorcycle was traveling at a high rate of speed and putting his life as well as reporter we are told the Highway Patrol trooper did not follow that motorcycle once they got on the highway headed in the wrong direction. Not only is that putting the trooper and more lives at risk, but it is not their policy. We are working to learn the names of the drivers involved. Troopers tell us charges are pending. Abc 11 Eyewitness News. So many lives in danger in a situation like this, andrea. T
And severe storms continue, lightning, gusty winds in chance of tornadoes and waterspouts. Also i will let you know when we get a break from the active weather, details straight ahead. Yesterdays tornado the trail discussion, Broward College saw some the most dramatic, since the 12th cars in the parking lot. Every fleischmann was the first report on the scene, back there today with a look at the cleanup. Reporter it has been raining nonstop all day, not to clean up the mess left behind by the tornado. Several downed trees around the neighborhood and over here offense and a patio that were completely ripped up by the winds that hit up to 100 miles power. The residents working to get the damage cleanup. A dreary rainy cleanup day, the mess the tornado left Broward County. It was pretty intense. All the trees were blowing hard. A lazy shaken. Reporter neighbors are littered with debris. The weather splintered trees complex cars and damaged buildings. Were used to hurricanes but you have t