Credit suisse upping iphone estimates and earnings. Wells fargo being investigated by federal prosecutors. The latest on the controversy facing the company and what its ceo told jim earlier this week. If you want to watch nfl football tonight. Apple shares aiming for fourth straight day of gains up more than 9 so tar this week. Company announcing initial quantities of the iphone 7 plus have sold out worldwide ahead of tomorrows debut in stores. The same goes for the smaller iphone 7s in jet black. Also Credit Suisse boosting estimates for both this year and next. Its led the dow for two straight days. After all that misery having been added in march of last year. Tim cook came on mad money when the stock was at 93 and said, listen, its not the end of the world. Nobody believed him. Said it was a desperate act. 20 points later doesnt seem all that desperate. I think that whats selling we all have our checks with these. We know sprint came out very publicly. We know t tmobile came out pu
Pullback in almost a month we have not had big swings in stocks as of late. Thatght not be part of metric because we are down. Definitely coming up off the lows of the day. Note whereut with a he said it would be difficult after the latest recovery in stock to get a second wind. He thinks there are two main obstacles. One is that the buyback, companies themselves have been a big source of demand in stock. Also, corporate profits would be difficult in the coming reporting season. That means stocks will rally. Take a look here. This is the median strategist forecast for the s p 500 here and in yellow. There is a lot of pessimism over u. S. Stocks right now. The median forecast, 2150. This deftly a consensus at point that stocks will not be able to maintain gains. He is not alone at being pessimistic on specifically. This the change going into the earnings season. We have had about 10 Percentage Points in the earning estimates for companies in the s p 500. Is pessimistic. The caveat is, c
Theyre in the mid 50s for the most part. 54, west mt. Aries. 55 at fox chase and philly airport reporting 56 degrees right now. Not going to be moving very much during the day. This is what the radar looked like at 11 00 last night when we were getting pounded with heavy rain and thunderstorms. Especially bad from dover to cape may. That moved through. We had many hours of rain during the night. But now this main area has moved out. We still have the cloudy skies, and there are patches of light rain or showers back to the west. But nothing like what we saw last night. And lets see what the futurecast has to say for this afternoons rush. Just some scattered generally light to moderate showers. Clouds are still there. That will keep the temperatures down. And then a little more significant rain coming through again after 9 00 tonight. But again, nothing like last night. Tomorrow morning, its still cloudy. Theres still showers around. We are stuck in this weather pattern for a while. And
Paint wet from the exploding dipak. Police had four nearby schools shelter in place for an hour. There was another bank robbery just before this one happening in nearby cambridge. Police are trying to figure out if that robbery and the one here in arlington are connected. A tragic ending to the search for missing hiker. Search crews believe they have found a body in the river. She lives behind here. The hope she would return with a tale of some unexpected great adventure. New hampshire fish and game officials found the body this that tip today let searchers to area called garfield ridge. There had been heavy rain in conditions were treacherous. To he and the river. Neighbors are devastated they did not to talk to her. Whenever said she lived to get out in the Great Outdoors and do this 26 my on our 26 mile trek. The family asking for privacy. She worked for as a radiologist and they are also grieving. Some started off the morning with Severe Weather. The system has moved out, that is t
A little song from jared and the boys on thursday. Makes me want to put on my dancing shoes. Looking live at the airport. Great day to fly out of the bay area, san jose, oakland or San Francisco. Gets me excited to travel this holiday season. Absolutely. Not quite there yet, but some day i will. Im mike mibach. Gasia mikaelian. Sal is off. We have alex savidge. Thanks for having me. Weve got a good show in store. Live at the sierra, blue skies here. They have a lot of snow up there, so were going to check in with coop. I need to get up there. Are you going to sneak up before the new year . I dont think im going to be able to get away. Maybe after. I hear there is a new movie coming out as well today. I havent heard about it. What would that be . Well start with news as we always do. A human bone was discovered in a planter box along a sidewalk in San Francisco. Police tell us a woman found the bone while gardening in front of her home on mcallister street. Ktvu jana has more on the inv