And have we reached peak pessimism on china . Thats the question Ruchir Sharma is asking as wall street does cut its growth estimates for the country this year. Topping the tape for us today, the august cpi print, and what it means for Interest Rates. Our next guest worked for the fed for 24 years, thinks well see a pause at the Central Banks september meeting, thats next week. But he says its a coin toss as to whether were completely done with rate hikes. Joining us now is macro strategist, vincent reinhardt. Good to see you. Not so much for the market, 50 50 on november and december, ahead of the Inflation Report, out of the Inflation Report. I feel like if youre a hawk, this number sort of backs up your case, because it shows that we are susceptible to hotter than expected and stickier inflation, but if youre a dove, it backs up your case, because the trends continue to point to disinflation. So what do you do with it . Thats the great thing about an economic report that runs 43 pag
Here we go. The first snow of the season ant accumulate in parts of our area. Just look at it coming down in Sussex County, delaware. Look at the the trees. Thats not all. We check out the boardwalk in wildwood, new jersey. A blanket of snow there. And not. Thanks for joining us tonight at 11 00. Im dawn timmeney. Time to put down that leaf blower and pick up your snow shovel. Winter storm is sweeping our area. We have Live Team Coverage for you. Our brad sattin down at the shore with everything you need to know to get prepared. Dave kinchen is on top of Road Conditions lets start with meteorologist Scott Williams with what areas will see the most snow, scott. There, dawn it looks like areas south and east of philadelphia in particular southern sections of delaware and sections in south jersey away from the immediate coast. But look at ultimate doppler a lot of moisture moving through the carolinas and virginia crossing the chesapeake into southern delaware and also into Cape May Count
Ft 100 of fractionally. Asia overnight markets are lower with the exception of japan which was up about a fraction. Devastation in puerto rico. The entire island this morning is about power after Hurricane Maria slammed catastrophic flooding. Very serious. Both territories are basically without power and will be for a very long time. They both had very fragile power systems. We dont have a good handle on the search and rescue at this point from the standpoint of fatalities were people trapped theater folks are moving out as soon as the weather allows encoding to be performing delayed safety missions. Maria we are following marias path as the storm battered the dominican republic. A daring operation underway in mexico. Rescuers in a race against time this morning to free a little girl trapped under the rubble of her School Following tuesdays devastating earthquake. The latest from mexico city coming out. President trump continues to deliver strong message in your beard the commanderinch
Expressway and on to the garden state parkway. The cone zone today on the roosevelt boulevard, watch for crews working between bucks county line when is right there at philadelphia interchange of the turnpike down to red lion road, mass transit looking good, thomas, back over to you. Thanks, bobby. 4 01. Lets get to this breaking news in north philadelphia, police are investigating an execution style shooting, victim shot multiple times. Steve keeley at Police Headquarters with the very latest for us, hi there, steve report report homicide detectives were busy because they had a couple murders as soon as the sun went down so one around 8 00 and then another one, one were talking about here after midnight and this one is odd, because they get to this shooting scene we are showing you video of at 17th and cumberland and they say there is a lot of evidence on this scene. There was a lot of bullets fired. However, they dont find a shooting victim even though they see blood. Witnesses actua
With a bullet wound had been shot by his threeyearold nephew who just scene the gun placed under the seat before him. At some point, the threeyearold child got loose from his car seat, got hold of that weapon and fired it. One round was fired and it went through the driver. Reporter the bizarre story plays out this way. The gun owner an off duty Housing Authority cop has business in city hall. Not wanting to bring his personal 9millimeter pistol in, he places it under the passenger side front seat and leaves. The car is driven to arf where the grandmother seated next to the child gets out. The threeyearold described as big for his age acts. It appears he may have been watching the off duty housing officer has he was removing the weapon and placing it under the seat. Little boy just crying. Im guessing its the mother. It was a lady trying to console the little boy saying its all right, its all right. Hes going to be all right. Reporter the injured man is rushed to the hospital. The off