Band bringing the heaviest snow from the Eastern Plains plane back into the western foothills. Weve waited all afternoon for the winds to shift from the east. That will aid us in seeing some of that heavier snowfall. Right now the Winter Weather and travel advisories remain in effect as we amy the snow to pick up with the wind after anticipate the snow to pick up with the wind after midnight. Maybe as much as 6 or 7 inches by the drive tomorrow morning, impactful with the Colder Weather and icy and snowpacked roadways. This storm system will move out rather rapidly tomorrow. For the rest of the evening drive expect the snow and wind to pick up a bit, temperatures hovering in the mid20s. So its not overly cold. Coming up in our main weather segment well give you that detailed overnight snow forecast and the drive tomorrow morning. We have clearing expected tuesday and then well look ahead to next weekend and the all important super bowl forecast, a lot of people asking about the forecas
Trade unions advance strike over labor reform plus. We meet the musicians hoping new visas will rocket them to international stardum. We begin the news hour in iraq where the finance minister has told al jazeera that mosul holds the key to defeating the Islamic State of iraq and lavonte and we will go to jane and she is live from the capitol baghdad, swha the finance minister been saying, jane . He has been saying with other iraq officials that they are on the defensive with reconstituted forces in battle with them but i. S. I. L. Holds the key city of mosul and its the capitol of their self declared state and its where they are acting as a de facto government and say its a long, long fight and cautioned against being hasty in retaking mosul but the man that is actually from mosul saying that planning is imminent and could happen before we think and what could be the biggest urban fight. I think the key is mosul. And its where mosul Security Forces collapsed or evaporated and this is w
Stocks, 25 of the 30 are positive so far today and were keeping an eye on energy again, as well. Exactly. Down here, one of the indexes that will often list up here on the boards is energy index. Look at that one off 122 points. Again, just reiterating the pressure seen, renewed on crude oil today and down another 3 settling around 55 bucks and change. Natural gas by the way. Its had a 10 move lower in 2 sessions. I was going to say. See how nimble they are in the booth . We know they are but lets see if they can show us natural gas because it is down sharply and for good reasons if you like warm weather. Yes. Correct. The socalled i95 corridor on the east coast expected warmer than expected temperatures over next ten days or so and thats taken the wind out of the sails, plus that inventory report of last week. Right. Flip side, not so good stuff with the Energy Complex is a move on the rating side you heard on the European Oil Majors and again some talk of whether we are seeing a bott
Point this year. But Stanley Fisher made it clear that the path ahead will be anything but smo and st. Louis fed president James Bullard also warned of potential volatility. But this time in the equity markets as the Federal Reserve gets ready to raise its benchmark Interest Rate. The temper tantrum in the summer of 2013 was all about markets being surprised that the fed was going to pull back on qe sooner than it thought. There was a mismatch between what markets thought and what the fed thought. And we do have some potential for that today. Steve liesman has more on vice chair fishers speech today in new york and the road ahead for rates. Reporter Federal Reserve vice chairman Stanley Fisher said the fed will likely hike Interest Rates this year but gave no clue as to what month, if he said it was june or september or some date in between or some date after, that essentially the increase will be from a fund rate to a low funds rate. Heres how he put it. When we raise the Interest Rat
Deals. If they go through, it would total 100 billion. First up the big one. Last night we told you about Royal Dutch Shell in talks to buy bg group. Today, shell pulled the trigger saying that it would buy bg for 70 billion making it the biggest deal in that industry in more than a decade back when chevron bought texaco in 2000 for 36 billion. Shares of shell finished the day lower by 3. 5 . Jackie deangelis has more on what this deal means tonight. Reporter a big deal announced in the energy patch today. Royal dutch shell buying bgs roughly 7 billion. Its the latest energy deal this year and one of the larger of the last decade rivaling when exxon bought mobile in 1998. Bg known for both oil and gas assets. The addition of those assets will boost shells portfolio by about 25 . For shell, the purchase of bg increases their oil and natural gas reserves as well as their Oil Production while bg brings to the table storage and tunnelling assets as well as tankers to move natural gas aroun