Reporter looking live on sky 6 the Philadelphia International airport. The numbers have dropped off we have frozen splush slushes and black ice around. Pottstown, 21. Saint davids, 23. Chester, 25 degrees. The numbers south and east are equally as cold across the pine barrens and southern new jersey, millville, vineland, 23 degrees. Philadelphia 27. Satellite and radar, we actually have a few snow showers pushing through lakes erie and ontario. That will push off to the northeast. That wont affect our weather today. We have in control, High Pressure, the seasonable high for this time of the year is 42, 43. Were forecasting 46. A decent amount of sunshine high, thin clouds mixed in from time to time. 40 degrees by noon, 3 00 p. M. , 45 and 5 00 p. M. , 44. Gray when we come back in just a few minutes well talk about the small chance of snow in the sevenday forecast. Back to breaking news from philadelphias point breeze section, a cabby shot this morning on the job is now fighting to sta
Nasdaq has been meeting all day long, but over the course of the day, you see some volatility, a couple of dips, but then turning into recovery. Indeed, investors have had a lot to weigh. Earnings, Economic Data, looking ahead to tech earnings, looking ahead to tomorrows gdp data. If you look on the earnings , the snapshot of the earnings season so far. The is the busiest day of season, we have about a third of Companies Reporting in the s p 500. 50 of companies that have beat the estimates on sales. 80 when it comes to earnings. Growth, looking at sales for s p 500 companies, and average decline in stales sales of 1. 6 ,. . David i imagine investors are still it digesting the numbers we got from facebook. Julie definitely seeing that stock reaction. Looking at the euro there, but if you look at facebook i can tell you what it has done because we do not have the graphic. Facebook shares are up 16 at the moment. They have been bawling of the other Technology Shares along with it. Amazon
5200 northwest 26th avenue. Were still gathering details. Know two nearby schools, brownsville and erlington middle school have been placed on lockdown. Th lockdown has been cancelled. Back out here live you can see a horrific scene. The Miamidade Police department talked aboutp crowds of people being surrendering this area, so they thinkedded indeed there are witnesses. They do tell me, though, there was a what can vehicle seen leaving from the scene so if you have any information they want to hear from you. Reporting live, Shyann Malone, liberty city. Anine caught on camera, a teen targeted held up for his goldman and hugged right in the middle of the street, that victim just 13 years old, and tomake the situation even scarier it happened right outside of hisschool. Local10 News Reporter Liane Morejon live at the scene of the crime. Lian liane and, janine, you can imagine administrators here at the slam Charter School, they in fact, they sent all of the students home today with a let
Been looking at to see where the deals are. She is really looking at them and she will be with us today. That and more on a very busy hour of power lunch. First lets check in with sue at the nyse. We start with a scary sign at least for some. Trim tabs reporting inflows into Exchange Traded funds hit levels not seen since november of 2007. Stocks dropped like a rock from that date losing almost half of the value before bottoming out in march of 2009. Lets bring in bob pisani on that note. Those are interesting statistics. You could argue that is a bullish case and people are putting more money to work in etfs or look at the volatility in the market and say perhaps it is topping out in bearish side. November was a really big month. The s p was up 2. 5 . When you get months like that it happens. Secondly, we are seeing huge inflows of the u. S. Equities. The whole world wants to get into the united states. Europe is weaker, china is weaker. Money is flowing here naturally. The etf busine
Crude continues to fall. Some americans can watch for 2. 50 a gallon gas. Can halliburton defend its oil business . Retail sales better than expected. Nordstrom earnings beat. A number of downgrades to contend with this morning. A Richard Bransonbacked ipo at the nasdaq, Virgin America. Well have the first trade and interview with the ceo coming up. Oil the big story, below 74. Baker hughes confirming it is in preliminary merger talks with halliburton. The journal story said motivations behind the talks were unclear. I think we know what these boards are thinking. Justice department is very good when it comes to business to consumer. Theyll block a telco deal. Justice department has been tone deaf when it comes to the oil patch. They allowed Enterprise Partners to become a gigantic, basically own the natural gas liquids market. This would be farce if they let this deal through. The way you get halliburton to give you good prices to pit it against baker hughes. If at t were to merge wit