Happening. Ha weve been getting light snowg h showers and its been enougheenu to accumulate on the ground inn a few spots. In ill have all thea fe details oa rather wintry friday forecast and some travel difficultiesiicl ervin going to let you know about. Erin. Light snow but black ice snow g big problems. Clarksburg road skyfox at thisrd location it remains shut down sn serious crash involvingnvolng several cars between and 270ena7 and 355. Problems along germantown roadnr as well. Well have the latest on what o areas you need to avoid andan use caution this morning. Morni. Your next look at traffic. Raffi. Allison and steve. Lets get right to your News Headlines this morning. Gen we showed you at the top ofes tf the newscast we have to go to new jersey for this one butne t were showing it to youit you because there are many m buildings involve in this firenh along the jersey shore. Sre several homes condo buildingsldn already destroyed in oceanoc grove thats just south ofats asbury p
Happening. Ha weve been getting light snowg h showers and its been enougheenu to accumulate on the ground inn a few spots. In ill have all thea fe details oa rather wintry friday forecast and some travel difficultiesiicl ervin going to let you know about. Erin. Light snow but black ice snow g big problems. Clarksburg road skyfox at thisrd location it remains shut down sn serious crash involvingnvolng several cars between and 270ena7 and 355. Problems along germantown roadnr as well. Well have the latest on what o areas you need to avoid andan use caution this morning. Morni. Your next look at traffic. Raffi. Allison and steve. Lets get right to your News Headlines this morning. Gen we showed you at the top ofes tf the newscast we have to go to new jersey for this one butne t were showing it to youit you because there are many m buildings involve in this firenh along the jersey shore. Sre several homes condo buildingsldn already destroyed in oceanoc grove thats just south ofats asbury p
European banks. Citigroup says it appears to be more companies than systemic. European equities are trading just under 30 minutes. There is your equities column. Look at the green gains. Norway, germany, netherlands. All rising because of the rebound in oil price on comments the russian president that russia is prepared to stake to take part in the freeze between opec and nato producers. These are your currencies policies currencies falling and bond yields. Look at brent crude. Up by 2. 5 . Getting to william hill. Shares up by 6. 5 , the most since july. Announcing it is in talks on a with ae combination poker stars maker. It would be the latest in a round of industry consolidation. 14 billion by the way has been splurged on betting Company Takeovers in the past couple of years according to bloomberg data. Another stock rising, shows up by 2. 8 . Proposal to buy the portfolio for 783 million pounds. Returning more than 700 million pounds. Interestingly, had previously agreed to sell t
Latest. How are stocks looking . Off ofstocks have come their highs little bit and we see volume slowing down a little bit. Nonetheless, still seeing a strong today rally. If you look at the groups that are moving, that has been pretty consistent today. Energy shares have in in this top spot consistently throughout the course of this session. Materials follow them and utilities are the laggard as we have higher yields which tend to be inversely correlated with utility shares. Commodities, Oil Prices Pushing Higher after we got the weekly inventory report showing a continuing drop in production and a drop in inventories that was larger than estimated. We see more risk on going on in the markets and a selloff in gold for the Third Straight day. The u. S. Dollar taking a pause after the recent rally we have seen in the greenback. Losing a little steam in todays session. Some momentum indicator showing it was getting a little overbought. Yields, we have a flattening yield curve continuing
The s p getting closer to its record of around 2130 on a closing base. The dow up about 67 points but the nasdaq has not managed to gain much traction on the day. Take a look at the s p since the record closed may 21. We are less than a percentage point away from that record close. It is 2134 if you are looking for the intraday record. We will be watching to see if the s p can rate attainment. Ain it. T but get back to the nasdaq as we have seen it bounce around. It is a tight range even though it looks like a big drop and recovery. Its seem to attract does seem to have tracked pretty closely with oil prices. The pattern that you see is quite similar. Oil still hanging onto a gain and holding above 50 a barrel. It has been a level that has been difficult for oil prices to hold. Also we are watching transportation stocks. They are rising at the same time that oil is rising. Thanks in part to the airlines. Pointing out jetblue has raised its domestic fares and other airlines have matched