Good thursday morning. Business insider ceo henry blodget. Good to see you. Great to be here. A rally on our hands. The dow and the s p wiping out their losses for september. The industrials are leading the s p. Once again, henry, were at a stage where the fed acts, people who doubted their resolve get faked out, and a rush to buy again. Great to see a successful ipo. Always more fun when stocks are going up. I think from a high level as weve talked about in the last couple years, valuations are high. At some point if the economy keeps doing what its doing, chugging along, inflation keeps coming up, that will raise rates more aggressively. I dont think the outlook is great from here for a long time, but its in terms of equity valuation. I think so. Unless you think something has fundamentally changed with the Rate Companies can increase profits, which ultimately drive the market, over the next ten years, valuations are such well have very low returns from stocks on the order of 1 to 2
Most, more of localized zoom, wet weather tracking currently here, most notable across the lehigh valley, northwest suburbs generally speaking here. You can see obviously there is a lot of pretty colors showing up out there. We do have very light snowfall at this point, up toward the poconos, i saw couple of observation places like light snow up in northampton county. Pretty far north was if you there. You can understand why youre seeing little snow. Obviously coal enough to support it. At mount pocono, a relatively warm grounds, though, still in place here, so not going to see much accumulation though, did you see little bit of it that said up in the mountains over the course of the weekend. As we go forward in the forecast, though, that storm system is set to push through bringing with it generally scattered variety of showers, thunder store, brief, locally heavy downpour, the wind also going to pick up, expect that that breeze at minimum, breeze, or windy conditions, it will be runn
The trip with a mass. And thanked everyone for making the trip so efficient. A final wave on u. S. Soil, and pope francis historic tour came to a close. He boarded to rome just before 8 00, after ascend off by send off by Vice President joe biden. The pontiffs 6 day u. S. Visit cull mated this evening with a megamass, with a world meeting of families, 800,000 people packed in to pray. Pope francis called this a miracle in todays world. In the day, the pontiff met with 100 inmates at a philadelphia jay, some accused of murder or rape, and he held a close door meeting with 5 victims of child sex abuse. God weeps for the sexual abuse of children. One last ride in his popemobile. He stopped to kiss children on the head as he weaved. He is all about love. This is a once in a lifetime opportunity to be this close to the pope. Reporter one last address, during which he thanked everyone, and said his visit to ground zero was the highlight of the trip. I was very moved to stand with my brothers
Yesterday, cosbys lawyer accused one of his latest accusers of only coming forward to get some of his money. But the lapd chief says all of the cosby claims are worth looking into, even if they exceed the statute of limitations. Speaking to the press, thursday, lapd chief charlie said his agency is prepared to investigate sex assault claims, against bill cosby, even if he cant be criminally charged. Now, they could be using in civil recourse, or number of other things. We dont turn people away because things are out of statute. You come to us specially now with sexual allegations, you know, we will work with you. The lapd would not elaborate on the chiefs comments, but, former la county prosecutor steve mizer says, the move is unusual, unlikely, and possibly illegal. If lapd takes taxpayer dollars, uses them to function as private investigator for private plaintiff, that should be construed as an unlawful gift of public funds and it should be barred. That would apply to the woman who f
Karsashian. The surprising announcement on kim and kanye with how they went public with the big news. Fox 5 morning news starts right now. This is fox 5 morning news. Good monday morning to you. It is december 31st , 2012 new years eve. This is a live look outside right now. Hustling and bustling the closer we get. The crowds are coming. Good morning to you again. Im wisdom martin. And im sarah simmons. Lets say hello to Tucker Barnes barnes. The wind is out and the cold is here to stay. Cold moved in overnight. Yesterday was a chilly day. Much colder overnight with temperatures in the 20s. Were now at 30 here in washington. Wont be a terrible afternoon. Got a lot of clouds moving in from the west. Right now at Reagan National i mentioned temperature below freezing. Overnight low in town 29. So one of the first times this month weve been in the 20s. 25 at dulles. Bwi marhsall 29 as well. A little filtered sunshine today. Heres the good news, were going to remain dry even later this aft