Tax reform and infrastructure plans coming to focus blake bur man has the latest from the white house for us. The president also accusing china of being caught red handed helping north korea claiming there will never be a peaceful solution to the north Korean Nuclear threat if china keeps acting the way it is. Cliff may is coming up with the analysis on the latest threat. The dow headed for its 71st record close of 2017 with one more session remaining. Dow 25,000 and it could happen maybe not today but certainly tomorrow. We are less than one hour to the closing bell on wall street. I am Lauren Lauren simonetti in for liz claman. Were at the countdown. Breaking news, softbank has successfully bought a large sake in uber the wall street journal is reporting this deal values the Ride Hailing Company at 48 billion which is about a 30 discount to its most recent valuation which was almost 70 billion. Meanwhile on wall street the dow racing to another record close again, this would be the 7
Im wilfred frost. The last show of the year. Last trading day of the year last friday of the year. Lets look in on what the Global Markets are doing. Dow jones called slightly lower as is the nasdaq s p slightly higher. We are heading for slight gapes for the week month to date gains for all three indices. The ninth straight month of gains for the s p and the dow. Sixth straight month of gains for the nasdaq lets look at the dow. Good quarter this quarter has been we have the dow up 11 the s p up 7 . Nasdaq up 7 fantastic quarter for the dow. The Consumer Discretionary the best sector in the s p so those good numbers were starting to hear about for the Holiday Shopping season, maybe they were priced in. Those stocks with a good quarter. Lets look at the nasdaq yeartodate, up 29 the dow up 26. 5 the s p up 20 been a fantastic year. Tenyear treasury note, yields have slipped this week up slightly this morning, 2. 42 in the course of a week yields have slipped significantly were back abov
Starts as early as 5 00 a. M. Saturday. And with the extreme cold goes through 8 00 a. M. On tuesday. Another long lasting thing here, the snow not amounting to a whole lot, a coating of two inches. But slippery on untreated surfaces because the roads are so cold and dangerous. Subzero wind chills as we head toward new years eve and new years day. Timings just not very good. Nothing on the radar close by. We do have a significant area of snow coming through the midwest, hitting the chicago area right now. Its a fast moving clipper system. It has limited potential, but there it is covering much of the area, even by 5 00 a. M. Some of the western suburbs. By 8 00 a. M. , covering most of us and lasting for several hours through the midday hours, possibly even into early afternoon in some spots. Not accumulating a whole lot, but were talking about slippery conditions. A coating to two inches. Its the fluffy kind of snow that would be blowing around in the wind. After that, it gets brutall
Were bringing you Live Team Coverage tonight from philadelphia to berks county and Atlantic City. Well begin here in studio where its a little warmer. Glenn, first snow and then more brutal cold . As low as those feels like temperatures went in the core of this cold blast, its going to be worse by new years day. Up here in camelbin back and poconos, its going to be feel like its 20 below zero on new years morning. The first alert covers the entire area as weve been saying. Its a double whammy here. The snow part starts Early Saturday Morning and the worst of the bitter cold ends about 8 00 a. M. On tuesday. Subzero wind chills through much of the area with this cold air mass. The amount of snow, not as big a deal as the slipperiness. Its moving fairly quickly, its a sure bet its coming in. Its a sure bet its not a major storm, but it may only take an inch to cause some roads to be slippery. There it is, 7 00 a. M. Its just getting started. And once it does start, its a steady snow for
Times. And nearly half of American Consumers are returning a holiday gift this week. Find out why retailers are competing to make returns easier. We begin this morning with a look at todays eye opener, your world in 90 seconds. Were he at the scene of an unspeakable tragedy. This will rank as one of the worst losses of life to a fire in many, many years. A deadly fire stuns new york city. 12 people have died. Were shocked by this loss. I hate it. I hate it the. Millions are bundling up to ring in the new year in bonechilling temperatures that are gripping much of the great lakes place and the midwest. Trump tells the New York Times he thinks bob mueller will be fair. Cities around the country are facing security ahead of new years eve. All hands on deck for new york. Certified doug jones as the winner of the special election for the u. S. Senate. Theres a 1 in 15 billion mathematical chance that was not correct. Apple is apologizing for secretly slowing down apple iphones. Its going to