The latest trend in fashion. , whichs a trend growing are u. S. Companies bringing their cash back from abroad. We know apple is the big one. They are going to be bringing billions of dollars back, which means theyre going to pay 38 billion in taxes. And that is really, for lawmakers to pass the tax reform, that is the eyes on the prize. They have built up this much money overseas, when are they going to bring it back, and how much is it going to bet go back how much of it is going to go back to the economy. In creating jobs, which is most important to the white house. Those numbers that were highlighted in the press release if you look underneath the hood, theres questions of how much is going to be repatriated back and where it is going to go . A lot of the money is in the denominated dollars. And will other Companies Follow as well . In the meantime, another note on that, apple is spreading the joy, with employees getting bonuses. We also have overall stocks up, and a wild ride that
You look at what has gone on with employment at whats gone on with the stock market. We have created now almost 8 trillion just in the stock market. Maria games to show you. Our industrial better then 100 points. Also in positive territory. A weakness on the selloff yesterday. Down 15 in paris. 27 points lower. In asia overnight as you see the shanghai and hang seng up on the cost be lower. Call it the crypto crash. Plunging as much as 25 just above 10,000. My one investor says hes not going anywhere near this craze. Shocking footage out of baltimore. Police engaged in a shootout while stopping a robbery at a 711. The latest as they hunt for the suspect coming out. Winter weather slamming the United States. Hundreds of Flights Canceled in the south is the threat moves north. What you need to know this morning coming out. One thing for sure. Not as bad as it is in russia. The shocking temperatures causing eyelashes to freeze. Plus, is it the end of General Electric as we know it . The m
Sources say the dc to boston train was traveling at more than 124 miles an hour moments before the separation. Amtrak says 52 passengers were on board. They were put on another train. No injuries. This picture shows the it happened an area where passengers can move between cars. If someone would have been crossing from one car to another potentially they could have fallen through the separation. The former chairman of the ntsb. I certainly would like to see a top to bottom examination. That may well have to include a safety stand down. Everything comes to a stop. Staff is, focused and refocused on, on safety processes, Safety Management systems. Reporter this incident days after two amtrak employees were killed and 116 injured when the silver star train derailed outside columbia, south carolina. Last week, a chartered amtrak train, carrying republican lawmakers hit a truck on the tracks killing one injuring six. In december this amtrakoperated train going twice the speed limit when it
Im seema mody im dominic chu we are seeing green this morning, a nice reversal from yesterday. The s p is latslated to open 1 points to the upside the dow slated to open up about 130 points, the nasdaq by 35 also checking in on whats happening with the tenyear, 2. 8 4 we see 2. 835 the last trade of the tenyear a key piece of inflation data out today, the Consumer Price index could have an effect on that bond market lets check the temperature overseas in asia stocks are relatively higher with japan being once again the exception. Thats on the back of a rising yen which is at a 15month high against the u. S. Dollar. We also got data out overnight in japan, growing at a pace of 0. 5 last quarter, thats slower than expected, but still its eighth consecutive quarter of growth hang seng, shanghai composite and kospi seeing gains of 1. 2 the hang seng helped by tencent shares a lot of these tech names in asia that sold off last week did rebound overnight. Eurozone gdp hitting the tape, up 0.
Day, and also well see the wind out of the southwest. Thats going to help boost temperatures even warmer. 40s this afternoon. By 11 00, 43 degrees. In the mid to upper 40s this afternoon. On track for 50 in new jersey. It will be dry in new jersey, dry in philadelphia, we could see scattered, light rain showers with the high of 45 in the suburbs and 46 with scattered showers in the Lehigh Valley. Youll find sunshine at the shore, up to 48. Ill break the forecast down hour by hour and show you when you may need your umbrella during the day when im back in ten minutes. First, Jessica Boyington, shes got your first alert traffic. Thats right. And another accident here. Were watching on 422 this time around 1st avenue. You see the turnpike. This is where the area is, eastbound. Its traffic moving toward the schuylkill expressway. We have one lane getting by. Everybody is merging together to get through the scene. Theyre blocking the right shoulder and the next lane over. Watching the crash