Hours. Thick fog. And zero visibility. Quakertown and koetszville. Dense fog in allentown and reading. Down to under a mile in blue belle. Look at Philadelphia National could lead to delays there. South jersey and delaware not seeing the fog. Youll see some neighborhoods with light fogging. But not the thick fog that most of pennsylvania is getting. Temperatures are warmer in new jersey, 54 degrees. Cooler in lehigh and philadelphia 48 degrees. Clouds to start with. We will see sunshine this afternoon, looks like the clouds will linger through the 8 00 hour. By 8 00, the fog will be easing in the area. Later this afternoon, get ready for the shorts and flipflops. Somebodys going to be wearing them. 72 degrees this afternoon in delaware. Into the low 70s in delaware, too. Ill break it down hour by hour when i come back in ten minutes but first, lets see how the fog is affecting traffic with Jessica Boyington, with your fs 23 first alert traffic. And upper moreland, east road, southbound
The impact on the markets. Fed chair jay powell steeping out on cap hill. He signals the fed will keep raising rates. On that note lets go to senior economics reporter Steve Liesman for more highlights. Thanks very much. Yeah, fed chairman Jerome Powell in his first testimony before Congress Says that he doesnt believe this is going to happen, but one of the risks out there is an overheating of the economy. And he opened the door in a very subtle way to a possible fourth rate hike. Saying, you know what, the economy is strong. Weve had fiscal stimulus. His view on the economy strengthening as well. Heres what he said. Weve seen fiscal policy become more stimulative. So, i think each of us is going to be taking the developments between since the december meeting into account and writing down our new rate path as we go into the march meeting i wouldnt want to prejudge that. Heres what jpmorgan says about that economy todays comments appear to open the door for others on the committee to
It was a good day. European markets have been reacting to the day we had on monday and, they are all losing to the tune of lets call it over 2 you can see germany dax have been particularly weak not just yesterday but last week as well. The german what they should be higher than ours, their central bank loves to try to take business. They have not reached those negative rates yeah. Speaking of rates by the way, it is such an enormous concern i guess of our markets as we watch the 10yr hits a 4 and 5 last week on job number on friday we backed off on the yield as you can see that upton pri o price. Oil, that hurts now, on our road map this morning. It starts with the global sell off and the markets around the world. U. S. Futures you saw it pointing to another big day of potential losses with the stock market plunging of just whats driving this decline and what are you doing to protect your portfolio. Well look at whats taking the biggest hits or find any bright spots thats out there it
Chan change, which is why you have to stay with us europe has been open for some time yesterday after ours moved lower on sunday. There you see, italy is the best performer this morning the 10yr note have been hanging around 278 and there is wti and brent is trading as it does a bit above that lets get to our road map this morning, we are going to help you make sense of what suddenly becomes these wild swings. Steve wynn is out, he steps down as his role of ceo of wynn resorts. The shares of wynn are up. Disney reports better earnings at the bell yesterday well hear from the ceo, offering screaming apps and particularly the espn app. Futures are lower this morning setting the stage for what would be another volatile ride today for stocks. Recovering half of the losses for monday sell off. The dow traded in a range of 1,000 points on tuesday. It was up 500 points and down 500 points chris will keep talking about points percentage wise, nowhere near what we see in the past jim, people ar
Debate on whether investors should be buying this weakness before other banks report. Citi had been trading at an intraday high in the session earlier. Yes equifax shares dropping on reports of another hack. Well bring you those details and how the company is responding shares down about 1. 25 . As i said on twitter, whats left to steal. Im one of these idiots, if you may, who signed up for the whole thing. Yeah President Trump signing an executive order, you saw it live on cnbc, regarding healthcare. Well tell you whats in the order and well get reaction from that man, the former ceo of aetna, ron williams will join us to talk about whether he would if he was still running aetna, would he participate in the plan thats being brought up in this executive order . But we begin in washington with that surprise appearance moments ago at the White House Press briefing eamon javers was there to witness it he has more on the story youre right. It was a dramatic moment in the White House Press