settling in. killing at least 47 people across nine states. that number is, sadly, expected to rise. buffalo, new york, has been happens the hardest hit. they are used to storms, but not like this. this is a hurricane whipping up heavy, blinding snow, and many roads are still impassable. people were trapped in their car, people are still being pulled out of their car. people are being found dead in their car. that s how crippling this storm was. the storm has also made a mess of post-holiday travels. plus fountains as star south as new orleans still frozen over, but warmer temperatures, they re coming. we have crews covering every aspect of this crippling weather. first, let s guess to miguel marquez, who is on the phone trying to drive through this storm to buffalo right now. miguel, tell us what you are seeing on the road there, what are you hearing from officials. reporter: try as i might, i do not think we ll gets to buffalo. buffalo is synod in. for a city so accus
Ahead of tomorrows key inflation data. Amazon the first record close since 2021. Thats one day after hitting a fresh 52week high. It was fresh, jim. Lets begin with the ongoing ai revolution. Last night on the social media platform x, elon musk weighed in on the Rapid Development of Artificial Intelligence. My guess is that well have ai that is smarter than any one human probably around the end of next year. And then ai the total amount of compute of ai i think will probably need all of humans in five years. Well get a lot more today, jim. Google cloud ceo keynote at note. I love tom curran. Hes been doing a good job. Dont call him tom. I will not. I spent a lot of time at ttc, the nvidia conference. We talked so much about when theyre going to be smarter. They are already. Surprised what musk said. One of the things that jensen said put your 100 smartest people together in a room and its smarter than they are already. Its just smarter. By the way, anything that can be done physically,
Sue herera. And im Bill Griffeth in for tyler mathisen. Welcome aboard. Thank you. Here on wall street today, the s p 500 and the nasdaq closed at records on this shortened holiday trading session. But we begin tonight with retail which helped push those indexes to new highs, as investors bet on a strong start to the holiday a critica period for that industry. Lines were long at some stores on this black friday. Early estimates say shoppers could spend more than ever before. And Retail Executives are hoping that that turns out to be the case, especially since unemployment is black friday was very strong online as well as the traffic that came into our stores last night and that are here today in our stores. So a good start to the whole black friday shopping season. Our margins at brookstone are up. The inventory is cleaner. The inventory arrived later this year, on purpose. And so now we have to come through. We have 2,500 people waiting at the front door this morning. Early indication
Time, unless its their stocks were talking about. Theyre interacting in ways i didnt think possible, going up in tandem. How positive is that every night now, i keep highlighting the bizarrely bullish ways that stocks are trading. Sometimes theyre totally in your face. Like this simultaneous move in the price of oil and Airline Stock which ive never seen in almost 40 years in this business its the type of thing that can really get the markets animal spirits roaring as it did once again today. Dow gained 206 points. S p climbing, and nasdaq falling. 081 . Look at this oddity. Lucrative set of circumstances because i want you in. Not excited because thats not rigorous i want you to understand how rare things are that are happening right now. Airline stocks surged because of terrific numbers out of delta. Many thought delta was doing poorly surging up nearly 5 Airline Stocks gone from nearly most expensive because of endless losses to nearly cheapest save the autos because investors cant
Holding company with that name, alphabe in an effort to shake up the way the firm is organized. And the new Holding Company will include the business that google is best known for. Search. The news which came after the close of trading sent shares higher initially in the afterhours session, as you see there. John ford is here with what this move means for the company and for shareholders who either own the stock directly or through etfs and funds. Was this reorganization in any way rumored and what does it do . Not rumored at all. Had to do a doubletake to make sure this was real. This company,indeed, called alphabet, within it will it exist google inc. And that company has a new ceo. Larry page, the former ceo of google is going to be the ceo of alphabet. The ceo of google is going to be a guy named Sundar Pichai, served as googles chief operating officer up to this point. As of q4 he will be the ceo, including under his watch will be, yes, search and pretty much all of the revenue pr