People looking for work. My son said, there was at least like five or six cars out there, people just sitting and waiting. Reporter she tells us once the Fire Department left, two men walked into the house an gave her a sales pitch. I didnt invite them in. They came in. I needed help. Reporter she said she was still dazed by the fire and signed a contract. Now she is concerned they took advantage of her. I was devastated. I was vulnerable. Reporter the men at the house, called fire chasers. Two types of Companies Looking to make a buck when tragedy strikes. The Restoration Company board up the damaged homes and help rebuild. The Insurance Adjusters work with the Insurance Company with a promise of a wigger payout for you and a percentage for them. It is not illegal to run either business. They can help people. Not everyone appreciates some of their tactics. They get in the way. Reporter Andrew Thomas said they listen to scanners and often get to scenes before the Fire Department does.
Okay but heading into tonight, we start to see some accumulation but again, heavier accumulations close to pennsylvania line than what we see in cleveland and pointing to the west, you know what time it is time for traffic with patty. Absolutely thank you scott, good morning to everybody theha roadways doing okay, later volumes and we normally do as it is president s day, reports of another accident off the freeways east 55th and broadway. The other accidents today off the freeways so some of the side streets more slick and definitely the highways. The other accidents actually accident actually on the north marginal at 56. That is where we have a shot of it, the flashing lights up in the distance. That isi where the accident ms. Be off the roadways and not affecting along 90. This is a peek from west 25th, very little volume on this if you have to travel but watch some slick spots. Yvonne 60tcs minutes come, 471, northbound wayne and christie back to you guys. Topping the headlines Che
Even the nasdaq is in the green. It was resisting for much of the day. The s p 500 going above its 200date moving average, the technical a full technical level many traders have been watching good the dow is gaining strength as the day continues. The dow is green for the year as well. If you look at the yeartodate chart for the Dow Jones Industrial average. 2 , as we have had this run ever since a february 11. The s p is. 2 lower on the year. The nasdaq is up about 4. 7 on the year. We have been watching oil strengthen once again today. 7. 5 . What is notable is that it touched on both what he dollars a barrel for the first time this year. We have been watching oil for that reason. If you look at the total market cap of the United States, even with todays games, and this is as of the close last night, it still looks like we have had a lot in total market cap this year thus far. And little bit of recovery there but not enough to put that number into the green. Dallywhat helped lead the
Members have been since that last meeting and why the market is certainly so much trouble making sense of it all. Netflix has been sweeping the emmys lately. Now it may be ieng the oscars, the company out with its first feature film, it opens nationwide tonight. We have details on that and we will talk to a shareholder who is not real thrilled about that. Silicon valley darling being called into question. We have the wall street journal reporter behind the controversial articles on blood testing startup pharanos. Lets start with this story about china and the problems for billionaire steve wynn and his casino empire. Jane wells has that story for us right now. Guys, you know what happened with earnings yesterday, they were not good, they continue to be bad. If you told me a year ago that steve wynn would criticize the Chinese Government the same week he hosted Bernie Sanders and Hillary Clinton in las vegas, i would have lost that bet. Wynn has long been a china fan. Here he is one yea
Markets and the feds and beyond. Lets get to andrew with breaking news on valeant. Another turn, the drug maker says its ending its relationship due to the Specialty Pharmacy business practices. The company saying it has lost confidence in the ability to operate in a manner acceptable to valeant. In response it said it would shutdown operations as soon as possible. Cvs health care also dropped them. Cvs saying it will no longer use services after an audit found evidence of noncompliance. Now valeant has been facing a lot of pressure and is facing federal scrutiny as well on the drug pricing and distribution policies so this is a big issue. Also activist investor and one of the largest shareholders expected to hold a Conference Call discussing his firms investment in valeant. Philidor represented somewhere between 5 and 10 depending on whose math you were doing for valeant. This will be a direct hit on the company but does seem to be suggesting they take some steps. Another story, one o