white house and peter doocy in saudi arabia. peter, we ll start things off with you. and here in saudi arabia, the leaders of telling president biden they can help expand their oil production capacity, but only a little bit. so, if president biden came here thinking he was going to get saudi arabia to increase their oil production capacity so much that it might lower gas prices back at home, he s leaving emptyhanded. in this era, announced increase of the level maximum sustainable capacity more than 13 million barrels, beyond that the kingdom will not have any further production capacity. so, what this means, they can expand to 13 million barrels a day max, but they re already at 12 million barrels a day capacity. at most they could add the same number barrels a day the president is selling from the strategic reserve and that s not really lowering prices a ton. so, it s unclear at this point if the president was overselling what he said he squeezed out of the saudis.
Best day ever this is the cbs evening news with jeff glor. Reporting tonight from central park in new york city. Glor giving, this 843acre oasis ils in the heart of manhattan sits on land that 12,000 years ago was covered by a glacier. Tonight its covered by nearly eight inches of snow, from a blizzard that hit the northeast today, the first major storm of the season. If dumped as much as a foot and a half of snow on parts of the region. 37,000 homes and businesses lost power. The wintry weather around the country this week is blamed for at least 15 deaths. We have a team of correspondents covering the blizzard. First, don dahler in boston. Reporter massive flooding swept through boston, turning streets into slowmoving rivers, sending water into restaurants and office buildings, while forcing evacuations. Firefighters rescued trapped drivers. Life quickly became miserable for new englanders used to harsh weather. Those who didnt stay indoors lived to regret it. This is a major thorough
Enjoys its day in the snow. Best day ever this is the cbs evening news with jeff glor. Reporting tonight from central park in new york city. Forcing evacuations. Firefighters rescued trapped drivers. Life quickly became miserable for new englanders used to harsh weather. Those who didnt stay indoors lived to regret it. This is a major thoroughfare in downtown boston. The snows been coming down so heavily and the wind blowing so hard, that the snow plows havent been able to keep up with it. Strangers stepped in to help even when fourwheel drive wasnt enough. Ality rockport, texas, high winds sent frigid waters pouring over the sea wall and into the streets. About 25 miles away in hull, massachusetts, cars were washed away by the rising tide. Further up the coast, in situate, wind and weaves turned ice into projectiles. Town manager jim bourdreau. The ice that were afraid is going to come up and actually act like shrapnel coming off the beach so its going to be a pretty wild situation. E
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Below sunday morning. It will be the coldest temperature there since 19 z2l2xz z16fz y2l2xy y16fy is the cbs overnight news. About five miles south of here on wall street, the stock market broke a record. The dow soared 152 points to close above 25,000 for the first time ever. Just five weeks ago, the dow hit 24,000, making this the fastest thousandpoint rise in the history of the blue chip index. Since President Trump was elected, the dow is up nearly 37 . Jill schlesinger is our Senior Business analyst. Jill, what are we to make of all of this . You know, it has been a strong first week of the year. And the dow has sailed past the 25,000 mark. Its amazing. All major indexes following along here. The nasdaq as well as the s p 500. This is now the second longest in china, here is what we learned. We learned that the Service Sector expanded to its highest level in more than three years. And not just in china, not just in the u. S. , also in europe, where we know weve seen such strong gr