They bounced back and it was up 567 points. Yesterday another wild ride but at the end of the day the market was unchanged. Then of course today. Another massive drop and the dow down 132 points. Joining us from our newsroom is james mcbride. James, what is happening here. We have unemployment down and the economy improving with the tax reform plan into law. All of that is positive. The market was just getting ahead of itself. Ultimately the stock market is going to reflect the economy and the economy is good and the stock market is good. The numbers are pretty big but when you think of the stock market being a 25,000, 26,000 percentagewise, the numbers are not that big. I checked and we are back to where we were in november. If we had stopped at november we had of thought that last year was a good year. It just took off having related to Program Trading and things like that. Based on the concerns of inflation, everybody ran for the hills and now we have the correction we heard that pe
Number of acid attacks. In sport. Scotland record their first victory over england in a decade to win the calcutta cup and blow the six nations championship wide open. Good morning. Another chilly start to the day but what a day on offer across many parts of the British Isles. Plenty of sunshine to go around but it will stay cool throughout the day. More detail on the upcoming week for you in just a few minutes. Good morning. First, our main story. The International Olympic committee has decided not to lift russias suspension for doping in time for todays closing ceremony at the winter games in south korea. But the ban could be lifted at a later date if no more of the countrys athletes test positive at pyeongchang. Our correspondent, stephen mcdonell, sent us this report from the olympic park. Russian athletes will enter the main stadium here under the olympic flag, but for the closing ceremony, like the opening, they will be individuals, not technically representing their country. If
Meteorologist Lauren Ricketts breaked down the start of a heat wave. It will be a warm one out there. Not only was it warm today but lucky for us we had showers and thunderstorms early this morning. But once we head into the rest of the workweek or weekend into the next week oh, boy well see things heat up. And here is the current temperatures out there. 87 is our temperature here in washington. 91 in frederick. 90 in leesberg. What constitutes a heat wave here in d. C. , three consecutive days above 90. D. C. Not so much, but if you are headed out to dinner partly cloudy, hot and humid a passing shower but this is what we are worried about tomorrow. Excessive heat. And we have a heat vise in place. Well let you know how hot it will get coming up. Cooling centers are opening up. You can go to the reefs center and libraries and Community Centers and Senior Centers in fairfax, montgomery and prince georges county. And we have a list of cooler centers and six things you need to know about
Alphabet. Well explain. A surprised evaluation of chinas wand sending it to new multiyear lows against the dollar. And shake shack, the company Beat Estimates and boosted guidance. First google creating a new Holding Company called alphabet which will become the parent of google. The google unit will include youtube, android and ad sense while nest, and Google Ventures will be the other ventures within alphabet. Alphabet will replace google as a publicly traded entity. Ticker symbols will remain goog l g oog. The Washington Post is calling this almost unprecedented, a General Electric for the digital age. People at home are going to be confused. It does matter. The price to earnings multiple has been controlled by a mishmash of company. If you could see the profitability broken out, you might want to pay up for google. Thats what people are doing. Ive heard a lot of analogies to these holding companies. Id like to analogize to am don. When they broke out web services you said holy cow.
This year will probably still get thunderstorms with lenny of gray skies, 60s and 50s. Upper 50s, 59 it atherton and 51 , Los Altos Hills also in there. 63 at union city, pacifica 57 and bonne terre up 59 degrees bond tara up at 59, temperatures settling in to the 60s and 70s, and things are changing. 60s and 70s with a few 80s but generally below average. There is a world of hurt on 580 thats right. Westbound 580 with all lanes block with the truck accident on the dublin grade. If you drive that every day you know how hard it can be to get up that hill and back down with all the trucks, and a couple of big rigs and other cars got into a crash and one person is dead after the crash. Westbound 580 over the dublin grade, you can see traffic quickly backing up. Lets go back to the map where i can show you one more time westbound 580 is slow. We also have slow traffic on the Altamont Pass, and since this crash will be here for a while, i predict this entire commute will be affected. If you