And the government found a scapegoat. The ahead of tsa security reassigned. The head of the Veterans Administration say they dont check wait times at disney, why should we at va. Best buy, a big hit coming to the stock. Sex, money, politics, what else do you want . Varney company is about to begin. Oh, yes, we do call it the retail ice age. Big named stores clearly struggling, some them at least. The shopping mall, you can say thats threatened. The best one online is best buy. The Quarterly Results beat expectations, good news, but the guidance was incredibly weak for the next quarter. Thats hurting the stock right now. Strong areas where home theater stuff we appreciated with best buy. Appliances and mobile phones and tablets, stock up 8 1 2 since the beginning of the year and its going to get clobbered today because of that weak outlook. You know, is this online sales hurting best buy . Yes, a little. But certainly they say the First Quarter is the weakest of the year. Stuart another
Earlier. Ktvu fox 2s alex savidge has been checking the news feeds and wires this morning. He has the latest. There was no distress call from this egyptair flight. Whatever brought it down was sudden and brief. The Egyptian Government is suggesting this was a terror attack. Security officials are running background checks on all passengers on board to see if any of them had ties to extremist groups. Several countries are taking part in a joint search effort in the Mediterranean Sea to find the wreckage from the plane. A short time ago crews found two items in the waters off the coast of the greek island. They appear to be debris from egyptair flight 804. Egyptian Officials Say the possibility of a terror attack again far more likely than some sort of a mechanical problem, but they do caution against jumping to any conclusions. This plane, according to radar, made several abrupt turns, then lost altitude before it dropped off the radar. They could have had trouble with the controls. The
Lavanchy. Sara im sara underwood. Gloomy tart to the day with fog out there and shiri spear in the Stormtracker Weather Center with the awful conditions that seem to be sticking around. Shiri ugly conditions out there. Blanket and light to couple pockets here of moderate showers, anywhere worcester area and central mass to bedford and boston and northward. This is primary north of the mass pike traveling into Southern New Hampshire and then you will find the damp roadways now. Im not going to totally dry over the southeast either because when it gets really misty, when you get the really fine little pieces of mist, it sneaks under radar, so with a little bit of fog on the cape, wouldnt be surprised you feeling the damp forecast early on this morning. Beverly we got fog, portsmouth we got fog, worcester starting to see improvements last half hour, victoria has dropped again down to half a mile. So kind of in in and out of the forecast this morning. Boston looking mostly cloudy today and
As snow following that rain on tuesday, im going to break all the details of this storm system in a few minutes, now were going to break off traffic with jen. Reporter we are starting quiet on the roads this morning, we have quiet, we have had rots of an accident, vying near west seymour avenue, as we take a look at interstates, down at butler county, red bank, you can see volume of traffic picking up a little bit in some of these areas, so far nothing to worry about it at all. Construction that was going on in certain spots out of the way. You can see how quiet things were there right now, can you watch the roads and see if we have any issues but for now not bad at all to start the day. John. Something becomes all too common here in the tristate. A fatal crash on the highway, involving a 7monthold baby and heroin could be the cause. Police say a driver lost control near i275, and 475 near people were thrown out of it including that baby. The child and woman passenger are in Critical C
First day. Different story for valeant. The pharma giant taking it on the chin on a report by a short seller. Western digital buying sandisk. The tech stocks that could be next on the chopping block for the next to be acquired. And scott wapner just talked with carl icahn. Hes taking his activism to a whole new level and realm targeting Corporate Tax reform. But we begin with the red hot ipo of the day, shares of ferrari are revving higher on their first day of trading. A bit of a rally in stocks overall. Were sitting at 12,290 but just earlier today we cracked above that 17,300 mark for First Time Since the august flash crash. It seems like were tracking for the best percentage gains since october of 2011 for the dow and the s p, bob. S p is up 6 for the month. A little bit of a stealth rally. Really tina there, is no alternative, no other places to put your money right now. I want to start with the ferrari ipo. 48 to 52 was the price talk. It priced at the top at 52. It opened at 60.