Out what the Federal Reserve is going to do to rev up the economy. Big speech coming from chairman powell. Odds are hes going to talk about inflation. He wants more of it. If thats correct, hell be printing a lot of money. Literally seven minutes from now make that nine or ten minutes from now, we will be allowed to give you the official word. And, by the way, thats what the markets waiting for. The dow jones average is coming off the dow is going to be down about 22 points, roughly that way. Lets see what happens when we get the feds announcement. The s p, thats coming off its 18th alltime high. Down a couple of points at the moment. The nasdaq is coming off its 38th alltime high. We did receive news of just over one million new jobless benefit claims last week, no noticeable impact on the market on that. That market, the investors, theyre really waiting for the fed. Five big tech stocks, theyre coming off record highs. Here they are this morning, premarket. Apple is up some more, but
insurrectionists across the capitol while being called the most violent, racist names. i am jonathan capehart. this is the sunday show. this sunday, after four days and 15 rounds of voting, kevin mccarthy is finally speaker of the house. but, what comes next for the new speaker depends on what he had to give away to win the gavel. it was chaos and drama friday when mccarthy thought he had the vote in the bag on the 14th round, only to be thwarted by congressman matt gaetz, a never kevin who voted present instead of four mccarthy, which is strange, because gaetz had already crowed that mccarthy had already agreed to every concession that gaetz had asked for. i am excited and encouraged, i am grateful that speaker doesn t give mccarthy receptive to each and every change we have demanded. and shawn, without the stage right now where i am running out of stuff to ask for. stuff like allowing one member to call for the removal of the speaker and giving seats on the rules comm
Casket was dumped but its unclear if they knew there were human remains inside. Captain jones says that the infant was buried in south jersey last week but before the funeral. The latch on the casket broke and the child was moved into another casket apparently not whole. The organs were removed in an autopsy that is customary. But what happened after that is a mystery. Who put it in the car and driving to philadelphia and being dumped exactly where that was dumped. Jones doesnt know the cause of the child death but dont believe it was suspicious and the parents are understandably upset. The baby will be made whole as far as the organs being reunited with the deceased child. Reporter now police say that the District Attorneys Office office is reviewing the case and no charges for abuse of a corpse and the funeral home is cooperating and did take responsibility for dumping the remains. Im Wendy Saltzman channel 6 action news. A philadelphia man faces child endangerment charges after a 9m
News about their loss. A man springs into action when Police Say Two assailants broke into his Burlington County home. President trumps inner circle met with a russian lawyer during the campaign. Lets go over to chris sowers for the accuweather forecast, youre a very popular day. Reporter its a nice day to do the entire show outside. Gentle breeze, temperatures across the region, 80 degrees a popular number out there, philadelphia. Wilmington, dover, and cape may. If youre not at 80, youre a few degrees shy. 77 in reading, 77 in allentown. Atlantic city, 77. Poconos in the 60s, beach haven 78 degrees. Wind speeds are light. Out of the west five to ten Miles Per Hour weve been pointing this out all morning long, a westerly wind dries everything out, anytime this time. Year, you pick up a westerly breeze it will knock the humidity out. Its what has taken place today. Thats why it feels so much better out here. Satellite and radar mainly clear, just a couple of fair weather cumulus clouds
Civil suit. The Justice Department dropping its twoyear effort. Weve got the details on that coming up. Meantime, amazon is making a big bet on its echo device called alexa. All the alexas answering out there, people listening in. Theyre looking to make it a 1 billion business. Will increasing competition from apple and google get in its way. Thats something well look at coming up here. Plus, the end of an era. The partnership between American Express and costco will officially end on monday. Weve got new details on how American Express is looking to address the losses. What citigroup and visa are planning next. Lets start with the concerns over next weeks uk vote whether to leave the European Union. Will fred front is about to head over to london for coverage of that big event. Before you leave, though, will, give us the latest. Thanks very much. Campaigning on both sides of the Brexit Debate was postponed today following that Fatal Shooting of labor party, a member of parliament, jo