These are all the beverages that wibe subject to the higher tax and that could lead to higher grocery bills for people in philadelphia. Lauren mayk is live with the latest from city hall. The council has been in session for just about an hour. What can you tell us has happened so far . They have been having different meetings this morning. They have been caucusing actually just up until recently. Theyre getting ready to go into chambers to really get things started today. That is behind me. City council chambers, as well as some kids. Let me show you whats happening over here. These kids here are coming as part of the pro side of things, because as you know, the soda tax will fund a lot of new prek seats. These kids are coming here as part of that effort to talk to the City Council Members and thank them for their yes votes today. Now, i have seen folks on both sides of this issue today. Theyre all coming here to see what happens. And this let me tell you about whats on the table here.
Forecast, sevenday forecast, always scrolling at bottom of the screen for you. Heres a look at radar. Shore points are fairly dry right now. We have a few light showers to moderate showers developing and moving through parts of kent county, suspect county, approaching parts of cape may through the delaware bay but thats mostly lighter rain. All of the heavy stuff moved out. But the other area that were watching, we go into the end of the week, were still stuck in the pattern that you see on the radar. Clouds, rain, cool temperatures, what were watching as we go into friday, that is this area of low pressure. Thats going to track towards us. And as we go into the Morning Hours friday, its going to strengthen offshore and thats going to give us heavier rain. So, for tonight, 10 00 p. M. , 51 philadelphia, cloudy. By the early Morning Hours temperatures mid to upper 40s. Thats when you wake up, cool, cloudy, damp. If you are along the shore, temperatures staying around 50. Thats also wher
43 in the poconos. Wrightstown at 50 and 51 in Atlantic City in the wake of that rain. We also have a Coastal Flood Advisory with the new moon and also that persistent northeasterly flow there will be coastal flooding at times of high tide. High tied between 6 00 and 7 00 oclock this evening. So if you live anywhere down the shore, you know the usual suspects. There is some minor flooding did s going to occur in the prone areas and some roads will be closed. Through this evening we are going to be seeing those dry conditions. So if you have any plans any games to attend, game on. Youll be able to get those in because it will be drying out now through 8 00 p. M. Thats the very latest from the weather sent we are going to see heavy rain moving back in this week and well talk about our next dry day in the seven day forecast. All right. Talk to you then kathy. Happening right now, traffic easing around city hall after protesters complete with the convoy of trucks head inside this was the s
This is switzerlands number one insurer. Interim ceo guy he has been struggling to turn this around. The reality maybe coming home to roost. Anna they have been trying to equity, and other targets which were apparently thwarted. Guy lets get you the bloomberg first word. Manufacturing pmi has dropped to the lowest level in three years. In atficial reading came 49. 6 in november. Six Central Bank Interest rate cuts in your have not been enough to slow refectory manufacturing. In a historic move, the imf will to its list of reserve currencies. The euro lost the most with the changes. They Australian Dollar held a second day of gains after the reserve bank kept rates unchanged at a record low 2 . Ill ise seventh month makers have left the rates untouched. Morgan stanley is planning to month policyh makers have left the rates untouched. Morgan stanley is playing to cut fixed income jobs. Shares rose on the news. David cameron calling for a vote tomorrow on extending airstrikes into syria.
A day else a portion of the sheriff shared lending to small and microbusinesses. Because of that 4 billiondollar investment in 332 institutions across the Country Community banks or cdfi loan funds, we have seen positive returns for taxpayers so this is no cost to the taxpayer and we are also seeing that lending has increased by more than 10 billion so we take that 4 billion investment. As a result the institutions have loaned more than 10 million above and beyond the lending that they were doing beforehand. What that actually turns into is around 41,000 new loans to Small Businesses. It also means that of those loans, i think we are somewhere around 65 or 70 of those loans were below 100,000, so these are actually loans that are going to the smallest of Small Businesses, not midsize businesses that getting the businesses that are going to be the job creators and are the job creators. We also invested through another program called the state smallbusiness Credit Initiative 1. 5 billion