Those predictions in the classic series were right on. Good evening and happy new year. David is off. Im elizabeth vargas. And we ring in 2015 with dangerous weather conditions across the u. S. The years first winter blast bringing snow and freezing rain wreaking havoc on the roads. In many parts of the country, it is treacherous to start the new year. Temperatures are about to plunge as storms head east. Up to a foot of snow is expected in the rockies, and abcs Clayton Sandell starts us off there tonight. Reporter new year, new headaches for drivers across the south tonight. In oklahoma, state troopers are busy with dozens of crashes on icyslick roads. Big rigs needed big tow trucks to shove them back on the highway. Police arent sure exactly how this happened but say the ice certainly didnt help. Sand and salt are being dropped on the worst roads, trying to get ahead of a winter mess now slamming eight states. Crunching and crashing from texas i hit my brakes and i just kind of went
Those predictions in the classic series were right on. Good evening and happy new year. David is off. Im elizabeth vargas. And we ring in 2015 with dangerous weather conditions across the u. S. The years first winter blast bringing snow and freezing rain wreaking havoc on the roads. In many parts of the country, it is treacherous to start the new year. Temperatures are about to plunge as storms head east. Up to a foot of snow is expected in the rockies, and abcs Clayton Sandell starts us off there tonight. Reporter new year, new headaches for drivers across the south tonight. In oklahoma, state troopers are busy with dozens of crashes on icyslick roads. Big rigs needed big tow trucks to shove them back on the highway. Police arent sure exactly how this happened but say the ice certainly didnt help. Sand and salt are being dropped on the worst roads, trying to get ahead of a winter mess now slamming eight states. Crunching and crashing from texas i hit brakes and i just kind of went sid
Point this year. But Stanley Fisher made it clear that the path ahead will be anything but smo and st. Louis fed president James Bullard also warned of potential volatility. But this time in the equity markets as the Federal Reserve gets ready to raise its benchmark Interest Rate. The temper tantrum in the summer of 2013 was all about markets being surprised that the fed was going to pull back on qe sooner than it thought. There was a mismatch between what markets thought and what the fed thought. And we do have some potential for that today. Steve liesman has more on vice chair fishers speech today in new york and the road ahead for rates. Reporter Federal Reserve vice chairman Stanley Fisher said the fed will likely hike Interest Rates this year but gave no clue as to what month, if he said it was june or september or some date in between or some date after, that essentially the increase will be from a fund rate to a low funds rate. Heres how he put it. When we raise the Interest Rat
Race. I still say Dunkin Donuts coffee is better. Varney company, though, we are about to begin. I believe in you. I believe in the power of millions of courageous conservatives rising up to reignite the promise of america. That is why today i am announcing that i am running for president of the United States. [cheering and applause] stuart there it was. A speech at liberty university. The Largest Christian University in the country. His faith played a big role in that announcement speech. The first candidate to announce. He did it first on twitter. I am running for president. I hope to our newer support. Also releasing this campaign ad. A time for truth. Ready to make America Great again. I do not is there a problem here . He was born in canada. How does that work . We asked the judge mr. Napolitano in about a half an hour. The un special says the country is on the brink of civil war. Seizing control of the northern part of the country and the countries Third Largest city. Iranian pow
Waiting, watching oil prices and developments in greece. But theyre waiting to hear what Federal Reserve chair yellen giving her report on the economy tuesday. Shell face the Senate Banking committee. The House Financial Services committee on wednesday. Investors will be looking for clarity and any hints of when the central bank will hike interest rates, the first hike since 2006. Every phrase will be sliced and dissected. As Steve Liesman tells us there are key words well be watching for. Reporter washington is playing a game of words with feds tomorrow when janet yellen heads to the senate for semiannual testimony. The first word that well be listening for it patience. The word the fed said will be two meetings before it raises rates. If she doesnt use it. Markets will believe that rate hikes could come sooner. Thats what makes the next word or phrase so important. Does yellen say mid year to connote when the feds might be thinking about rate hikes. Committee participants have indica