Pounce on the remarks an hour after he made them seems like a little bit of a leap here. It mixed into the selling sauce. The markets dont need to hear much to sell or trigger something. If they dont know what is happening on the fed front and certainly dont know what is happening on the virus front. As i often say they sell first ask questions later. Well see. Jackie deangelis on the new york stock exchange. With the dow down 265 points. An update. Jackie . Reporter were off session lows. It was interesting around 11 30 the market dropped the first 100 points. People were scratching their heads, asking if there were any headlines crossing the tape, what was causing this and there wasnt a clear explanation. When the second 100 point drop came, one gentleman said there were rumors floating around, chatter, that the markets were too complacent when it came to the coronavirus. There were concerns china is not forthright with all the information. Maybe the numbers are not accurate. Maybe t
Urging anyone who sees the sea snake to stay out of spike striking distance. In southern california, a cleanup is underway after heavy rains triggered mudslides in the northern part of la county. Crews are clearing away all that mud and are on the lookout for possible victims. Reporter not too far from hollywood, the scene looks like a very expensive disaster movie. These are the effects of mother nature. The techniques are lowtech, digging, tapping, hope they flat hoping they find no one. Our concern is for the motorcyclist, perhaps cop all are smaller vehicles. This doesnt usually happen. You expect this back east when rivers overrun. Not here, not on a major highway. I didnt think it would be that deep. I get out a walk. When i walk, i fall. The mud was too intense, so i turned around and sat in the car with my dog. Reporter ironically, californias drought is being blamed for the mudslide. 6 inches of rain came down in one hour, and gravity became drivers worse enemy. Worst enemy. T
Dropping back down below freezing tomorrow night and look at the freeze warnings. Actually expands. It could be a colder night tomorrow night you wake up monday morning to even colder temperatures. Below 32 thats the freeze warning. Now it kills the crops and the plants but we are looking at warmer weather. So bring them inside or cover them if you want to extent the growing season because warmer weather does return. Right now were into the 40s and 50s. A windy day today. Gusting close to 30 miles an hour. Good news that wind is dying down. Bad news is with the calm night and a clear sky, which well be seeing soon, that temperature really drop tonight as the colder air comes in from the northwest. Nothing really on ultimate doppler radar. This is lake effect showers some snow in central pennsylvania these clouds are coming to southeastern pennsylvania likely not seeing these clouds rain picked up by the radar reaching the ground. Clouds will clear up early tonight. Look its clear. If y
Joyce evans. And im dawn timmeney. You may want to grab an extra blanket or crank that heat up a little bit. Lets get right over to meteorologist dave warren. Just grab an extra blanket tonight. Its not all that bad. It will be cold by the time you get up tomorrow morning. Freeze warnings in effect. That means temperatures will hit 32. The first time that that happens in the season signifies the end of growing season. May not get to freezing but you may see some frost around the area tomorrow morning. Fast forward now to tomorrow night. We have a freeze warning in effect. A wider area closer to the city, still not in Delaware County or Philadelphia County but even colder night tomorrow as that temperature could drop down to 32. Will be below 32. Could drop into the 20s its a hard freeze there when it drops down below 30. We could easily see that in some of the northern suburbs. Kills crops and plants. We have warmer weather back in the forecast. Bring them inside or throw a cover over
As well and europe moderately in the red as asia does retreat from the big gains yesterday. We have hit dow 16,000 and s p 1,800. But then those comments from carl icahn yesterday spoiled the party a bit. There could be an announcement this morning involving that 13 billion settlement between the department of justice and jpmorgan chase. If and when, well fill you in. More problems for tesla as the automaker is the subject of a formal government probe involving fires in the model s. The dow hit 16,000, the s p 1,800 yesterday. Both closed below those levels after carl icahn expressed concerns about current valuations, saying that stocks, in his words, could face a big drop. Jim, the story for retail in the Fourth Quarter is going to be price competition and margin pressure . I think companies mentioning price competition, best buy, contrast Urban Outfitters last night, contrast that with home depot and dicks where theyre not talking about that. I was talking with john donahoe yesterday