Here in Asbury Park New Jersey flooding is a major issue that people are waking up to. This is what we have been seeing from street to street. And this stop sign was knocked down and as people wake up they found that their home was full of water. Sandy slammed into new jersey at 80 mi. Per hour. The storm did major damage to the new york area. A number of new york subway systemer i stating that they hae never experienced anything like this before. They stated that sandy has wreaked havoc on their transportation system. We knew that the storm would be very dangerous and it has met our expectations. We are seeing a lot of water throughout manhattan new york. Speaking of Power Outages here in new jersey there are 2. 3 Million People without power. More than 7 Million People are without power due to the storm. This is a very cold and windy day. Teachin a live picture here shows west 57th street and look at this crane building at this large Apartment Building the estimates are about 95 mi.
And nasdaq up by 12. This comes after a big up week for the markets where nasdaq was up 2. 3 across 6,000. Closed the week at 6,047. The dow was almost up by 2 . Closed very close to 21,000. Were going to continue to watch, as we get closer to the opening bell. Take a look at crude oil prices as well. Crude oil was down about 29 cents. The big story was it was below 50 for many days last week. This morning, its down another 16 cents to 49. 17. Let get you ready for the first trading week of may. The agenda chockfull of Economic Data and earning reports, the ism manufacturing and construction spending, tomorrow, april auto sales, Paychex Small Business jobs and wednesday, adp, Service Index and fed decision at 2 00 p. M. Eastern time. Thursday, q1 productivity and factory orders, friday, april jobs reports. As for earning, more than 100 companies in the s p 500 reporting. The big names to watch, include conocophillips, merck, apple, facebook, tesla, kellogg and cbs. More than the holdin
Were closed for holidays. In the early trading in europe this morning, ahead of that final debate between the last two candidates in the french election, you can see the cac is off by a third of a percentage point. Ftse is also down. Crude Oil Yesterday down, and down once again as pumping in libya and the United States more than made up some of the cutbacks. We closed below 48 yesterday. Right now 48. 04. On todays agenda the fed concluding its twoday meeting with a statement at 2 00 p. M. Eastern time. The central bank expected to hold rates steady. Investors looking for hints that the economy is on track for a rate increase in june. Another big earnings day ahead. We will hear from time warner and yum brandtbrands, after the close, facebook, tesla, aig and fitbit will report. Adp private payrolls at 8 15 this morning. Later services pmi and ism nonmanufacturing. We are just four days away from the final round of the french election. Candidates emanuel macron and Marine Le Pen face o
And all the way into Fort Lauderdalehlywood international airport. Now the northbound lanes, which were closed for a short period of time, what they had were cleanup crews working on what would be the east side of i95. You can see all of the debris that blew across the roadway there. A lot of tree and where branchs were there as we. audio diana we will get back to ralph. A lot of damage throughout the neigigorhoods. Many wondering if it was a tornado confirmed. Christine lets get the latest on that with all the spots beginning with alex de armas in northeast miamidade. Reporter weve driven up and down the street and the amount off damage is incredible. We had Severe Weather here in rtheast miamidade and the Severe Damage just goes to show how bad it was out here this morning. This is just part of e debris, right now. We are along 191st street and northeast 14th a. People had to take cover in bathrooms and closets. They were terrified. Outside. Just take a look at thehe damage that weve
St. Louis fed talking about the economy later. That is what is driving this market. Everyone stops trading until a breath. , 8 30, take everybody wants to see whether the momentum continues. It is not that we are 00 iserating, 197,0 forecast. The Unemployment Rate will be interesting. The Labor Department releasing revisions to the last five years. They could move it around a little bit. It is possible we could go below 7 . Just on a revisions basis. Street into aall tizzy, able take a while for people to absorb that. We are all above the consensus, we think what happened in december will play in january. We are talking about after five years having the best fiveyear pattern of jobs since the recession. This is north of 2 million for this year, possibly. Rate aside, what is really interesting is the average hour workweek is pure a session. We have taken the slack out of the system and we have got to start hiring. Does the street care about the jobs number . At 8 30, everybody is cheeri