Good afternoon sara bloomquist is off and in the news philadelphia describe attorney Seth Williams shows up for the fifth day in court where he faces corruption charges. And sixers fans are pumped and so the team. Markelle foltz arrived in town and well hear from the newest member of the sixers coming up. But the big story on action news is the wet and humid weather outside. We have several showers this morning. You can expect a lot more as remnants of cindy move through the region. As we look live at the camden waterfront its a soggy friday. Melissa magee has the accuweather forecast. May need to keep the umbrella close by. For tomorrow we track the remnants of cindy in combination with the cold front to the west and the combination of those two things bring scattered showers and storms, we have that activity earlier today. Stormtracker 6 live double scan radar showing you we are dry right now for the most part or starting to dry out. To the north and west we are tracking the moisture
Anna good morning and welcome to daybreak europe. Manus welcome to the show. Ofhave the finance director the company hayes. Its a benchmark of europe and the u. K. And around the world in terms of wages. Where should we start . She kept the dream alive. I will not sing the song. Even though its friday. Anna he doesnt sink before we go life. Manus i do. The emerging markets index. This is the potential golden cross flashing on the chart. What is that . 50 Day Moving Average and 100 day moving day average, about to close crossed each other. Stocks gain more than 30 in the 11 months following, the last time we saw that was 2015. The market is saying we have a cracking run. There is a probable relief that janet yellen keeps the dream alive and she questions the veracity of inflation. Anna a lot to talk about in terms of yellens affect on market. On the risk radar, lets look at where we are with the dollar after a couple days after Janet Yellens testimony. Gradual seems to be the mantra. In
Market site in times square im kelly evans along with joe kernen and melissa lee we have the dow looking at a tiny gain, same for the nasdaq the dow closed at a record high yesterday. Overnight in asia, lets scan the landscape. I think the kospi was at a record high yesterday as well. Some green kind of following on from our semi strong day yesterday. Gains of about a tenth of 1 as for europe which is still trading of course, you can see some differentiation ftse 100 and dax lower ftse down more than a quarter of 1 and finally a look at crude which has been holding levels of 45 and 46. Its up about and a halfhalf a t in washington, Senate Republicans are battling for votes within their own party after he releasing their latest Health Care Bill two gop senators will not vote for the bill, that means Mitch Mcconnell has to convince every one of the 50 remaining republicans to vote yes or the legislation fails. The new bill keeps some of obamacares taxes on the wealthy and includes 45 bil
Another Federal Reserve meeting relatively unscathed but still need to face the uks big vote on whether to leave the european union. Fed agreed to do nothing and that keeps stocks on the agenda the place to get the short term for your money. The stock market rallied on the news as we sold off later in the day after oil plunged a dollar dow sinking 35 points s p slipping 0. 1 and nasdaq climbed by the same amount. Still, i was pleased to hear that the fed paid no attention to the idealogues who want higher rates. Why . Boo so they can be lower after they throw us into a recession. No. Im flat the fed recognized employment only grew by 38,000 jobs last month and that mattered to them. [ baby crying ] i like that they realize the economy is on a real slow growth path and that rate hikes arent going to be able to come in lockstep. The rhetoric that drove the stock market down hard at the beginning of the year. I like these things because they mean the fed understands that job creation has
Experts are telling people to stay indoors and dress in layers if you have to go out. The mbta kept trains running late the cold. Lets get over to rob eric it will be in parts of anchorage or parts of last alaska, i should say. Us. Temperatures will be falling around the similar time. Winds will be gusting up to 35 Miles Per Hour this afternoon and that wind chill warning goes through tomorrow morning. The cape, the islands, sea coast under an advisory. Temperatures wont be quite as cold, but still be warned, it will be dangerously cold later on tonight into tomorrow. Right now 21 in boston with a wind chill of 9. Not so bad, but the problem is now is the warmest part of the day. Well actually be colder this afternoon than it is out there currently. So falling temperatures, did sew zoom snow overnight last night for parts of the cape, the islands and nantucket. That is done. Two here or this afternoon as the arctic air rolls in. It is the arctic air that is the bigger story than the fl