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you know it s been a tough day in the markets when we bust out prince yep, investors were crying as the brand-new fed chairman, jerome powell testified before the house financial services committee for the first time in his new role and sounded hawkish than they were expecting sent the dow down 300 points steve. can t get over the prince reference. respect. very cool. here s the question will powell be singing a different do you know on thursday you know, that s possible fed chair j powell was doing just fine in the testimony until congresswoman maloney asked him what would change the rate hike forecast from three to four. he started by saying a strong economy. and here s what he continued with we have seen fiscal policy become more system you lative. i think each of us is going to be taking the developments since the december meeting in and the writing down our new rate paths before we go into the meeting and i wouldn t want to prejudge that. jp morgan said t ....
actually visiting the path. the fbi swarming his home. also tonight, the tense standoff at an elementary school. the father taking a 70-year-old teacher hostage. and the heated debate on capitol hill today. if you doubt russian meddling, what our own dan harris discovered in russia. what happens when he walks into this factory filled with writers. good evening tonight from new york city. we are here on the scene of the deadliest terror attack in this city since 9/11. and to give you an idea of where we re standing tonight, take a look over my shoulder here. we are in the shadow of 1 world trade. that, of course, was built on the site of ground zero. gives you an idea of just how far the suspect got and how close to ground zero he came. and just moments ago here, the police commissioner taking us to the crime scene. the weapon, of course, a truck, rented from home depot. authorities say the suspect deliberately veering onto a path for bicyclists and pedestrians, sp ....
flat. the ftse is down by 0.1% in italy. crude was the big story yesterday. wpi this morning is up once again by 1.6%. gain of 77 cents to 48.10. this comes after it looks like additional countries from opec are standing with saudi arabia saying those production cuts need to be expanded and also we saw a surprise decline in the supplies here in the united states. now let s talk about today s corporate story. shares of snap plunging after the company released its first report since going public. snap missed on the top and bottom lines. the company struggled to keep up with user growth validating a lot of concerns about its ability to take on facebook s insta fwram and tgram and the s feature. here s what evan spiegel had to say about competition on that call. people will copy your product if you make great stuff. when google came along, everybody felt they need a search strategy. when facebook came along, everybody felt they needed a social strategy. with snap, we be ....
can t wait to tell her story. great to have you with us on this wednesday, thomas drayton, the whole gang, bob kelly, sue serio, good morning. good morning, everybody. now we can start the day. let s wake up and wait until you see the number. do you want to see the number? let s see the number. should we break out bo derrick? double digits. yahoo. she s a ten. braid your hair in corn rose it, as ten, that s obscure, 57 degrees, relative humidity 59%. sunrise, 6:38 this morning. so we don t have to wait too long. fifty-seven in lancaster, as well. down in dover, delaware, we have 63 degrees, go up to the north, hazleton at 49. west chester already at 61. and 45 in ocean city. little bit of sea breeze there. lewes, delaware, at 06 degrees, that s where we are temperature wise this morning, we don t have any precipitation to show you at all. we won t until tomorrow. soy, enjoy today. high of 68 degrees. sunny skies, perfection, bob kelly, but only for a day. ....
an hour. welcome to the midpoint of intx 2016. we have had a great couple of days so far. we met arianna huffington, we talked with michael powell, we had a conversation with brian roberts. quite a display he put on about the upcoming olympics and the technology. we have had conversations with john king and jorge ramos. we have celebrated terrific events and programs with cable tv pioneers. fameable center hall of last night, outstanding. women in cable, a great lunch. many other groups. on the marketplace floor, we have discovered the joys and wonders of virtual reality. of tv everywhere. and the ever-expanding content display technology. we have also been immersed in news and information about the internet. and television. and imagine part. through dozens of panel sessions and discussions. it is fitting that all of those developments have led to this afternoon s great general session, probably the most disruptive of intx 2016. we are going to get to hear from the pe ....