at the same event we heard from white house counsel economic advisor chair and treasury secretary stephen nguyen. this is just under 50 minutes. . so now let s get right into it talking about financial markets the dow is down around 700 points why is it down what does it tell you quick. day to day one of the main driving forces of equity markets as revisions to the outlook. look at how it has been revised with those changes the asian economy is slowing the european economy is slowing. the council of economic advisers and with us multinationals around the world us outlook is very positive so i don t know about today that the news is the global economy is in that boom. how long can the united states remain insulated with japan and germany? how long do we keep up this divergence quick. we have a much bigger concer concern. right now the us is recovering from the highest corporate tax break with cap - - capital spending is up in manufacturing jobs is up 350,000 since th
shutting down. it is wednesday night and the big story on action news tonight is the plan to turn whole neighborhood and major highways into traffic free zones. mayor michael nutter put it this way. be prepared to walk, at least a few miles or more depending on where you are and where you are trying to go. private vehicles will really not be a viable option on the weekend in center city. and here s why everything highlighted on this map will be what the city is calling a traffic box. residents will be able to drive within the border but once you leave you cannot come back. septa buses and trolleys will not be operating inside. this all goes into effect friday september 25th at 6:00 p.m. the northern boundary starts at delaware avenue along spring garden up ridge to girard. south street is cut off line on the south end. then at 10:00 p.m. that night restrictions take effect in portions of university city and west philadelphia. that is from powellton avenue to the north b
center city philadelphia is a busy place, with lots of traffic but for two full days and parts of the two others in late september, that is going to change. pope francis is coming to town, and major arteries, are shutting down. it is wednesday night and the big story on action news tonight is the plan to turn whole neighborhood and major highways into traffic free zones. mayor michael nutter put it this way. be prepared to walk, at least a few miles or more depending on where you are and where you are trying to go. private vehicles will really not be a viable option on the weekend in center city. and here s why, everything highlighted on this map will be what the city is calling a traffic box. residents will be able to drive within the border but once you leave, you cannot come back. septa buses and trolleys will not be operating inside. this all goes into effect friday september 25th at 6:00 p.m. the northern boundary starts at delaware avenue along spring garden up ri
i-95. that is our very latest active weather on storm scan three. lets look at these peak wind gusts, this was unbelievable at 3:00 o clock line of heavy rain and gusty thunderstorms moved through. some thunder but mainly gusty wind. 71 miles an hour gust peaked in philadelphia, 55 in allentown, 52 in trenton. 409 s in new castle and reading. the marry bet sent in this picture from bethlehem. this treat completely broken off its trunk in the front yard and it looks like it just miss ed or hit the roof and hood of that car. owe damaging wind the big threat with these storms and through the evening we will have some lingering heavy rain. wind not expected to be as strong but look at the the temperatures, falling very quickly. fifty-six in philadelphia. fifty-two in reading. already 40 s in the poconos. we are going way down tonight. temperatures will fall, 30 degrees from their daytime highs. more on that coming up later in the broadcast jessica but this was quite an afternoon.
cross the region to the north and west of philadelphia chesapeake city 3:01, red lion middletown, east, possibly into salem will you will see those moderate showers. look at these peak wind gusts so impressive, philadelphia a wind gust of 71 miles an hour. we are looking at near hurricane force. 55 miles an hour gusts in allentown 52 in trenton, 48 in new castle, reading a 47 miles an hour gust was these heavy downpours. marry bet from bethlehem sent in this shocking photo of the tree that just snapped and landed right on the hood of her car. just devastating this afternoon with those wind. now temperatures have fallen, big time, and the high in philadelphia 72. right now 56. forty-seven in the poconos. reading only 54 degrees. more cold is coming. westerly wind at ten to 15 miles an hour. we will keep it cool across the region. the a as this cold high pressure builds in we will be talking about temperatures averaging below 10 degrees below normal and that is for afternoon hi