3386 is the number to watch for that s p 500 record close. 59 minutes until the close we have a big show coming up to day the s p 500 makes yet another run at that record close bob doll will tell us why he is expecting the economic recovery to be more choppy. And why hes cautious in the short term plus, gaming the impact of the dnc. Well speak with a policy expert who says this weeks Democratic National convention could be a negative for the market even though its happening virtually. Right now, were going to focus in on the big stories were watching to day. Bob pisani is tracking to days action we have the latest on growing tensions with china. And joining us with his outlook for stocks is tony dwyer bob, start us off with the Broader Market whats going on behind the scenes and whether you think we could see that record s p 500 close today. When you get this close within less than 1 he , you usuy can get over it. Were still not there. 3386 as you heard before is the old closing high t
Happen because the journal story last night, also about the huge i think its 7 or 6 of the market are now owned by etfs, which is great until its not. There is a growing group of folks who are thinking if were just buying stocks en masse, will any reversal like the qqq, 100 stocks effectively. But five stocksmake up 40 of the index. So thats why people say, why do you talk about these stocks all the time because their weight matters. Theyre so powerful within the index. Earlier today, i was looking at the s p 500, there were probably only 75 stocks that were positive on the day. By the way, the last down month for nasdaq was october of last year for the s p and dow. It was sooner than i thought it was actually back in march. We should appointment out, this isnt a complete selloff this is a day very much about rotation youve got correct. Selloffs in the momentum stocks, technology in particular a lot of those stocks are not returning to levels that are frightping at this point yet but p
The 24 hu00 block. The father was on scene and identified his son. This vehicle will be towed to our police garage. Thats where well do a thorough investigation. At this time, we dont see any weapon in plain view. Reporter the car had flat tire, a tarp over a one doe and hadnt been moved in some time. Police didnt know if the teen was shot inside of the car or if he was placed there. Its also unknown if this was a murder or if the gunshot wound was selfinflicted. Fortunately, we found city realtime crime cameras in the south end of the block at york and park avenue. We also found several private residences with surveillance camera. Police hope the video can uncover clues. In addition, the teens parents and the owner of the car who lives on the block are being questioned. Back out here live, police are on scene and as you can see the tow truck has arrived. Once they can haul the car away theyll reopen the block of north park avenue. Aundrea clinethomas. A delaware couple faces murder ch
Remembering david bowie and his lasting legacy. Good morning im lori stokes. And im Michelle Charles in for ken rows sought tow no for ken. The weather and traffic with bill evans. Reporter one thing i notice is the staff is still here so nobody hit the powerball. Take a look outside, we have a temperature of 34 degrees. That is the air temperature. 35 around kingston, 32 around middletown. But hey, lets just penalize ourselves with the wind out there, out of the northwest. 25 Miles Per Hour winds up to 35 Miles Per Hour. Feels like 20s. Up to the north we are looking at 13 monticello, 29 toward coastal connecticut and long island. Going to be a cold, windy day today. Upper 20s later on today. Quite cold by the afternoon, only looking at 35 and 36, and will feel like the teens and low 20s all day. Snow is coming tomorrow. How are you doing Heather Orourke . Im doing fine. Well look at our subway status. Track work has been completed attica national street. New Jersey Transit hailed rai
P [ no audio ] p morning. Pforecast details coming up. Pmark. P mark jeff, thanks. Pso these conditions they put peverybody on edge. Pits tough to stay warm. P yes. Plocal fire and ems crews have palso been busy in this cold. Pdenise zarrella is live in pcleveland with the cold weather pemergencies. Pdenise. P Denise P Denise were here at pcleveland headquarters where pthey have some calls. Pit appears it got cold so fast pit definitely caught some people poff guard. Pdieja woods push her son to the plibrary. Pthe temperature at the corner of peuclid reads 7 degrees pfahrenheit. P we bundled up. Pwe put on all layers. Pwe put on a lot of layers. P denise its so cold that pthey took a ride. Pspokesperson says there have pbeen a few calls. P people have been out in this ptype of weather for a longer eriod of time than they should phave been and they had periods pof distress with hands being pvery, very frozen, semi frozen, pand people having their feet pfeeling like their feet is being p