overs. but today the dow roared, the s&p rocketed. and the nasdaq. we have another phenomenon at work. and it s called re-rating. something when one company gives us a new-found positive. we re basically upgrading stocks from hold to buy mentally. now today we had a whole host of re-ratings. it colored the whole tape so to speak. it s true that we can t go poof , or voila. you need a special backdrop to make the magic happen. it s all been done by analogy. it s about being willing to buy something at a higher price, because you think yesterday s price was just plain too low for that enterprise. amazing a few days after the brexit vote, which we were told would be the end of the financial world, at least as we know it, we have the backup that s necessary for a re-rate. investors are now realizing maybe they were a little bit too headstrong about dumping stocks wholesale. sure, the united kingdom has chosen a path that will have high highly chances of recession. you have to lo
points, the s&p by nearly 20, and the nasdaq by about 57 points. also being helped, i m sure, by the news from china. what do we think about this? i saw the rally in oil prices on friday. basically a rumor that you were going to see something like this. if it s contingent on iran and iraq both playing along with it, that raises all kinds of questions. seems to be the same caveat we ve heard over and over again. iran has they ve walked back some of their more explicit talk about ramping up production. still, they re so eager to get back in the markets. and iraq is desperate too. let s not forget iran boosted output a month ago by 500,000 barrels a day. if saudi arabia and russia and whoever else want to get together, they need to get iran in the room. and let s not forget that a freeze is not the same as an output cut. if demand grows, then theoretically supply-demand will come back into balance. if demand slows because of china, the freeze leaves the gap where it is.
bit, but we ve had gusts upwards of 30, 40 miles per hour. further north we came from highway 128 and stronger winns. here comes one of those gusts now. it was rocking the truck pretty good as we approached highway 93. as we got to the center section it mellowed out a bit. but as you can see, it does pick up and get gusty. for this area we understand the wind warnings are set to expire about 5:00 a.m. we re goiig to stick around and keep an eye on things and let you know how it is. if you re headed out this way in a high profile vehicle, use a lot of caution. it was rocking our suv around just a little bit. there s one of those really strong gusts as you see it. back to you guys. do cowboy hats come with straps, like the kid ones? they need to. % it s really gusty out there, especiaaly closer to the foothills. overnight we had wind speeds overrloveland pass. berthoud pass with recent gust of 50 miles per hour. things are starting to calm down out windy conditions across
we have team coverage from the track troubles first nicole jacobs is live at south station on what s causing the backups. reporter: when the company that runs the commuter rail urges commuters to seek an alternate route means of traps pour station you know it s a bad this morning. you can see the train on tracks anywhere. all this in the middle of morning rush hour and here s kicker. they have no idea when the problem will be rectified. let s get to video. social media was flooded with photos showing frustrated passengers. crowds on the rails and platforms all of this sparked by a signal issue which we are told controls the train coming in and going out of various stations. similar to a traffic signal incredibly dangerous situation that s why the trains are parked on the tracks. but it s more of the same in terms what have commuters winter s mess. and they say they completely understand frustrations and the station is one they wish they could have avoided. this is no fun
as we take south of boston more of the lower 30s from sharon at to to walpole at 30. 31 in dedham and 32 in randolph. a lot of in betweens. boston still sitting at 34 degrees. 33 right now in plymouth. 30 in worcester. 32 in keene, new hampshire. so let s see real careful away from the coastline this morning from the coastline this morning. through 7:00 this morning we still have most of the burbs at that freezing point. clouds around this morning and the slight chance we will get a temperature in out of them. 99% of you will stay dry and worry-free this morning. at noontime, temperatures scoot at noontime, temperatures scooting into the lower 40s boston and metro west and in the 40s as we head home from work with dry conditions in place. 38 to 44 for your highs. black ice potential and partly sunny. now over to julie grauert with live drive time traffic. the of two us will look for that. julie: so far so good, shir. drivers out. when we start to see problems in a particula