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seaberg, great to have you with us. eric, riddle me this. what has changed and why today do we feel so great of a fed rate hike? i have no idea. i think, you know, we re going to be in a cheap market here for the foreseeable future just because of all the uncertainty surrounding interest rates, consumer spending and political uncertainty here and in europe and while this frustrating sideways market may be difficult to navigate we re still finding opportunities in the hodges small cap fund. where? we re really looking at some areas such as some of the non-energy companies that have been beat down over the last six months by oil prices, something like a legacy texas bank share which is a bank that we think is very attractively valued here. the perception of energy exposure is not as great or the reality isn t as great as the perception in this stock and we think it s created an opportunity for investors. other areas that we like are areas tied to infrastructure spen ....
josh lipton is on the ground there with the very latest. josh. reporter: new products announced today, including a new smaller version of the ipad pro. remember, apple executives billed the ipad pro as the future of personal computing and said for many people the ipad pro can replace the pc. take a listen to what apple s paul schiller had to say. there are over 600 million pcs in use today that are over five years old. this is really sad. it really is. these people yes. to really, really benefit from an ipad pro. reporter: we know that the ipad faces real structural headwinds and consumers moving, for example, to smartphones with larger displays so the question for investors, do they think what was announced here today can change the trajectory of that ipad product line? in addition, of course, we saw the new iphone se, 4-inch display and faster chip and support for apple pay and shoots 4k video so who does that appeal to and a lot of people want that 4-inch d ....
customers, facebook is finding out what it means to be a hardware company. yes. on major league baseball s opening day and today as well, rob manfred will join us at post nine to discuss ticket prices and a lot to talk about. it will be a very interesting conversation. we want to start with tesla. shares are popping today on reportedly strong early demand nor the mass market model three car. phil lebeau has been following the figures from a tweet storm of elon musk. what do we know? a big three or four days for tesla and elon has been tweeting and giving us numbers on the amount of reservations placed for model 3. at the end of saturday night, 276,000 reservations, likely much bigger than that now but we haven t gotten an update from tesla. the base price for model 3, $35,000. that means if they only sold 276,000 at the base price and we know they go for much more, they bring in $9.6 billion when those sales were completed. by the way, model three deliveries start ....
after that we re going to get colder starting tomorrow. the jet is going to phase these two systems. and a new system is going to develop along the carolina coast as we go in to saturday late in the day, early sunday. then that storm is going to crank off the eastern seaboard sunday. first of all in the short-term, we ve got scattered gusty showers through the evening hours. they re going to dissipate. downpour. the cooling trend begins tomorrow and now based on all the information we ve looked at today, a wet spring snow does seem likely. starting sunday and going in to early monday, have preliminary thoughts on accumulation amounts and timing. that s coming up in the 7-day minutes. we re going to turn to the other news of the night. that gun found at a school in queens. police say a 15-year-old was his backpack. this happening days after reporter: this is the loaded .38-caliber which police say the student at the academy in jamaica brought to school today. i had ....
making snow again and in the middle people bundled up trying stay warm in center city on the right traffic is moving in south philly. and moving to trenton now. it is only going to get colder before you walk out the door tomorrow morning. good evening, i m chris oh congress iain has the night off. i m lucy noland. so question of course is how low are the temperatures going to go? kathy orr is track wagon to expect when you wake up. hey, kathy. we re talking about cold temperatures again lucy and chris. take a look at the numbers right now. mount pocono 11 degrees. it is 16 in pottstown. philadelphia 27. trenton 18. we don t have any wind. this air is very cold and we do have dry air that will allow the temperatures to fall quickly not much wind but still a wind chill with cold temperatures in the poconos it feels like three. in pottstown it feels like it is 17. come tomorrow morning, we ll see temperatures in the teens by the noon hour. a little bit better rising ....