Outside the plaza hotel in midtown with new information. Dave. Reporter kristine and dick, this is a man with enough wealth and influence to stay at the plaza where he committed crimes. Jared fogle left the indianapolis courthouse wearing a monitoring bracelet and facing five to 12 years in prison. His plea deal is on charges he paid for sex with minors and received child pornography. His defense attorney spoke to reporters. Jared fogle expects to go to prison. He will do his time. Reporter the plea agreement outlines his trips to new york city to engage in commercial sex with minors under 18. Victims include a 17yearold girl who prosecutors say joined him at the Manhattan Plaza hotel in november 2012. The documents state the girl was paid for sex and later fogle offered her extra money to provide him with access to minors as young as 14. Several months later prosecutors say he again paid the same girl for sex acts this time at the ritzcarlton hotel. This is about using wealth, status
Clouds, but not a lot of rain. Showers off to the west. That will fill in a bit today and tonight. Just a gray day, the jackets with the liners needed. Temperatures no better than the mid to upper 50s. Take along the umbrella you may need that from time to time. Lets find out about the drive. Heres lauren. Just one trouble spot on the roads. This is over on 202 206, southbound lanes are closed out by route 22, this is because of an accident with a downed poland wires. Something else which is better for team people, alternate side of the Street Parking rules are suspended today. New this morning, police spent the night searching central park for a man allegedly offering up a child for sex. Today in new yorks tracie police are telling us. I checked in with police, they say tourists from california who called this in are being questioned by detectives after being offered sex with an 11yearold boy. This led to a massive search in central park a few hours ago. The Aviation Unit was overhead
Some spots in the 20s. Cold start in western new jersey. This is the day. This is our transition to warmer weather. 37 right now. Back to 53 by lunchtime. It will be breezy and mild throughout the afternoon. Scattered clouds and sunshine and a high of 57 degrees on this monday. Yeah, head out there with a layer and lose a few layers as you head throughout the day. Coming up, well look at the school day forecast. Emily west has a look at your commute. Good morning everyone. Overnight roadwork. The hugh l. Carey tunnel. The manhattan bound tube closed. Same with the queens midtown tunnel this morning. Youll find a queensbound tube that is going to be closed. Manhattan bound is taking twoway traffic until 5 30 this morning. More weather and traffic on the 4s. Thanks so much, emily. In queens, one person dead, four in the hospital including two officers. Police say theyre victims of he began his crime spree yesterday morning when he slashed a neighbor. For the next several hours he committ
Still firmly in the red. We begin with what this 130 billion chemical bid will mean for the markets and the sector as a whole. The ceos of dow chemical and dupont are coming up. Iae expects the blunt to be worse next year. And trouble brewing for shippers this Holiday Season as higher than expected online ordering volumes causing some delays. But first up, dupont and dow chemical agreeing to merge. The combined company will be called dow dupont. It plans a threeway breakup. Well have that interview with liveris and ed breen in just a few moments. Well get your thoughts as details are coming in. An enormous deal that weve talked about for a number of days and seen the marketplace adjust to a certain extent. You may see dupont shares down a bit. Maybe an expectation that Exchange Rate would have been a bit higher. I dont know that was widely held but perhaps thats why dupont is down a bit today. Both stocks up dramatically on wednesday. That was the first trading day if i recall the week
Of these winners that we now affectionately refer to as the fang stocks . Two Money Managers go head to head, one still likes and the other one says maybe time to look elsewhere. Two emerging market currencies that could have major implications for the boarder market. Why everybody should be watching them, ahead on closing bell. Lets start with this friday selloff, bob pisani on the floor here at the exchange. The bottoline is we are not getting any bounce at all. We opened we gapped down more than 20 points on the s p 500 and essentially we have been sitting at the lows all day. There have been really no significant attempts to rally and every time we have hit a lower low weve seen a little spike in volume. Five to one, seven to one, somewhere around there declining to advancing stocks, notably weak of course oil and oil stocks under new lows here, right across the board, apache, big company down 6 , here is exxon, the majors arent down nearly as much, down about 1 . Defensive names a