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First a check in on the market the dow lower by nearly 300 points moved low er perhaps by the fitc rating plus, some street talk around discover financial the company ceo resigning. That stock down more than 10 . Also, good news, bad news. The good, Warren Buffett adding a stake in the stock bad, home Builder Sentiment dropping sharply with rates over 7 . We begin with the warning from fitch the firm saying it may be forced to downgrade dozens of banks, big ones, including jp morgan chase, coming after recently downgrading the United States credit rating. For market reaction, lets bring in doug butler, director of research at Rockland Trust what has got fitchy feeling so well, i could rhyme but i wont. Ill also not go there. But again, fitch downgrading the banks, ....
Trenton, maryland and tonight, we know all kinds of heroics, quick thinking, even a cell phone, to help save lives in your community. All of this aimed at two people, alive right now, probably wouldnt be. Hughes scott broom. With a modest cape cod house, burning at 6 30 this morning. A documentary photographer, riding along with firefighters, is there to capture the moment that firefighters pull a young woman, not breathing, out of the house, assisted by a sheriffs deputy. Immediately, a rescuer starts cpr, while another works with a defibrillator to restart her heart, literally brought back from the edge of death. She was the second person to be pulled from the house. And both are alive tonight. Heres their uncle who visited the house this afternoon. [ inaudible ] reporter every second counted during the crisis here this morning. And this whth track for a very different and very tragic ending. But thats where quick thinking sheriffs deputy out here, and a new app he had on his cell ph ....
Is always about money. Melissa our top story tonight, it is the holy grail of the energy industry. How to store electricity once it has been produced. Like saving solar energy for a cloudy day. A new project with giant mirrors in the arizona desert is currently catching the heat from solar panels and holding it so it can be used anytime you need it. The process is very closely watched by experts as a possible gamechanger. Here to explain is pat dinkel, from Arizona Public Service the company with the cuttingedge technology. We have nick lori is from the heritage foundation. Pat, let me start with you. How does it work . Explain it to me. Melissa, you did a nice job at front there. Melissa thank you. That is good thumbnail. Really traditional generation uses a lot of it uses steam to turn turbines to create electricity. It is helpful to think about that rather than photovoltaic solar energy. What this does is use about thre ....
Is always about money. Melissa our top story tonight, it is the holy grail of the energy industry. How to store electricity once it has been produced. Like saving solar energy for a cloudy day. A new project with giant mirrors in the arizona desert is currently catching the heat from solar panels and holding it so it can be used anytime you need it. The process is very closely watched by experts as a possible gamechanger. Here to explain is pat dinkel, from Arizona Public Service the company with the cuttingedge technology. We have nick lori is from the heritage foundation. Pat, let me start with you. How does it work . Explain it to me. Melissa, you did a nice job at front there. Melissa thank you. That is good thumbnail. Really traditional generation uses a lot of it uses steam to turn turbines to create electricity. It is helpful to think about that rather than photovoltaic solar energy. What this does is use about thre ....
Netflix. One streaming Company Accounts for more than a third of primetime internet traffic. Would you pay 84 million for boxes with lines between them . 60 million worth of contemporary art. Varney and company, we are about to begin. The big names which are moving, they make tractors, heavy equipment, global company, considered an economic indicator, lowered their sales forecasts, the stock is down 2 . After that long hard winter, not much reaction to the stock up 0. 20. Overall stocks taking a breather, look at the big board, down 52 on the dow, 16662. I would say we are three solid rally away from 17 k, eager to use the new graphic which we have available. The s p 500 flirting with the 1900 level, hit that yesterday, fell back but still pretty close to record territory. That is the broad market. That is your snapshot of the market. The top story of the day which affect your money, democrats want to make it more difficult for ....