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oil is nearly unchanged. we begin with janet general on the hymn, day one of congressional testimony. the market awaits any change in interest rate policy. disney and time warner both report earnings but fail to catch a bid. yes, earnings were beat. most stocks sharply lower. we ll fill you in. trump-sanders taking the state t. race moves on to south carolina and nevada. but first up, we re less than an hour away from general s spy annual testimony on the economy and monetary policy. this morning, she ll appear before the house financial services committee. tomorrow, of course, the senate banking committee. in her prepared remarks, she says financial conditions have recently become less supportive of growth and a lower path of fed funds rate would be appropriate if the economy were to disappoint. but she adds, she still sees moderate growth ahead 245 would allow the fed to pursue gradual rate increases. we will bring you live coverage at 10:00 a.m. eastern. she talk ....
a bruising found on the body. weather. still talking on and off again lake-effect snow showers. we have warnings in place until this afternoon. the west side has seen an increase of the darkest pup police on 80 we have the heaviest snow at this hour. it makes its way to elyria. notice heavier snow here in the eastern corner of lorain heading to cuyahoga and strongsville. north olmsted light rainfall. moderate pockets farther south northern medina into summit. hinkley to brunswick, 271 and a little on 71 seeing some heavier pockets of snow. visibilities will be done in seen this story for over 24 hours. it picked up yesterday about this time. we are not seeing anything like yesterday which is good but moderate pockets here in geauga, southern sections of lake pushing into ashtabula. for the additional story of the temperature, teens. daytime high only 19. with the extra winds at around 13 to 15 miles per hour, it feels like many of us are close to zero degrees. we will ....
the truth on behalf of the families for the four dead americans. i should not be a distraction from that, and that s part of the decision as well. thank you very much. there s been some rumors that a letter that was put out by no. can you put to rest those right now? no. come on. who do you think [ inaudible ]. huh? who do you think i think the conference should be able to decide. thank you all very much. okay. that was kevin mccarthy listening right there just a few moments after he shocked a lot of people pulling out of the race for house speaker. he said of the party, i think we re going to be stronger. he admitted that the vote was going to be tough, said he didn t want to win with 220 votes, would rather win with a much larger majority and also commented on the comments he made regarding the benghazi committee saying that wasn t helpful to the overall process. we re sort of left in limbo as to where the vote for house speaker goes from her ....
200-mile-an-hour winds and it s heading right toward mexico. we re tracking this very dangerous situation. we begin with the rally on wall street with another big rally. this time it s thanks to a rate cut by china and also some very good earnings right here at home. for the technicians out there, the dow, the s&p, and the nasdaq have crossed above their 200 day moving averages with the s&p now going positive for 2015 joining the nasdaq in that camp. the dow is still negative year-to-date. we re on watch for that as it s up by 106 points right now. the s&p is gaining by 0.8% and the nasdaq is the clear winner, tech is leading the way up by nearly 2% for that index. let s get more trading action this hour. mary thompson from the nyse floor, but first morgan brennan, you have the big star at the nasdaq. i know. it s really the nasdaq has been soaring today, up almost 2%, 1.9%, 94, almost 95 points to 5,014. this is first time since august 19th we ve seen the nasdaq ....
and it has to do with change. change nobody can believe is, for example, i go and talk about stocks, you know, i talk about stocks witpeople. they ask me to what look at? why don t you look at mcdonald s? check out mcdonald s in europe, they check out my face. they re pressing me. you know what they say? i always love the take, question, fries, big mac is delicious. i love their smoking coffee. you can t beat the egg mcmuffin. we are in a health society. no doubt. we also live in a guilty pleasure, mcdonald s has guilty pleasure written on it. i think cnbc knows that, they know how to somehow get back to the basics of quick service and a value meal that tastes good, throw in chicken and biscuits, you will do great. burger king is doing great, why not? i wouldn t confuse domino s and call kfc fresh and organic? you know what i mean? so why the heck can t mcdonald s throw itself around, too? it s the execution that s been the problem, not the unhealthy food, if it was foo ....