Street that the Federal Reserve is likely to cut rates as soon as next month. With stocks back at record highs do you trust in the fed and keep pressing the buy button, guy no. I know it is wedding season dont use this song. It is amazing she is in my head if you are thinking about playing this song, dont do it. Theres no circumstance this song should be played at all. Sounds like he played it at his wedding. No, i didnt. Anyway, back to the record high. Yes, label me skeptical listen, lets go back a couple of months and i thought the s p 500 would get down to 2650 it got down to 2730 so i was off there. Here we are. I understand why it is happening, and frankly the reasons dont matter if the market went up and you were long you made money and thats the bottom line i will tell you, label me skeptical with 24 of global sovereign bonds with negative yields, with gold making a fiveyear high, seemingly breaking out to the upside, with utilities making alltime highs, with every asset on the
And welcome to power lunch. Im melissa lee. Heres what else is happening at this hour. Stocks pushing higher with the dow and the s p 500 erasing all of septembers losses while the nasdaq on pace for a record close here. Existing home sales falling 0. 9 last month. Economists were looking for a gain. And North Carolina under a state of emergency following days of Chaotic Street protests after the Fatal Shooting of a black man by police. Weve got a live report straight ahead. But first, we got to get to Tyler Mathisen live at the iconic conference in boston. High, ty. Melissa, thank you very much. And its great to be here in boston at the iconic conference where we bring together some of the biggest business icons like todd wagner whom you just heard from on scotts show just a few moments ago. And some budding entrepreneurs, people whove either made successes out of businesses or want to. And in just a few minutes im going to talk to one very inspiring guy, Daniel Lubetzky, founder and
Viewing area yesterday ranging from sunny in the 40s out west to snowy and barely making it to 20 to the east, well basically see a reversal of yesterdays weather in terms of the timing of light snow. Unlike yesterday, pretty much everyone will spend a fair amount of time under the clouds with occasional peeks of sun this morning before light snow starts to move into our western counties early this afternoon. Itll gradually spread eastward throughout the afternoon and evening and exit the viewing area by midnight leaving many with, much like yesterday, a dusting up to an inch or two ofofhe white stuff. High pressure will then make its way south into the viewing area fridayy which will translate to a day offdeceiving suushine with highs only making it into the teens. After dropping below zero friday night, well see another cold day saturday with the possibility of light snow from saturday into sunday as temperatures finally get a decent nudge back into the 30s and 40s late this weekend
west 140 140th street. in that accident, one vehicle overturned. then a 20yearold woman died when a wrongway driver hit her head on. that happened between ridge and teeterman road. lets check in with hollie. the snow was coming down. we have been talking there are slick conditions out there. slushy in spots for sure, if youre waking up. if youre one of the ones that leave in the next little while, a lot of the roads will be wet, but, yes, weve had snow overnight while youve been sleeping. its a trace, an inch or two at upper 20s to around 30 degrees. by 9 00 we will have dried out. snows will be fading. were already seeing that. look at the difference with just this past 30 minutes. weve noticed a big change with snow showers already dissipating. well continue to track them and keep you updated. dani is keeping an eye on road good morning. good morning to you. as we take a look at the traffic map, were green. again, were seeing wet roads because of the snow showers that weve been deali
the screen where there are ialert delays. these are mainly in rural communities. side streets are snow covered. theres some delays. most of the has already moved out. im going to show you in just a second. were expecting to see sunshine today. temperatures in the 30s. upper 20s to around 30degrees right now. on radar, over the past couple of hours, snows have really faded quite a bit. in fact, with the exception of just a few flurries, most of you are dry at this point. but, that doesnt mean that there arent slick spots. roads are still slushy and wet. side streets are the Biggest Issue this morning. dani has been keeping an eye on several accidents. i almost got into one this come to work. we have a number of accidents throughout the region. were going to fire up the the left lane is blocked, as you can see here from the pictures. scooch over to the right. were not seeing any delays in that area because of that. to the north, we have an accident at lake shore boulevard. just north of