From tesla sent into over drive. And general mills, pitching the next best idea, why they say this gaming stock is a total home run we start off with a record run on the nasdaq with a new alltime high since february and do you on the best winning streak since september this coming as States Reopen if some form from the coronavirus shut downs and as cases are starting to rise, so does the markets resilience. In spite of this proof the rally has staying power. Guy. Its remarkable, isnt it again, a lot of people say this is pretty obvious, was easy. Clearly wasnt easy for me, number one im not going to all of a sudden change course. I respect the price, have to absolutely respect it. One thing ill point out is this, in march there were couple days we saw what i deemed back then indiscriminate selling that was a good sign to lead to capitulation today wasnt buying to that magnitude but did you see some stocks higher so maybe were getting close. Again this phased out at 2800 in s p where 40
Housing data rebounded with Building Permits at their highest levels in 12 years we are set once again for record time close on the nasdaq anything positive, of course, is a record the s p has just dipped negative the dow has been negative for most of the afternoon. Joining us for the full first hour of the show, steve weiss from short Hill Capital Partners steve, very good to see you. How you doing . Good to see you what stands out as to whether or not were going to issee a meaningful move higher or lower . Its all about trade. Home depots announcement aside, which wasnt terrible wasnt terrible or was terrible was not terrible. And the stocks appropriately are saying, theres lots of people buying it into the earnings. And home depot, lets face it, theyve delivered remarkably over the last decade, particularly since new management came in but i dont think its really a referendum this report on the health of the consumer, which is what the market is based upon. And appropriately, were b
We have update on fire in the bronx. They think it started with a stove. Not that far from the bronx floor. Started before 7 last night and when a woman left her burning apartment she left her door open which allowed it to spread. The fire quickly spread up the stairs. Fire travels up. The stairway acted looicike a chimney. Took the fire so fast they had little time to react. Couldnt get back down the stairs. Those that tried a few of them perished. In fact, of the 12 people that died, five of them never even made it out of the burning building alive. There were more than 20 units in the building, but Officials Say the building wasnt new enough to require some of the fireproofing measures like sprinkler system. Four people remain in the hospital in critical condition. Chopper area. Five dozen people, including many children, were forced to evacuate the building off Georgia Avenue near hewitt. In the aspen hill area. More than 100 firefighters responded last night. And we just learned t
University camera. Its feeling more like winter than fall. Meteorologist chris sowers joins us with a look at the very cold temperatures. Hat on, chris. Reporter its cold out here, welcome to the frozen tundra of philadelphia. Feels like the middle of january. Freeze warning continues for the next few hours in effect until 10 00 a. M. Temperatures in the teens in some locations, most of us in the 20s, one or two locations have dropped to 18, 19 degrees. Actually lets look at the temperatures bonechilling cold. 13 right now in the poconos. It is 18 degrees in lancaster. 23 for philadelphia. Wilmington, youve set a new record low for today, 21 there. Cape may, 25, atlantic city, you tied your record low, 22. Dover, 22 degrees, heres what stings you when you step outside. The winds are Strong Enough to produce windchills somewhere between 10 and 15 degrees above zero. Feels like 15 in allentown. 13 in philadelphia. 16 in trenton. Satellite and radar should be a nice looking day today. Wel
Wegmans and down to curtis toward the cemetary. If youre traveling toward the ellisburg circle. That area is shut down. You can see the traffic on 70 eastbound you can see we have people out here. They are diverting traffic off right now. 70 eastbound shut down between the areas in cherry hill because of the gas main break. Katherine scott is live on the scene. Shell give us the update. You can stick to chapel avenue. 422 trooper eastbound traffic heading toward king of prussia almost a touch of building volume, but no major delays as you look at the travel time. We have a five minute ride between oaks and 202, a few people waking up and hitting the road on 422, a good shot of the road conditions, as well. Were clear and dry through the area right now. I want to take you to kelly drive, it is regatta season thats great news if you like regattas, bad news if you like to travel on kelly drive. It is shut down between kelly drive an Mountain Green drive until saturday you will see extra c