In the wake of the tax bill, mostly passed, the dow and s p 500 are now rising. They had been wavering. The nasdaq falling as we see tech stocks under pressure but financials have been getting a list on perception the tax plan will be especially good for them. We have been watching upward momentum on the s p 500. If you look at the bloomberg, this is the ratio of the s p 500 to its 200 day moving average, trading well above that level. In terms of what percentage, by what percentage it is above the 200 day moving average, you can see by that metric, the s p is not necessarily stretched as folks figure out how much more the rally has to go. We have other related movers today. Fedex, speaking of taxes, this company says their profits will be higher than estimated as we see record holiday shipping. It is also potentially going to get more earnings as a result of tax cuts. Blackberry out with its numbers. Winning new customers from government and private firms. Their revenue coming in ahea
And some hospitals are now putting tighter restrictions on the visitors there. Kpix 5s kiet do joins us live from San Franciscos Oconnor Hospital. Good morning. Reporter yeah, good morning. You know were live here right on the front lines of the battle against the flu. Were r hospitals are taking some drastic measures to stop the spread of the disease. Here at Oconnor Hospital theyre asking everyone whos entering the hospital to wear a mask even if they have had the flu vaccine. Its meant to protect you and everyone else. Theyve even posted a sign complete with the Security Guard restricting anyone under 16 years old from entering. We saw one girl get turned away when she tried to go in. Theres a lot of children that are sick right now. And theres other viruses circulating in the community that are affecting primarily children along with the flu. So theyre tending to be a good population to bring something into the hospital. We want to keep that out. Reporter also discovered bay area p
Investigation for processing transactions for iranians and sunnis, violating sanctions. The police are using showcasing stew find a person who opened fire on two officers in ferguson, missouri, last night. One of them was shot in the face. They were shot outside the police station. Both have been released from the hospital. We know those two officers took a very hard hit. Any time you take a bullet to the face and have a bullet lodged in your head one going through the middle of your right back by gods grace, we did not lose two officers last night. Cory this is one day after Thomas Jackson resigned as police chief after a scathing Justice Department report showing racial bias. Charter communications in communications with bright house networks. They say both sides have agreed to the outline of a potential all stock deal. They are not expected to announce a deal until after regulators rule on comcast and time warner cable. The fcc has finally made an approval to show us all the interne
Very hard hit. Any time youre shot in the face and have a bullet lodged in your head, any time you have a throughandthrough wound where the bullet enters your shoulder and comes out the middle of your right back those are hard hit. Were lucky, by gods grace, we didnt lose two officers last night. Cory the officers have been released state police are assuming control of ferguson. Protests rose again after the police chief arrived fol resigned following a report that showed extreme bias. Disney announced its working on a sequel to the blockbuster film frozen and there are three star wars films in the work with detailed of two more announced today. The first of the films will be released in december 2016. Oscar nominee chris withes is writing the script, and were thrilled to have oscar nominee Felicity Jones in a starring role. Im also very pleased to announce, drum roll, please, that the title of the movie is rogue one. Cory disney says it will release 11 more marvel films in the next fo
Tim cook apple watches the most personal device we have ever created. It is not just with you. It is on you. Since what you wear is an expression of who you are, we designed apple watch to appeal to a whole variety of people with different tastes and frank references. Cory the watch comes in aluminum, stainless steel, and gold. Apple also unveiled a new macbook. Even though it is the second time apple has unveiled its watch, it still got a lot of attention. Gene munster i think this will take a similar trajectory as other apple products like the ipod or the iphone. With consumers actually running out and buying it, it will probably be a year or a year and a half but they have laid the foundation for that. Reporter do you think customers, consumers Pay Attention to what the apple watches for . Gene munster that really depends. It will spark understanding for why people will want to go out and buy the watch. They gave some great examples, but some might be a small case. For example, remo