Degrees which is still below average for us. Thats just the beginning of a cooling trend that will send our temperatures into the high 70s right over the weekend. Ill let you know when were getting rid of the showers. Thats coming up in my first alert forecast. Lets go to katy for a look at traffic. We are dealing with wet roadways as you pointed out. I first want to talk about a breaking news situation in camden. We have a reporter on the scene. Theres a fire at 4th and spruce streets in camden. An alternate is 2nd or broadway. I was able to zoom in one of our center city cameras that faces camden. You can tell this is an active scene. Youll get a ground view of that in minutes from now from jesse gary. Avoid this area if youre driving in camden this morning. Taking a look at some of the wet roadways, route 73 at academy road. Some slick spots but theres not a lot of cars on the roadways. Its a friday in late august. Were dealing with not a lot of traffic in the area. Theres an accide
Hour. Anything kand often does happen in the last hour of trades. Stay with us. Well bring you all the details as they play out. It will been exciting close. Joining us ken mahoney, joe hider, Steven Parker of jpmorgan and lynn siindsey bell and our own rick santelli. Weve seen a growth bid this week. I have been talking about it all day. Consumer discretionary, tech materials. Is this finally the year for growth . Its been dzefensive for a while now . I think its a great sign for the market. Last year was a tentative rally. We saw things like utilities and staples leading. As yields were coming down investors were looking for other sources of income. What weve seen over the last couple week those cyclical name, the tech names, Consumer Discretionary names are starting to catch that bid and thats a positive sign. Is this normal for this stage of a recovery . Were in year six. Had isntthis isnt a normal recovery. A lot of what has been driving this is the yield. A lot has been focused o
Covering the games will be covering that. Well go to kayla with some of the top stories. Dangerous element six weeks before the winter games are set to begin. Elsewhere in corporate america, apple is just saying no. The company urging shareholders to vote against carl icahns 50 billion stock buy back proposal. No word yet from the billionaire investor. Apple releasing details of tim can cooks pay. He took home 4. 25 million which is on par with what he made a year ago. He gave up 7100 shares tied to an annual performance award. That was based on august 2012 to 2013. The stock in that time lost a quarter of its value. Those options set to vest worth just about 4 million. So a drop in the bucket for tim cook but, nonetheless, there are some repercussions for the apple stock price. To anyone else thats money but chump change. He m us must have had a big payoff. 2004. Two waves, five years and ten years. He actually asked the board himself, can these vest on an annual basis equally and tha
soak the rich. occupy wall street. oh, my gosh. all this in front of the afl-cio building trades union today. here is the amazing thing. nott once in the speech did he mention the keystone oil pipeline where hundreds of thousands of blue collar jobs would be created. in full reelection mode, obama never even mentioned it. instead, he was too busy bashing successful people. in just a moment, the dnc and the rnc are going to face off on the president s mayday preview. also this evening another new york sometimes piece on business, this time targeting apple for legal tax planning. now, folks, the world s largest company paid $8 billion in taxes last year. they re responsible for 47,000 jobs in the u.s. probably another 250,000 support jobs. wouldn t you leave for a low-tax state yourself? where is that news? plus, there is a key economic debate tonight. should we be scared of an economic down shift, or is all this talk of america in decline just that, only talk. all right. w