The 200 Day Moving Averages. The nasdaq where the biggest pain is today. Several megacap tech names see moderate shelling. We see the names with amazon, which is sharply lower as the ftc hits the company with an antitrust suit well have an update on that in just a little bit. Alphabet, apple, microsoft, theyre all lower as well. Take a look. 2 declines. That does take us to our talk of the tape is there still a bull case to be made for stocks in the years final stretch . Some suggest despite all of what we just said, the answer is yes. For more, lets bring in adam parker, founder and ceo of research, and cnbc contributor lets say that i was talking to mike santoli came up to me and said President Biden obviously went to see the striking uaw workers today. Said him saying he supports a 40 increase in pay for uaw workers sent stocks lower. I was looking at gm and ford, they were lower. Put that into context as one of those areas that has us uneasy in the markets today. Right we have wage
Gains and losses for much of the day before surging in the final hour of trading. The dow travelled 5500 points in total when you add up all the moves. With yesterdays rally the dow and nasdaq recovered about half of mondays losses show you whats happening in asia. S generally improved asian markets were mixed, flat hang seng lower by almost 1 shanghai off by 1. 2 europe this morning, positive across the board gains of a half percent generally. Lets go show you whats going on with the yields which has been so interesting in the wake of that wage data on friday the 30year is yielding 3. 03 . Tenyear note at 2. 7 2. 76 we had gotten up to 2. 88 on monday that led to a lot of selling its a key level well talk a lot about as we move through the morning. Fiveyear note at 2. 49 the twoyear at 2. 0. Well have more on the markets as you can imagine in just a moment we have also a breaking Corporate News story making a lot of waves steve wynn is now officially out as ceo of his Company Followin
Arrest illegal fireworks. An officer overheard someone talking about selling fireworks. The suspect walked our officer to another location, where two more individuals were waiting for the fireworks. After the transaction was completed our officers took the suspects into custody. To asking price for the fireworks in this bag, 300. After arresting the men they found more bags filled with fireworks. Bottle rockets, and a couple other motors not areas mortars. This is the second bust of the day. This afternoon two juveniles were arrested for possession and sales. They will be charged with felonies. They like the shoot off fireworks, but its dangerous, you can lose limbs and get hurt and another year of drought, fires can start easily. This year sales of illegal fireworks are slower but expected to pick up. The 4th of july the last push to get rid of the fireworks before monday. Police tell me all six people arrested today are from fran. San francisco. The three men arrested tonight have pr
Better idea of what we are facing this weekend and i know its going to be cold. Scott. It certainly is, good evening, chris and dawn. Were talking about the return of the polar vortex. Here in old city, folks are bundled up, bracing for the cold. You can see at the bus shelter there they have their layers on with their heavy winter jackets. Theres a pep in folks step as well as theyre just trying to dodge some of those frigid temperatures that we are seeing right now which is really just an opening act for the upcoming weekend. So take a look at that dip in the jet stream. The polar vortex all of that arctic air is headed in our direction. 25degrees right now but factor in that wind it feels like 17 already in philadelphia. 13 degrees the air temperature in the pocono mountains. Elsewhere were looking at low to mid 20s across the area but once again how your body reacts, how you should dress, 15 is wait feels like in lancaster. 18 degrees what it currently feels like in Atlantic City.
Eight and its only going to get colder over the course of the Holiday Weekend right now philadelphia 22. Eight in the poconos. 20 in wilmington with the wind it feels much colder. Feels like eight below in the poconos right now eight in allentown 10 in philadelphia and nine in millville and atlantic city. By the time we wake up tomorrow morning, and head out the door about 7 00 a. M. Were going to watch those feel like readings fall very quickly. It will feel like five below in the poconos. 7 00 a. M. Seven in philadelphia. Four in reading and allentown and five in trenton. We had one arctic blast that moved through early this morning with some snow showers. The second one comes in tomorrow night and we will feel the wrath of this arctic air by saturday and into sunday when wind chill watches going in effect. More on that later in the broadcast. Talk to you then, kathy. Make sure youre ready to walk out the door in the morning when the fox 29 weather and traffic authorities you can wat