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June 21, 2024
Over the area at this point. But we can see the back edge of the steady stuff in reading and lancaster and wilmington right now. This is predominantly a morning event. Beyond this well have a chance for a shower. You can see on satellite and radar out to the west we have showers that are associated with a front that pulls through. We have steady rain this morning, and chance of a shower later on. 56 degrees temperature moved up a little bit. Not feeling bad out here thats for sure. 9 00 a. M. , ...
June 20, 2024
We think this is where they will unveil their galaxy as five. This is happening in downtown manhattan. We have also been talking about Mark Zuckerberg speaking from mobile world conference. He just wrapped up a keynote there. Tradeshow attending a like this is proof that mobile is a huge priority for tech giants like facebook. The company is fresh off their acquisition of the messaging platform whats app. Lets hear what zuckerberg had to save the big price they paid for the service. By itself, i...
June 20, 2024
To Monetary Policy. Rates will be staying where they are right now, which is close to zero, of course. Until at the very least the jobless rate falls to 6. 5 . We can only cross our fingers wherefore when that might be. Ben bernanke says these changes will make the central bank more transparent adding they can only help the markets. The central bank ramped up its Asset Purchase Program adding 40 billion to its 40 billion a month purchases of mortgagebacked bonds. He spoke about the objectives du...
June 20, 2024
Overnight in shanghai down almost 4 as the yuan sits near a sixmonth low. The roadmap begins with the markets, the s p starting off shy of the fresh record high and the nasdaq beginning from right around its highest level in 14 years. Home depot is posting quarterly profit above expectations and boosted dividend. Different story with macys and shares slipping after same store sales came in below expectations. And jpmorgan expected to announce job cuts in its mortgage and consumer business. The b...
June 20, 2024
Few minutes explaining some of the implications of all of this. But here i am trying to get across the notion that the data factory benefits from unpaid contributions from lots of people and hear, to give the sense that the data factory is actually selling a whole bunch of services, that most importantly allow the purchases of those services to make money for themselves. But you can see now how powerful the position of these data factories has become. So, here is one example in this is the only ...
June 20, 2024
Cliff. Our very own lou dobbs is not buying it. Adam our very own Nicole Petallides is on the new york stock exchange. Where do we stand right now. Right now the Dow Jones Industrials are down nearly 60 points. The nasdaq composite is down three quarters of 1 . Not a great day here. There are concerns about the fiscal cliff. We just have the deadline timeclock up again. We know that we have very accommodative feds. Lets take a look at some european markets. Finance ministers have been discussing...
June 20, 2024
Reporter during his brief Court Appearance Joshua Cooper was assigned a temporary public defender. However he told the judge that he has a job, taking home 700dollars a week and intends to hire a private attorney. Reporter the charges stem from a recent incident at his fairfield home where cooper lives with the babys 17yearold mother. Fairfield Police Allege that it was here that cooper bit the nose of the baby boy out of frustrationbecause the child wouldnt stop crying. Me in my heart i dont th...
June 20, 2024
Strike continues at this hour as does the headaches for commuters. 13 train lines that take people from the city to the suburbs are sitting still. Governor tom corbett asked president obama to step in. We go live to the powellton yard with Kenneth Moten. Reporter president obama stepping in is neither the union or septa wanted because its a temporary solution. Come monday if these trains are not hoove moving commuters will feel the dispute. The hustle and bustle on the concourse was none exist n...
June 20, 2024
For the time being. Our road map with the markets under continuing pressure after logging their worst day in more than a month yesterday. Jc penney reporting a smaller than expected First Quarter loss and nordstrom reporting a better than expected firstquarter profit. The seafood lover darden selling red lobster to Golden Gate Capital for 2. 1 billion in cash. A whale tale, the money swimming into verizon. Well explain that later on. All right. Futures as you said, you saw relatively stable afte...
June 20, 2024
Why is it your data safe with some of the biggest american retailers . On the heels of the target breach, name and marcus also says it is a Neiman Marcus also says it is a victim. And it is an app that many had given up on, but now foursquare has features to tell you what is good nearby and send you on the spot. We have more on the turnaround. And it is more than just robots. We explore Artificial Intelligence in a special weeklong series, starting with a look at how ibm is betting watson can do...