30s and low 40s. Thats not too cold. By noon, temperature near 50. Thats when the northwest wind sets up shop. Temperatures back into the 30s as early as 5 00 this evening. Windchills back into the teens by early this evening. Be ready for a big drop in temperatures. Have your nbc washington app downloaded and ready to go with your custom tailored, storm team 4 forecast. You can follow me on social media and forecast for you on instagram. The cold weather is going to be here for a couple of days and snow chances as well. More about that part of the forecast coming up. For now, over to melissa. Good morning, chuck. Taking a look at whats going on around town. Silver spring, chopper 4 over this columbia pike after New Hampshire avenue. Right side of the roadway is closed off here right now. This was a pedestrian accident this morning. Police telling us that the right side should be locked for some time as they get that out of the way. One person being of there. 66, 95, overall looking ty
Trading floor. Anxiety was high. Volume was heavy. The gainshe for year now gain. The s p 500 has lost more than on trill in market cap in february, and ity the third day of trading of the month. Heres how the major indexes closed today. E Dow Jones Industrial average dropped 1,175 points or 4. 6 , t. 24,3 the nasdaq was off 273. Thats a 3. 8 dip. And the s p 500 fell 113 points, or 4. 1 . Bob pisani reports tonightro the new york sto exchange. This was a roller coaster ride for the record books. At one point, the dow was alrey down 800 points going into the 3 00 p. M. Hour, then proceeded to drop another 800 ints in six minutes, then rallied back 800 points in the next ten minutes or so before ending down 1,175 points. We lost almost half a year in an atafternoon whhappened . We talked about the three risks the market is facing. First and foremost, inflation risk resulting from a stronger economy and a concern the Federal Reserve may raise rates quicker than expected. The markets pens
The end of this year, is completely unprecedented. For 30 years, the theory hasnt worked. Borrowing, Interest Rates, there is a zero correlation with it. Right now, rates are going up because of the fear inflation bankreturn and the central will have to exit a lot faster than people think. I agree it is not the deficit, it is growth with reflation attack. Attached. Treasury has more to finance a wider deficit, but also to the unwind of the balance sheet. Investors this is returning back where they came from. The yields overseas are grinding higher, but the hedging cost is where the challenges have been. If you look at the differences between hedging as a European Investor coming into the human at ash u. S. Markets, it is no longer a track to. Once you factor the hedging costs in. Joining me around the table, jones and back, kathy mike. Matt, it went well. 258 billion and the world is still rotating. Fancy that, we knew about the supply from a year ago. Here it is, the treasury market d
Comments out of theboe. You can see how the safety trade is not playing out with dollaryen higher and a mild risk off move after the Missile Launch it now back onto the dollar story. Gold going nowhere. Jonathan potential terrorism in the u. K. , several people injured in an explosion on a subway train in london. Police said they were treating it as terrorism on a number of people were injured, suffering facial burns and some were hurt in a stampede, according to the press association. No word of the whereabouts of the perpetrator. Station inen subway london was cordoned off as police investigated and north korea is another manchild launch Missile Launch in japan after the United Nations approved harsher sanctions against the regime while Rex Tillerson says these continued provocations deep in the north korean diplomatic and economic isolation. Joined by our chief agent economics correspondents. Editor forcutive international government. Walk three details as they come through in londo
A slight amount less than 1 . Yields up by one basis point. Sterling here, weaker you take retail sales, lower on the day. He wants a little risk off bid. Gold, the to look at one to watch. David its time now for the northern morning brief. Outeds claims will be 8 30 this morning eastern time. 9 30, eu leaders will meet in brussels and discussed illegal immigration and taxing digital companies. President trump will injured interview janet yellen, on whether she gets another term. If this resonates i was thinking the same thing. It would seem like, what why do want this job . [laughter] rates . Ou like low do you like deregulation . [laughter] are so your most recent speech, i heard you dont. [laughter] i think it reps up from there. What do you mean, most recent speech . Like, forget it, im out. Heading to spend for the latest, the president the government has announced they moving forward the process of this suspending the government, after the president refused to drop his claims. Jo