People worried about washington keeping their spending type. Time for stocks now. Nicole petallides is at the new york Stock Exchange. Nicole the dow is down about ten points. The s p pulling back one quarter of 1 . A lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. The sector that was really lagging where the retailers. Oil has been moving to the upside. There is a lot going on with that. And oil spike of two dollars. Now, lets take a look at technology. We do see some of the tech stocks doing pretty well. Hewlettpackard and intel have been among the real losers for the year 2012 on the dow. Today, you continue to see this trend which is a little better. Back to you. Dagen thank you. The senate returning to washington tomorrow. The president , as well. Five days left to revert the fiscal cliff. Now that plan b is that, will there be a plan c or f for failing . Peter president obama expecting to arrive in d. C. Tomo
Happy new year to you from the fox business network. Were monitoring the situation on capitol hill. They could be a vote from the senate, we will go over the fiscal cliff. The u. S. Economy will likely do a belly flop or the u. S. Economy holding on for its your life depending on the fiscal cliff outcome. Rich edson on capitol hill with the latest on if there will be a vote and the Vice President getting involved once again. What is the latest . He will arrive sometime this evening because there are a number of Senate Democrats have issue with the framework between Vice President joe biden, the senator himself and Senate Minority leader mitch mcconnell. The framework of that, the tax portion is a done deal exempting income of 400,000 for individuals, 450,000 for married couples, families from a tax increase. It also puts the Capital Gains tax keeping it consistent to me to those rates for income above that Capital Gains tax goes to 20 . Presley patches the minimum tax ensuring live we
Live tracks, the responsibility of the safety is on themselves. National Transportation Safety board says one of the men supposed to be a lookout, being off the tracks, and outside of the complete path of the train. That is something two men would have had to decide among themselves. National Transportation Safety board will be reenactinging the sin nair yes at 1 00 tomorrow afternoon, same time of the day as accident happened as a result, the track will be closed. And the board will be running buses between lafayette station and Pleasant Hills station, between noon and 3 30 tomorrow afternoon. National Transportation Safety board gathering records from bart and other agencies and looking at the relationship between bart and California Public utilities commission. John, thank you. Bart running a full schedule, 54 trains tonight at the abrupt end of a fourday strike. Trains began running about eight hours after bart and unions finalized a deal to end the walkout. Final touches being put
Here tomorrow. Heres storm number one. Heres storm number two. This one gets here tomorrow. You can see the atmosphere moistening up. You can see it right here getting radar returns. Not getting reports that its hitting the ground. All this moisture coming in is going to provide fuel for this storm as it comes in tomorrow. Wednesday at 2 00 a. M. Late tonight after midnight you see showers start to come in. We push forward into the morning commute. At this point you have showers showing up in the north bay up around santa rosa. Light showers as we push into the 10 00 hour the showers thicken up. Oakland starting to get wet. San francisco youre wet at noontime as well. The real push of this storm will be wednesday. Well see you back here. Tonight south bay water customers are being asked to cut back even more not 10 of their water use by 20 . Ken pritchett is live. He found out if recent calls for Water Conservation are actually paying off, ken. Reporter the Santa Clara Valley Water Dis
Lets take a look at conditions now this, is our mount tam camera. You can see rain drops on the lens. Winds are swaying trees lets get the latest now from abc7 weather anchor Spencer Christian. Here is a look at live doppler seven hd. You can see by greens and yellows weve got rainfall spread across the bay area now and more off shore. Lets close in on this area, though. East bay and south bay, were getting a steady rainfall in east bay lobings Like Union City and pleasanton. And down in fremont look at animation sheing you the sweeping radar now. Weve got the movement of the radar, looping radar is what im trying to say. More patches of moisture moving into our direction and pretty intense activities out to sea going to bring us more heavy rainfall overland shortly and a bit of a lightning going on about 125 miles off shore may work inland in the evening hours. We also have another element complicating the weather picture, strong winds developing along the coast. Gusts could reach or