South could make history if they vote to unionize. Theres also a lot on the line for big labor if it goes down in defeat. All that and more tonight on nightly Business Report for wednesday, february 12th. Good evening, everyone iim sue herera. Susie gharib has the evening off. Im Tyler Mathisen and i am not a winterholic. I am so done with it. Our lead story tonight is not about me, its about the economy and how its being affected and in a big way by the most brutal run of harsh Winter Weather in years. Another massive ice and snowstorm called winter storm pax slammed into atlanta and North Carolina today and will be making its way through virginia into the northeast tonight and tomorrow. Some forecasts call for up to a foot of snow in and around philadelphia, new york city, boston. About one out of every three americans will feel this storm. It will close schools, snarl traffic, ground planes and more important for business, exact a toll on Economic Activity. So what is the real cost
Vote to unionize. Theres also a lot on the line for big labor if it goes down in defeat. All that and more tonight on nightly Business Report for wednesday, february 12th. Good evening, everyone iim sue herera. Susie gharib has the evening off. Im Tyler Mathisen and i am not a winterholic. I am so done with it. Our lead story tonight is not about me, its about the economy and how its being affected and in a big way by the most brutal run of harsh Winter Weather in years. Another massive ice and snowstorm called winter storm pax slammed into atlanta and North Carolina today and will be making its way through virginia into the northeast tonight and tomorrow. Some forecasts call for up to a foot of snow in and around philadelphia, new york city, boston. About one out of every three americans will feel this storm. It will close schools, snarl traffic, ground planes and more important for business, exact a toll on Economic Activity. So what is the real cost of all this wicked Winter Weather
Vote to unionize. Theres also a lot on the line for big labor if it goes down in defeat. All that and more tonight on nightly Business Report for wednesday, february 12th. Good evening, everyone iim sue herera. Susie gharib has the evening off. Im Tyler Mathisen and i am not a winterholic. I am so done with it. Our lead story tonight is not about me, its about the economy and how its being affected and in a big way by the most brutal run of harsh Winter Weather in years. Another massive ice and snowstorm called winter storm pax slammed into atlanta and North Carolina today and will be making its way through virginia into the northeast tonight and tomorrow. Some forecasts call for up to a foot of snow in and around philadelphia, new york city, boston. About one out of every three americans will feel this storm. It will close schools, snarl traffic, ground planes and more important for business, exact a toll on Economic Activity. So what is the real cost of all this wicked Winter Weather
And s p up 1770. Money moving into equities in a big way. Bob pisani, todays jobs report putting the taper talk back on the front burner and yet we still have a rally in stocks. Thats right. Where we saw damage was in Interest Rate sensitive stock, the tenyear moving slowly toward 2. 8 . Take a look at Interest Rate sensitive groups. We had damage earlier in the week. Im going to put up the whole well, reits, emerging markets, housing, telecom, utilities, all down today. S p 500, worst day in two months yesterday. Look here. Thats a perfect u, a twoday chart. Doesnt get been than that. The important thing about today, is the beaten up groups today, the bioTechnology Stocks, some of the oil stocks, the xop, the airline stocks, and the momentum names like zillow and netflix, baent up earlier in the week. Financials, higher rates, increases chance banks could charge more for loans, they move to the upside. Twitter, slam bang open yesterday but drifted lower going into the close. Right off
The next big thing is you will have to stay tuned for that governor. Cisco reporting earnings about an hour from now. The tech bellwether rattling markets late last year with a weak financial outlook. Should investors brace for more bad news or with expectations this low, will cisco surprise us to the upside . Well get you the information first and well have a full analysis as those numbers hit as well. That will probably set the tone for tomorrow, but theres also something thats going to set the tone for tomorrow. A major Storm Brewing in the south, and not even talking about the weather. This one is all about a key vote to unionize a tennessee auto plant, something that has not happened in the south ever. The president of the united autoworkers will be joining us on the closing bell exclusively to talk about whats on the line in that story. Very important coming up here. And here is where we stand in markets as we head into the final hour of trade. The dow is giving up about 50 point