Parts of the economy are too good. We no longer need to be frightened that strong earnings mean look out. The Federal Reserve will make that earnings number the last good quarter. What a welcome relief. [ applause ] as march goes out not like a lion or a bear but a bull, the dow gaining 84 points, North Carolina up. 47 . How did this happen given how bad january was . I think we need to listen to the cautious janet yellen, the fed chief with the common touch who doesnt want to bring down the economy or bring down the world. Which is what january did, didnt it . Until she spoke yesterday we had to presume the economy was like a child. When you have too much fun, somebodys going to get hurt. Yellen changed the narrative. She said things are more fragile than they seem. She may feel there is too much fun on main street but there is no party. There is just a lot of people who arent doing well and a few doing very well. Yellen doesnt want to make the have nots worse off because of the socal
With heearnings season around t bend wont i be dis appoiappoin with what i hear . Today the averages started strong before pulling back. Dow slipping 21. S p dipping and the nasdaq. 36 . Its a good day to tackle the question. I was with my fabulous daughter all weekend and couldnt give anyone an in depth answer. I apologize. If i had a chance i would have said the action, the stock action is dictating my attitude. The action that has so many stocks hitting new highs in the last week alone. Some of it tends to happen right before you go higher. Not right before you fall off the cliff. Consider the stocks that made the new high list last week. First we had the consumer packaged goods plays. I would say they are too numerous to mention. Listen to this. Es today lauder, kimberly clark, cocacola, altria, conagra, general mills, johnson johnson, kelloggs, mckor oh miracle, molson. What do they have in common . They take raw commodities and make them into something. They refine them, package,
Crosses through. A Little Silver lining. You will get in the 70s both today and tomorrow believe it or not. No fooling. But there will be wet weather that comes witt. Lets go outside and start off by taking you outside for a little bit back in time to to give you a sense where temperatures have been and where they are going. They have been all over the place. They have been from anywhere from seasonal to well above average through the course of this week but there will be a day, down the pike here, that feels more like february, yeah, that is just how chilly air mass will be that settled in. But we will go from the 70s to the 50s backup to the 70s again today and tomorrow we think and our storm scan three nice quiet weather, some sunshine to help that along here. There will be more cloud cover then what we experienced yesterday. You can see why. Is there wet weather off in the distance. This is holding off for us until i would say at least, say eight or 9 00 oclock tonight and even the
People who slashed him on the forehead. He picked up three men in morning on union avenue and morimor street originally to drive them nearby to knicker booker. They ended up getting out on north fifth street and he offered to drive them for 10 and they said they could not pay. He said that is okay, what he told us. When hey got out of the cab, listen to what he said happened next. I said okay, have a good night. All of a sudden, one managed with his hand and slashed my forehead. What did he use . I dont know, i didnt see it. I put the car in drive. I dont want them to run after me or whatever. One left and the one in the middle slashed me basically. Reporter he said the three took off. He immediately called 911. The cab driver said that he was so proud the nypd responded so quickly, he said they were able been down at the 19th precinct and identified them. The police say they at least have the two of the three in custody and the cab driver saying they caught all three suspects and he h
Just a lot of construction. Roadways are dry right now. Today doesnt look terrible. We will see a rot of clouds but overall it just looks like a cloudy day. There will be a couple showers but storm scan, for the first time in a couple daises empty. Now we have got a lot of clouds out there and if you look closely enough, if you are watching us in hd you will see off to the west, as we zoom it out gives thaw moisture picking up west of maryland. We are going to be, again starting to moisten up the a atmosphere so there will be a lot of clouds and we will likely see a shower hit and miss but it the will not be a wet day work that said 50 degrees at the airport. Fortyseven in trenton. It is chill any mount pocono, check that out, 39 degrees to start off. As the day progresses we will in the break out of the 50s i anywhere today. Philadelphia in better than 58. We will stay damp but in the dodging soaking rain today. That is likely to change, however because we do have one more system that