Check things out today because we have now seen already 69 record closes for the dow this year if there is another record close today, as you would indicate if you see these gains again, this would be the most record closes weve ever seen in any year for the dow. Last record watts set in 1995 and that was a record of 69. The s p is already in record territory. Weve seen 61 record closes for the s p and thats compared to 18. The dow indicates almost 24,800. You see what im looking for. I cant see your screen. Its a map of south america because the train the sorkin train was oh. No, no. You said san paulo. I was down in san paulo where am i now youre down across from the falklands. The train is. Youre still here youre here i missed the train, as you know youre still in jersey, i think, camden or something not even. I havent left the island of manhattan. Seriously. Im stig thinking im like just hanging outside of penn station. The sad thing is, i had to look to figure out which one i knew
Holding in europe. Yes they are the dax, chief amongst the leaders with quite a significant gain this morning. 10year note yield, been hanging around the 2. 4 level there we are, 2. 378. You can see wti up 32 cents. Lets get to our road map this morning. It does start with that market rally you just saw the futures are pointing to new records on growingconfidence that republicans in the senate and house are going to pass that historic tax cut plan this week. Plus, well have more on csx, investors are worried given the turnaround strategy may be in doubt after the sudden death of Hunter Harrison. Surging in the premarket after an upgrade from jp morgan. And weve got plenty of deals to talk about this morning. Geez, we sure do. Well get to those and talk p g. Lets get to stocks first. They are on track to open sharply higher, this on optimism on passage of the tax reform legislation. The house is slated to vote on the bill tomorrow followed by the senate with republicans hoping to get it
Our coverage of this deadly derailment continues at 4 40. Positive train control is the technology that can automatically slow down a train to avoid an accident. Thats ahead at 4 30. Now to south jersey where two people are dead after this crash, where one of the cars went right into a pole. State police on the scene right now of this creek. It happened around noon in tab p bett tabernacle. Ted greenberg is there. What can you tell us . Reporter the investigation is well under way. New Jersey State Police confirmed to me two people are dead. They were inside that vehicle, a gmc yukon, which is wrapped around a pole right near the intersection and it hit the pole and caught fire just before noon today. Right now theres no word from state police on what led to the crash. It did prompt authorities to evacuate. More than 50 students and employees from the sequoia alternative program, which is part of the school district, and that program is housed in that building and that evacuation as a
On the west coat will becoast we this afternoon. Reporter omar jimenez reporting. While the ntsb works to determine this crash it brings back memories of the crash that happened here in that Port Richmond just two years ago. Amtrak train 188 derailed in may 2015. Eight people were killed and more than 200 others were injured in that incident. The train was traveling 106 miles an hour in a 50 Miles Per Hour speed zone. Investigators determined that the engineer was distracted by an incident with a nearby train. In september, a judge dismissed charges against that engineer. You can follow the latest developments of the fatal amtrak derailment on 6abc. Com. You can watch video from the scene in washington state. Pennsylvania state senator day lon leach released a new statement. John rawlins live in Center City Philadelphia this afternoon with the very latest including john some reaction from the governor. Reporter thats correct. Leach is a state senator who has ambitions his goal in 2018
You go out no, i dont. Various market milestones today. The nasdaq crossing 7,000 for the first time and the dow closing in on 25k for the first time although were well off the highs right now. Tax reform hopes, and a series of deals this morning seem to be helping sentiment today. This is the first time ever, by the way, that the dow has gained 5,000 points in a single year. We began the year in president 19,000 range and now were well into 24k. Its just crazy theres no other word for it nothing like bitcoin, though, by comparison, it seems tame. We have people who are going to tell you where to make more money in the sfarkt cotock markg up in a few minutes. Is utilities are the biggest loser today. We have a debate on whether the bitcoin boom could help drive utilities higher talk about some of the power usage. Thats a hot topic. Recode calls him one of tvs most important executives. What espn had john skippers resignation announced today means for that sports giant and for disney ov