Destroyed. Right now a tornado watch is still in effect for parts of alabama. And this is the same system bringing us rain this morning. Lets get right to stormwatch7 meteorologist Eileen Whelan. Dense fog advisory through 7am. Visiblity less than 1 4 mile, at times. Near 70 on this last day of november rain today cooler drier for the first day of meteorological winter tomorrow more rain by sunday night today patchy, dense fog early. Periods of rain. Unseasonably warm and breezy. Highs 6774 winds s 515 mph tonight showers possible through 2am. Lows 4652 winds w 1015 thursday mostly sunny and cooler. Highs 5256 winds nw 510 mph eileen toss to johnny happening now. A curfew still in effect, after a Tennessee Town is a wildfire ripped through gatlinburg killing 3 and injuring at least 14 more. And this morning the danger isnt over. Winds are still strong, creating a difficult situation for firefighters. More than 250 structures were damaged or destroyed. And thousands have been forced to
Apparently, through whatever he will do tomorrow night, continues to refuse to deal with congress in an effective way. Tonight onwatch Bloomberg Television begin at 8 00 p. M. Eastern time. Wall street banks lasted over trading commodities like copper and aluminum. Jpmorgan and Goldman Sachs and the banksused of but the Financial Systems at risk. Goldman sachs acquired a banker who brought along, the deaf confidential information. Goldman also fired one of its supervisors. According to the New York Times, the new york fed fired their employee expected of leaking that information. From a bob investors. Founder jack ma says this is the most dangerous moment for the chinese ecommerce company. Spec too much may from ali baba. He has previously warned employees about being complacent and failing to innovate as they have gone larger. And three students were wounded in a shooting at Florida State university. The shooting took place overnight at Florida State library. Police shot and killed th
We are here in london. Im guy johnson. Im francine lacqua. Happy new year to everyone. What are Angela Merkels contingency plans for grace . That is a question that is dominating the currency markets this morning and is sending the euro lower. Driving the news is a report over the weekend that says merkel could look at a greek exit. Lets go to hans nichols with the very latest. What are we to believe . We basically have three different lines from the German Government officials in germany on the report. The first is that saturday night line. That was a nondenial and ill saying they dont comment on speculative reports. Then, last night, we had the economy minister and Junior Coalition partner. He would know about internal planning inside the finance ministry. He said there were no contingency plans. This morning, we have a member of Angela Merkels party, the Party Chairman essentially, saying he cant imagine there being contingency planning. What we dont have is a firm denial that the g
Correspondent, hans nichols in brussels where european leaders are meeting to discuss the potential greek debt default. Where do things stand now . Has there been any progress in stalks collapsed last night . Good evening. Eu leaders are having a conversation. The portion dedicated to greece will happen at the end of the evening. They have dealt with ukraine and other issues. On a technical matter, and this is important, if there are going to be advisers working with the greek side on what the common set of numbers is going to be. The idea of having technical experts and a solid, trusted data set is going to be crucial if there is going to be any progress on the talks. They need to agree on the numbers for there to be any meaningful opportunity for progress. How close to they come to a deal last night . It was reported they had a deal in principle and we were among the organizations that that they were moving toward a deal. The greek finance minister then checked with athens and from a
50s, 60s, 70s first, the positive spin is that it is out of recession. We did see some signs of life. It wasnt what economists were expecting. I think a big part of it was the big revision down, the thirdquarter gdp number. It was worse. Deeper than first thought. The initial read was negative one point nine. That brought they brought that down to 2. 3. We are looking at growth. The annualized figure is 2. 2 . The estimate was for 3. 7 . The Third Quarter revise number was down to 2. 3 . The recession was a bit deeper than expected. What was the reason for the weakness here . Lets talk about that a little bit. You had the export numbers were quite good for december. But the underlying demand spending, isnt quite where it should be. Lets listen in the hsbc japan economist was here. Listen in. Export is looking quite strong due to Strong Demand in the u. S. But Household Spending is still under pressure. I think that is going to be the case unless we get a big round of wage revisions sta