Breaking news out of norfolk. Firefighters are on the scene of a deadly duplex fire on kingston avenue. It started around two this morning in ocean view. And thats where we find bush. Rico youve been at the scene talking to breaking news, local students are getting a poweroutage day. A spokeswoman with york county Public Schools tell us Bruton High School will be closed for the day. Students and teachers will not have class. Maintenance workers believe its going to take several hours to fix the problem. Switching gears now to the weather. Meteorologist Jeremy Wheeler is tracking a weekend. jeremy ad libs wx jeremy ad libs wx sunny. Chilly breezy. Highs will winds nw 1015mph. Tonight mostly clear. Cold. Lows will be in the 510mph. Saturday mostly sunny. Chilly. Highs will be in the upper 40s. Winds north west 510mph. High cold tonight as colder air settles into the area. Dry and chilly for saturday. Then we will warm things up on sunday. The weather looks great from sunday into early we
Lauvens the first ltro are expected to disappoint. Results out in over an hour. Moving camps and demonstrators out of the financial district after more than two months of occupation. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. We are just getting news out of norway. Theyve cut the deposit rate by 25 basis points to 1. 25 . We were expecting a slightly easing meeting announcement. We werent expecting an outright rate cut until early next year. Low Oil Prices Hit a fiveyear low against the euro, which given the eurozone weakness is quite astonishing. The economy has been weakening. T inflation, the most recent number declining slightly more than expected, but only fractionally. That has led the central bank to cut the deposit rate to 1. 25 . The norwegian krona has strengthened against the dollar today by 1. 2 . And we should point out the norwegian krona has been depreciating against the euro over the past couple of weeks because of the
Trying to boost Union Membership . Its the latter. Its about trying to boost Union Membership. Look, right after world war ii, we had 5 Million Union workers on strike. It crippled our countrys economy. Along came an act which lowered the power of the unions. It led to one of the biggest economic booms our country has seen. Since then, youve seen about 40 Union Membership in private enterprise go down in the hh single digits. Thats almost exactly whats happing, opposite, whats happeng public unions. They can promise whatever they want. Politicians dont care. They just want to get reelected. Private guys have got to get reelected. This was not about wages. This was simply about relevancy and a meal ticket that these union helpeds know theyre losing if this trend continues. David, what was this protest all abo view . This protest was about the american working family earning a living decent wage. And i think that labor sees what we should all see, which is a new trend line, where you hav
Rage or is it really about trying to boost Union Membership . Its the latter. Its about trying to boost Union Membership. Look, right after world war ii, we had 5 Million Union workers on strike. It crippled our countrys economy. Along came an act which lowered the power of the unions. It led to one of the biggest economic booms our country has seen. Since then, youve seen about 40 Union Membership in private enterprise go down in the high single digits. Thats almost exactly whats happeng, opposite, whats happening public unions. They can promise whatever they want. Politicians dont care. They just want to get reelected. Private guys have got to get reelected. This was not about wages. This was simply about relevancy and a meal ticket that these union helpeds know theyre losing if this trend continues. David, what was this protest all about in your view . This protest was about the american working famil earning a living decent wage. And i think that labor sees what we should all see,
Last four sessions. At this pointed, the dow is now back in positive territory for the year. Still, if you look at where we stood just a week ago with some of the concerns about what was happening, it looked like things were going to expire, but were headed back there now. Well see what happens as we get through to some of the news coming out today. We do have on our agenda this morning Economic Data and earnings from the Worlds Largest retailer. At 8 30 eastern time, we have two reports. Jobless claims and july import prices. Walmart is set to post Quarterly Results. Thats expected around 7 00 eastern time this morning with all that weve heard from the retailers including macys with numbers not as strong as people had expected. Thats going to have people watching very closely to see what walmart has to say about the consumer. Well be hearing from kohls before the opening bell and then this afternoon we have jcpenney. Weird about europe, is it not . When they finally resession . Well,