I95 in wilmington from our camera at the blue rock stadium. You can see traffic here is clear. Thats the good news. Snow has been coming down in the wilmington area for about three hours right now. Now lets get more from our weather with meteorologist steve sosna. Steve, we have been telling people about this for days. Its a clipper system. Its not like its going t owevs still cold. Yeah, its these little storms that a lot of people like to dismiss because, oh, coating to two inches, but the problem is weve had such frigid ground temperatures, weve had this arctic outbreak and now with everything falling at one time it accumulated instantaneously and caused a real mess on the roadways. If you can, stay home. Even in the camera shot here the main roads in the city are still covered right now. So, again, not good conditions out there. And thats exactly why we issued the first alert yesterday to kind of warn you of this messy scenario. Because just a coating to two inches of snow, when ca
Hes just wrapped up a visit to boston where he fronted an impassioned rally in defense of his health care, hardline, no backing down and he gave no quarter and importantly, no delay. Thats what he seems to be against and the president is most insistent and defiant against criticses of obama care. Take a listen. Nobodys losing their right to Health Care Coverage, and no Insurance Company will ever be able to deny you coverage or drop you as a customer altogether. Those days are over and thats the truth. That is the truth. All right. Well get to Fact Checking in just a minute. The president was in boston because he wanted to use romney care as an example of a slow starting, but Successful Health care reform law. Listen to this one. And by the way, all the all the parade of horribles, the worst predictions about Health Care Reform in massachusetts never came true. All right. Now cnbc had a special producer factchecking the president s speech and he looked into this claim right away and he
And say thank god for cspan. I echoes that. There is not many sources out there as objective as cspan. They just put it out there, unedited, no commentary, let it speak for itself and there are so many talks like this the golan all around the country, thousands of times a year. There could just be a camera here to capture this and record and broadcast it and only cspan does that so much appreciated. My topic today, what is a reagan conservative . It is based on my new book 11 principles of a reagan conservative, and this question, what is a reagan conservative . If you do a Google Search right now or last time i did a Google Search on the words reagan conservative, came up with 30 million hits. Different people trying to define it and what it means and the lot of that is because so Many Republican candidates, statewide, local races, nationwide, president ial candidates, they will say over and over again when asked what they believe i am a reagan conservative. But what is that . In many
Twitter isnt the only stock to do that this year. Coming up, well name names and tell you what this could all mean for another huge ipo. Stay tuned for that. We were taking bets on where it will price. See how all that shakes out. It turns out that it is not true that the socalled wealthy pay the most income tax in america. Jane wells has learned that they pay all the income tax. 106 of income taxes. You heard that right. They pay more than 100 . How is that possible . Stay tuned for this stunning report. And lets check the markets right now. The final hour of the day, pretty much a down day across the board for the major averages. The dow jones is actually an outperformer helped by mastercard. Helped by home depot as well in there but down about 87 points at the moment. The nasdaq is still off. Clutching that 4,000 level. The s p 500 has shed 15 points and got below 1790 as we speak. Maryann bartels from merrill lynch, Adam Thurgood and done shriver from wbmi funds. What do we make of
Current consensus, but retail will be the theme of the day, whether the consumer is back in a big way, whether it is a game changer and what that means for the market and the economy and Everything Else. I know well be talking about it it at noon. Were going to get our last word. They can talk about it for just one second and not that long because weve only got a minute and well talk to Henry Blodget and curtis artledge. You asked a question about jc penn penney. Maybe they can raise more cash, but theyre running out of cash at this point. They dont have that much left. You have a final thought on either jc penney or more importantly, the markets . I think todays entire discussion has been about the early stages of confidence building and we get past these two gigantic minefields of fiscal cliff and sequester. We start to see m a pickup and retail sales and theyre willing to spend money because theyre more scared about their job. We see Capital Expenditures and people starting to plan