Performance since april, reversing the losses that besieged the market last week. The mood on wall street improved on easing tensions with north korea thanks to an opped written by the secretaries of state and defense who said the administration would continue to pursue diplomatic resolutions with pyongyang. Now, add to that a solid quarter of corporate earnings, and stronger than expected growth in japan, and stocks took off. The Dow Jones Industrial average rose 135 points to 21,993. The nasdaq gained 83. And the s p 500 advanced 24. Dominic chu watched the rally from the floor of the new york stock exchange. Reporter it didnt last very long. What was shaping up to be a bigger scaled downturn in the stock market ended up fizzling out like its done consistently over the past year. On a Bigger Picture basis, major indices posted declines of around a couple percent only to bounce back today with gains in tech stocks and bank stocks. The general consensus among many traders is that geopo
And in europe, some of the early trading, you see some modest declines there ftse is the biggest decliner, down by a quarter percentage point. Look at whats going on with the dollar the dollar which has been under pressure broadly for many months, you can see its up against the euro today at 117. 06 down against the yen at 110. This morning wti down another 7 cents to 46. 71 President Trump disbanding those two Advisory Councils, the announcement coming as one council was dissolving already the president in bedminster, new jersey eamon javers is nearby in bridgewaters eamon . The president will wake up here in bedminster, new jersey to a changed landscape in the relationship between Corporate America and the president of the United States. We saw this dramatic moment yesterday as you just described as the elite ceo Advisory Council was deciding to disband. The president issuing a tweet saying he had instead folded both of his ceo Advisory Councils heres what the president put out. Rath
Will be raining here likely through next wednesday. Weve also been seeing some tornado watches and warnings cropping up which is typical with the outer bands. So, this is one of the buoy reports here. Shows a wind gust just to the east of Corpus Christi at 67 Miles Per Hour and hurricanes come with a whole package of problems. You have the wind gusts, you have the storm surge but with this storm system since its a slow moving disaster, the rain will be the biggest problem. Its going to meander there for days and were looking at rainfall that could exceed 25inches, some areas could get up to 35inches of rain and this is low lying country. Its almost like a bowl so its very hard to actually get rid of flooding rains once they move in. So, this is what to expect. Category three landfall later on tonight likely before midnight Eastern Daylight Time catastrophic flooding Power Outages for days and that storm surge of six to 12 feet. Ill have more details on this storm and also our local wea
Cause. And fallout from President Trumps tweets kusing president obama of wire tapping him. And thank you for joining us tonight at 0. Im jim lokay. Im Marina Marraco. Lauren has the night off. I family of a man killed at a mall is speaking only to fox5. He was stabbed by a shoplifter yesterday. Investigators that hour looking for the suspect. Lindsey watts back from rappahannock where they talked to the victims family. The family is heartbroken he was father of three, two adult daughters and 11yearold sop. No one can make sense of what happened. He was really kind and loving. He would not mind helping anyone. Family says malkai drumgoal and his dad were two of of a kind. Spitting image of him. Spend together. He would come every day and have lunch. He cared about me. At 11 malkai said goodbye to his dad for the last time saturday. Its important to tell your parents every day you love them never know what could happen. No one could have known this is what was to come. He worked in Loss
Apology from the state democratic chair after confusion and embarrassment over what they called a coding issue at last nights Iowa Caucuses that kept them from reporting results until just about an hour ago. This comes as President Trump puts the finishing touches on his third state of the Union Address beginning in three hours, which occurs hours before unexpected acquittal in the impeachment trial in the senate. At first tonight, we are off to des moines war correspondent Allison Barber has the latest on the caucus chaos. The Iowa Democratic party says they will continue releasing results as they become available. Right now former mayor Pete Buttigieg is speaking to supporters in a town hall in New Hampshire. He says regardless of what happens next, he believes this is an astonishing victory for his campaign, a Senior Advisor for senator Bernie Sanders telling fox news we are gratified that in the partial release so far its clear in the first and second round, more people voted for b