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Today, stocks continuing to sell off. Interest rates continuing to rise well talk about it with the twin cities own john and pete najari najarian were going to get to apple in a minute because its a significant story today. Its so great to be here at the site of the super bowl the dow is down just about 400 points now, pete if you are looking for apple to save you, it didnt happen its not happening and i think the issue is the velocity of the move in the tenyear. The fact that has picked up to the point that its been really pressuring the markets at first, it didnt seem that bad. Down about a kouchl couple of h, but its continued to accelerate to the downside. It gives us the statement that hey, look, were getting through this earnings season last night, apple was up 5 in the aftermarket and now apple and the rest of the market getting pushed to the downside its the nasdaq, the s p, its everything right now p josh, is this really all about rates . Does this conversation begin and end w ....
Already another mall. We are pushing through this workweek. Katie, i have to tell you looking forward to this weather. It is so fantastic. Yesterday was pretty much just a generally good day. We had very isolated showers that fired up north of the city, with cool air aloft and warm air at the surface but we are in the mid of a a really comfortable air mass, regional wide, full sunshine the spectation just nice weather all the way around. This, i have been saying this all week, i have been personally looking ahead to as my personal favorite of the forecast because it will be a Beautiful Day anyway but comfortable too as we start off with the view of sky cam three, away from the city, you might catch these meteors away coming from the persaid meet your shower the next laugh an hour. We have the peak of that going on but storm scan three, hey, that is totally free and clear with High ....
Have a look at where the european equities are trading right now. 30 minutes away from the end of the tuesday session, stocks are heavily down today after that north Korea Missile Launch over japan. We are seeing a real flight to save havens. Currencies arising against the dollar. It is the yen and the swiss franc are preferred haven currencies today. You have bond yields declining and gold rising today. We had some data on the u. K. Housing today. They are cooling in august after the economy slowed in the first half with a 2. 1 annual rate matching maze reading, which was the smallest since june 2013. 1 he month, prices fell and the economy posted the weakest expansion among g7 nations in the second quarter. Faster inflation and uncertainty about the future of the eu weighing on consumption and investment. It, see overall growth at 1. 5 this year compared with 1. 8 last year. Nationwide expect house price growth to average ....
The sfenate flaplan ylan reporter we dont have to rely on sources because the Senate Version of the tax bill is now officially out. Here is some of the key details. As weve been reporting, it would delay the introduction of the corporate rate cut by one year to 2019 however, it would get down to 20 and stay there permanently it would also limit the ability of companies to deduct their interest, but give them full and immediate expensing for five years. The individual side of the senate plan is quite different from the house version of the bill the Senate Version has seven individual tax rates the top tax rate is 38. 5 . The senate bill will also include a full repeal of the state and local Tax Deduction. Now, that gives them a lot of money to play with to do some other things in the bill such as keeping that 1 million lim ....
Rogers joins us with accuweather. Matt pellman has traffic. Reporter good morning, everybody, were enjoying the sunshine thats up and out already, feeling sticky, though, thats for sure. Lets look at satellite and radar image, were seeing cloud cover, but were seeing the sun filter through the clouds. Well see a mix of sun and clouds today. Were dry during the day, its not until later tonight we have a chance for a shower. 60 in bethlehem. 57 in quakertown. 64 in malvern. Media. 70 degrees in center city and were going to heating things up this afternoon. Its just 62 in browns mills. 69 in woodbine ascertain in dover, delaware and in dover, delaware. Today when you can expect. The dewpoints, 65 degrees. Once you hit 06 its feeling humid. Were feeling humid today, but not as oppressive as tomorrow. The high today 90. Five degrees above average, partly sunny skies, 7 00 a. M. 71. 3 00 p. M. , 90 thats the high. 5 00 p. M. , coming down from that, 89 degrees. 7 00 p. M. , 85. Later tonigh ....