going to be a big party on main street, right, randy? >> reporter: the mummers parade is rain or shine. they're partying no matter what. we're hoping it clears out by the afternoon. take a look. you're going to see a lot of cool costumes at the parade, including one worn by a very special guest. hello, peco. hi. can you help me save on my energy bill? old appliances. like a hot water heater? it's around here somewhere. nope. nope. what is this thing? sir, have you looked in the basement? huh. oh, yeah. no wonder. it was hidden behind all of my free weights. if you're not an expert, peco can help. we have lots of ways to help you save energy and money. peco. the future is on. >>> right now pockets of heavy rain are moving across the nbc 10 viewing area. you can see it in the first alert radar. a lot of green moving through. just ahead, when we can expect things to clear up. >>> from the outside, new accusations of three more sheriff's deputies failing to go inside that florida high school as the shooter gunned down innocent students and s

main street will close to traffic later this morning. organizers are keeping an eye on the weather if they need to. they'll postpone the parade by an hour or so. but either way, they'll be marching today. randy gyllenhaal, nbc 10 news. >>> all of the rain coming to our area is costing lives in the midwest. kentucky's governor says three people are dead in his state. the city of louisville closed flood gates yesterday to protect the downtown area from the rising ohio river. >>> take a look at the damage a possible tornado caused in arkansas last night. officials are blaming high winds for wrecking this motel. storms that rolled across the state also brought thunderstorms. people reported large hail in several areas and we just got a report that one person actually died in arkansas related to that storm. >>> back here in our area, normal service will resume this morning on the regional rail line, this after a person was found dead along the tracks. somebody discovered the body between 7:00 and 8:00 last night near septa's olney station. th

on main street, randy gyllenhaal. nbc 10 news. >>> the rain swamping our area comes from a storm system costing lives in the midwest. parts of kentucky and three other states are in states of emergency. kentucky's governor says three people have died there due to the dangerous flooding. in fact, louisville had to close flood gates yesterday to protect the downtown area from the rising ohio river. at least one person is dead over in arkansas after a possible tornado touched down there last night. authorities are blaming the high winds for damaging this motel. storms that went through brought thunderstorms. there were even reports of large hail coming down in some spots. >>> today marks one week since flames gutted a historic building in old city fill dpil. tomorro -- philadelphia. they're going to start tearing down the building. they're concerned it will collapse. flames gutted the building at 239 chestnut street. a number of pets did die. investigators are looking for the cause of the fire. contractors are salvaging

on main street, they've got the fancy costume on display in some storefronts and there is one iconic costume that will be catching a lot of attention today. >> you know what underdogs is? it's a hungry dog. hungry dogs run faster. >> reporter: he's back. we have a special guest at this year's mummers parade in manayunk. eagles center jason kelce will once again don that mummers costume from the super bowl parade. it's on loan from the avalon string band. he'll mara long side the mummers and apparently he'll play the saxophone too. he learned how to do that in high school. kelce will be marching in the 13th position. there's 16 bands in total. no word whether he's going to make another speech. organizers say he wants to experience life as a mummer. >> he'll actually be with the avalon string band walking down main street, playing the saxophone and i'm hoping having a great time. we've been doing this, this is our fourth year, it's always a fantastic time. but i'll be honest with you, i have no idea what to expect with this new development. >> reporter: back here live on main street, t

but karen rogers haslice lights >> reporter: we're in norristown bhg -- county markley street at main street. we had a tractor-trailer that light and dragged the light down. it's on markley street. you can see the roads are wet and in the distance seehe flashing lights. watch that intersection inh that accident. >>> west basin north you upon the highway. 9:00 a.m. to scheduled construction blockingighte, watch for those closures on the platt bridge.ems there, i wantedou on the waze someone rep roads in chester county, westtown township, street road.e're watching for icy conditions that slippery spots here storm tracker 6 live 3d through most of the area we're looking at rain that's pulling out. to sports to where it slick. we'll see a tracking that through the morning, matt and tam. >> a portable charging unit exploded on the passenger plane in russia. video shows the smoke encompassing the coach class cabin. no passengers were united airlines says it will not help them out when a passenger tried to board with a peacock for e support. they have been vaccinated and that it's not a health or s

a wonderful description of him walking down main street in philadelphia. he's got a cane and is walking in people are bowing to him because they were start to them so much. he was an inflated cook for the president of the united states in a city that was enslaved, that he was unable to meet people and the travels that he made through towns and the things that happened between his trips back and forth to mount vernon because george washington found out there was a gradual act in pennsylvania sure that after there, which meant if you owned enslaved people in pennsylvania, they would have to be free within six months. every five months and some change, george washington with center staff including soil and then back up again to get around the law. others worked a mad house meeting people every time they're going back and forth to a free state. every time they walking down main street to get their collars or their butter from the market, they are meeting people that eventually helped them become free. so enslaved cooks, with all the snow soft power they had wi

. >> they're set to march on main street. randy gyllenhaal joins us live with details. randy. >> reporter: it's a rainy morning. we're hopes this clears out before the mummers come. local businesses getting in the spirit with fancy kos tumts cos the front. one iconic costume will be catching a lot of attention. >> it's a hung gri dog. we run faster. >> eagles center jason kelsey, he's back again. he's going to don that infamous mummers costume from the eagles super bowl parade. it's on loan and he'll be marching alongside the mummers from avalon. apparently, he's going to play the saxophone which he learned how to play in high school. he will be marching in the 13th position out of 16 bands. no word whether he'll make another speech. organizers say he wants to experience what it's like to strut. >> his personality on the parkway, i think he's a man of the people. loves being with the people. and i think that the people love seeing this side of him. >> reporter: fyi, there are parking restrictions on main street. we've seen cars getting towed already. main street will cl

and he's more of a main street president than wall street president and play to the populist theme and completely ignore all of his comments and tweets about the success of the stock market up until last week. >> the president now finished speaking, greeting some of the workers at that manufacturing planting in cincinnati, ohio, where he has been speaking for the last quite some time. sorry, richard? >> i was just saying, look at that, we're over 1,000 points down again, down 4%. now we really move into i don't want to say dangerous, you move into a very volatile territory where anybody who's involved in the market, particularly on the floor of the exchange down to know wall street and broad itself, they will all be trying to ensure that they are in the position they want to be in going into the overnight. you know, you don't want anything hanging over if you're long in the market. at the same time, you want to make sure you're fully covered. there could be a lot of people who were short in the market who will be liking this. they have sold shares they didn't own. they're now buying th

we are coming to you live from grain craft kitchen grain on main on main street we will be here all morning long. what a cool spot right here on the campus of the university of delaware. so come check the jam cams heading out to school or work this morning. everything is soaking wet from the rain we had over the weekend but hey, it could have been 2 feet of snow. that is one way to look at it. schuylkill expressway right at spring garden street, in problems at all, we had an earlier accident westbound right here near girard avenue that just cleared out five minutes ago and then another camera, a live look at the schuylkill at gladwynn a lot of puddles so be careful because it looks like a puddle but pothole about a foot deep to knock your front end alignment out of whack. on the maps we will go martin luther king drive closed at falls bridge because of flooding, and from over the weekend. so back here live check out this cool fire pit that we have here, out on the, front patio of grain craft bar and grill, come on by we're right on main street, and, the officers are here, as well. we have v

the act unit and main street business, we are a commodity driven economy and the price of commodities is a reflection of supply and demand and while supply is not an issue for the id to be concerned about, represent industries where technology advancement has been used amazingly successfully. whether it is precision agriculture increasing the output of farms and ranches with fewer inputs or on the energy side of the equation, horizontal drilling and 3-d seismograph, the most amazing technological advancements of the last 10 years, and that has increased supply. whether it is oil and gas or wheat and cattle, prices are half of what they were in 2014. let's discuss where you think the fed projections will have economic growth and demand in the year or two or three down the road in the u.s. -- if demandly picks up -- chairman powell: that is typically the case. i haven't updated my own projections. generally, it does feel to me that the next couple of years look quite strong. you should see strong demand from consumers and business investing. pathld expect to be on the to good years in t

chopper 6 hd was over the 800 block of main street in darby borough. the underground fire led to power outages in the area. red cross set up a temporary shelter for 40 people. two vehicles collided at levic and keystone streets late last night. one flipped over littering the scene with debris. two women and a man juvenile are being treated for non-life threatening injuries. >>> queen latifa will give a commencement street at rutgers this year. honorary degree of fine arts. she was ♪ >> they are top dogs now and lane johnson underdog shirts are selling like hotcakes. the eagles offensive tackle handed they would out himself at chickee and pete's in south philadelphia. 100% of the t-shirts go to the school district of philadelphia. >> love it, so much fun eagles gear to wear. it's been cool to wear that. >> reporter: i got my son an eagles lego set. it was hard, though. let's look outside and check the schuylkill expressway at the vine street expressway, as we look outside, they are picking up the cones and pacing the traffic. they will let the eastbound

how does it end up on main street? everyone.gle business on main street is funded by the cannabis industry. whether people want to admit it or not, i would say the number-one moneymaker in this county. -why won't they admit it? -i think that people, especially in the smaller conservative towns, want to pretend like it's not happening. and if they pretend like it's not happening -- -then it's not happening. -then it's not happening. but we all know what's happening. the shops that line the main drag may be flush with marijuana money, but the industry priming the pump hasn't been paying taxes. and that's my thing, bring the people out of the shadows, have them start paying taxes. have you guys visited south fork high school? the classrooms are practically falling apart. the tax base isn't there. yeah, there's no taxes, and it's gotten more money in that community than just about anywhere, and they're not paying taxes. they're not utilizing what could be. on paper, humboldt county is one of the poorest counties in california, with

that is a good news story for main street and wall street. wall street will catch up with that. >> neil: charles payne, what rattled some investors, technology which reported good earnings. they didn't seal as nearly iphones as some thought but they sold a lot. the stock is close to correction territory. are you worried about this development? >> i have apple in my retirement account and i'm not worried. i've seen this before. this is not just an overnight thing with the earnings. all year long, the iphone x, they weren't selling as many as they thought, et cetera. we heard this often. there's a couple points early in the session when apple was higher. so if someone has it in their retirement account, i don't get worried about it. this could put pressure on the company to be more aggressive in areas like servicing outside of a hardware business. the only big tech name i think i'd be concern about is google, alphabet google. they may have to do something to keep up with the facebooks and apples. >> amazon was up. not that we're keeping track o

at this point we see main street benefiting more than wall street. liz ann sonders, terrific as always appreciate your time. >> thank you very much. david: what about the fed factor, joining us on the phone former federal reserve governor fred mishkin. also one of the world's great fed historians. he knows a lot about what the fed does in situations like that. dr. mishkin, thanks for being here. the trigger ha a lot of people have been looking to what caused severe downdraft in the market was the jobs report that showed wage inflation up. would you agree with that? >> yes, i think might have been the trigger, but, i guess to me it is not as gloomy or problematic as people think. david: that's good news. >> first of all the wage growth numbers are more reliable than eci numbers and they have shown some slow increase but i would also argue that this is not a bad thing. this is actually a good thing. that the biggest problem that central banks are facing in recent years is that they can't get inflation up. inflation has been too low. and that is not a g

gibraltar's old town is long and skinny, with one main street. gibraltarians are a proud bunch, remaining steadfastly loyal to britain. its 30,000 residents vote overwhelmingly to continue as a self-governing british dependency. within a generation, the economy has gone from one dominated by the military to one based on tourism. but it's much more than sunburned brits on holiday. gibraltar is a crossroads community with a jumble of muslims, jews, hindus, and italians joining the english, and all crowded together at the base of this mighty rock. with its strategic setting, gibraltar has an illustrious military history, and remnants of its martial past are everywhere. the rock is honeycombed with tunnels. many were blasted out by the brits in napoleonic times. during world war ii, britain drilled 30 more miles of tunnels. the 100-ton gun is one of many cannon that both protected gibraltar and controlled shipping in the strait. a cable car whisks visitors from downtown to the rock's 14,000-foot summit. from the top of the rock, spain's costa del sol

differentiating between what's going on on wall street, which is shocking, and what's taking place on main street, really, the real economy. d wall street is going through a correction, as you just said, aon correc there is some portfolio repositions going on right now. we do not bieve that that is going to leak over onto main street into the real economy. so long term investors keep your eye on economy. and we think you know things -- from will be brighter skies to come, but there will a be a transition and the transition is not over. we can see this volatility continuing. >> kimberly, how about you? how lo could this spasm last? >> that's a great question.el and i have to you, no one knows. that being said, what we're going to do is look at how people -- how investors value stocks. and generally, what they do is they look at the p/e times a multipl multiple. we'll get to what that equation is here in a second. it's price divided by earnings times some multiple. historically when earnings have investors very low have had to accept higher multiples. last year, the market end at abou 20 times the

and tracking a little crash south of here closer to south main street and creating that backup there. this is not just because the meeterring light is on. we've been tracking the backup for the last 45 minutes or so. it's been a very slow ride at the toll plaza this morning and with the meeterring lights, hopefully -- metering lights and hopefully can help. 28 minute ride into san francisco. back over to you, michelle. >>> shift told alums he wants to demand background check for potential buyers and the power influence of the nra. >> nra seems to have a particular hold on that party and haven't been able to get that support and gun safety bills in the past. >> current high school students returned to campus for the first time since the shooting. they attended an orientation and therapy session. classes set to resume wednesday with a shortened schedule. more and more students across the country are rallying for gun control. kpi5's sandra osborn live outside the high school where a rally is planned this morning. sandra. >> reporter: good morning, michelle. after seeing what happened in

fed would not be interested in a economy that just worked for wall street and did not work for main street i assume that the fed would not be interested in a economy that just worked for texas and didn't work for new york. therefore, i presume that the fed has some degree of interest in not in perfect equity but at least some equitial distribution of the benefits of a good economy. is that a fair assumption or am i completely off >> well, i would say i think we want prosperity to be high and broadly spread we don't actually have a lot of tools for distributional tools >> i understand. >> there are much more things that congress has. >> i respect that you have limited tools for alots of things. that sun wf the things a good economy for three people doesn't help for the 300 some-odd million people that live here. you are familiar with the new relatively new british law that has just been enacted and just being imposed that requires companies of over 250 employees to report income and wages on the basis of gender? are you familiar with that at all? >> i'm not >> the first company to do that r

earlier we were discussing both directions closed on maine street off route 202 right here. i by on the northbound sound a second ago, so it looks like they may have reopened part of that. and on the pa turnpike northeast extension, and also watching the schuylkill for this right here. it looks like we have a disabled vehicle into the shoulder, though, so watch for that. other than that the schuylkill expressway looks good. >>> 4:23 right now on this friday. don't get me wrong, our focus is football, but let's talk about a baseball. the new steps mlb is taking you to protect you at the ballpark. >>> and the personal message of the parents of the penn state pd in a hazing ritual. >>> a community leader the defensive end chris long is taking home thanks to his generosity off the field this year. . >>> 4:25 on this friday morning. taking look at the u.s. bank stadium. we are live at the twin cities following every angle leading up to the big 're learning the eldest son of late cuban leader fidel castro has taken his own life. cuban state media says fidel castro dias balert spen

but good news on main street is bad news on wall street. >>> rising rates. as yieldsupo , how should you in st? our market monitor has some advice. those stories and more tonight on "nightly business report" for friday, february 2nd. >>> good evening, everyone, and welcome. sit back, relax, enjoy the flight. beca de the's turbulence is over, at least for now. and what a day it was. for t first timn a very long time,tocks hit some serious air pockets. t was, to be blunt, the worst selloff in years, fueled by concerns about rising interest rates and some nitpicking about selected corporate profit reports. the dow jones industrial average plunged 665 points to 25,520 or about 2.5%. the nasdaq dropped 145. and the s&p 500 dipped 59. all 30 of the dow components were lower. a day of rumrs. and of all the 500 stocks in the s&p 500, only a handful were in the green and higher. today concluded the worst week for the major afternoons since 2016nd >> selling starting with the release of the january jobs report. employers added 200,000 jobs last month, which was more t

there's a disabled vehicle on maine street right around oak drive. so watch for police activity there. and cherry hill, new jersey, everything looks good. kings highway no problems there moving through the intersection either. >>> penn state police want to know what happened at a campus shrine. check out the damage to this nittany lions statue. >>> also the olympic light goes out. up next a colorful conclusion to the winter games. >>> it's farewell to pyeongchang with waves of good-bye and flurry of snowflakes exte extinguished the olympic flames. after more than two weeks of unforgettable performances it was time to party. >> you did want have to nudge team usa to celebrate last night. jesse diggens who won gold in the thrilling cross-country skiing finish carried the flag into the olympic stadium. >> this is wild. if you hadn't seen or heard k-pop, korean pop, well now you know what it's about. >> team usa did not top the medal counts at the olympics, but they stayed consistent when it came to the gold medals. norway broke the record with 39. germa

. >>> and the rainy weather did not dim the sparkle of seek wins on main street in manayunk today this years mummers mardi gras parade went out without a hitch. just ask eagles center jason kelce who dust ted off the outfit he wore in the super bowl parade. it wasn't too long ago. "action news" reporter annie mccormack was there for all of the action, hi there, annie. >> reporter: hi there sarah, that is right jason kelce was officially a mum tore day. he marched with the band, he played with the band, and, he even wore that costume, again that he made so famous at the super bowl parade. hundreds lined manayunk's main street for mummers mardi gras parade and this year marching with the avalon string band... >> ♪ >> reporter: philadelphia eagles jason kelce. >> i'm just happy, excited to play saxophone and march with these guys in the avalon string band. >> reporter: kelce ace is a card carrying dues paying member and now wearing that famous suit the group gave him for eagles parade. >> they were kind enough to lend me one of their suits for super bowl parade so least i can do is march

. >>> now the annual mummers mardi gras parade made its way down soggy main street in manayunk and verypecial guest mummer was there tooting his own horn i might add. "eyewitness news" reporter alicia nieves is live in manayunk tonight eagles center jason kelce was strutting his stuff just a short time ago. i'm sure he had his classic costume on, right, alicia? >> reporter: it sure did. eagles center came here on main street wearing that suit and also playing the saxophone with the avalon string band. i mean he just add to do what was already a great time happening here. a great time despite the wet and soggy weather. ♪ >> reporter: some of the best string bands in the region strutted their stuff at the fifth annual philadelphia mummers mardi gras parade in manayunk. >> ♪ >> reporter: this parade is part fundraise sr. for the philadelphia string band association but also -- ♪ >> reporter: part dance party. ♪ >> reporter: one even i couldn't resist. ♪ >> reporter: but this year it was also part, well, another eagles celebration. >> everybody is stressed in eagles. everybody is doing the

a lot of people in the crowd, the president was talking to main street today. we're talking about wall street here. i know our viewers want to hear about wall street, the fact in this crowd a lot of people are not invested in stock market with individual stocks or etfs or 401(k) plans. a lot of these folks live from paycheck to paycheck. those people did not lose any money today as the market was in some ways crashing. so, just important it note that not everybody, i guess watches us and is heavily invested in the market. there is a whole piece of america out there that, today was no big deal. david: i got a surprise for you. some people are not in the market and they still watch us, jeff, because that is how good we are. reporter: that's true. believe that or not, huh? david: that's true. melissa: adam and lenore are back with us. lenore, that's a great point. you know what people are watching from home, there were a lot of people who remarked last week they got their first paycheck that was bigger. >> it is fantastic, having more money in their pockets, privat

if that is the cwie, everything be fine on main street. laura: do you expect more volatility to come? neil: i think so. i think we have snapped out of this period. a single there was not day with the market down more than 2%. th is crazy, that is wild. if things are moree, volat that is more normal rather than less. laura: the alert when, -- neil irwin thank you for that , reminder. reainst the backdrop, president trump has a few ays to decide whether to release a democratic memo which the housec intelligenmittee voted to make public. the issue is whether the republican version released last week unfairly alleged fbi bias agnst president trump. among the democrats on the intelligence committee is congressman joaquin castro of texas. he spoke earlier to my colleagues katty kay and christian fraser for their show "beyond 100 da." katty: congressman castro, as we look athe whole discussion of republican memos and democratic memos, i wonder if you could remind me what it is that the intelligence commiee in the house, your committee, is actuall

all morning long, right here on main street. so come on by on your way to work and school. we have plenty of good surprises. coming up next we will show you what they do to make this place pet friendly. back to you guys in the studio >> ahh, so cute, thanks, bob. 5:02. happening right now, we're losing one of our good ones, we know other teams will start plucking our talent and they have started with our coaches. it is happening. frank rabies going to the indianapolis colts. lets goat out to lauren johnson. good morning, lauren. >> reporter: here's the deal if you cannot beat them, hire them. that is what the nfl seems to be doing with our coaches, the vikings, tapping into our resources here and got one of our coaches, who will become an offensive coordinator there as you mentioned we are sending frank reich up to a team, the colts, to be their offensive coordinator. that is a surprise to a lot of people, not surprise to go some others, he has only been here two years. news was met with much excitement on social media, he seems to be respected buy a lot of coaches and ador

in manayunk main street will be shut down between sures lane and green lane from 11:00 r mummers mardiras parade. with mass transit, of course, we have manayunk norristown line between elm street and norristown transportation center, expect busing due to construction. live from the cbs-3 traffic center i'm cheryl golden, now jan, back to you. >>> thank you. >>> in recognition of the black history month we are honoring game changers making a impact on communities of color in our area kyw news radio's cherri gregg took a trip to west philadelphia where a mother is fighting gun violence in the name of a lost loved one her son. >> reporter: meet movita johnson morel. >> i have had to fight my life >> reporter: a warrior woman going head to head with gun violence. >> just days after my only son die his child was born. >> reporter: powerful voice at rallies and city council, her battle began after mother of four moved her family to delaware county, fleeing violence from southwest philadelphia, but she learned it wasn't enough. >> january 15th 2011 i buried my son. >> reporter: her youngest c

they aim at wall street but they hit main street, mr. speaker. the m.t.r., the motion to recommit hits main street in the gut. it will mean fewer early growth companies. it will mean fewer jobs. it will mean lower wage growth and it will mean, again, a decimated and declining american dream. we should reject the motion to recommit and we should support the underlying bill and i yield back the balance of my time. the speaker pro tempore: the gentleman from texas yields back the balance of his time. all time having expired, without objection, the previous question is ordered on the motion to recommit. the question is on the motion. all those in favor say aye. all those opposed, no. the noes have it. the motion is not agreed to. the gentleman from massachusetts. mr. capuano: on that i request a roll call vote. the speaker pro tempore: the gentleman request the yeas and nays? the yeas and nays are requested. those favoring a vote by the yeas and nays will rise. a sufficient number having arisen, the yeas and nays are ordered. members will record thei

it could land them hundreds of thousands of dollars to fix up main street. we'll have that story coming up next. >> and coming up on nightbeat at 10:00 out of control, a driver unable to stop. em says the gas pedal was -- he says the gas pedal was stuck. tonight how he called for help while going 100 miles an hour on nightbeat at 10:00 on our sister station kbcw 44 cable 12. >>> more than two years after our first story we found a critical state agency broke its promise by still mailing out millions of documents with full social security numbers even if you're enrolled in online only like reporter julie watts. >> what's it going to take to stop putting californians at risk of id theft? >> there is just no excuse to wait that long. >> expect original reporting from kpix5 news. expect more. 'm crazy. he thinks i'm going to see my sister! ♪ ♪ sometimes the confidence to be spontaneous starts with financial stability. once i heard it i was shocked. i just thought, i have to go get it! ♪ ♪ it's our tree! ♪ ♪ see how a personalized financial strategy and access to

dj's rose nearly three percent again all of that very good for main street usa there's a lot of consumer confidence right now but wall street looks at that and sees potential inflation worries and that partially is what's leading to this market volatility beyond that though you have political uncertainty in washington with this ongoing russian investigation continuing donald trump's continuing fight with the f.b.i. signaling it apart haps with wall street looking at washington is perhaps seeing some institutional crisis on the horizon at all of this up and that's a big reason you're seeing this volatility some of them four billion of us around the world now live in areas and that number is set to rise of a six billion a year twenty fifty and making those areas more livable if the main theme of the night session of the world been for him front flew the report. the confluence of to this is where kuala lumpur began more than one hundred sixty years ago the name means muddy estuary in the middle a language but as the city expanded what used to be the administrative and commercial hub soon lo

shutdowns mostly is benign on the markets we actually see the markets grow you know wall street and main street have a lot more common sense than the politicians and the politicians need to realize that we need to have some border security and we need to do whatever that means for our country's economic sake and the secure our people american people should come first and what about the market impact of a potential government shutdown in a couple of weeks if congress and the president don't come to some agreement on that border wall and those daca dreamers jeffrey well i don't think it's going to affect the stock market to be honest with you it has in the past we've actually seen the market rise it could hurt the economy longer term though if we see the shutdown go on forever but then of course there's political consequences and i don't believe that either party wants to take that road no i think they i think you're right on that jeffrey thank you so much for being with us sure appreciate it hope you'll come back to every small president of arbor financial and the author of turning financial pla

. >> i think r main street investors -- our main street investors look at these virtual trading platformsume they are regulated in the same way a stock exchanges regulated. as i said, it is far from that. shery: joining us now to discuss is joe weisenthal. i thought clayton was a president trump appointee, he is supposed to want to deregulate. >> they seem to have an inclination to not regulate, but they don't want investors getting scammed and losing a ton of money. there's a lot of bad stuff going around. david: is this an investor protection issue? is their concern this will spread into the rest of the financial system? that, at thes moment, regulators are more concerned about the opportunities people have to get scammed and be deceived and to buy securities in an unregistered manner. it is certainly possible that it could become a financial stability issue. i don't care that much concern about it. shery: we see bitcoin gaining ground -- >> i did think it was interesting -- when bitcoin was going up last year and markets were going up last year like equity markets, i didn't think too m

pennsylvania avenue and this is not how the american military should be perceived rolling tanks down main street. >> look. i have said that we have not made a final decision, and the president is exploring different ways that he can highlight and show the pride that we have in the military and the people who are have serve and sacrificed to allow us all of the freedoms that we have. the president is very proud of the united states military and all that they do on behalf of all of us, and we are simply exploring options. i think it is way too far speculation to start weighing in on whether or not we think that certain things are appropriate and nothing has been decide and it is literally in a brainstorming session. >> and is it true that the president gave a directive to the defense department that it must happen? >> moshgs the president asked them for different ways to explore and find different options as the secretary said. one more question. >> sarah, in to follow up on the text message, buzz the president belief that former president obama was ininvolvolved in the russian investigation betwe

what you're seeing for the first time in a long time wall street, main street separating. onomy is doing well, and that's good. >> exactly. >> but wall street is not the economy sometimes and so that's what we're seeing here. >> that's a great point. >> okay. christine, stephen, we thank you both very much. stand by. >> don't sell. >> got that message. all right, john? >> thanks, alyson. >>> police say a suspected drunk driver that killed an indianapolis colts player. the driver was an undocumented immigrant. what we know about his past next. or make a back seat that feels nothing like a back seat? why give it every feature you could want, along with a few you didn't know you needed? it's simple. you can build a car, or you can build a cadillac. come in now for this exceptional offer on the cadillac ct6. get this low-mileage lease on this 2018 cadillac ct6 from around $549 per month. visit your local cadillac dealer. from around $549 per month. something we all think about as we head into retirement. it's why brighthouse financial is committed to help protect what you've ea

jews rose nearly three percent again all of that very good for main street usa there's a lot of consumer confidence right now but wall street looks at that and sees potential inflation worries and that partially is what's leading to this market volatility beyond that though you have political uncertainty in washington with this ongoing russia investigation continuing donald trump's continuing fight with the f.b.i. signaling a protest with wall street looking at washington is perhaps seeing some institutional crisis on the horizon at all of this up and that's a big reason you're seeing this volatility well president trump has said he would welcome a government shutdown if congress doesn't agree to measures that would tighten immigration laws his comments came as legislators are trying to reach a deal on federal spending two days before a stop gap government funding bill is due to expire after with the white house released a statement clarifying that the president was not advocating a shutdown saying he doesn't want to see a deal done. if we don't change the way we don't get rid of these k

what happens is we got good news from main street. wall street took it as bad news, they started thinking ahead to 2018. that's why we saw some of the gyrations in the stock market. they are going to get used to that. that's why i think you will see the market continued to move up. it might be a more bumpy ride in 2018, but you are continuing to see it go up because the underlying economy remains so strong right now. >> shannon: the president has talked endlessly about how other markets are doing on his tenure. he said, he rolled out regulations, gives businesses stability in areas. the tax cut, those are all things that could be driving the market. he could've never missed taking credit because he has to own what's happening the last few days. i want to read something from dan albert, managing partner at westwood capital. trump says all along that him take responsibility are as ridiculous as him blaming it if it goes down. it would not have driven if not for fairly good corporate earnings and everything that goes along with that. trum

main street summit coming up february 12 and 13, bismarck event center. reserve your space now at main street.com. we have got a set of fantastic national speakers, great local speakers, everybody that's coming to this thing. it will be inspirational. again, my challenge to you, right now i think grand forks has more people registered than anyone but minot, my challenge to you is let's have minot have the most number of people at this event. so on the strategic initiatives, there they are. cross cutting, working across, making progress. there's opportunities for you to participate in all these. there's ways and there's a challenge behind all of these as well. so look forward to your participation. when we close out looking at the road ahead, this is a road in the red river valley not far from where i grew up, and if you grew up in this part of the country, that road is fine if it hasn't rained for a week or two. if that road, if it's rained, man, you are not getting down that road. you will be stuck in that thing so fast. this is a little bit, the road ah

main street. experiencing a. touching story. oh this is our home it's god's country apparently with any other better place seventy thousand dollars three. starting february twenty seventh don't. move move move. move move move move move. move move move move move move move move move move move move. hello and welcome to a special edition of q no w.'s weekly movie magazine and with the berlin international film festival just days away time for our traditional sneak preview of first look at what's in store at the six the then allah. in seven days in entebbe place these virtues of training he's one of the germans involved in a palestinian terrorist hijacking of an air france plane in one nine hundred seventy six going. to direct the air for twenty four hours. it's at least the fourth film based on the true story of the tense standoff and the spectacular rescue of mostly jewish hostages by israeli commandos have to be on the . steven soderbergh shot his new film unsane exclusively with i phones and unfortunately it looks like it but it

i'm talking about main street. ou talk with those folks, they're not that concerned with what is happening on want street. they're concerned what is happening at their cash register with their customers. i think they separate the two things quickly. anymore washington d.c., you're in new york, this isn't about d.c. or new york. it's about everything in between. there's a very positive sentiment among business owners, in particular veteran business owners. >> trish: it's good to hear. we want more of that and hopefully we will get 5% plus gdp as the atlanta fed is predicting and an increase in wages. we'll keep the cpi number low. thanks, mark. >> trish: thank you. move over blue apron. uncle sam wants to get in the food delivery program. we're serving up the details next. spending time with the grandkids every minute counts. and you don't have time for a cracked windshield. that's why we show you exactly when we'll be there. saving you time, so you can keep saving the world. >> kids: ♪ safelite repair, safelite repl

that means main street and wall street. i'm concerned it's business as usual. proposed week the cftc penalties on three big banks for market manipulation but then decided they deserved waivers. haveanks in questions something like 68 violations of the last 10 years so it's very serious. payoften we see big banks fines and move right along. recidivist violators won't stop breaking the laws if your agencies serve as sanctuaries. i'm disappointed in your on willingness to us you -- pursue every avenue available. virtual currencies bring us into a new age for that doesn't mean we overlook basic principles. thank you. >> thank you. we will turn to the testimony of our witnesses. first we will speak to jay clayton, chairman of the u.s. securities exchange commission. following him when we hear from christian carlo, chairman of the u.s. commodity futures trading commission. we appreciate you coming to share your knowledge research on this issue. member,man, ranking distinguished senators, thank you for the opportunity to testify. it's the important topic of crypto cur

. >> that is right, "action news" on main street in manayunk as steady rain fell, people out and about had their umbrellas up in an effort to keep dry. one woman using a piss becomes to protect herself. >> meteorologist chris sowers is at the "action news" big board with more on when we will see the sun again, chris. >> probably won't see the sun again, gray until tomorrow but rain coming to than a end. we have an hour, hour and a half to go and everything should start to calm dawn. here's very latest, pushing through western suburbs right now, lighter shades on have green, this vice light rain some areas are not even reporting rain just seeing a mist or lighttories will there is philadelphia and i-95 corridor here. it is areas mainly to the north and to the west. quakertown, doyletown, pottstown, reading, lancaster all reporting a mist or very light rain. rainfall totals through 11:00 a.m. very impressive. it is on top the five and a half plus inches we have pick up so far this month. almost and inch in allentown, trenton .67. philadelphia a little bit more than half inch, wilmington

thousand jobs in january alone and wages rose nearly three percent again all of that very good for main street usa there's a lot of consumer confidence right now but wall street looks at that and sees potential inflation worries and that partially is what's leading to this market volatility beyond that though you have political uncertainty in washington with this ongoing russian investigation continuing donald trump's continuing fight with the f.b.i. signaling it apart haps with wall street looking at washington is perhaps seeing some institutional crisis on the horizon at all of this up and that's a big reason you're seeing this volatility finally this by the time billionaire entrepreneur in on mosques ambitious plans to colonize mars have taken another step forward with company space x. has successfully launched its most powerful rocket the twenty three story falcon heavy toss it off from the kennedy space center in florida with a tesla sports car on board probably analysts reports three. with its twenty seven rocket engines roaring the space x. falcon heavy sword into the florida sky it's t

it seems wall street is nervous because main street is doing better and that has implications for investorsssify mmo on intelligence about trump and russia. also, last week donald trump was extending the figleaf to democrats but now he has accused them of treason for failing to applaud his speech. an american. someone said treasonous. why not? ,

news and also wages rose about three percent in january as well which again is all good news for main street usa but not necessarily for wall street usa economists indicating that they're worrying that that could lead to inflation pressures and worries that's primarily why you're seeing this dow drop however there's something else as well that's political turmoil that has been brewing for several weeks here in the u.s. and that really came to a head here on friday in washington with the release of that controversial memo by the republican led congress this memo really outlining alleged improprieties by the f.b.i. this all goes to a clash between the trumpet ministration and the f.b.i. listen wall street does not like any uncertainty particularly political uncertainty and that's what you have right now in washington a real crisis of institutions as one economist called it at all of that up together and that's why you saw primarily this big big drop in the dow and the huge sell off so they will now as isness but how worried are people that this could get even talking in times of a crash. not q

once you get to 242 or680, they have a crash there and 242 is really backed up, all the way to main streetda? >>> good morning. this is a live look in danville this hour, very cold. some of the meters show 25 degrees and 28 degrees in the area, so it is very cold. we are below freezing in many locations, and calm conditions out there. temperatures have dropped so much, and look at napa, just dropped a couple more. they are at 24 and shattered that record set in 1920 when they reached 28. oakland tied the record at 34, and sfo also beat a record with 36 degrees. we are expecting temperatures to drop a degree or so before sunrise. 27 in santa rosa right now, and have been freezing for quite a few hours. the vineyards were dreading those cool conditions. that cold air really settled in those low lying areas. san francisco is a little warmer in the low 40s but doesn't feel very comfortable, and we are well below average when it comes to the morning lows. 11 degrees below average here. just ahead of sunrise we reach the coldest temperatures, so that should be in the next few minutes here. we'll

main street is more upbeat though with the french economy now creating jobs at its fastest pace since two thousand and seven what european economy has just returned from australia it's encouraging and pleasant to come back to a country where unemployment is falling. today with all the networks with everything there is you search for a job online and you find hundreds of places offering things this is however twenty percent of young people are still reported as out of work in france a low that rate is also sharply down. well here's something to get us president donald trump's back our exports to the united states jump shot the last year at the same time the block imported only marginally more from the u.s. european statistics agency eurostar says they use trade surplus with the united states rose a whopping seven percent to one hundred twenty one billion years donald trump has repeatedly criticized europe's high trade surplus with his country and in january he even accused the u.s. of using quote unfair practices saying you import tariffs in many sectors are higher than they u.s. count

this is norristown at markley street and main street. the roads are wet.e had a big accident with a tractor-trailer, the traffic lights are on flash. we have slick spots be careful as you travel. >> super bowl lii, with the anticipation building, the eagles are staying loose. tray burton and trent celek had a little fun with the macarana. >>> rich gannon predicts the eagles will win by a field goal. >>ic -- i think jacksonville gave the patriots all they could handle and i think the eagles are better than jacksonville. >> jaworski's prediction eagles 29, pats 21. eagles defensive end chris long who donated his entire salary this season was honored by the nfl association wizard white award for his community service. >> eagles fans don't always get to the super bowl, so they came up with something to celebrate. they came up with the wing bowl. this year they get to celebrate with the super bowl and the wing bowl. let's go to bob brooks at the wells fargo center, things are picking up for the annual showdown. >> reporter: you can hear the being right now, pro

before the great recession a decade ago so although wall street is having a tough time it seems like main street is doing ok. in other news hong kong is one of the most expensive cities in the world to live in a study by dodge a bank has uncovered that less than a fifth of households in actually afford the rental their. local residents are forced to accept the skimpiest of accommodation just to stay off the streets of the problem is set to get worse. elderly people like shinny in london have it easy in hong kong he shares a room with eight other men and pays one hundred fifty euros a month for the cage where he has his bed. oh boy you know it was these i'll tell you both my parents died when i was forty years old i gradually lost touch with my brothers. we hardly see each other anymore nowadays. to do. with this exhibition in aid organization wants to raise awareness about such living conditions around two hundred thousand people in hong kong are affected it's a hit on you all that you he then you know they're all buildings so people with a anything in this can all ready eat human. and their spa