it's sam ‘s club chain, to be precise. will be losing their jobs, hundreds of employees will be losing theirjobs, so you have got a mixed bag of news coming out from the same company today. as far as the bonus announcement is concerned, we have heard similar announcements from other companies, but the big question is, this is a permanent reduction in corporate tax that has been brought in by the new bill. it will mean billions of dollars and in some cases tens of billions of dollars over the course of the future. the amount they are paying their employees today, it amounts to about $400 million. the republican pitch was that this money would come back into the economy in the way that it expand the economy here, so it will create jobs and people's wages are going to go up in a significant way and if that happens, then you could sort of see the government owning war by way of tax. —— earning more by way of tax. but there are no indications from this particular bonus that's been given and the wage increases, there are many an

hourly employees but then a short time later it announced it was closing dozens of sams club warehouse stores. >> fox5'sorter ronica cleary is in the studio with a closer look at the meaning and timing of the company's announcements raised a lot of eyebrows ronica. >> reporter: it definitely did. to be a fly on the wall ton ando really know the reason. this morning wal-mart announced it will pay it forward if you will, they want to pass along the benefit of the corporate tax relief found in that new tax plan share it employees. some of the new benefits include a bonus of up to a thousand dollars depending on how long you've been with the company. the hourly wage will now start at $11 an hour. and 10 weeks of paid maternity leave will be available to new moms. now, hours after the positive news broke for wal-mart, we learned that the company will be closing a reported 63 of its sams clubs locations across the country. the closings will of course, result in layoffs. now, i spoke with mark avalone certified financial planner about the timing of the announcements and what it might mean. >> it's odd. i don't

s&p 500 edged up 1 point, while nasdaq edged up 4 points. >>> walmart is cutting jobs at its arkansas headquarters earlier this week. they also shut 63 sam clubehouses in order to keys pace with they plan to sell ebooks and audio books. >>> a setback with philip morris on a sell in the united states. it's already sold in more than 30 countries marketed as the rir reduced risk of tobacco product. they want to market it in the u.s. but the fda can still allow the product to be sold in this country. >>> and there's a new colonel sande sanders. ♪ i'm colonel sanders, same as always ♪ >> his wife is due to pitch the kentucky fried chicken. her outfit is a bit different, has a glittery shine and fringe on the back. her voice, right? >> diane king hall at the new york stock exchange. thank you so much, diane. >> all right. >>> still ahead, saving money on your prescription drugs. >> reporter: using your insurance to fill a prescription can actually be more expensive than just paying cash. i'm brook silva-braga with why this is happening and how to get the best price. and if you have heart failure, entrusting your heart to entresto may help. entresto

sams clubs in the next weeks. that could put about 10,000 people out of work. sams claims it's in order to better align stores. walmart said it was raising salaries and handing out sging the way it filters posts and videos on its news feed. it will now prioritize what friends and families share and will reduce the content from republicans and brands. he wants people to have more meaningful social information. advertisers will not be affected by theew york stock exchange. thanks a the way. >> you too. >>> still ahead, airbag popular truck to get the vehicles off the roads immediately. s to get i watch me. ♪ ngs for my joint pain. now? watch me. ♪ please. real people with active psoriatic arthritis e changing the way they fight it... they're moving forward with cosentyx®. ind of targeted biologic. it's proven to help people find l and clearer skin. don't use if you are allergic to cosentyx. bed for tuberculosis. an increased risk of infections and lowered ability to fight them may occu or symptoms of an infection. or if you have received a vaccinor if symptoms develop or worsen. seriwatch me. for less joint pain an ask your rheumatologist about cosentyx. on the pla

sams clubs no word on how many jobs are affected by that. >>> big day for the dow rising 206 points to close at 25,575 and the nasdaq up 75 points and the s&p up 19 and change on the day. >>> time for a check of the accuweather forecast. >> meteorologist cecily tynan here as the clouds move in and promise rain coming soon. >> we have a weather whiplash on the way and big change in temperatures. rain, wind and a big cool down, we are live on sky 6 hd looking at old city, if you look on the ground not a lot of snow anymore and it's melting away and temperatures in the 50s. doesn't feel like january. 57 degrees in philadelphia right now and the normal high for this time of year is 40 degrees, allentown and reading 52 and cape may 48 and trenton 53 and the poconos a lot of melting going on there. 47 degrees. satellite 6 along with action radar showing this warm air is thanks to a developing storm system moving across the great lakes. there is one low pressure bringing the snow. and another one that is actually going to be tapping into the tropical moisture then will bring us a soaking rain tomorrow. tonight the problem will be fog. i think we'