a million by the 1890's and two million by the early 1920's. that is a lot of growth. you can't do this with horse cars. you had the bridge but how do you get there? if you have neighborhoods that are growing and being developed far from the bridge, you cannot bring all the people up to the bridge in horse cars. it doesn't do it. so brooklyn built in the 1880's , and early 1890's. an l train system that would feed the bridge. four out of the five train minds and about the brooklyn bridge. the fifth line is the line that feeds the eastern addition that is broadway in brooklyn and out of towners don't realize there are three broadway's. manhattan, new york and brooklyn and astoria , queens. this ran through williamsburg, bushwick, east new york, cypress hills and extended over the city line through woodhaven in the early 20th century. this is an l train system not an elevated subway. it is a more primitive technology and couldn't handle the numbers of people that a subway today could handle but those days it was a miracle , because you were not on the street. you knew whe

the left. there it is. 1830's this is at the river and starts another ferry. pierponts 's the property develop their and put in a ferry from montague to wall street. so you have three ferries within each other and by the time you get to the 860's they are overrun with people. there was really no place to put another one. century 19th photograph of the montague street dock. property.e pierpont it took you from her to wall street. there is montague on the down slope to bring down from the heights of brooklyn heights to waterfront and here is another view looking at montague quiet and ooks so people. -- think how love layer lovely 8:30 on the morning 6r789 the river and give it another thought because that a weekday 0 on morning was like. it was awful. the cartoons tell you the truth it seems like noah's ark. you had to deal with it. it is what you had to deal with 8:30. morning at we have it a hard but i think they had it harder. sometimes even the east river would freeze. get out of work 5:30, tired, want to go home you have to walk across the east river and you

one way to see then this case is that in the 1930's and 40's, and the 1920's, and through the 1950's, the e.r.a. was seen as a pro-business measure. the people who supported it -- the first party to support the e.r.a. was the republican party in 1940. they saw it as a pro-business measure, because it would undermine protective labor legislation, and lifted restrictions off of them players, allowing them to exploit their workers to their hearts content. it was seen as an anti-labor, pro-business measure in the 1930's and 1940's and after. of course, it would come to mean something different in the context of the 1960's and 1970's. one of the things that changed part of the context was absolutely the civil rights movement and apostle -- passage of the civil rights act. another thing that changed is that women workers had been used to and largely accepted such that regarded -- segregated labor markets. in the industries in which women dominated like in the garment industry, the labor unions and garment industry where the last ones to drop their opposition to e.r.a. protective labor legis

the late 1960's. up until the 1970's were a time of tension. apparently a lot of fighting on the border. it strikes me that a lot of what you are talking about in terms of these reallyis that, are they responding to their competition in the developing world, or are they changing positions as a result of direct competition with each other? thank you. jeremy: a couple points. one of the things i said in my introduction is it depends how the soviets split works depends on where you are standing. the importance of the border conflict this one thing in moscow and beijing and one thing somewhere else. the ideological conflict matters more. even if you are standing in moscow and beijing, if you look at the history of the border conflicts and the chronology, it is not clear those are things that lead to sort of the split. it seems like they come after. that river is 1969. chinese claims and particular i think go back and forth. depending on other things. the chinese will make claims about 19th century treaties and so on. but those will disappear of rela

cubans were dependent on the more than the 70's the 1980's. it was difficult for a long time and i think that of course at the end, castro was one of the strongest independent opponents of gorbachev. mentioned angola. you don't deal with it a lot in the book and it does make an appearance so given your discussion of marxism and socialism as a the elegy, how the chinesetion of in bed with the apartheid regime in south africa? can you say more about the dynamics between the soviets and the chinese and their allies in that conflict? jeremy: the dynamics, one of my chapters is about angola. angola is fascinating in terms of what you end up with. for example, cuban guerrillas defending american oil companies from american-backed companies. notion of what they are trying to do in the 1970's, unite the durham world against the first world. -- unite the third world against the first world. this was the u.n. in 1974. the superpowers in the first world. the second world, japan, canada, and so on. the third world the rest of the developing world. what the

we are talking about the 1870's in the 1880's, and 1890's here. one of those images is going to be more positive. more about benign image of these mountaineers. that image, we can say, they are going to begin to describe these mountaineers as contemporary ancestors. of, the name itself kind kind of implies that these people are not so bad. with this image, according to duee local color writers, to geographical isolation, due to those mountains serving as a barrier, crib and civilization from coming into the region -- these people will be blocked off from civilization. in many ways, due to geographical isolation, they are going to continue to live like our contemporary ancestors. like how our great-grandfathers lived among grandfathers lived in the 1700s. said, even though they are for train these people as being different than other americans. say americans living in new york city, they do argue that they have these -- they are noble rates of people may have unique qualities that are going to allow them to ultimately become civilized. that is the

really, it is beating the s&p. the space you see, almost all over the s&p is from goldman sachs. rings into account how the dow is weighted. with about the weight indexing. it is price weighted. if the stock is trading at a high price it gets a high weighti 8.4%ng. , a monster weighting. is goldman is the 15th biggest company with a .4% weighting. take apple, the biggest in the s&p 500. in the dow jones it is the ninth biggest because it is only 140 dollars a share. that is nonsensical. this goes back to when the dow was invented in 1896. when you look at how it was done, they wanted something to measure the market. it wasn't meant to be investable. if you go back to when dia was insepted in the 1990's, s&p since thethe 1970's. it is doing quite good over multiple time periods. of the dow.ew fan applico: is the flow increasing into the diamond? flow grow by 3 billion, 28% increase in assets. on a percentage basis, the rate of flows is bigger in the doubt etf. : the question you are being asked, do you think there ?ill be a trump-related etf will it involve tweets? >> i think there

like our great-grandfathers lived in the 1700's. even though they are protruding these people as being different, they do argue that they are a noble race of people. that they had the unique qualities of that will allow them to become civilized. that is the first image. this more benign image. this more positive image of these mountaineers that these local color writers would create. the second image is of the myth of violent appalachia. if you watch the rest of "deliverance" you will see the stereotype that mountaineers are predisposed to committing violence. that they have no law and order. they are our contemporary ancestors, but they are savage. you can see this image, the second image, is a more negative image. it turns out that both of those images continue to this day and they lived side-by-side with one another. i'm going to touch a little on that first image. that more positive image. but i want to spend most of my time talking about the construction of the violent mountaineer. my argument is, as we get into the late 1870's

the book spends a considerable amount of time taking us to the 1950's in the 60's showing off into the 1970's. you have got an analog but that is not your focus. what struck me was the you adapt in tone the book did you might not be able to detect if the -- the author's politics reading this. this is about the infrastructure built by the messengers of the right. as and that refreshing strategy and a tone for your approach to this. my question has to do with the play on the title. we learn a lot about the messengers on the right, but thosebout the messages messages delivered. i am if you would talk of more about whatdeas, conservatism is. in the 19 50's in early 60's, it is not exactly what reagan is talking about in the 1980's and not what donald trump is talking about in the 2000 and. if you could say more about what of the the messages messengers and how that sells or does not sell to a broader electorate. nicole: a great question and thank you for the kind words about the book. there is a strategic and intellectual reason why i focus on messengers instead of messages. the messages c

i do things with the s&p 500. >> perhaps i should have asked it that way. >> after the elections, joe and i raised our s&p from 2300 to 2400 this year to 2500. let me make one other point, i think somebody said we are just getting deluged with all these amazing changes that are going on, on economic policy. if any one of them happens, it will be bullish. imagine $2 trillion coming back to the united states. that's all you need to drive this market higher. >> appreciate the time. thanks for coming to the phone. we'll talk to you soon. >> ed yardeni. >> here is what's coming up. >>> earnings helping drive the market higher. we are drilling down on two of the biggest names reported today, boeing and united technologies and what those reports mean for the rest of the blue chips. our partners run the numbers on the top stocks when economic conditions p matmatch what we a seeing today. the stock that is do best. more halftime with scott wapner coming up. the investment managers at pgim take a long term view, teaming specialized active investing with risk-management rigor, to seek out global

the mid 40's. that is to we're lucky. forty-three in philadelphia, 41 in allentown. thirty-one in mount pocono. the problem is the wind, and as they are still gusty gusting to 30 miles an hour. that is trend through the afternoon. that is bringing values down to the low to mid 30's, they will stay like that throughout the afternoon and get town in the 20's, tonight. storm scan three, for the most parties quiet, just mostly cloudy skies, couple snow showers, maybely confine to the poconos but this afternoon if we're lucky 48 but it will not feel like that with the win. mid 40's at the shore and poconos stuck in the 30's with the snow shower. tonight, it will get coal. we will dropping down to about freezing for center it the i, that is first time we have reached 32-degree mark in a week instant is january 20th, so that january mild trendies starting to come to an end. we will let you know how long cool down last and next chance for precipitation in the the seven day forecast in a few more minutes, ji

40's, but feels like temperatures will be in the 30 's. so a comfortable start out there, for the morning rush but turning colder, later on today so definitely have those jackets and sweaters by the evening rush, bob kelly, we're talking temperatures in the upper 30's. the feels like temperatures will be in the lower 30's. coming up we will talk about that snowfall chance to kick off the weekend. >> i can hear arguments already with the kiddy dent want to wear my coat. why do i need to wear my coat. good morning everybody 4:03 live look downtown vine street expressway big old tonka crane out there as crews are still working, vine street expressway close todd vehicle traffic until 5:00 and new change is here with this construction, they have opened up the 19th street overpass, to vehicle traffic but there is also a new traffic pattern above on the ben franklin parkway, right there, in front of the franklin institute. if you are getting ready to head out the front door no problems at all on the major roadways this morning. we're off t

that, we will be in the the 40's. e the lehigh valley, probably topping off in the mid 40's as this mild is a few degrees on the cool side. we will get to 50 around philadelphia and surrounding suburbs. similar numbers, in the south jersey and shore. dover coming in around 50. we have a nice off shore wind today so that will pick up warmth on the land, so no effect from that 42-degree ocean temperature on the air, or or even shore hits 50 degrees at one point today. watch it happened, end of the week, arctic blast coming in here thursday, high temperatures running five to 10 degrees below average. that doesn't seem, too bad, but think of it this time of the year, it is january, so 10 r a high close to 30 degrees, that is it. that is not factoring in the wind. this cold spell will last into next week. milder today though, 50, with sun and clouds and then tonight on the chilly side increasing clouds, 34 degrees and then for tomorrow, a little cooler with the clouds, light rain around, 46 degrees, we're up to the the mid

the dow, s&p, nasdaq, s&p 400 mid caps all hitting highs yesterday. eing, home depot and visa logged record highs. and trump weighing in on the milestone during his first television interview since his inauguration late last week. >> i'm very proud of that. very proud of that. the business community and the labor community, you saw that with the labor leaders that came out. one said it was the single greatest meeting i ever had with anybody. it's the highlight of my life. the dow on top of it just hit 20, first time in history. i'm very proud of that. now we have to go up, up, up. we don't want it to stay there. >> vice president mike pence tweeting the dow closes above 20,000 for the first time in history. u.s. economy is being unleashed under president trump. >>> let's get you caught up on what's going on. we have a $30 billion pharma deal. johnson & johnson buying actelion for $280 per share in cash after weeks of exclusive talks. we talked about this transaction before. a 23% premium to its closing price yesterday. both company's boards have aprefa

&p 500 financial sector the best performing sector in the s&p 500 since that time. but these days the second best performing sector overall is a dividend paying sector and that is the telecome sector. they're up 15% since the election coming close to the 16% gain for the s&p 500 financials or the bank stocks. not all interest rates sensitive sectors like utilities are consumer staple stocks have participated in the upside. they've been lagging the overall market but telecome stocks are important for a lot of investors because they pay out side dividends compared to other parts of the stock market. this is the bang guard telecome ticker vox. it hit a record high in trading this past week and a lot of people are wondering whether this can continue as investors look for more dividend paying stocks. two of the biggest components of the index overall have contributed some of the biggest gains. at&t is up 11% but till pays refers a 4.6% dividend yield and verizon shares up by about 9% and they still pay a dividend yield over 4%. as people start to look in places to invest

i think it is a good first target for the s&p. when we look at what will get us there, materials are involved in this market for a while. this sector really took the last seven, eight months off. remember, we're coming out of a 30% bear market. today we had 50% that stocks in the index make new three-month high. we think it is bullish. the move is broad. it is chemicals, metals. this is a good group that we think powers the s&p on this next leg higher. >> should we invite chris over? >> he's talking my language. >> see, there he is with. the chair. >> job, nick. >> johnny on the spot with the chair. >> i think we talked about it. you have microsoft continuing, you have apple up 15% since november. it is up 30 since the lows. there's still a lot of good charts in this. biotech has been the outlier. stay away. the semis continue to work as well. no signs of deterioration cycleally. >> what would be the they know that you watch? >> we always need to be mindful of what the sentiment back drop looks like. i want to be careful we don't r

other areas in the lower 20's. for the next few hours we are in the 20's. partly cloudy skies. southerly winds increase in the day. the upper 20's. high pressure will get out of the way and the winds will increase. we are close to 40 tomorrow. on wednesday, we have showers and lower 50's on wednesday. behind the front we get warmer temperatures in the 60's by thursday. so, a big change coming here over the next several days for sure. by the end of the week it turns colder. not terribly cold. not frigid but colder. 40% chance of rain on wednesday. look on friday. then we start to slide backwards saturday with a minutery mix. -- wintry mix. next week we will be in the 50's. it won't be terribly warm but it will above average and we can say bye-bye to the deep freeze. i bet before winter is over another comes back. jonathan: you think? doug: i think. jonathan: we will take it to the bank. thanks. coming up at 4:30, 11 days until inaugust raig day. we are learning more about equipment that the bureau is stocking up on to respond to a worst case scenario. michelle: first, don't give

that takes us from temperatures in the 20's to temperatures in the 50's and 60's. oflong as we're on that side the warm front, things will be feeling mild. with the warmer weather, chances for rain. tuesday into the evening, chance for a few showers. most of them will be overnight aired thursday, fair amount of cloud cover with temperatures up to 64 degrees. into the weekend, much closer to normal. we do have to keep a chance for rain in there, likely kimberly: looking at our lows and highs, a 60 degree difference. josh: especially today, we are stuck in the 20's. but having the right direction. reporter: come on thursday, well. simultaneously] another great performance from the dynamic duo. sports is next. >> now, the toyota sports desk. action.some sunday another run in with the box. john walsh -- we picked this up in the third quarter. wizards on the break. john wall pass to kelly oubre jr. for this match. 64-63 lead. in the fourth, the execution of this pass was perfect. the finish inside. wizards win. in college it's, gw trying to put together a winning streak.

in the 1820's. some of the materials today before us relate to the mexican period in california history. it would begin once mexico gained independence from spain after a long independence war, which really began in the early hids with hill doll go -- who, who was a priest, spurred the mexican independence movement. mexico did not really achieved independence until the early 1820's. california developed a whole culture and an economy geared around the height and cattle trade. the most important work of literature that relates to this is richard henry dana's two years before the mast. he came on a ship from new england and arrived in san diego during that time. was --brought your today here today was from a french voyage account which has beautiful, what we call cost template of california people period, a manan and a woman. has become romanticized in literature, especially when you get to the 19th century with looks like "ramona" by helen hunt jackson, which molded the concept of what in californiari

we will rebound eventually into the lower 40's. e futurecast, lots of sunshine tomorrow morning, grab the sunglasses. you will need them midday. a nice afternoon, but a bit the wind increases later in the afternoon into the evening. and we are looking for temperatures that eventually make it into the lower 40's for the daytime highs, a good deal of sunshine. the wind forecast tomorrow, the wind gusts pick up later in the day. tomorrow evening, if you have outdoor plants walking somewhere -- outdoor plans walking somewhere, it will feel like lower 30's. the 10 day outlook, the weekend, low 40's saturday and sunday, a chance of snow showers sunday. then we warm up a little bit the middle of next week, back into the 40's. still, no signs of any snowstorms in our near future. alison: steve, thank you. we have breaking news, cnn is reporting a phone call between president trump and russian president vladimir putin will happen saturday. this will be their first conversation since president trump took office. no word on a specific agenda,

about the 1880's and 1890's here. one of the images is more benign. that image is that they are going to begin to describe these mountaineers as being our contemporary ancestors. even the name implies that these people are not so bad. with this image, our contemporary ancestors, due to geographical isolation and the mountains serving as a barrier preventing civilization from coming into the region. these people are going to be blocked off from civilization. in many ways, due to geographical isolation they are going to continue to live like our contemporary ancestors. like our great-grandfathers lived in the 1700. 1700's. even though they are protruding these people as being different, they do argue that they are a noble race of people. that they had the unique qualities of that will allow them to become civilized. that is the first image. this more benign image. this more positive image of these mountaineers that these local color writers would create. the second image is of the myth of violent appalachia. if you watch

the city says not enough sponsors to cover the cost. fox 29's dave kinchen live in manayunk tonight. dave, i'm sure a lot of people are disappoint in the this one. >> no doubt about that. it is a major blow for a world class event, but in the sense been in trouble before, and many are hopeful it could be saved again. >> come june the hills of manayunk wall will be known like this, em i racing bikes that compete in the annual of philadelphia international cycling classic, scrapped, for this year. >> i went last year. had a blast. so super upset. >> officials with the city of philadelphia say they were unable to find enough sponsors to meet the 1 million-dollar price tag. >> i'm shock and surprised. it is wonderful for the neighborhood. i think something that sets the neighborhood apart. i'm sad it will leave. >> absolutely heart breaking for me, and i feel like all of main street in manayunk. >> wendy owns winnie's la bus on main street, among the many business owners who says this lost will hurt big. >> i have a huge customer base, wrapped aroun

negative one on the s&p 500. n all-time high in friday's session, a little bit soft if her you're looking at equities today. switch up the board very quickly. in the bond market, three weeks of gains for treasuries. we're lower again, some curve flattening out there, down to 2.39. front and center is that weaker pound story at 1.2140. the year-end median forecast is still 1.25. we trade there at 1.2140, weaker pound story. julie: the new year president new meeting -- the new year brings new meetings. we spoke to the dallas fed president on friday and got his outlook for the year. >> i think a higher fed funds rate in 2017 is going to be more appropriate, and the thing we're going to be debating as the year goes on is the rate at which we should be removing accommodation. but i think the s.c.p. that came out as the projections gives you a sense of where we are, gives you a sense of my views. and i think we should be removing accommodation. i still think we can do it in a gradual and patient way. julie: with us is t

right now we have the numbers producing the wind chills in the lower 40's to the mid-30's. this will get colder and lower by tomorrow morning. but the key is to remember this is not an arctic outbreak. this is the weather conditions more reminiscent of the late january weather patterns. that is it. larry: thanks. one of the d.c. most iconic murals. the sprodding creation that adorns the side of the original ben's chili bowl location. but tonight the image has been whitewashed. overnight ben's chili bowl hired painters to completely cover the mural in favor of something new. you can weigh in on whether change was needed going to wjla.com/votenow. while you are voting we will turn to richard reeve. we want to find out what prompted all of this. richard: the owners he the mural was weather beaten and born. take a look at this. this is what you are seeing now. the message new year, new mural. already 1,500 people voted for new images on the wall. ben's chili bowl known for the food, of course. >> it has been an interesting and an amazing response this morning. >> but also the ic

a lot of places into the mid-50's. we are waiting for the clouds to move in and then it is the rain after midnight. in a few places, we are already into the 30's. for most of us, not too cold of an evening. down to about 42 at 9:00. in,he clouds start to move you notice the temperature doesn't drop too much from there. overnight, the rain will push into the area. after midnight, it will stick around for the majority of our monday morning commute and through a good portion of tuesday. temperatures above freezing for everybody but it will be a cold rain that we are watchi. through virginia down to atlanta and birmingham. at this point, still dry. once again, just kind of watching at the clouds continue to build into the picture. tomorrow morning, 6:00 a.m., you'll notice rain widespread. the more dry time into shenandoah valley. in southern maryland, that rain sticks around for most of the day. i think we see it like that for us by monday evening. into tuesday, you'll watch as the rain builds back in. , theu are off tomor

also posted the s t a s advent pena watch what can happen. and the see begins the quickly learning they eventually get enough of snow is more is forecast tomorrow friday who set a sunday to monday and then dean outlines the specifics of coming up a few moments. dean the track all these storms and here in the day the first health and about dry weather alerts his we keep you updated throughout the great thing is put schiller's >> pam: dump the most snow. chief meterologist brittney shipp will outline the specifics in a few momements. and now's a great time to make sure you have the kron-4 mobile app to track the all the storms. be the first to know about severe traffic and weather in your area. we'll also keep you updated through breaking news push alerts. coming up on kron4 news at ten. dramatic, new body cam video of an officer involved shooting. has been released. find out why a public defender says the video shows the s-f-p- d's actions haven't changed. plus. the widow of the florida nightclub shooter. back in court today. what her attorney

that will be in the 30's. fty-three right now. wind at the airport. north/northwest at 13 miles an hour. look at the temperatures. 37 degrees in mount pocono. we have upper 50's still in atlantic city. parts of the south jersey waking up to a mild start, 56 in mullica. fifty-seven hammington. we are looking at temperatures , north and west. bethlehem already 47, 47 this downingtown. fifty right now in newtown square. so across the region for morning drive a comfortable start temperatures on average about 50, by lunch we are at 43. 39 degrees by the evening commute. so temperatures will be dropping, and take a look at future feels like temperatures by 10:00 a.m., feels like 39 in philadelphia. by the afternoon feels like temperatures in the the 30's to lower 40's. so a dry start to your saturday but we want to talk about that saturday, afternoon and evening snow, light precipitation moving towards the area. not heavier amounts like what we saw last saturday, maybe a coating to an inch. at most. the seven day for

most locations starting in the t 50's locally. locally north and west up towards cumberland still some cool sl spots there in the mountainsthes with temperatures in the 30's t' to start the day.he day high pressure off the coastline pumping up a nice a warm southerly flow. flow. it will be breezy this breezy afternoon with gusts from went to 30 miles an hour so do takesn that into account but witht buth temperatures like these, who can complain? 67 degrees later on today here inere in washington. fredericbu culpeper 67. all in all, a very nicey n january day coming our way butut yes, changes for the weekend. wd more details on that in aboutn 10 minutes.inut for now let's get to erin como c for some traffic. tra >> on-time traffic brought to tt you by toyota.a. visit buy a toyota.com for special offers.ffs. >> well, 5:07 straight up saighp right now. we're taking a live look loo outside where things are a cruising right now on 95 rig now problem free coming up pastast prince william parkway. pkw south of that point we haveweave some

the equity markets an all-time high on the s&p 500. up 84 on the dow. 9 points on the s&p 500. this. a weaker dollar story. the cable rate just briefly 125, the pound against the dollar. alix: here is what you need to know at this hour. president donald trump unveils actions on national security. the are expected to include steps for building a wall on the mexican border. is set the pace of two session lows but it has now reversed higher on the session. deficit details. president trump's pick provides director says the national debt has to be addressed sooner rather than later. her.the force be with u.k. prime minister theresa may battling a rebellion from her own lawmakers, say he will publish plans to move from the eu. savid: 4 president trump tweet this morning. yesterday, he told us what he will be doing later today. he said he has a big day plan on national security tomorrow, that is today. among other things, we will build a wall. with us now is our reporter. program.o the tell us about where the president has been going to last few days because there has been a lot of ta

we've got temperaturesrau in some places in the 40's buta most of us in the 50's to's t start the dayk at yourau after school forecast today. yeah, little springtimele s preview here. warm temperatures.empe kind of partly sunny.ki mid to upper 60's expectedecte across parts of the area here later this afternoon. after 54 now in washington. washing 57 glorious degrees inin annapolis. 52 up in westminster, frederick 52 degrees.2 grees. 49 in martinsburg. in martinsbu. still there is a pocket ofocket cold. if you're one of our viewersur s in cumberland you're still 39 degrees. little pocket there of cold temperatures off to our north po and west. all right. the reason we're getting the warmer temperatures tapping into a southwest wind heretd re ahead of our next frontal nexfrn system allowing very mild air in here for a time of 18 the 18 current winds out of the southn and west. it will be a breezy day today.a. we'll have some breezes out ofet the south and south and westnd at about 15 to 20 throughout the day. all right. ernigrs overnight. most of few leftover showers, little lit stragg

thirty-nine in allentown to the mid 40's at the shore. zooming into some suburbs, not much change, upper 30's for quakertown, pottstown, mild start to the day. even with the lack of sun, we should be able to hit the 50's today. fifty-five around philadelphia , lower 50's at the shore and mid 40's at the poconos. keeping the mild trending but there will be a strong storm that is bringing a good deal of rain the this is delaware valley. we will talk about that in eyewitness wet the inner a few minutes, jan, back to you. >>> it is 6:02. time to check the road. lets go to amanda muhler in the cbs-3 traffic center, hi there, amanda. >> reporter: we have a couple big things to talk about this morning. we are keeping an eye on this accident on i-95 northbound between woodhaven road and street road, right now that has both left lanes blocked there. we have an accident near abington at martin road and cedar road. watch out for that traveling in that direction. >>> as we have been mentioning all morning delaware river turnpike bridge in bucks county

they switch leadership and the s&p still grinds higher. can we see the market come in 3%, 4%?es. >> 3%, 4%, back to 2,200. i'll mention this. the market hasn't been doing anything, i think everybody is looking at dow 20,000. got within half a point. what's going on the dollar has come in, rates have come in, crude is down. those are things that should be beneficial to a long equity trade. at the end of the day i don't think there's any cause for alarm but a lot of people looking to reload in the broad market back at the break out level. >> basically a small pull back. are we being a little bit too complacent? >> we're going into earnings. >> so the problem is we had such a big run in the overall market that earnings are never going to confirm the move that we've seen. >> why should we hold where we're holding. if it's not confirmed. >> i've been saying this from the start. people were caught on their heels being long bonds and actually not long enough equities. they have to get longer equities. >> but why is it that valuation suddenly is not an issue any more. i hear you, stev

green across the board, record highs for the s&p 500 and the nasdaq. big gainer of the three major indices was the nasdaq. the nasdaq also doing well -- the dow also doing well, less than 100 points away from the level people had been looking for. scarlet: and breaking news from texas instruments, reporting fourth-quarter earnings of $1. 02. fourth-quarter revenue higher than anticipated and the outlook for revenue is anywhere from 3.17 billion dollars to $3.43 billion. it's higher than what analysts were looking for. they anticipated 3.23 billion dollars. texas instruments moving around in after-hours trading, currently down .1%. brian carter has been promoted to coo of the company. so texas instruments beating when it comes to fourth-quarter revenue and its first-quarter outlook. u.k. prime minister theresa may will be the first european leader through the door of donald trump's white house. she will visit washington on friday, coming on the heels of today's brexit hearing where the u.k. supreme court decided they must have an act of parliament befor

probably, the lower 40's. will look at radar right now and see rain south, well south the of washington d.c., and again, not expected to make it here, we will probably be in the upper 30's, lower 40 's maybe mid 40's throughout the day-to-day. it depend on how much cloud cover takes over by the end of the the day and here we are into tomorrow morning, with temperatures in the 30's, and the rain coming in, probably about four or 5:00 o'clock in the morning, but it could be a little bit dicey north and west of the city. no advisories out the for early tomorrow morning but we will have to watch, for black ice, i think we will stay above freezing in philadelphia but we will keep an eye out tomorrow morning as everybody gets back to school and work after the holidays and it does look like rain continues on and off throughout the day on tuesday, and, doesn't really end until very, very early wednesday morning. so, here are your temperatures as we walk out the door and it is cold, 6 degrees in mount pocono. this is a

get in the 20's for the suburbs. not rock bottom or anything like that. there's going to be enough of a breeze to keep the temperatu here in town, right around it's in the 30's, mostly cloudy on sunday, 45, and then sunday on across. little bit more than what we've had today. cold air in place, north and west of us. jet stream is dipping down, we're getting a little trough of low pressure, creating a lot of snow shower activity. some of this came over the mountains today and brought flurries. to our northwestern and western neighborhoods. there was good flurries from time to time. i got pictures on twitter. that's nice. 33 degrees tonight for low temperature, again, 20's for the bumper bes. tomorrow 46, hopefully little more sunshine i want to say. the wind will be west at 15 to 20 and a little bit gusty at times. here's your seven-day forecast. 40's for the weekend. look, it's late sunday night through monday morning. it does not look like this al bumper at a clipper hats a lot of moisture, we're going to keep a lit

the s&p 500, a much broader measure. so they will take a stroll to the smart board and show us the levels. >> sure. so when we talk about this, and we dial up, it gets heated on both sides. you have to put in it perspective. the markets are tradeable and that's what you want to point out. what are the levels on the up and the down? so recently, here was your low. so just through this prism, look at the market place. let's call this 2021. and then you want to chart this. today's high was right there. 2282. if you look at the argument, when we were talking about whether or not the market would sell off or run right through these big round numbers of 2,300, yes. you have to know both levels up and down. you look at your retracement. and you come down to a level of 2184 to 2159. they're important because guys who program their algorithms, they look at the retracements. this is 50% and these are the most significant bounce levels when you talk about this. this is where, if the market sells off 4 to 6%, let's call it, this is w

president trump signs on the dotted line the dow and nasdaq and s&p take off. we have the dow within about, yeah, you could call it 70-60 points of dow 20,000 after he signed executive orders among them putting the keystone and dakota access pipelines in play, the markets like it at the moment. the dow looking higher about 17 points, s&p 500 and nasdaq, the numbers to watch, we will give them to you in just a minute. it doesn't matter at this moment. above record closes. what's driving it? energy and technology names. at any moment we do need to tell you the president expect today meet with senate leadership on both sides of the aisle, the latest meeting in a jammed-packed second day of what mr. trump plans to do, he is opening his ears and listening to friend and foe aligning. in this hour, it is crystallizing, lays focus all day on the economic issues that the president campaigned upon when he was, of course, a candidate. look at this, three ceo's who on any given day are sworn competitor enemy, all of them together, all three major auto companies, ceo's broug

but we had been back in the 1990's. back in the 1980's. ragile emerging-market outlook, that's where i think the view that we have which is oil will rally to $70 because of this reflation pressure and outlook for and the opecth cuts, that is where the outlook could change. it seems that the incoming administration may not be necessarily pondering of the effects that the words are having on this emerging-market. look at the mexican peso and the turkish lira. this gets me really anxious. thats why i wrote my piece i saw it in the 1990's very closely. i don't think emerging markets pressure of athe 25% appreciation in the u.s. dollar. alix: what about the internal issue? what happens to wti prices in u.s. if we do get that vortex adjustment? -- border tax adjustment? up --sco: prices will go alix: a 25% increase in the mystic oil prices? -- domestic oil prices? francisco: i think prices globally will go down. the bti -- wti me not go down as much. this may not go down as much. wti may not go down as much. onehe pressure from day becomes a focu

the s&p hit an all-time high. th in the largest economy is set to accelerate here it cory johnson is here to pore through the numbers. trading, iday's think you see all caution being thrown to the wind. we saw in the s&p 500 and in the nasdaq. i look at my bloomberg imap function, it shows different sections of the market, these are the sectors of the nasdaq, we call them tech heavy, but there are a lot of different industries. the only thing that didn't go up is in the red here, the health care. those stocks in the nasdaq might be those that aren't the dividend heavy paying ones. companies more in biotech and so on. certainly the strong move into these technology stocks shows that investors look at this world don't see a lot of risk. caroline: are we seeing any particular flavors that are outperforming? is it based on trump at the moment? are we seeing hints at the way that policy might be navigated? cory: i think it's the idea that tax policy is going to favor these companies and that congress might not stand in

that's taking an edge here on the temperatures, right now in the 30's, feels like the 20's, factor in the wind. thirty-five right now at the airport officially west breeze at 10 miles per hour. we will get some gusts maybe to up 25 close to 30 later this afternoon, but does feel like 27 currently here in philadelphia. 26 degrees the actual air temperature in mount pocono, for the mid 30's as well in south jersey, wildwood checking in at 36 degrees. thirty-one willow grove, doylestown, so some spots freezing, first time in a week. for some locations, nice break from the colds air. sustained winds ten to 15 miles per hour today out of the west, higher gusts, and those windchills, low 20's allentown, where it really feels like. hats, gloves needed maybe going out for the morning work out, jog or bike ride. you will feel the chill. storm scan3, pretty quiet for the most part, clouds over us right now, still snow showers out across the mountains of central pennsylvania, pocono region, other than that don't expect to see a lot of sunshine, it will be similar to yesterday, sunshine to start

that's why the temperatures are in the 40's. the overnight lows, a good spread from about 34 to 40 across the area. as you are starting off the first day of 2017, it is still chilly, but nobody hitting the freezing mark. if you want a new year's resolution, a 5k the first day, 44 degrees at 10 a.m. in reston at the 5k by the town center. lunchtime, near 50 degrees. high tomorrow, 52 d.c., 55 fredericksburg, 48 hagerstown. south,ral, the further slightly warmer day full stop overall, a pretty nice day to kick off the new year. kickoff, 4:24, i expect things to stay drive. lane should show up later in the night at about 10:00. upper 40's to get started, the end of the game of the game in the low-to-mid 40's, still comfortable. expect a fair amount of cloud in ourbut that works favor as the sun sets, the temperatures don't drop quickly. p.m., night, 10:00 futurecast bringing in showers over the shenandoah valley, fredericksburg. it will not be much longer towards d.c. the rain moves in sunday night, sticking around monday. monday is

get back to the warmer pattern. no 50's60s like we had the past couple of weeks, actually eight days with over 50 degrees temperatures, for philadelphia, so pretty impressive for the monday of january. now moving to the middle of winter, pretty much what we can expect. things no real true arctic air, but waking up, check in with backyard, from the weather watchers. going little further to the north in philadelphia. up in berks, john jenkins, mostly cloudy skies at 31 degrees, so for the first time down near freezing for locations in just over a week, so we had nice break from some of the colder air, so winter weather love evers, you will like this forecast headed into the middle of february. it will be add or maybe even slightly below average as far as the temperatures go. into new jersey, we will head across the river here, kerry higgins in mt. laurel. 34 degrees, partly cloudy skies, little further south into interior south jersey. john, in mullica hill, he's got 33 degrees, under mostly cloudy conditions. and there is a

oil reversed and took the s&p 500 down with it. when you surveyed the stock universe, the oils actually gave up very little of their gains, less than every other group i follow save the drug stocks. today we had a rally in crude. why is that? how did the oils hold in or in some cases rally harder on days like yesterday where crude went lower? a couple reasons. first our oil companies with assets in the permian are making a lot of grumbles about how they continue to cut the cost of drilling so that anything in the mid-50s means production growth will exceed expectations. they make too much money at these prices not to drill. second, there have been signs of no cheating. no cheating in the recent opec agreement. that was something that was confirmed today by an opec survey. the best estimates indicate that the cartels actually controlling production far better than the skeptics thought. ird this, behind the scenes, m&a. in a little noticed story yesterday, an outfit called chapter 4 investors suggested in a letter that eqt corp., an i

the s&p 500 gaining 13 points. retionary leading the way thanks to gains in car makers and retailers. u.s.dication sales in the for the final legal december rose 2.2%. from new york, this is bloomberg. ♪ courtney: new york senator chuck schumer says the republican plan to dismantle affordable care act would make america sick again. meeting today after a on capitol hill of president obama and other congressional democrats. >> we have a great deal of optimism that the good things that happened with aca are going to stay and our republican colleagues do not know quite what to do. they are like the dog that caught the bus. they can repeal but have nothing to put in its place. it means something good things go away. >> he says rebel content no idea how to replace the legislation and their strategy will throw the income -- the entire health care system into chaos. president-elect donald trump has tapped a top deals lawyer to run a securities and exchange commission. a partner at sullivan and cromwell is the latest trump p

by the 1930's and 1940's we have driveways. s not until the 1950's and 1960's that garages become integrated into the house. you can see from this floor plan of a model of the house from 1963, the garage is enormous. it takes up more than 25% of the entire square footage of the house. it can fit two cars and a whole bunch of junk. this becomes a staple of suburban architecture, these dominant garages. you may remember the first image we showed in class, the most striking architectural feature of suburban houses were these protruding garages. they are called, pejoratively, snout houses. like they have big noses. people were critical of them because they elevate the car. but they also distanced the house from the public. it is often hard to see the front door and the connection to the people. garages are weird. they are an entire house just for your car. you can drive your car into your house. you do not have to feel the weather or see your neighbors, you just drive into your house, in this little house, just for the garage. they

down five in the premarket. sp down that even the point. >> everybody's betting on the march rate hike. oil pulling back 93 cents. 5306 end quote is up almost $3 at $11.76 a troy ounce. lauren: half a point away from the historic 20,000 milestone of writing before pulling back following the fatal shootings at the fort lauderdale airport. the s&p 500 and nasdaq closed in record territory on friday. will the dow follow suit this week. rob morgan, chief investment officer. good morning to you. we are getting a lot of big numbers out. earnings season begins. it's been for those of the middle of december. let's get to december. you think that's inevitable in where to go from there? >> i think we'll have a good earnings season and get 20,000. i'm not sure that one is going to cause the other. we've had quite a run since the election as you know and it wouldn't surprise me to see the equity markets, particularly the dow consolidated big here. we've seen us then approach 20,000 we just noted that it's been selling to pull

we are off by maybe four points on the s&p 500. ened lower by about 26 points and the nasdaq off by about 11. the biggest percentage loser among the three big. and different story in europe because the losses are bigger than in the united states. if you look at the german dax, same percentage loss for the cac in france. and inftse 100 off by about 1/10 of a percent as well. and in asia, the big story here, sarah and we talk about this last half hour is the nikkei in japan off by over a percent. stronger yen, weaker u.s. dollar. and the shanghai composite up. >>> as for the broader market picture, some buying of treasuries as stocks sell off, pushing yields lower, 246 is your yield on your tenure. and your dollar is weaker not just against the yen but against the euro. euro back above 107.38. really moving against it yen. 1% move lower. that's accelerated over the last half hour. even the pound is stronger against the dollar today. 124.59. and on the flip side, it's been a ben fishiary up about 3/4s of 1% this morning. the weaker dol

ou association it feels like it's t in the mid-20's to the upper per 30's. 37 here in washington.whi ver.ver we've got some snow showers.sho some of which look like of h lo they're trying to make it tot to the ground in hagerstown.gers all these ingredients leading le to a recipe for much colder mucr weather. 42 by 10:00 a.m., a briska breeze and a high of 46 laterlar today with some sunshine. that's a look at weather.w let's check the roads here.her. early on this friday morning mo end of the week and thek and e weather is cold but other thanot delays. de friday morning commute lookinglc good.om i'm tweeting weather muanteder d traffic at caitlin roth. no volume starting to build 95bd northbound dale city to theale e beltway. just normal voblume at this th hour. otherwise staying in northernorn virginia edsall road to theto 14th street bridge is still st quiet in and around theround t district and inside thee the beltway has been fine. fi. 66 eastbound is just someus light traffic volume from 234 f4 to route 28 again just volume.vu so pretty normal.r and finally southbound branchthn