let's talk about the 1950's now. let's talk about how this developed in the 1950's. the unraveling of the traditional judeo-christian ethic, you could see it in europe in the late 20th century. for americans, you really only begin to see it in the 1920's, the roaring 20's, the jazz age, disillusionment after world war i. then it was interrupted by the great depression, then world war ii, the cold war. you do not see it unravel until the 1960's. especially when the decline of cold war tensions as well as democratic factors like the baby boomers coming-of-age began to kick in. the 1950's are a period of hiatus. they are still security conscious. they still place a great deal of value on the family and of social order because of the dramatic impacts of the depression and the world wars. this is why 1950's are considered a conservative decade, even though historians emphasize the way in which the continuity in development of cultural modernism from the beginning of the 20th century. the popular image of the 1950's is a decade of conformity. that americans were other direc

was in the 1950's. america became more car-oriented in the 1950's. there was an expansion in outdoor movie watching. it change the preferences americans had for sports. football was more well adapted to television than baseball was. period where basketball competed with baseball. some will say they prefer to listen to baseball on the radio then watch it. whereas the other sports lend themselves more to the visual of television than the radio format. you take it for granted because the application of this idea of the image being broadcast and available, you have to imagine how new that was in the 1950's. radio, by bringing sound into the home, had a similar impact. television changes that dramatically. you are used to having television at your fingertips. you are watching images all the time. some of you might well be doing that now. the ubiquitous in this -- ubiquitousness, you have to imagine what it was like when it was new. the idea of the image being available through television was cutting edge. another consequence of the baby-boom was, the devel

the 1950's with a decade of the the 1950's where the were the dhe 1950's ecade of greatest population increase in american history. it was driven by natural increase. american population had increased in the past because of both the natural increase, but also a lot of immigration. in the 1950's, immigration had almost entirely been cut off. this was homegrown. immigration does not play much of a role in this. every major american city in the 1950's lost population except for los angeles. los angeles is a suburban sprawl itself, not a concentrated city. one of the political consequences of this is that big cities lost their dominance within the state. boston does not dominate massachusetts the way it used to, new york city does not dominate new york the way it used to. new york declined from 55% to 45% in this period. it is increased, there is been a reorganization movement. new york city has more population now and is increased its relative influence in the state of new york. boston went from being 18% to only 9% of massachusetts' population. chicago, a much more concentrated populati

in the mid-40's it becomes more urgent. as oil strategist look ahead, they feel that the depletion of reserves was approaching peak oil. it becomes well articulated in the 1950's when a geologist frames the theory of peak oil, saying that american oil collapsewere going to by 1970, forcing the country into a difficult situation. this kind of apocalyptic fear of american losing its oil sources going to drive exploration abroad. driven by fear but also optimism. sistersalled seven pictured on the top right, which included five major u.s. oil companies, texaco, gulf, standard oil of california, on,vron, excellent, -- exx and standard new york, mobile. this is a process of global exploration that started in the late 19th century but takes on a asia,gency, whether it is europe, and especially the middle east and saudi arabia. there was a whole cohort of powerbrokers, those that were in publishing, those that were in washington, those that were ceos and leading executives of these companies. of e that were lobbyists major oil, som

take root in the 1950's. we can talk about religion and culture. we can talk about some key political pivots. all, important. the bottom line is economics. in the 1950's, we see both independent and major oil looking for ways to buttress their own corporate survival at this time. i would like to give you a snapshot of two important initiatives. both of which, but especially the first one, aramco, we will discuss at length on wednesday. these are economic initiatives that demonstrate the entanglements of religion with oil and the politics and global initiatives that will arise from that combination. the first of these is aramco, this takes us back to william eddy and the arab agenda of the 1950's. as we saw, with accelerated interest, american oil exploration will take place in the early 1930's, 1940's. formalized in 1945. in the years that followed, chevron and texaco will send workers to saudi arabia to work for a company that is now called, as of 1944, aramco. the arabian american oil company, the name itsel

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tohing the s&p and nasdaq close up in green. finishing there, nasdaq of one half of 1% rate if you look at it on a weekly basis, the week higher for the fifth straight week. pretty impressive in light of the news we seen, the oil selloffs. scarlet: hard to remember. let's get into the different sector moves. thee modest moves in indexes really don't show what's been happening beneath the surface. here we have the s&p 500 split up into 2 groups. growth year sectors leading the gains once again. this is within biotech, within health care. you have the tech hardware group, health care equipment. what oliver renick was telling us earlier is it's not so much a rotation out of energy into tech, it's a rotation out of energy and tech into some of the growthier parts of health care, and coming out of the growthier parts of tech. on the downside, we can't ignore energy stocks down by almost 3% as crude oil entered a bear market. they continue to get hit. the are not really dragging the auto market down -- bottom market down with them. it

you have one of if not the lowest s&p target by the way. but ge -- how is that consistent then if you think that the group that's been leadsing is going to go another 40%, yet you are one of the most cautious strategists on the street with one of the lowest targets? >> i'll keep my fang at 6% of the market. even if it's up 20%, it adds 20 points to the s&p. it's not like fang. fang could still do fantastically in the second half. it's going to push the s&p to 2600. we liekdz fang from the start of the year. base we have been sort of cautious on growth, so we'd rather buy where visibility would be, which is fang and craft. obviously the fang side worked better than the craft trade. >> but how can you be cautious and think fang is going to continue to run the show? >> well, it's just like 2011 and 2015. in 2015, we had a growth scare and in 2011, we had shot down, downgrade both years fang had big second-half rallies. i think when you start to worry about growth, it's not defensive stocks necessarily that work. it's secular growth. >> you sai

from the 40's to the 60's and 70's you have these posted in logging towns. for the larger pieces of equipment, what we have done with this display is traced the history of logging technology. a cool that was actually developed on the east coast in the 1850's. it was also used out here. what it is is a spiked tool you would use to move logs on a river drive. as they are floating in the water it would be used to put them in the water, take them out while you're standing on them. river drive super grueling. they could take up to two weeks. the net would be in the water almost all the time with their pv's. the next is an early piece of logging technology, a felling ax. it would be used in most of the press of the united states, but in the west coast of the size of 10 trees, trying to fell foot in diameter redwood with an ax, you would be added for days. we saw the ax above it, a crosscut saw. that is a saw made to be used by two men standing on either side. unlike what a lot of people think. you are cutting as you push the ll.eacht on the pu would take turns push

we are currently in the mid-80's. the dew point back in the 50's. that will be the same tomorrow as well, very comfortable. roanoke, a, 84 little cooler to the north and west, 76 indianapolis. we remain in the mid-80's the next couple hours. very comfortable and warm across the region, a great night to get out and enjoy the outdoors. onight a little cooler, 60 to 69, lower humidity, and the wind diminishing. the capital barbecue battle going on right now, until 9:00 tonight. tomorrow, another repeat, come in the 70's pride or to the event, getting into the mid-80's by the afternoon. plenty of sunshine and low humidity. just a perfect end to the weekend. will next week, this continue, averages about five degrees below average. tuesday even cooler. 70's tuesday. there is a possibility of a stray afternoon shower or storm. we are watching a little weak disturbance, but not a lot of moisture to work with. we startday, and then going the other way towards the end of next week and into the weekend, back up near 90 degrees thursday, friday, saturday, sunday

s that have faltered in the 70's. sometimes, it was successful. sometimes it was not. i think in terms of the long-term economic impact, it was mostly the 50's and 60's and early 70's, the long-term economic impact was limited. you're not going to get 10% economic growth the way the united states was getting in places like south korea or taiwan. there were also a lot of internal dynamics in the african countries. it inhibited growth. i think the fact that these economic aid projects didn't produce long-term prosperity in africa, i'll think the chinese completely got the blame for it. i think some africans became completely disillusioned with aid. i have one quote that i found in the book, i think i found it in the new york times. there was the story going around, the chinese will supply the labor, the soviets will supply the technicians and the u.s. will supply the capital and the guineans will make sure that none of it works. you have a lot of stories like that as well. countries are becoming general disillusioned wit

we have the dow, the s&p 500 trading modestly lower, the dow down about .3%, the s&p 500 about 2% -- % being dragged down by energy, look at the nasdaq. , andasdaq up about .5% tech is helping, one of the only two sectors positive in the s&p 500, but biotech is as well, pretty investing there. oil is the big story after what could have been perceived as somewhat of a bullish department of energy inventories report. according to our oriole strategist at bloomberg, oil is down 3%, now down 23% from the february peak. energy is the worst sector for the s&p 500. these are among the worst performers. chesapeake, apache, transocean. when we look at the bloomberg chart, thisthis will not come as a surprise either. we have the s&p 500 energy index being taken down, and below we have percentage of energy to the s&p 500. right now, it is at the lowest level since 2004. that is the greed which investors are moving away from energy -- degree of which investors are moving away from energy. here is health care, the s&p 500 health care index is at an all-time high, helping out with pfizer, merck, an

the dow was higher yesterday the s&p down by 0.2% the nasdaq 0.4%. bit of a selloff in the afternoon. not much in reaction to the fed decision just softness in the tech sector that's why we saw the nasdaq as the worst performer. futures are down quite sharply 64 points for the dow. the nasdaq down another significant move, 67 points. that's higher in percentage terms. 12 points down for the s&p question marks on whether this is in relation to the announcement, reported announcement that president trump is under investigation for obstruction of justice an update from washington on that coming up the fact that the nasdaq is leading the move down, suggests it is not that as the driver, just more tech softness. oil prices were key yesterday. we did see the energy sector within the s&p as the worst performer. down 1.8%. oil prices fell nearly 4% on u.s. inventory data for gasoline showing more supply than expected today things stabilized. wti 44.7 flat at this hour. ten-year treasury note, we got that 25 basis point hike we saw the dollar and yield curve

and dropping into the 40's in the lehigh valley, bucks county. trenton dropping into the 40's with 46. bottom out at 54 in philadelphia. showers possible over the next couple of hours, otherwise cloudy and the north easterly winds stay in control. i think we're going to go see late day sunshine, maybe a brief light shower, high temperatures running about 15 degrees above average but a big ridge in the jet stream. a quick transition as we head into the upcoming weekend in our temperature department with hot air building in. upper 80's in store as we head into sunday but for today, have the cool air, have the clouds, of course, and the damp conditions once again and more rainfall, we tallied up over an

weak fall back to the upper 60 's in the midnight hour. watch out for a small chance of the stray shower, i think most areas, just staying dry. current temperatures across the region in the 60's. seventy's and 80's. mount pocono 69 degrees. seventy-seven in allentown. 80 degrees in philadelphia down the shore 79. wildwood is 82. in atlantic city. eighty in millville. 78 degrees in wilmington. dew points making it feel so good out there in the 40's, that is such a treat, especially for this time of the year. usually month of june it is feeling more humid then it has been throughout the day today, dew point at 46 making it feel awesome we have more air where that came from tomorrow it will be a cool day, cooler then average, the average high temperature for this time of the year is 85 but we're looking at a high temperature of 78. seventy's in the delaware valley with the exception of the mount pocono with a high temperature tomorrow afternoon of 69 degrees. it will be a cooler day out there but we're eventually going to be turning warmer an

temperatures in the middle 80's, dropping into the 70's. ce we get through the cooldown wednesday and thursday, highs only of the 60's, that is when we warm up, back into the low the middle to upper 90's next week. jonathan: steve, thanks. getting ready for college before he can even drive. alison: he is the youngest jonathan: in baltimore tonight, getting ready for college at the age of 15. he is graduating high school three years ahead of schedule. alison: fantastic. he was at an eight grade reading level when he was just five years old. up next, howard university in the fall, with a nearly free ride. jonathan: making his parents even that much happier. alison: what a superstar. congratulations to him and his family. jonathan: cleveland is not getting a free ride. robert: a very rough ride. compare last year t >> and now the toyota sports desk, brought to you by your local toyota dealers. robert: question of the night -- are you a smart guy? lebron james wants to know after getting the from a reporter. steph curry, klay thompson, green, ke

it crests in the 1940's and s, and then incede the 70's, but it does so this different media and for different reasons. following that same chronology, half of which is passed the period i cover, you can find american sort of tactical use of human rights in its usia output, but you do not find it much in the 1940's as you might think. there is a serious emphasis on the u.n. and american output and all caps of places fairly -- all kinds of places fairly consistently from the 1940's to the 1960's if it's congo or korea or what have you. the idea is that the u.n. is going to be the best guarantor of peace going forward, deemphasizing a sort of hyper role of the united states. human rights enters through the side door there, but it is not as prominent as one might think, at least not in the stuff i found. i did not find it to be as much a part of the third world project as i might have expected it to until that latter phase in the 1970's. once that conversation changes with the new international economic order and the directions these discourses take, but i did not cover them as much in h

photos was taken in the 1880's, and when we received the store from the family in the 1960's, we wanted to restore it condition, so80 we used this photo to help us in our restoration process. and if you look around, we could -- we try to match it down to the last hat. >> it was the development of technology and transportation that really in the 1870's spelled the end of shasta when townailroad developed the of reading about five miles east of here. the town really became a ghost town around the turn of the last 1900sy when in the early there was maybe only two or three businesses left in shasta. >> we are driving across shasta dam right now, and we are in the middle of what was shasta county's copperbelt. on the lake side of the dam, lies the remnants of the town of .ennett and the mammoth smelter on the other side of the dam near the foot is the old town of quorum and the courtroom smelter. thae smelter. coram copper industry. toave devoted myself now things that are not told and starting to get things out there. right now we are standing outside the remnants of the co m am smelter. co

it becomes a state historic site in the 1970's. then a professional museum functioning for tours and programs for the public in the 1980's. the mills' twin daughter gives the house as a memorial to the lifestyle of her parents. it really is with all of its original furnishings pretty much where they left things. it really is a time capsule into a time in american history that we just most of us anyway are never going to re-create. and she wanted it to be sort of the way to see how her parents lived and how they transformed this landscape. >> this week and we are featuring the history of hyde park, new york. two or more of hyde park other stops on our cities to her, visit c-span.org/cities tour. you are watching american history tv, although can, every weekend, on c-span3. >> american history tv was of the american -- organization of the american a normal meeting in the worlds were with historians about why syrians immigrated to the u.s. during the first world war, and what life was like after they arrived. this interview was about 1

the dow up 1.3%. 1.24% for the s&p. for more go to cnbc.com/pro. the halftime report with scott wapner is back in two minutes. hey. pass please. i'm here to fix the elevator. nothing's wrong with the elevator. right. but you want to fix it. right. so who sent you? new guy. what new guy? watson. my analysis of sensor and maintenance data indicates elevator 3 will malfunction in 2 days. there you go. you still need a pass. there you go. oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. >>> all four of the faang stocks have left the s&p 500 in the dust this year. but fund strat run by tom lee, says there's still more gains ahead in the second half of 2017. the firm is sticking wi

as i look at the sectors in the s&p 500, i look at the level two of s&p 500. is breaks up into 24 industry groups. you will notice most of the best performers are technology. software and services, clearly the tech name dominating here. -- e posting ceos are gathering in washington dc, making their case to the washington white house. on the other end of the scale, youe look at the laggards, have energy off by 8/10 of 1%. the run proxy is falling. telecoms off by a quarter of 1%. none of them seeing a whole lot of pricing power as they undercut each other with better deals. and apple, as we mentioned up i almost 3%. have qt, offde you by 9%. it will become the largest gas , holding $6.7 billion, clearly investors don't like that. >> let's take a look at the government on the markets. with the very fitting general risk on attitude seen in market. still pretty low for the perspective of the year. >> trading at the highest level of the day. saying the fed president he was confident the fed expansion has a long way to run. but he is seen as generally being in line w

through the overnight, we drop 70's to on the lower 60's in the metro area. upper 50's by morning in the suburbs. once we get cranking through the day tomorrow with the sunshine and the winds. we will get 90. feel warmer in sunshine. because of the moisture. 92 on friday. average high is 87. we will look ahead to the weekend. a big fourth of july weekend. it's big on the heat and the humidity. highs lower 90's saturday and sunday. afternoon thunderstorms possible. monday we get a brief break from the humidity. 90. a lot of sunshine. by the fo highs lower 90's. feeling like middle 90's. 30% chance of showers and thunderstorms in the afternoon. the beaches, you have the shower chances and the storms sunday afternoon. maybe a couple on tuesday. generally it will be pleasant at the beaches. cooler temperatures in the 80's. look at the 90's. the average high is 87. next week is 88. we have increasing humidity. storm chances saturday and sunday and tuesday and wednesday. the end of next week is fine with the sunshine and the temperatures in the 80's. scoot up the po

i think we will see temperatures drop into the lower 60's in the outlying suburbs, upper 60's, near 70 in town, but low humidity, cooler than the last couple days. highest tomorrow near 85 degrees. not quite as warm. the ever high is 87 degrees. plenty of sunshine and the key will be low humidity. just how long will it hang out and how cool we will get, about 10 degrees cooler than average starting the work week. i will let you know which of those days coming up. horace: thank you, alex. we are just hours away from big changes for metro rail and bus riders. they are operating -- adjusting operating hours, fares, and bus routes. tim ba tim: this is one of those metro stories that affects everyone. this metro station on the weekend will stay open an hour later, but now for some of the bad news. metro has dozens of train stations and thousands of bus stops. each one is about to see major changes. fares are increasing, hours are changing. >> increasing? people will be insane over it. tim: metro rail stations will close 30 minutes earlier during the week but stay open an hour later on the w

the s&p 500 was up nearly 11. and with stocks at or near new highs, a new survey shows a record number of investors say stocks are overvalued. bob pisani h >> reporter: the markets are back in record territory after snapping a two-day tech slump. beyond tech, a broader debate is emerging over whether equities overall are overvalued. bank of america released the results of a survey today and 44% of respondents said they think the stock market is expensive. it's the highest level ever. rougy 50% believe global profits will continue to improve. that's good news, but it suggests the markets are vulnerable to profit weakness down the road. you might think the biggest risk in investors' minds is for a potential selloff in tech, a big mover. but china's credit problem is the biggest risk, managers believe, followed by a risk in the bond market and then a delay in tax reform in the u.s. it might be surprising to see tax reform delay s assigned suc a low number on the risk scale. with tech stocks, the big winners this year,

as halftime, already or still in the mid-70's by the end of the game, low 70's. partly cloudy skies tonight. as we wake up tomorrow morning, notice our temperatures in the 60's to low 70's, factoring in higher dew points tomorrow. i think it will feel more humid that today. coming up, a look at your later week forecast and tracking some showers and thunderstorms this weekend. stay tuned. now, theing right mural featuring 15 faces on the side of this chili bowl is complete. we have been waiting for months to see the finished product. the wait is over. the city has unveiled the neural. the people featured have either made or are making a big impact in the city. each one was handpicked by residents in an online contest earlier this year. news at noonabc 7 -- going-moving bus backwards with nobody at the wheel. is stepping ceo down. the next move for the ridesharing giant. talk about a wild ride. how this guy ended up on the but first, a check of traffic. thank you. it is going to be a tough ride and if you spots on 395. we start with the 14th street bridge. the far r

due points are in the 50's and 60's. things are feeling really not too bad on the due point comfort index, we'll be in this pleasant category with due points in the 50's, nice sunday is on tap. i told you cooler weather heading our way, monday we're in the low 80's, upper 70's tuesday, below average. especially for june standards, back up to 81 wednesday. by end of next week and weekend we'll start to see the heat and humidity creeping back up. here's a look at the set up as we head to the remainder of the overnight hours, high pressure is no control for sunday, beautiful day, cold front will be swinging through monday. we could have just stray shower on monday but limited shower chances for the next several days in the upcoming week. nice forecast down the shore. sunny and nice for sunday with a high temperature of 83, cooler by monday with highs in the upper 70's a lot of sunshine. watch for a stray shower tuesday. temperatures in the mid 70's. tonight overnight low temperature of 69. mostly clear. pleasant of sunshine.

and american output and all caps of places fairly consistently from the 1940's to the 1960's if it's congo or korea or what have you. the idea is that the u.n. is going to be the best guarantor of peace going forward, deemphasizing a sort of hyper role of the united states. human rights enters through the side door there, but it is not as prominent as one might think, at least not in the stuff i found. i did not find it to be as much a part of the third world project as i might have expected it to until that latter phase in the 1970's. once that conversation changes with the new international economic order and the directions these discourses take , but i did not cover them as much in here because i just did not find them in evidence. of arguent to sort about the walks like a duck talks like a duck, there's certainly antecedents you can see popping up, but the phrasing does not really show up until really that second chapter in the 1970's. it is not really present here except if you read really deeply between the lines, but it is a great question because it's one of those things that

to your point about the last five days, the s&p 500 tech index is down more than 3.5%, the worst five-daytretch, emily, since the brexit last year. are selling, a lot of big names participating, like apple, amazon, facebook, and outlet -- alphabet, which had a fair, unusual downgrade. what is probably a plays whether these highflying stocks deserved to be highflying? that is true in the tech space. the of the chip index up sharply over the past year, more than 55%, lots of big valuation there. a lot of guys on the street have been wondering that sector -- when that sector will come back down to earth, happening now with some groups like ag, macron, and other groups giving back to that. even the losses were paired at the end of the day, this is still going up a little bit. emily: let's talk to -- about snap, now back up to the ipo price. what is your take? abigail: i think that is a very big sign of the tides -- times. that hot ipo went off not too far ago, and today, in the middle of this selloff, and even as we have seen those losses being paired, it hits that $17 ipo price, a really --

are hanging out in the 80's. scan three is showing us a bunch of nothing. we like that. no rain on the scene and just some fair weather cumulus cloud pass ago cross delaware valley as we head in the overnight period, partly cloudy, mild only falling back to 65 degrees and for our saturday we will boost temperatures up, even further, up to 87, we have a chance, due to a disturbance moving through of passing shower in the morning but not to worry as we head in the afternoon that sunshine will return, and we are warming up to 87 degrees, your shore forecast is looking, down right amazing, you might call it a home run, of a forecast, over the next several days. high temperature in the lower 80's for saturday, sunday and monday, beautiful beach conditions. be sure to put on that sun screen up but as we health things up we will see humidity factor increasing as well, tomorrow, not too bad, humidity, feeling a mugginess with dew points around 60 degrees but push dew points in the mid to upper 60's heading in to sunday an

>> middle eastern immigration to the united states really began in mass numbers in the 1880's. the majority of these migrants were ottoman nationals coming from the ottoman empire. between 1880's and the first world war in 1914, about half a million ottoman subjects came to the americas. about 200,000 of those people were in the united states, and about half that number were syrian arab immigrants. before the 1890's, american immigration officials did not really disaggregate between various classes of ottoman subjects coming to the u.s. everyone was ottoman, but in 1897, they changed the classification scheme to allow for an understanding of ottomans. as turkish, as armenians, as supported jews, and as syrian arabs. one of the sticky notes was that each of these categories was understood as racial category in u.s. immigration law, so that sort of created a new hierarchy whereby syrians were understood to be fundamentally different from the rest of the ottoman subjects coming to the united states, and this meant that there were certain -- there was a certain hierarchy, and that g

well into the 60's ■now after starting off in the 50's in some spots. then our heat wave really beginning tomorrow as we get into the mid 90's, humidity with that bermuda high as well. hazy, hot and humid couple of days expected. not much relief even as we get through the rest of the work week next week because even if we take the edge off that heat we're still going to have the humidity. where is the best place to be. the beach. always comfortable by the water. 65 degrees is that water temperature. that's actually very cool atlantic water. 83 at ocean city maryland on -- for today, saturday. 86 tomorrow. little bit warmer, little bit sunnier but again, much relief from the humidity when you're along the coast. seven-day forecast shows that heat wave 94 tomorrow p-96 monday, 96 tuesday as we're in record high temperature territory. chance of a thunderstorm wednesday, those showers and thunderstorms become more likely as temperatures fall back into the mid 80's by next thursday and friday. stay cool everyone. that's the way it looks. annie. >> that's righ

meanwhile here i the u-s - another type of protest overnight. take a look at this. boston's city hall lit up in green lights... and in new york city - the spire of one world trade center, also showing off a green hue. new york, washington state, and california are forming a colation called the us climate alliance to uphold the paris pledging to do the same. stay with abc-7 for continuing coverage of the fallout. plus: read more about trump's decision- and what it means for the environment- and international relations- at wjla.com. new charges coming today - for the doctor accused of checking into the trump hotel, armed to teeth. investigators say the man was packing a semi-automatic rifle, lots of ammunition- and a loaded pistol. this morning - new revelations about his motive.. john gonzalez is live outside the trump hotel.. a clash of academic competitors - bee crowning a champion find out if you can spell the winning word - still ahead. and a fabulous friday forecast. another day of sunny skies and warm weather. how long the rain will stay away - next. - fabulous

sunday, back into the lower 90's. the beach this weekend, a lot going on for the fourth of july holidays. with aees saturday, 84 chance of thunderstorms sunday. it will not be a washout. not quite picture-perfect. we will keep you updated through the week. the 10 day outlook him 83 tomorrow ,90 thursday, middle 90's friday. chance of thunderstorms saturday and sunday. the fourth of july, 88 degrees. fingers crossed for keeping the thunderstorms out of here for the big fireworks displays the na this video is heartwarming. a sea of young teenagers and a 93-year-old veteran and a cap and gown graduating. jonathan: he does i just saved a bunch of money on my car insurhuh. with geico. i should take a closer look at geico... geico can help with way more than car insurance. boats, homes, motorcycles... this guy's gonna wish he brought his umbrella. fire at will! how'd you know the guy's name is will? yeah? it's an expression, ya know? fire at will? you never heard of that? oh, there goes will! bye, will! that's not his name!

dew points in the mid 60's and lower zero seven's. it feels steam toy oppressive. also, we are dealing with thunderstorm activity far north and western of the city berks county, lehigh valley and poconos. watch out for that, heavy downpours, frequent lightening and possibility of some gusty wind. your fire works forecast in the city spruce street harbor park not looking too bad maybe a stray shower but most of us will be staying dry to enjoy all of the festivities and me and my photographer nate are heading over to spruce street harbor park after the show tonight. we will there been for 10 and 11. we will show you footage of the fun, fire works coming up later tonight, back to you. >>> all right, a few people were there at spruce street harbor park i have a few people will be there. you know in philadelphia there are a lot of neighborhood and there air lot of discussions, let's say over where neighborhoods started and end. certainly a lot of history behind how each neighborhood got its name and so we were wondering how did each neighborhood get its name. we went to

this is the percent weight of tech in the s&p 500. ne is the average over the past decade. you can see we are far above that. keep in mind if i had expanded this back to the tech bubble which i am going to do quickly , for you, you can see that we are still far below that. we've got some ways to go before hting looksg -- weig bubbly. but this is an increasingly important part of the market. it is dominating the s&p. there are days when tech sells off, and it hurts the s&p as a whole. but still we are seeing the market remain calm. a bit of a difference. tech is not doing anything to completely cause trading to go into a frenzy at this moment. emily: our markets reporter dani burger with the roundup, and -- ceo davidorter kirkpatrick. thank you for joining us as always. coming up, as the iphone celebrates its 10th birthday, we will hear from someone who is often referred to as the godfather of the ipod. and at 8:00 a.m. eastern, the boston pops fireworks spectacular live from boston's historic esplanade. this is bloomberg. ♪ emily: let'

you can look for high temperatures there in the low 80's. e ocean temperature right now at 63 degrees. so, here's a look at your forecast as we head into the overnight hours tonight. it's going to be a very summer like evening setting up but not really the most comfortable night to have windows opened because we're dropping down into the upper 60's as we head into the overnight hours. for tomorrow, look for a high of 93 degrees. it's going to be mostly sunny, it is going to be hot and it's going to be at the rule of the game as we head into sunday, monday and tuesday as i've been telling you t on tuesday, that's probably going to be our warmest day and it's probably going to feel the warmest with heat index values in the upper 90's. 87 on wednesday be, we cool down more to seasonable temperatures as we head into thursday. getting hot. >> ac's are going to be working overnight. appreciate it. lesley what's going on in sports. >> phillies trying to get something going down in saint louis. cesar hernandez not in the lineup. he suffered an obliqu

helping it outperform the s&p. what's powering that boost next. >> plus, did you see the tweet tesla ceo elon musk promising to ekd. an announce men this ween we'll get you up to speed on what that might be all about coming up. what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual i

a few areas briefly in the upper 60's. as soon as the sun gets up tomorrow morning, the temperatures will head up through the 90's. changes coming up. by tomorrow afternoon there could be pop-up showers or thunderstorms. that is not going to break the back of the heat. it's still hot and humid but it will temporarily make you feel better and it will add more moisture to the air when the sun comes back out at times. that is tomorrow. day three in the 90's. the cold front will make a push southeast. late in the night and during the day on wednesday when it comes through we will likely see showers develops in the afternoon and the west southwesterly winds bring in the heat and turn north/northeast. we get all kind of things happening. thunderstorms an cooler winds blowing in by wednesday everything. this is the way it looks for the extended 87 on wednesday. 70% chance of showers and storms. cooler on thursday and friday is 80 degrees. but notice the precipitation chances stay with us. over father's day weekend, a bit of a warm

to the lower 60's. overnight with the clear skies, light wind and dry air that will allow the temperatures to drop in the mid-50's in many suburban areas overnight and supper 50's inside the we'll be good. some of the mountainous area out west are in the 40's waking up for the second day of june. at the bus stop, a fine friday at the bus stop. 62 at sunshine at pickup time. 74 at recess. 79 at dismissal. sunny and warm. so another gorgeous day. looking ahead to the weekend. saturday looks terrific. it will be partly cloudy and warm. not terribly humid. 80 degrees. by the time we get to sunday and monday everything starts to change. what is a question mark is the late day showers and storms. will they move in at 4:00 or 5:00 or develop and move in more like :00 or -- 7:00 or 8:00? both are possible. it's warm and more humid. highs of 8 a. if you have outdoor plans for sunday and want to stay dry, do it in the morning or the early afternoon. maybe with good fortune it will wait until sunset before the show

upper -- temperatures heading up into the upper 70's in philadelphia. ke a look at your "eyewitness news" weather, seven-day forecast, 70 on tuesday, we're dropping down into the upper 60's on wednesday, looking at 74 by thursday. there's going to be a cool mid week for us, by the time we get to your friday, we're looking at upper 70's and back up to the 80's in time for it next weekend. >> thank you so much, chelsea. local nascar action >> jimmy johnson can he once again stay in the monster mile and will the phillies finally win the (barber) their outfield neya think?us work. -yo! -hey, guys. -what's up? -you're early! have a seat. vince cancelled. (male #1) wow, i just realized i haven't seen you two since his wife's funeral. how's vince holdin' up? eh, he's still in shock. did you know they didn't have life insurance? as if losing her so suddenly wasn't bad enough, now he's got thousands of dollars in bills. husband or wife, a funeral costs the same. reality check: we need more life insurance. ha, i'm hoping we can still get it at our age. with my blo

some of us are still in the 80's this evening. of these little white lines are all pointing out of the southwest. that is why we got so warm today and will stay warm and muggy tonight, and the trend continues. 80 quantico and d.c., 79 leesburg, shenandoah valley in the low 70's. some of us will not even get into the 60's tonight. in mind aorning, keep very mild, warm beginning to the 85 at 10.c. at 7 a.m., a.m., lunch time 90's, the high topping out around 95. tomorrow we do it again. again tuesday. finally wednesday a little break in the heat but that is also we will track the humidity in the next chance of thunderstorms and how long they stick around in just about 10 minutes. on they: keep an eye heat and stormwatch warnings by downloading the stormwatch app. vienna police are investigating a shooting they say has two scenes. our crew beat investigators to one of them on roster i. melissa is live with what we know at this hour. melissa, what have you found out? melissa: vienna police confirmed they are investigating a shooting a

it will turn out hot with highs in the 90's. ning we drop to the 60's, our coolest morning of the next 10 days, julie. we'll talk really see any appreciable rain coming our way. julie: around the capital beltway we're getting word from d.c. police the power has been restored in northeast washington where we had over 4,000 folks affected by the power outage. they're not showing outages at this time in northeast. however, some of the signals at the intersections may be on flash. you'll want to treat this as a fourway stop. let me move you back out west in virginia. fairfax police are reporting they're on the scene of the low hanging wires on pleasant valley south of braddock road. we're sending our crews to the scene there. pleasant valley remains shut down south of braddock until further notice. you'll find in virginia 234 northbound, the prince william parkway, a crash involving the left side of the highway. allentown road is still tied up between branch avenue and auth road with one lane getting by in each direction and due to t

i literally started on these issues in the late 1980's. rved at the federal communications commission in the early 1990's, and i have written many academic articles since. i started seriously writing this book about four years ago. brian: where is your home and what do you do other than write this book? tom: i grew up in los angeles, and i went to ucla. i taught at the university of california, davis. i moved to the east coast and ended up at george mason university and northern virginia, and then three years ago, i moved down to south carolina. i teach at clemson university. go tigers. we are now in a different part of the world. certainly different from the washington, d.c. area, where we spent the last 15 years. certainly different than california. it is an academic institution. very good economics department, so i teach economics to undergraduate and graduate students alike. inan: what kind of things our daily lives uses the spectrum? does the iphone or any phone use the spectrum? tom: absolutely. it is routine now, a social amenity for

the 80 mark. mid-to-upper 70's in quantico. our live doppler is looking pretty quiet but things are expected to fire up after 2:00 p.m. there are lightning bolts to the south of richmond and we expect these thunderstorms to fire off to our west and drift toward the d.c. metro. you want to keep an eye to the sky. you can track the showers and storms on our abc 7 app and the 2:00 p.m.t is after and our highs will hit the mid-80's. the extended forecast is coming up. >> thank you so much. a consumer alert, amazon got a whole lot bigger. the company plans to buy whole foods for $13.7 billion. we go live to northwest. what does this mean for the customer? good afternoon, the customer get a brand-new experience at whole foods if this sale goes through. it's about $13.7 billion which is $42 per share, up 27% from its closing price just yesterday. this is a game changer for the grocery business. whole foods has been lacking with her online grocery sales. it appears amazon will move into chains that. forstors had been pushing the last co

it didn't work in the 70's or the 80's. n the academic literature confidence in the ability of the phillips curve to be eight useful predictor of inflation is still heavily accepted in the fed, even though they talk about it being flat. it's the only thing they've got going. both academic and policy makers need to quit relying so much on the phillips curve for conducting policy or predicting inflation. it just is not a very good model for inflation. david: let me ask the $64,000 question. , as you look at these potential candidates on balance, would you expect them to be more aggressive at raising rates? if you look at the fed, people think when they had discretion, they aired on the side of not raising rates. if you put in a rule, you will likely get them up and -- up. it depends on how they want to do it. having said that, as you might i have never thought hawk versus dove is the right way to think about it. aboutbate within the fed hawks and doves is really about the model of the economy they use. i think they're going to

dennis mcandrews worked in the delaware county d.a.'s office for nearly two decades. >> if you were the one who prosecuted this case, would you be confident right now at this hour? >> i don't think either side should be confident at this hour. you know, after 40 hours and after asking for all the evidence they've asked for, the legal definitions again, anybody who is walking around confident is mistaken. >> reporter: bill cosby's team appeared confident yesterday when the jury told the judge it was deadlocked. more than 24 hours later, and more deliberation, the judge rebuffed repeated defense requests to declare a mistrial. >> if you're going to ask a judge to intrude upon the jury's province of deciding guilt or innocence and stop them when they haven't asked to be stopped you better have some very solid legal authority for it and frankly i doubt it exists. >> reporter: mcandrews says until jurors say they are hopelessly deadlocked deliberations will likely continue. >> the law in pennsylvania is that you should virtually always give t