Weather Alert

Snowstorm Well Underway - Periods of Heavy Snow and Difficult Travel into Tonight

Snowfall rates of 1" to at times 2" per hour are likely this afternoon and this evening across most of the area as low pressure passes to the region's south.  This will cause rapid accumulations and low visibility producing hazardous travel conditions.  The storm will begin winding down after 10-11pm with accumulating snow ending from west to east between 1am and 4am Thursday. Click Here for the CBS6 Weather Forecast Page

WEATHER ALERT


Weather Alert Radar


September 30, 2013 -- 8:30 a.m. ET - 09/30/13

U.S. stock futures are indicating a lower open. The Dow and S&P 500 Index are at least 0.9% below fair value. The NASDAQ is down 0.8% in early trading. The major averages are extending last weeks retreat as the deadline to avert a partial government shutdown approaches. Congress has until midnight tonight to approve a budget, however lawmakers remain at odds as the House wants to delay President Obamas health care reform for a year. The Senate reconvenes at 2 p.m. ET after a weekend with no signs of cross-party negotiations. With the spotlight on Washington, economic data is on the back burner. The Chicago Purchasing Managers Index is due out at 9:45 a.m. ET and is expected to improve for the third straight month in September. In addition, the Dallas Fed manufacturing outlook survey is scheduled for release at 10:45 a.m. and is anticipated to hold steady this month. Overseas data is also being overlooked. Euro zone inflation slowed for a second month in September and in Asia, a Chinese manufacturing index unexpectedly weakened from a preliminary estimate. Ahead of the opening bell, financials are under pressure. JPMorgan is down 1.7%, Morgan Stanley is losing 1.6% and Citigroup is falling 1.3%. In fixed-income, Treasuries are gaining ground. The 10-year note is up 6/32 to yield 2.60% and the 30-year bond is gaining 12/32 to yield 3.67%.

 

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