Spokesman: Silver Not Stepping Down, Duties Delegated

Spokesman: Silver Not Stepping Down, Duties Delegated

Weather Alert

Nor'easter to Bring a Heavy to Major Snowfall Tonight into Tuesday Night

A major Nor'easter is expected to develop south of New England tonight, potentially getting stuck near Cape Cod into Tuesday before moving away Tuesday night.  This storm will bring heavy snow and gusty wind at times causing blowing and drifting snow, potential whiteout conditions at times leading to dangerous travel late tonight through Tuesday.  Snow accumulations of 10" to 20" will be possible, especially in the Hudson valley and across western New England with amounts up to 10" in the Mohawk valley and western Catskills.   

WEATHER ALERT


Weather Alert Radar


September 27, 2013 -- 8:30 a.m. ET - 09/27/13

U.S. stock futures are suggesting a flat open. The Dow, S&P 500 Index and NASDAQ are all at least 0.4% below fair value. The major averages are down ahead of the opening bell as the political gridlock in Washington continues. Speaker Boehner said the House will not accept a spending bill that is likely to emerge from the Senate today. Meanwhile, President Obama stands firm that he will not negotiate the debt ceiling or sign any bill that defunds the health care law. On the economic front, updates on the consumer are in focus. Consumer spending rose for the fourth consecutive month, rising 0.3% in August, and incomes increased 0.4%, which was the most in six months. In addition, the final September reading on the University of Michigans consumer confidence survey is due out at 9:55 a.m. ET and is expected to improve to 78 after falling to 76.8. Across the pond, euro zone economic confidence rose for the fifth straight month, rising to a two-year high. Earnings results are also garnering attention. Nike is up 6% in pre-market trading after posting a stronger-than-expected quarterly profit. On the downside, BlackBerry reported a large second-quarter loss as sales dropped in the Americas. In fixed-income, Treasuries are gaining ground amid demand for the relative safety of government paper. The 10-year note is up 5/32 to yield 2.63% and the 30-year bond is higher by 7/32 to yield 3.68%.
 

 

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