A new story from WTOP 24 Hour News


Overnight lows, tomorrow, mostly sunny, highs in the mid 70s. I'm 7 news meteorologist Eileen whalen, in the first alert weather center. 55 right now in manassas 59° at metro center and 55 in Frederick Maryland. Money news at ten and 40 past the hour brought to you by pen fed, great rates for everyone. Good morning, Jeff playbox. Morning John dolman, the economy was doing a little better than the government's first estimate last quarter, GDP revised higher to an annual pace of 1.3%, corporate profits fell last quarter, but consumer spending was up almost 4%. Some retailers are weathering the slowdown in consumer spending, some are not. American Eagle Outfitters stock has lost 20% of its value in early trading after saying sales are falling Dollar Tree stock is down 11% this morning after reporting shrinking profit margins, there hasn't been a new treatment for motion sickness approved in 40 years. BC based van der pharmaceuticals aims to change that. Phase three trials for its new motion sickness drug showed it effective, it included hundreds of people with motion sickness, tested on boat trips, Americans buy an estimated 24 million doses of dramamine a year. Early on in the trading session, the Dow is down a 108 points. The S&P 500 is up 20, the NASDAQ's up a 171. Jeff Cleveland, WTO news. Okay, Jeff, 9 42, President Biden is set to announce today he's picking air force general CQ Brown to serve as the next chairman of the joint chiefs of staff. Your CBS News military consultant Jeff mccausland. You'll be the first African American to serve as chairman of the joint chiefs of staffs and to Lake Colin Powell. This will be the first time in our nation's history that an African American holds the positions of both chairman of joint chiefs of staff as well as the Secretary of Defense simultaneously. Brown's a history making fighter pilot with a deep knowledge of China. He would replace army general Mark milley, whose four year term as joint chiefs chair ends this fall, the president is expected to make the announcement during an event in The White House rose garden this afternoon. There's a connection between getting sick and going to the gym. How much you exercise may

Coming up next