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Stock futures rise slightly as Reddit mania unravels, Amazon and Alphabet report strong earnings

U.S. stock futures rose slightly in overnight trading on Tuesday, after a strong market rally as the Reddit trading mania continued to unwind.

Dow futures rose 60 points. S&P 500 futures gained 0.4% and Nasdaq 100 futures rose 0.4%.

Strong earnings from Amazon and Alphabet helped futures. Amazon reported earnings nearly double Wall Street estimates; however, the stock move was tempered by news that Jeff Bezos would step down as CEO.

Shares of Alphabet gained 6% in after hours trading after the technology giant reported 23% revenue growth and topped estimates for earnings.

Stocks rallied for the second day on Tuesday, with the Dow Jones Industrial Average gaining more than 475 points for its best day since November. Investors returned to buying equities after the Reddit-fueled action that shook markets last week. The Dow is up 2.35% this week.

The S&P 500 climbed 1.4% and the Nasdaq Composite jumped more than 1.5%.

After a meteoric, albeit seemingly synthetic rise in GameStop last week caused by a short squeeze, shares have cratered more than 70% this week. Other Reddit trades have also come back down to Earth amid trading restrictions from major brokers.

“The best way to describe today’s stock market action is ‘reversing the Reddit revolution,” Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC. “What went up with GameStop, came down with GameStop.”

“From mid-day Jan. 28 to the end of Jan. 29, cyclicals including technology got pounded while defensive sectors outpaced. Over the last two days, and particularly today, this was reversed,” added Paulsen.

Investors are also monitoring negotiations in Washington surrounding another stimulus package. President Joe Biden met with the 10 Republican senators on Monday to discuss an alternative, smaller aid proposal to his $1.9 trillion package.

Earnings season continues on Wednesday with AbbVie, Biogen, Boston Scientific, GlaxoSmithKline and Humana reporting before the opening bell.

Chipmaker Qualcomm, eBay, PayPal and Yum China report earnings after the market closes on Wednesday.

Private payroll data from January is released at 8:15 a.m. on Wednesday from ADP. Economists polled by Dow Jones are expecting private sector jobs grew by 50,000 in January, compared to the loss of 123,000 in December.

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NYC Weather: Nor’easter bears down with heavy snow, strong winds across NYC, NJ and the Tri-State area

NEW YORK (WABC) — A major nor’easter that threatens to dump as much as 2 feet of snow on parts of the Tri-State area over the next two days has moved into the region.

A one-two punch of strong winds and heavy snow has the potential to produce blizzard-like conditions in the Tri-State area on Monday as the biggest winter storm in years wallops the region.

The brunt will come on Monday with 1 to 2 inches an hour of snow or even higher along with 40-50 mph wind gusts. Some areas could even experience thunder snow at the storm’s peak.

Snow tapers off Tuesday but blowing and drifting will continue as winds stay gusty.

The event could well last 48 hours, making it a rare snowstorm the likes of which we see every five to 10 years, ABC7 meteorologist Jeff Smith said.

RELATED: School closings for New York, New Jersey and Connecticut

ALERT: Winter Storm Warnings issued by the National Weather Service

Sunday evening, New York City looked like a snow globe from roof cameras as visibilities quickly decreased.

With states of emergencies declared for New Jersey and New York City, a coating of snow was in place in the five boroughs by early evening, and parts of New Jersey already had several inches, with the storm only a few hours into its assault on the region.

When all is said and done, the metropolitan area could see dramatic extremes in accumulations, with 18 to 24 inches possible in northwestern New Jersey – as close to the city as northwestern Bergen County – and southern parts of the Catskills.

That pocket of intense snow accumulation could inch closer toward the city depending on the extent to which the storm remains all snow closer to the coast. Coastal areas could see a mix of precipitation if temperatures manage to rise above freezing later in the day on Monday, as the slow-moving storm drags in milder air off the Atlantic Ocean.

Right now, northeastern and central New Jersey, New York City, western Nassau County, the Hudson Valley and nearby Connecticut are all in the bullseye for a solid foot to 18 inches of snow.

Eastern Nassau and western Suffolk counties are in the 6″-12” range, and the twin forks of Long Island, along with South Jersey, could see just 3”-6”, with mixing and warmer air.

The strongest of the winds will be along the coast and across Long Island. It is coastal areas and the city itself that could potentially see blizzard-like conditions for a time, but the National Weather Service has not issued such a warning. For now, the entire region remains under a Winter Storm Warning.

The storm slowly departs on Tuesday, but it’ll still be blustery and chilly. Additional significant accumulation is not likely during the day Tuesday, but don’t be surprised to see a few more inches before the storm finally departs.

The snow itself will likely remain fluffy throughout the event, because it’s so cold, but could become wetter and heavier in coastal airs that see mixing.

Coastal areas will also have to contend with the risk of flooding from the powerhouse storm, with flood warnings in effect on Long Island until 3 a.m. Tuesday. These areas face a risk of moderate coastal flooding, but some areas could see major flooding.

High tide Monday night could bring 2 1/2 to 3 1/2 feet of inundation in vulnerable areas, areas like Freeport and Lindenhurst on Long Island and the South Shore back bays. The storm’s slow-moving nature will encompass several high-tide cycles, adding to the concerns.

RELATED: Live winter storm updates from around the Tri-State

Stay with the AccuWeather team for continuing updates.

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ALSO READ | Snowy Owl in Central Park gives visitors once in a lifetime sight

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School closings and delays

RELATED: “Rising Risk” docuseries explores how those rising sea levels will play out in the lower Manhattan of the late 21st century. Watch now on our CTV apps for Fire, Roku, Apple TV and Android TV

For weather updates wherever you go, please download the AccuWeather app.

Copyright © 2021 WABC-TV. All Rights Reserved.



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2021 WWE Royal Rumble results, recap, grades: Edge, Bianca Belair emerge as winners on strong show

While there are other meaningful matches on every WWE Royal Rumble pay-per-view card, the Royal Rumble matches themselves are the true highlight of the annual event. In 2021, both the men’s and women’s side featured impressive performances that saw the winners last nearly a full hour before securing their shot at a world title at WrestleMania.

On the women’s side, Bianca Belair battled from the No. 3 spot, outlasting 29 other women before last eliminating Rhea Ripley. While Belair represents the new blood on the WWE roster, the men’s side was won by a legend when Edge last eliminated Randy Orton to secure his title shot. Edge’s win was the second time he had won a Royal Rumble match, this effort coming 11 years to the day after his previous victory.

Those two matches will be the lasting memories from the 2021 WWE Royal Rumble pay-per-view, but the card was filled with entertaining and satisfying action from top to bottom.

CBS Sports was with you the whole way through the event, providing results and grades as the action went down. Read on for everything you need to know coming out of the Royal Rumble and scroll further for highlights from the show.

2021 WWE Royal Rumble results, grades

Women’s Tag Team Championship — Charlotte Flair & Asuka (c) vs. Nia Jax & Shayna Baszler (Kickoff Show): Flair and Asuka got things off to a good start, with Flair handling Baszler before Asuka took the fight to Jax. Baszler and Jax eventually took over by isolating Asuka and wearing her down while an anxious Flair paced on the ring apron. Flair eventually got the hot tag and ran through Baszler before hitting a double Natural Selection and scoring a near fall. Ric Flair’s music hit, leading to a distraction that almost allowed Baszler to score a roll-up on Charlotte. Lacey Evans then interrupted from ringside, including pulling Charlotte’s arms out while she was in the Figure Eight. Ric handed Evans something to load her fist and hit the Women’s Right when Charlotte locked in the hold again, setting up Jax to pin Charlotte after a leg drop for the win to capture the titles. The match was fine, but the ending was entirely predictable and the tag titles continue to be more prop than valuable asset.  Jax & Baszler def. Flair & Asuka (c) via pinfall to win the titles — Grade: B-

WWE Championship — Drew McIntyre (c) vs. Goldberg: McIntyre hit Goldberg with the Glasgow Kiss dropped him with a spear before the match started, taking the action outside where Goldberg threw him into the ring steps before spearing him through the barricade. McIntyre eventually made his way back into the ring for the bell to ring, starting the match. McIntyre hit a Claymore seconds later, but Goldberg kicked out. Goldberg followed with two more spears for his own near fall. McIntyre again kicked out after a Jackhammer. McIntyre hit another Claymore, scoring the pin and retaining the title. After the match, Goldberg nodded, told McIntyre “You passed the test,” and the two shared a handshake and hug. The match was short, as expected, and followed the “Goldberg Formula,” for better or worse. For a match nobody really wanted to see, it was as inoffensive as possible, if unspectacular. McIntyre (c) def. Goldberg via pinfall to retain the title — Grade: C+

SmackDown Women’s Championship — Sasha Banks (c) vs. Carmella: Banks was one step ahead early, but interference from Reginald allowed Carmella to take over the action outside put Banks on the defensive. Carmella continued to blast away at Banks with elbows and forearms and Banks began grabbing at her knee after hitting a meteora, allowing Carmella to continue running the match. Carmella threw Banks from the ring, where she was caught by Reginald. After Banks hit a huricanrana on Reginald, he was ejected from ringside, but Carmella hit Banks — and the floor — face-first on a suicide dive. Banks started rolling but Carmella countered a frog splash by getting her knees up and then locked in the Code of Silence to nearly force a submission. Moments later, it was Banks who got the submission with the Banks Statement, retaining her title. Carmella is a limited worker in some ways, but when she is working heel against a very good wrestler like Banks, she can more than hold her own playing into nastier offensive tendencies. Not everything here was smooth, but Banks is so good and Carmella good enough that there was plenty to like. Banks (c) def. Carmella via submission to retain the title — Grade: B 

Women’s Royal Rumble: Bayley and Naomi started as No. 1 and 2, respectively. There were no eliminations before Bayley had to deal with her rival in No. 3 entrant Bianca Belair. After coming out at No. 4, Billie Kay settled in at the announce table rather than enter the ring before the first NXT entrant of the night, Shotzi Blackheart. Contestants continued to pile up as no eliminations were scored until Shayna Baszler dumped Blackheart for the first elimination of the match. Former superstar Jillian Hall was the first true surprise entrant of the night, forming an alliance with Kay to form “Billie and Jilly.” Victoria also made her return, entering the match at No. 10. Participants continued to pile up in the ring with eliminations hard to come by before Hall was finally the second woman out, followed by Kay and the match settled into a more familiar rhythm after Rhea Ripley entered the match and she and Baszler began to clear out the ring.

Ric Flair’s music hit — with Charlotte already in the ring — though Ric was only there to escort Lacey Evans to the ring, wearing the same robe as Charlotte wore earlier in the night. Charlotte and Evans battled immediately before an angry Flair turned her attention back to the rest of the participants. Mickie James also made her return, coming in at No. 19. Another return came at No. 21 with Alicia Fox, but R-Truth’s music hit right after and he announced he was at the wrong Royal Rumble before being pursued by 24/7 title seekers, only to be pinned by Fox to win her the 24/7 belt. 

Ripley continued to impress, scoring several eliminations. Belair also continued hanging around despite her No. 2 entry into the match. In the near-elimination spot, Naomi was thrown from the ring but landed on her back with her feet in the air, she then used Belair to climb her way back into the ring. Alexa Bliss entered at No. 27 and as she was preparing to transform as in recent weeks, Ripley eliminated her from behind. Nia Jax entered and she and Baszler went on a run of eliminations to thin the field late before brawling with each other and Jax eventually eliminated Baszler and was the eliminated by Lana before Natalya entered in the No. 30 spot to complete the field.

The final four in the match came down to Natalya, Belair, Flair and Ripley. Belair eliminated Natalya first and then Ripley and Belair teamed up to knock Flair from the match, leaving Ripley and Belair as the final two women in the match. The two battled back and forth in an extended segment with several near eliminations before Belair managed to knock Ripley from the ring with a clothesline to win the match. This was a bit of a rocky match at parts, many of the bigger issues being matters of production than in-ring, though some stretches dragged a bit. Belair is a great choice to win and coming down to Belair and Ripley showed how bright the future of the women’s division is for WWE going forward. Belair also set a record for longest entry in a women’s Rumble match. Bianca Belair won the women’s Royal Rumble in 56:49 — Grade: B

1

Bayley

Blackheart (Baszler)

2

Naomi

Hall (Kay)

3

Bianca Belair

Kay (Morgan)

4

Billie Kay

Storm (Ripley)

5

Shotzi Blackheart

Victoria (Baszler 2)

6

Shayna Baszler

Garrett (Ripley 2)

7

Toni Storm

Riott (Bayley)

8

Jillian Hall

Morgan (Royce)

9

Ruby Riott

Brooke (Ripley 3)

10

Victoria

Royce (Flair)

11

Peyton Royce

Wilson (Baszler 3)

12

Santana Garrett

Bayley (Belair)

13

Liv Morgan

Fox (Rose)

14

Rhea Ripley

James (Evans)

15

Charlotte Flair

Kai (Ripley 4)

16

Dana Brooke

Rose (Ripley 5)

17

Torrie Wilson

Cross (Carmella)

18

Lacey Evans

Carmella (Ripley 6)

19

Mickie James

Bliss (Ripley 7)

20

Nikki Cross

Evans (Baszler 4)

21

Alicia Fox

Moon (Jax)

22

Mandy Rose

Naomi (Jax 2)

23

Dakota Kai

Tamina (Jax 3)

24

Carmella

Baszler (Jax 4)

25

Tamina

Jax (Lana)

26

Lana

Lana (Natalya)

27

Alexa Bliss

Natalya (Belair 2)

28

Ember Moon

Flair (Belair 3)

29

Nia Jax

Ripley (Belair 4)

30

Natalya

Winner: Belair (56:49)

Men’s Royal Rumble: No. 1 entrant Edge attacked No. 2 entrant Randy Orton before Orton even made it to the ring. They continued to brawl around ringside until Sami Zayn entered at No. 3 and took out the leg of Edge, helping Orton work him over. Mustafa Ali joined in on the attack at No. 4, with Edge facing increasingly long odds until Jeff Hardy entered to help even things up.The first elimination came when Dolph Ziggler entered the match and immediately eliminated Jeff Hardy. Carlito was the first surprise entrant, coming into the match at No. 8. Orton was shown being helped to the back by officials, limping after the attack of Edge. Damien Priest was the first NXT star to make his way into the match, coming in at No. 14 and making his first appearance in a Royal Rumble. The Miz destroyed Bad Bunny’s DJ booth on his way to the ring, leading Bunny to walk to the ring, distracting Miz and John Morrison and allowing Priest to eliminate both. Bunny then hit a crossbody from the top rope to the outside on Miz and Morrison. Daniel Bryan, one of the favorites coming into the match, made his entrance at No. 17. Kane returned at No. 18, chokeslamming many of the current entrants and eliminating Dolph Ziggler and Ricochet before being tossed by Priest.

Bobby Lashley made a big entrance, running through Dominik Mysterio and Priest, eliminating both before a big showdown with Big E that saw both men brawl and exchange counters before the surprise entrance of The Hurricane, who was quickly tossed by Lashley and Big E. With Edge still in the match, Christian entered the match at No. 24. Christian helped Riddle, Bryan and Big E eliminate Lashley. Big E was eliminated from the match when Omos reached into the ring and pulled him to the floor. Omos also eliminated Rey Mysterio, giving some big help to AJ Styles.

Seth Rollins made his return at No. 29, his first match since Survivor Series, after which he took time off to be with Becky Lynch for the birth of their child. Braun Strowman was the final entrant into the match. Strowman went on a run of eliminations, bringing the final six to Rollins, Riddle, Edge, Christian, Bryan and Strowman — although Orton had not actually been eliminated when he was taken to the back. Rollins eliminated Bryan after hiding out on the outside of the ring and then eliminated Riddle to bring the match down to Strowman, Rollins, Edge and Christian. Edge and Christian worked together to eliminate Strowman and Edge eliminated Rollins, seemingly winning the match, but Orton ran back into the match and hit an RKO. Orton’s attempt to eliminate Edge backfired, however, as Edge reversed and tossed Orton to the floor, winning the Rumble from the No. 1 spot, lasting more than 58 minutes to win his second Royal Rumble. This dragged far less than the women’s Royal Rumble earlier and didn’t feel like it relied on as many gimmicky surprise entrants, though there were some. Edge was an interesting choice and told a great story as he’s taking one more ride to WrestleMania and a shot at a world championship. Edge wins the Men’s Royal Rumble match. Edge won the men’s Royal Rumble — Grade: A-

1

Edge

Hardy (Ziggler)

2

Randy Orton

Zayn (Big E)

3

Sami Zayn

Woods (Ali)

4

Mustafa Ali

Ali (Big E 2)

5

Jeff Hardy

Carlito (Elias)

6

Dolph Ziggler

Elias (Priest)

7

Shinsuke Nakamura

Miz (Priest 2)

8

Carlito

Morrison (Priest 3)

9

Xavier Woods

Ziggler (Kane)

10

Big E

Ricochet (Kane 2)

11

John Morrison

Kane (Priest 4)

12

Ricochet

Nakamura (Corbin)

13

Elias

Otis (Corbin 2)

14

Damian Priest

Corbin (D. Mysterio)

15

The Miz

D. Mysterio (Lashley)

16

Riddle

Priest (Lashley 2)

17

Daniel Bryan

Helms (Lashley 3)

18

Kane

Lashley (Bryan)

19

King Corbin

Big E (n/a)

20

Otis

R. Mysterio (n/a)

21

Dominik Mysterio

Cesaro (Strowman)

22

Bobby Lashley

Sheamus (Strowman 2)

23

Hurricane Helms

Styles (Strowman 3)

24

Christian

Bryan (Rollins)

25

AJ Styles

Riddle (Rollins 2)

26

Rey Mysterio

Strowman (Edge)

27

Sheamus

Christian (Rollins)

28

Cesaro

Rollins (Edge 2)

29

Seth Rollins

Orton (Edge 3)

30

Braun Strowman

Winner: Edge ()

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COVID Doctor Charged with Killing the Weak to Save the Strong

ROME—Dr. Carlo Mosca’s online patient reviews describe a loving “humanitarian” who saved countless lives before the coronavirus pandemic struck Italy. Patients and their families lavished praise on the loving father, whose hospital in Brescia in northern Italy was one of the hardest hit during the first wave of the pandemic last March.

Something clearly changed in Mosca as the pandemic raged on. The 47-year-old was arrested on double homicide charges this week, accused of killing weak COVID patients and doctoring their medical records in order to free up beds for other patients. Mosca describes the allegations as “baseless” claiming that the overwhelmed health care system is the reason the patients died.

During the first months of the pandemic, Italian doctors were faced with horrifying decisions in deciding who to give respirators and other supplies to, often deciding who lives or dies based on their chance of survival, essentially letting the weak die due to lack of treatment. But what Mosca is accused of is taking it one step further and killing the patients himself.

Two patients who died under Mosca’s care, Natale Bassi, 61, and Angelo Paletti, 80, were exhumed last month as the prosecution built the case against the primary care physician using text messages among nurses who watched the once-loving physician transform from Dr. Jekyll into a sinister Mr. Hyde—although one very likely overwhelmed by the sheer magnitude of the human tragedy around him.

The investigating magistrate in the case has suggested that Mosca was the “victim in the throes of extreme stress originating from having to face the growing influx of COVID cases,” according to the court documents. “The replication of the extreme conditions that led to his crimes made it probable that he resolved to administer prohibited drugs to the most serious patients in order to speed up their death, thereby falsifying the data contained in the relative medical records.” By simply withholding treatment, the patients could linger for weeks or months. By injecting them, the prosecutor wrote, he could more quickly free up the much-needed beds.

Authorities are now combing through records of all of Mosca’s dead patients to search for anomalies in their treatment and deaths. They do not rule out exhuming further bodies, although the majority of the people who died during the height of the first wave of the pandemic were cremated.

As Mosca’s hospital became overwhelmed and more than 600 COVID patients were suddenly under his care, nurses say he started directing them to inject lethal doses of Succinylcholine and Propofol, which are often used when intubating patients, on COVID sufferers who were never meant to be intubated. Using the drugs on non-intubated patients causes them to suffocate, according to the court documents. During the months of March and April, before a nurse confronted Mosca threatening to report him, orders for both drugs grew by 70 percent, according to court documents seen by The Daily Beast.

As things grew more frantic, the nurses started exchanging worrying messages that now form the prosecution’s case and at least one confronted him about his state of mind. “Did he ask you to administer the drugs without intubating them?” one nurse wrote. “I’m not killing patients just because he wants to free up the beds. This is crazy,” wrote another.

When nurses started refusing Mosca’s orders, he allegedly started injecting the patients personally, asking the nurses to leave him alone with the patients. Prosecutors say he also wrote false terminal diagnoses on the patients’ charts, giving them a more believable cause of death.

Mosca, who has been put on leave from his hospital, is on house arrest until his trial begins this spring.

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