Have to wake up early this morning. And Contentious Exchange between White House Press secretary sean spicer, and reporter, has social media buzzing over what spicer did. Prompting the hashtag black woman at work. Good day everyone, it is march 29, 2017. Good morning to you, it is wednesday. It is, halfway there, good morning, great to have you with us, a little cooler this morning. At least it is dry, not specking the weather drama that we had yesterday with all of those loud thunderstorms, today giving awe seven out of ten, and improvement from yesterday we do expect it to be winnie today. You will need your jacket but also your shades. We havent needed sin glasses in quite awhile. All the rain yesterday moved to the northeast, off the new england coast, hanley nothing to show you for a change on ultimate doppler radar. See winds picking up outside our window old city. 48 degrees the current temperature with 17mile an hour winds, so that makes it feel little chillier, thus the jacket
Clintons top bbq dinner, tim kaine. Tohole lot of signs point indiana governor mike pence as Donald Trumps choice. Tomorrow at a press conference trouble announces decision. Is news is reporting pence the choice for trump. Some are saying it is all but certain that that is who trump will choose. Trump telling bloomberg that no final decision at this hour has been made. However, a local indiana reporter, very respected journalist, tweeted late this afternoon, confirmed. Pence heading to airport in new jersey. Video on the air this hour. He picks the hoosier governor. Is pence a good choice . Al its a safe choice. Not going to do any harm and that is important. Newt gingrich or Chris Christie would have been a more exciting. Nd explosive choice mike pence this study come he is reliable, not going to embarrass the candidate. Helps a little bit with the social right, who is suspicious of trump. Mark helps with the social right and members of congress, where he served, big donors including
Is, we have more investors weighing in on whether it is justified. Larry fink of blackrock says he thinks the rally is getting head of itself. On the flipside, Laszlo Birinyi saying he is not yet seeing sentiment indicators that would show that the rally has extended itself. Dow and the s p have mitigated their rally today, come down a little bit. Still trading at record levels. We are now on a fivebased record the s p 500. Fivedate streak for the s p 500. It was enough of a move that we saw again by the end of the day. Even though if you look at the trajectory, we coming off of our highs considerably. I have been watching volume, which is lower today than it has been recently. This looks and volume by sector. Overall for the s p 500, down 7. 5 from the 20day average good in particular, drop environment telecom stocks, consumer staples, tech, as well as materials. Also, when youre speaking of groups, it is the financials that are doing the best today. Heavily weighted within the s p 50
How many does it make in a row, oliver . Five records in a row . Oliver we hit the record this week so this is going on the entire week matt fourth record. Oliver we will close five days in a row with a record. But yeah, theres a lot of stuff going on, particularly i like to look at a few things happening in the u. S. Stock market. Jpmorgan kicked things off with not the best earnings but they Beat Estimates and that is what matters. Financials of almost 2 . Almost a presented thanks as well specifically doing even better. Thething interesting in Financial Services metlife had a really big move, led to the market up higher and had bullish activity, five times more on volume. Doingto brazil, bogus but really well, just bovespa doing really well, just killing it there. Joe remarkable. Something to look at in the Government Bond market, u. K. s to year, see them shooting up at 7 00 a. M. Story of the day in the global macro world was the boes decision not to cut rates. Almost all economis
The markets. Jp morgan did not use brexit ate my homework as an excuse to imply lower numbers. Jp a lot of people were nervous, they did not take that bite. A great relief. Financials up right across the board. Earnings trends, only a few of them have been beat. And i want to show you whats going on here. Since these companies started reporting, this has been their stock prices. Alcoa, delta, jp morgan, every single one of them. Lets take a look at the banks. It is very traditional for banks to go up a little bit. Thats jp morgan and sell off after it. And banks are leading, up about 5 . So far just this week. The head of the Worlds Largest asset manager getting a little worried. Heres larry fink on squawk box. Here we are. Were seeing investors worldwide pausing. We have seen quite a large sum of money being pulled out of equities over the last year. And yet were at record highs. This rally in my mind is not i dont think we have enough levels to justify at this moment. Reaction now. G