Down. But with this market, Collision Avoidance is king. And when we collide, we bounce back with alacrity, including today with the dow beginning 60 points, s p advancing, nasdaq climbing 0. 88 . A lot of action there. Let me give you some concrete examples of what could have happened but didnt. Lets comb the accidents that never occurred. First we need to parse some of the biggest fears being peddled by pessimistic prognosticators, perhaps designed to sow panic although the panic failed to materialize. For example, how often did we hear in late december that if the dow didnt crack through 20,000, we were doomed for a huge selloff. Sell, sell, sell. I cant believe how loud that inane chatter was. We cracked through the 20,000 ceiling or we get thrown back into some sort of on liblivion. This or this. Here we are. We didnt take it out. We got thrown back from dow 20,000, and the result, dow gets right off the canvas, makes another challenge. The prognostication here, just plain wrong.
Honor Martin Luther king in a voluntary day of service. Its great for people to do that, lets see what the weather is going to be like. Reporter its a mild day, but were in the low teens, 18 in quakertown and 0 ts pottstown. 19 in coatsville, center city, 28. 22 in browns mills. 21 glassboro. 29 in dover, delaware. Weve got a cold start, satellite and radar showing we have clouds and showers that are down to the south right now. As you expect, the day is going to warm up just a little bit. 45 degrees, increasing clouds, youll see sunshine early with the clouds increasing through the day, by tonight its mostly cloudy skies and showers, before the daytime high of 45 degrees, comfortable with light winds turning to the southwest at about 4 to 8 miles per hour, so you should be good to go for your day of service whatever your plans are today. Weve got a warmup coming up in the seven day, ill talk about that in just a few minutes. Reporter you should be good to go for your drive. It should
Youve been bullish. I am bullish. You think we could get a correction next week. I think there are two catalysts. One, the president s speech before congress. Thats the 28th, folks. Tuesday. That will be in the evening. Tuesday, in the evening. In other words, really the trading begins of course the first of march for that. I know theres afterhours trading of the s p in particular at that time. But, what you had today was the president at cpac of course, judge. He threw the red meat out there. The audience loved it. He side i care about you guys. Not about the globe. I represent you, not the globe. Thats why hes been able to drag so many folks into the republican party. Because the workers have listened to that rhetoric. He also talked about repealing obamacare. Those two things, how far, are not going to be as big as his speech tuesday because thats going to be all about do we hear a lot about taxes like we did from mnuchin. If he thinks that cpac that hes speaking to because congress
And weve got someone who says its time to fade the growth driven fang stocks that are in the nasdaq composite. Hell explain why in a little bit here. Home builders are under pressure today after President Trump slapped as much as a 20 tariff on canadian lumber. More on that plus the president meeting with farmers at this hour to sign an executive order in just a few moments, of course, well bring that to you live as soon as it is released. And transportation problems, shares of ryder system hit hard today, down 12 , the ceo of the Company Joining us to explain why this business is under pressure. They were almost 100 stock two years ago. Now they trade at 69. The Trump Administration is considered friendly for truckers, deregulation, infrastructure. Just the economys hot. Talking about all of this. After the bell, big earnings for at at t, numbers and analysis for you after the bell. Beginning with the market, nasdaq hits 6,000 for the first time ever, dow revisits 21,000, and bertha i
Afternoon. The fbi secretly arrested an nsa kr contractor for stealing contract materials. He worked just like Edward Snowden. Another black eye for the firm and shares are moving slightly lower. We have details on what was allegedly stolen and the potential fallout here coming up. Meantime, salesforce. Com is reportedly getting more serious about this bid for twitter. Shares of both stocks moving in opposite directions, although there has been a comeback of sorts for twitter. Jim will get more on this. A possible bid for twitter by it sales force. The weaponization of finance. Thats when countries like the u. S. Use the power of banks to impose its will on other countries. Ian bremmer will explain the risks of this strategy. Its a lot to think about. Hes calling it after the gzero. Youve got the imf meetings tomorrow. This will help get us in the mood for global conversations. Lets start with western crude at 50 a barrel. Plus this discovery, more oil off the coast of alaska. Jackie d