We start giving that back a little bit. We did see some big gains across the board. If you check out currencies, youll see right now that the dollar is higher against the euro and the yen. Euro is trading at 11. 3764 and the yen is at 103. 94. And the tenyear note spoke of 2. 8 on wednesday. Thats the highest level its seen in just about two months. You can take a look and see its just below that at 2. 79 . Andrew has some of todays top corporate stories. News this morning, joe referenced it earlier, citigroup federal is under investigation in a criminal probe under their mexican unit banamex. The question for citigroup is whether investors ignored signs of money laundering. Theyre facing a civil investigation in the securities and exchange enforcement unit. Citi released earlier bamamex uncovered apparent fraud. So just when you thought is citigroup was out from under it, it has further reserve about its capital. Also now taking on tesla securities, a notice it intends to appeal new jerseys ruling that would stop it from selling its vehicles in the state. The notice was filed last week. Shares of tesla, you can see whats going on this morning given all of this. They are up marginally. They will keep the showrooms, but they wont be able to physically sell you the cars. So i know you saw that the other night. And remember they showed the tesla . I thought that was joke. No, it was i thought it was a joke. I did not know what a huge and scott pelli was like, yeah. But i heard it and i thought, thats funny because Everybody Knows theyre silent. But they said can we put in sound effects . They put in noise. It will be like your iphone where i have that list of things that i can choose from. Like the phone where you yes. You can put whatever sound you want in. Really on honestly, i was stunned when i read that, too. You know, this video we have of the tesla, i guess we didnt have an audio guy there. Lets put some we need to put some i cant hear this car. Lets put some sound in there. Can you imagine the idiot that did its classic. Its really funny. But it makes me feel a little better. 60 minutes. 60 minutes. It can even happen there. I love it. Makes me feel better about what we do all the time. I know, i know, yeah. Waynes world and compared to yeah. Were not in anyones basement, are we . Were in the global headquarters. Another record close for the s p yesterday, fourth straight day. The index climbing five points to top 18. 90. Thats 42 divided by 1848 is were up for the year, so i would say its a little over 2 or so. It had been as high as 1,893. Stocks getting a boost from the adp report. It was almost 200. The dow gained 40 points to finish at 16573. Just a few points shy of a record close and the nasdaq gained 8 points. There will be more Economic Data as there always is. You have confirmed it thursday, andrew . Thursday. Jobless claims coming up today. And trade deficit numbers at 8 30 a. M. Eastern. It does kind of all when you get up at 4 00, it seems like you know, i get up and im going bed again. The alarm is off again and im not sure what day it is. Not only do i not remember what day it is, i dont remember what everything is nor. I used to be able to remember, if it was a pink page, it was the financial times. If it was written in the certain times, it was the wall street journal. I dont know what i read from where. All i know is tuesdays because thats when the andrews column comes out in the New York Times. Thank you. You just realized the it this the way, too. You write a column for the New York Times, right . I was looking at ordering some cds yesterday. Online . Thats what i said. Im surging into the future basis buying cds online. You have to buy something online. You are at a point where its in the past, but this is residual . You dont think youre contagious . We have a camera over there set up. I know. Your eyes are watering. Youre taking like thats because im trying to hold the cough in. But do you think you should be here . Probably not. You look nice. Your hair looks the they did a good job today. Thank you. Thats gayle taking care of me. As much as i like andrew, the two of us you know, it helps. I missed you guys. I had to come in. We missed you. Yeah. She won the jumble on monday. I thought you were going to wait until next week so you could have a 110 win for the week. No. I told them i really wanted to be here for april fools day because i had planned out this things that i was going to get lets paper ahead of time and i was going to i would have noticed it. I would have won and you would have been really mad. Its like these are not words. I would have come up with maybe foreign words. Who is this . Oh, yesterday we were alternating each line when we were reading. Oh, that was nice. Can we do it three ways . Or we could just go ahead and introduce ross who happens to be standsing by in london with the Global Markets report. Ross, good morning. Hey, good morning, becky. Good to see you. Waiting for the ecb today to make its latest decision. It comes against the back drop of inflation hitting. 5 for the month of march. They have a rate of 2 . The imf is coming out and saying there is a case here for mormon tear easing, particularly in terms of the debt sustainability. You dont need deflation, just very low inflation making it incredibly hard for countries like italy to pay down their total levels of debt. The ecb might turn around and say we dont have a problem with inflation because it seems like energy and, of course, because weve got structural changes going on in the peripheral. Nevertheless, it is cranking up the pressure ahead of that. European stocks are weighted to the downside. Around about 5 4. We are down near the special lows at the moment. This is where we stand with the ftse 1100. Fairley flat. We have pmis today out of the uk. They were a touch lower, the composite number 58. 1. March 58. 6. But its still point quarter on quarter growth of. 7 . A sweet spot for the bank of england. They have lower inflation. The xetra dax and cac 40 are fairley flat. 53. 1, the flash is 53. 2. Germany, a little slower than it was for france fairley stronger. The important thing about that pmi number, though, is it speeds into the inflation story because firms are saying the best activity for three years but only at the expense of slashing pric prices. It all feeds back into whats going on with inflation. The ftse up 0. 5 . Down in terms of sectors in europe. This is where we currently are. There we go. The banks up 0. 3 . Insurance up 0. 2 . Retailers fairley flat at the moment. Utahs, basic resources, telecom res taking the weakest point of it, as well. Thats where we stand in europe. All eyes on the ecb. We do expect no action, but how dovish will mr. Draghi be in his testimony and will that start to take some pressure away from the what many regard as an overvalued euro at the moment. Back to you. All right. Thank you, ross westgate. Good to have you back with us every day. A shooting at ft. Hood, another one, has least six dead and 15 wounded. Jay gray joins us with more on this the story. Jay. Good morning. Shock, disbelief, a lot of people wondering how this could happen in the span of five years, that two soldiers here would open fire in this latest atta attack. The suspected gunman, 34yearold ivan lopez. He had only be at ft. Hood for about three weeks. Its the largest o post in any nation. 50,000 people live and work on this base. Look, this happened just after 4 00 local time yesterday afternoon. Shots rang out in the motor pool here. He apparently fired shots there and then got into his car, fired shots from the car. Moved on to a medical facility here on the post and continued to fire shots. He was confronted by military police and apparently, according to officials, turned the gun on himself. 16 people are jrinjured. This morning, at least three of those are still in Critical Condition and thats something officials are continuing to monitor as the investigation continues, as well. Federal agents, the fbi on hand here. Inside right now his apartment just off the base here. We talked with a neighbor who lives in that complex, said that she was with his wife at the time she found out that her husband was the one that was being suspected of carrying out this attack, that she broke down, was crying uncontrollably and didnt understand how this could be taking place. Shes with authorities and is said to be cooperating right now as are investigators, state and local police are trying to get to the bottom of whats happening here. Its reopened some wounds here and brought to the surface some emotions that this community has been dealing with for almost five careers. You will remember major nadal hasan killed 13, injured at least 30 in an attack here. And just late last year, his trial ended. Hes on death row right now. That was an act of terror across cord to go officials here. But what theyre telling us is this was not. It was an argument that obviously escalated. Theyll. Their investigation. Thats the latest live here at ft. Hood. Im jay gray. Becky, joe, andrew, back to you guys. That the first one took a long time to decide that was an act of terror, too. But this one looks a lot more clear cut, jay. Yeah. Thanks for your report. Feel bad for that not only did the lady lose her husband, but hes a perpetrator. Its just awful. Lets take a closer look at the u. S. Markets with the jobs report just a day away. Here with us now, chris redford, a coPortfolio Management of the niedhan growth funds. We keep an eye on the macro. You know, weve been through a pocket here in the last few weeks where we were kind of light on news. The market traded down, but were entering now april earnings season picks up next week. But, yeah, labor numbers are going to be what theyre going to be. We know that weather was terrible in the First Quarter. So if that is an anomaly, thats great. Maybe well see better numbers. If we see weaker numbers, the fed will still is there anything that would change your approach to investing based on job numbers when youre in a niedham Small Cap Growth Fund . I cant even imagine that its almost background to you. Exactly. Were longer term investors. So lets talk about the small cap. I think they outperformed in the last six months, the caps. They had years of outperformance and then some underperformance, right . About twoandahalf years of not great performance relative to larger caps. I think people went to liquidity, which is larger cap companies. Are we still in that period . We are in a bit. I think theres a value to liquidity. And i think, you know, around this whole story of this High Frequency trading, does it provide liquidity or not . I dont know. But its you know, for me as a small cap manager, im certainly looking at companies and what volumes they trade, whats my ability to get in and out. But in many cases, companies that do have low liquidity have great investment opportunities. A lot of other managers that are shorter term wont move into there. One thing about this story a lot, again, just i dont try to. It just pops into my head. Im convinced that circles on malaysian airlines. But actually, im interested in because its what we do, obviously. As far as free and fair markets, i have no doubt that in the United States you think our markets are rigged . Go to russia, go to china, go to emerging markets. And when you identify things that arent fair im not saying that. Im saying if you want to talk about something honestly thats rigged. Tell me, though, that the bond market is not rigged right now. With a straight face. You mean because of the fed . Yeah, because of the fed. Tell me that prices are not manipulated in the bond market. You can say that at any point because of the u. S. Government. The u. S. Government can step in and change the rules at any point. Thats the always been the case with any market. Not to this extent. Normally bond prices are allowed to find a more normal that has not been the case since the financial crisis. That is something jim chanos will talk about later on this morning. Even libor, compared to holing the ten year one goes to trust and confidence in the government, but theres one thing no, theres not. But im saying theres an established rule and this is something very different. The s. E. C. Established these rules. He thinks youre due for something. You may not Pay Attention to the jobs numbers, but would you Pay Attention to a broader macro issue like that. I think the fed has been supporting the market for years now. That goes without saying. Yeah. Theyve been impacting the yield curve on the short end and in the Mortgage Markets and so forth. But i really dont see that they can change the course that theyre on because even a slight uptick in Interest Rates has an impact on economic growth. I mean, yes, we had weather, but how much was the impact due to these higher rates here . And in reality, in the journals piece today, its never been cheaper for individual investors to tray stocks. It used to be i was a broker. It used to be 300 or 400 to trade 500 shares. Its now 700. These shares skimming that youre seeing with the htc, maybe theyre front running. Maybe they shouldnt be ahead of that. But in terms of it not being where individuals cant make money in the tock market because of this, thats well, they create this situation where its so cheap or could it be even cheaper if you actually took that youre getting close to zero. Its pennies at this point. Thats not going to make or thats going to the make you successful or unsuccessful in investing. And as you pointed out in your wonderful column, the people that the customers of the High Frequency traders are pensions and individuals and everything else. So it does get sticky. And i cant tell that bothers you. Because youre not really able to come down hard against these guys because you realize that its not its a gray area. Its a gray area because its not the guy on e trade against the guy in the helicopter . Its just not. Is that the guy with the helicopter . Why a helicopter . Because its a helicopter. Anyway, whats your favorite small cap stock, have you got a couple . Yeah. Were certainly looking for Small Cap Companies that are in growth. Have you got names . Or you dont do that. Well, i really dont throw them out there right now. But the larger cap names that we do in our growth fund the larger cap small caps . Youre not going to give us any names, just the larger cap small caps . Thats helpful. I think theres still an upgrade cycle in the optical world. You see a lot of players out there. Do you know what hes talking about . I dont know. Your broadband is growing faster and faster. Theres more data out on the marketplace. So who is in that like what company are you talking about . Theres Companies Like near foe tonic, a small capital company. Another larger one is called sinisar. But, again, you had a tough weather, you know, First Quarter and youre not out there installing equipment in the cold weather. So i would probably look to a better second half for a lot of these companies. You know, anybody that was outdoors working was probably impacted by the weather. Oil and gas services, were seeing a resurgence here. Youre not out drilling when fluids freeze up in north dakota, youre probably not drilling as much the. But we will see a recovery there this summer and in the second half. Thank you. Thank you. When we come back, two things you would never dream would be mentioned in the same conversation. Miley cyrus and russian sanctions. And as we head to break right now, economic out a stock thats been hit by a wrecking ball of its own. Yelp took a hit wednesday. Find out why, income. Out why,. Were going to continue to see these storms firing up as we go throughout the afternoon. These storms, a possibility we could see isolated tornados. Right now, we have a thunderstorm warning in place for parts of st. Louis. If youre in the red today, this is not good. This is where were going to see stronger storms, possibly retation out there. A lot of rain coming down. Severe weather extends into parts of the atlantic, towards the ohio valley down towards the gulf coast states. Now, the other part of the story, it says it is april on the calendar, but unfortunately were looking at more snow coming in across parts of the upper midwest. That includes minneapolis, fargo, and you want to know how much snow were talking . In some of these locations as we go through tomorrow, we could see a foot or more of snowfall. You can see see for areas of duluth, minneapolis, youre right on the cusp into the arrowhead of minnesota and marquette. It is april, but it certainly does not feel like it. Typically, they see about 2. 1 inches and some of those rotations are going to blow through that. Becky, back over to you. Right now, its time for the executive edge. By the way, this may be the first time that miley cyrus has made the cut. One of the venues in finland that she and pop star Justin Timberlake is going to own this spring controlled by a holding company. Those three russians happen to have been singled out by russias annexation. According to the wording, the u. S. Sanctions live nations should thee receipt cannily be barred from completing any Financial Transactions unless it first accepts special permissions from the u. S. Treasury. Guys, do you think Something Like this would ever have happened . I thinking back on miely, the maybe the what did she pay the guy that said do this with that thing . It was priceless. That was that, 100 million . Wrecking ball . No, i just mean that performance with the cat and the tongue and the twerking and all that stuff. It had to be worth 1 hup million. That, too. What i saw that i think is even more interesting than this is that skid more college is offering a course now on miley cyrus. Its called the sociology of the miley cyrus. Youre kidding me. Race, class, againer and the mead kra. You can study and get School Credit at the same time. And they talked, i think, one of the professors there. She provides rich examples for analyzing aspects of intersectional identities and media representation. And i think that i will say that is more legitimate than some college classes. Some examples of what you can learn, uses of culture across race, class and gender, bysexualitity. The rise of the disney princess, gender stratification, commodities of chideholdhood. This is a liberal arts school. And you wornder why we dont hae people able to go into the i. T. Area and get a job fo