On what were seeing on major heat waves. Well be exploring the markets all afternoon for the next two hours and beyond. Lets get more now on todays slide from bob pisani on the floor of the New York Stock Exchange. Bob . Hello, tyler, and what were seeing is a little bit of a reversal of some trading trends, specifically around the dollar and also to a trading around the dollar. Modest rally. Look at the dollar index moving down all throughout the quarter here. The lows recently. Thats reversed a little bit today and some people are debating. The dollar may have bottomed and that may have factored. Energy financial materials were weak today. You know what the market leaders are. Energy financials and materials this quarter and a very specific reap. Those are cyclical stocks. Very specific reasons why cyclicals have done well this quarter. Let me show you the q2 trade, the trade everybody is doing. You have the weaker dollar and combine it with a stable china and you combine that with o
It has been a rough start to the year as you know. The dow, s p 500 both down more than 7 so far in january 2016. Even worse performance for the Technology Heavy nasdaq. It is down 10 percent this month alone. That correction territory. Candidates squaring off in the final gop debate before the first votes are cast in the 2016 election. Blake burman with more on last nights actionpacked debate from des moines. Good morning, blake. Maria, good morning to you as well. Elephant not in the room as megyn kelly put it, donald trump was quickly addressed but from there candidates moved on to the issues especially immigration which is hugely important in the state of iowa. Showdown on that front between marco rubio and ted cruz continued. Trying to paint rubio as proamnesty. Rubio essentially called cruz a liar. This is the lie that teds campaign is built on and rand touched upon it. That he is the most conservative guy and everyone else, everyone else is a rino the truth is ted throughout thi
Several big names set to report earnings this week including the likes of jp morgan alcoa, and city. Why it could lead stocks higher. Plus a rough day for tiffany. Why disappointing holiday sales are weighing bigtime on that luxury brand. And merger monday has two very big deals in the pharma sector. What big names are teaming up. First up though after a volatile week for stocks, the markets are bracing for the beginning of earnings season. Alcoa set to report after the bell tonight. Oil continues to fall after seven straight weeks in declines. Goldman slashing its threemonth forecast for brent from 80 to 42 and wti from 70 down to 41. The firm says it needs to stay near 40 for most of the year. Half of this year before it would keep capital sidelined. Actually theyve got a great count showing that its actually falling faster than it has in almost every other oil bear market. Well, it has to but at the same time when we keep seeing these Production Growth numbers that are out of these
Refund to get your reaction. Did you watch and what did you think about that speech . Our phones are open. Democrats can call in at 202 7488000. Republicans at 202 7488001. Independence at 202 7488002. You can catch up with us on twitter or email us. A good Tuesday Morning to you. We begin talking about first ladys Michelle Obamas commencement address. She speaks of the emotional toll of being the first black, first lady. They wrote, mrs. Obama delivered the address to much applause but in intertwining her personal journey she if raised this question, how much has america progressed on Race Relations and can this generation prevent being defined here is a bit from the address in which she specifically talks about being the first black first lady. [video clip] back when my husband first started campaigning, folks at all sorts of questions for me. What kind of first lady would i be . What kinds of issues what i take on . When i be more like laura bush or Hillary Clinton or nancy reagan .
Tom kierein says we will get a lot of sunshine today. Could be one of the best days for us in a while. Yeah enjoy this while you can because well be in for a deep plunge back down into the deep freeze tomorrow morning. Right now though its a little below freezing as you showed. Storm team 4 radar showing a few scattered flurries that passed. But theyre pretty much going away now and the cloud cover will be breaking up. Right now just high clouds. Off in the distance Friendship Heights and bethesda on the more horizon horizon. Everything is dry and cold. Your weather headlines be prepared for a milder afternoon. And then a big change overnight tonight. Cold front sweeps in tomorrow morning. Likely triggering a little bit of light snow for the morning commute on thursday. And temperatures will stay here in the upper 20s to near 30 degrees between now through around 8 00 this morning. Then we will jump this afternoon. A look at your drive time forecast chuck bell joins us live in the stor