Really need to adopt watch the rest of this event in the cspan Video Library at cspan. Org. Type center for American Progress in the search box. Going to leave and go live to remark some House Veterans Affairs Committee Chair ted poe, some john mccain, james mattis and the mr. Secretary David Shulkin. All living at the American Legion conference here in washington. In deuteronomy it is written, a strong and courageous do not fear or be in dread of them. For it is the lord our god who goes with you. He will not leave you or forsake you. And in romans, what then shall we say to these things . If god is for us, who can be against us . With those passages in mind let us go to the lord in prayer. Almighty god, for whom nothing is too difficult, we call upon you to call our spirit calm focus our attention and energy on the tasks at hand, knowing that what we do is a part of your divine plan. Grant us the courage and faith needed for the assignments we are about to undertake, centered upon wh
Join us to explain a little bit later. Thats some real money. Yeah. Lets start with the jobs report and the latest out of washington. Another busy day there. Steve lease man is there at cnbc headquarters and eamon javers is at the white house. The president s team taking strong for the 235,000 jobs added in february even though it came just a month into the trump presidency. Reporter i think it was a perfect number. Right exactly where it needed to be. Our jobs plan and our Jobs Creation and bringing jobs back to america is going exactly the way wed like it to go. When i was on a month ago we talked about bringing jobs back. I think this number reaffirms everything that were trying to do. No matter who was responsible, it was a very positive report. Unemployment falling to 4. 7 and it was helped by some temporary factors, for example, warmer weather but showing good underlying strength and payrolls. Heres where the jobs were, construction up 58,000 along with leisure and hospitality. T
Yarn about a letter hidden in plain sight that nevertheless cant be detected because people just arent looking for it in the right places. We see the same thing happens with this market pretty much every day now. Great bull stories passing unnoticed right in front of your eyes. Today was no different. Even as the dow dipped 16 points, s p declined 0. 16 , nasdaq actually closed up albeit fractionally. Let me give you some classic examples. When investors try to figure out why stocks should go up, they begin with the presumption that the United States is a service economy. Since twothirds of our Gross Domestic Product depends on individual spending. But heres the problem. The big time portfolio managers, they dont see any real strength in consumer spending. They dont see it with all the retail store they follow. They dont see it at the restaurants they cover. They dont see it in the home sales. They dont see it in the shopping center, shopping mall, or strip Mall Real Estate investment
It is up 3 today as a matter of fact. There we go. We begin with the Worlds Largest fund Company Turning to machines to pick stocks. Legalsly picker joins us at post nine with that story. Hey, guys. Stock pickers are out and machines in. Black rock is overhauling active management business, conceding beating the market is hard and expensive and computers can do a better job for less. The revamp affects 30 billion of black rocks five trillion dollars in assets to start. At a high level the plan involves adding more technology and data science to the art of portfolio management. That means fees will be sliced in half for customers, saving them 30 million annually. The firm says it also means that some Portfolio Managers will depart. The firm is offering new products including those under the advantage brand, which gives Retail Investors access to black rocks Quantitative Investment strategies. Keep in mind though this is still more handson than black rocks wellknown etf business. Some sa
Its been a good run, hasnt it . Its extended fall, but its ending now. Outside a weak dry front is kicking up the winds a bit in the city. Youll have a fine drive tomorrow morning, but that mosaic of color all around us signifies Winter Weather and travel advisories, blizzard conditions over the Northern Plains states, the areas in red up to a foot of snow and that includes resorts in our northern and central mountains. Travel will become more difficult during the afternoon on i70, but these resorts will start. In denver the snow mixes with rain around lunchtime after an easy morning drive, then flips over to all snow in the afternoon, looks like a trace to 2 inches on the grass. If that band hits during the evening rush between 4 and 7 p. M. , that could be impactful. System is out of here this time tomorrow night and temperatures drop. 20s around 8 00 and down to 20 that system coming our way is a fast mover and coming up in our main weather segment well see some of the coldest tempe