Were giving you a heads up. Dont get tricked. Our raleigh skycam looks beautiful right now. We are seeing sunshine, mix of clouds. As we get through the next 15 or 20 minutes, it will be beautiful. Just the right mix of sun and clouds. That does not say rainy afternoon to you, does it . That is why were here to let you know by lunchtime, it will be cloudy and by 1 00 to 3 00, depending on where you are, it will be raining. 36 in durham. 35 in cary. 36 in raleigh. 29 in south hill and rocky mount. 33 in fayetteville. For the most part, we are either side of freezing. Raleigh is a the warmer than that here in the mid30s. Expect temperatures to be somewhere in the 30s as you are stepping out this morning. By lunchtime, 46 and it will be cloudy and rain sets in. Some of this rain will be heavy at times. Expect a high of 52. It will be a fairly interesting weekend. Saturday looks beautiful but weve been tracking a system that could bring us precipitation for sunday. It looks like it could b
Hour. Anything kand often does happen in the last hour of trades. Stay with us. Well bring you all the details as they play out. It will been exciting close. Joining us ken mahoney, joe hider, Steven Parker of jpmorgan and lynn siindsey bell and our own rick santelli. Weve seen a growth bid this week. I have been talking about it all day. Consumer discretionary, tech materials. Is this finally the year for growth . Its been dzefensive for a while now . I think its a great sign for the market. Last year was a tentative rally. We saw things like utilities and staples leading. As yields were coming down investors were looking for other sources of income. What weve seen over the last couple week those cyclical name, the tech names, Consumer Discretionary names are starting to catch that bid and thats a positive sign. Is this normal for this stage of a recovery . Were in year six. Had isntthis isnt a normal recovery. A lot of what has been driving this is the yield. A lot has been focused o
America . And second, what do you mean by needs . Do you mean American Labor or American Capital . And when you say needs, what makes manufacturing so special . When we look at the crowd, most people here dont make things. They spend all day reading and writing and talking people. Whats wrong with the Service Economy . Why do we need a renaissance to be better . Im a great fan of the Service Economy. I think theres an enormous amount of value created there. When we talk about america, we think about the royal we. And i would also add the longterm health of the country as a place to do innovation. Okay . And the principal thesis in the book that comes out of our research is that unlike the reputation that a lot of people associate with manufacturing, we actually think the ability to make things is fundamental to the ability to sustain innovation over the longer term. Especially when you have products or processes. And i think that was mr. Immelt referred to that earlier today. When you
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