Well but they are not doing much for stocks. Not seeing a big decline. One would think, a b that is because it is bringing forward when the fed might raise rates but we are not seeing bond yields rise or the u. S. Dollar. Take a look at the bloomberg map. We have Energy Shares trading higher, Consumer Staples lower. A Diverse Group of groups doing poorly today although it seems like there is a little bit of a rotation out of the defensives. Within the Consumer Staples, have kraft heinz pulling back today. It does not look like a specific catalyst that is driving them lower. In terms of the dow loggers we have cocacola and then we have been talking a lot about the home depot. They said the First Quarter would likely be the high point for the year in terms of sales growth. It is off from january to february and february to march, slowing sales growth. That appears to be behind what we see in the selloffs. Scarlet and a bright spots . It looks like energy is the bright spot that it is not
Our road map begins with a 20 billion deal. Freeport mcmoran getting into the Energy Business making two acquisitions. Plains exploration and mcmoran exploration. Concerns over the u. S. Economy as adp misses estimates. The blame goes to superstorm sandy. Goldman says the party is officially over for gold. Starbucks at an investors conference will add 1,500 stores in the u. S. Over the next five years. Wait until you hear what they said about china. A big day in media. Pandora ceo joins us live later this morning as the stock fell nearly 20 on weak guidance and netflix signs a big exclusive with disney. How much are they having to pay up for that . Lets deal with this big deal. As ive been telling you well see a lot of big deals i was wrong. Here we are. Freeport mcmoran buying not one but two companies. The combined price if you add it all together gets close to 20 billion. That does include debt. Lets go through some of the details. Its somewhat complex. Lets start with bigger of the
Thats where we have a severe thunderstorm watch in effect until 10 00 p. M. Local time. Within that watch, we have severe thunderstorm warnings. But we could start to see some rotation. If you live in these areas, keep your radio on. We also had an earlier Tornado Warning in parts of southeastern alabama in towards georgia. That has just lifted, which is great news. Were also seeing the potential for Severe Weather across the midatlantic and the northeast. Heavy downpours being reported across portions of new jersey and long island. And we have a couple of Dynamic Systems that are going to move into the central u. S. , one of the main ingredients we need for Severe Weather is the warm unstable air mass. Weve certainly got that across the southern and Central Plains where its 80s, 90 degrees hyped that. Very cold system thats going to eject from the rockies. Thats going to give us our Severe Weather threat, especially tomorrow for mothers day. Keep that in mind. But this low Pressure Ce
Jared kushner, the president s soninlaw, his Senior Adviser got big loans for his Family Business after he met with top wall street executives at the white house. Thats according to the New York Times. Kushner also described as acting paranoid. A cnn source says he feels everyone is out to get him after losing his top secret security clearance. And in the middle of his pitch battle with chief of staff john kelly. A white house insider saying the president is increasingly frustrated with all the enemies general kelly is making. And also the latest crisis of the president s own making. The president s public shaming of his own handpicked attorney general. The president tweeting today, why is ag Jeff Sessions asking the Inspector General to investigate potentially massive fisa abuse, will take forever. Has no prosecutorial power and already late with reports on comey, et cetera. Isnt the i. G. An obama guy . Why not use Justice Department lawyers . Disgraceful. To answer questions, Michae
Berated hicks for admitting she lied and asked her how she could be so stupid. The president s son in law, his Senior Adviser got big loans for his Family Business after he met with top wall street executives at the white house. Thats according to the New York Times. Kushner also described as acting paranoid, he feels everyone is out to get him after losing his top secret security clearance. In the middle of his battle with chief of staff john kelly. A white house insider saying the president is frustrated with all the enemies general kelly is making. The president s public shaming of his own handpicked attorney general. The president tweeting today, why is ag Jeff Sessions asking the Inspector General to investigate massive fisa abuse, will take forever. Already late with recalls on comey, et cetera. Isnt the i. G. An obama guy . Why not use Justice Department lawyers . Disgraceful. Michael horrow its is investigating because thats his job, and none of this is really what the presiden