263,000 jobs, that caused the averages to roar higher for most of the day. But then the Federal Reserve threw cold water on the whole market. Yep, when the fed minutes from a month ago were released, we saw that they talked not about the economy being strong, but about stocks being too strong, it was almost as if the fed was saying that the stocks had gotten ahead of themselves so they had to take away the punch bowl with some stock bad mouthing. Paul ryan came out and said that tax reform will take longer than health care. Whats longer than never . Put it all together and the averages only went into a tail spin, erasing our earlier gain, causing the dow to close down 41 points while s p lost. 31 and the nasdaq sank. 58 . The fed signaled that maybe things arent as great as the bulls may think, which sent markets plummeting. Thats why i have to stress displadi discipline. At 1 59 at the top of the session, it went on for about five minutes, it looked pretty frosty. Since we have got th
An acrid plastic smell to it. The good news is the chief says in 30 minutes it will be under control. Take a look at the video shot this morning. People called 911 at around 2 45 a. M. They believe it started next to a restaurant called [ non english language ] in the rancho Shopping Center. Not in that Indian Restaurant itself as first believed. This is on El Camino Real near lawrence expressway. It destroyed about 7 neighboring businesses. Its hard to tell which one since the signs are gone. This is a strip mall with a dozen collection of korean and indian businesses. The chief says one of the challenges is access to the building. Its had renovations over the years like facades and extra walls and rooms added making it harder to get inside. We have fires up to 7 alarms in my career here. Four alarms on the scene now and one to help us cover the city. We have department of Public Safety and county Fire Department here in santa clara to help us out. Reporter the chief says they called
We will ask a top housing regulator. A stunning revelation in the big Insider Trading trial. The insider trader was kicked out of law school for faking his grace. Happy friday, you are watching Market Makers. Is the us this morning bestperforming hedge fund 2013, larry robbins. His returns are nothing short of extraordinary. Welcome and thank you for joining us. 2013, you were the man but guess who is the man today . My partner Erik Schatzker because january 10 is his birthday. I think it is far more important than the jobs number. Its myact that birthday makes something out of a day that otherwise would be a massive disappointment. The jobs report was horrible. The u. S. Economy added 74,000 jobs in december, lower than the most pessimistic economists view. Can i get ready for knowing its your birthday . I get to kiss you. Michael mckee is here to talk about jobs. The topline number is kind of noisy. It gets revised month after month. 74,000, is there anything in there that makes it l
He never forgot, and he used to tell my brother and me how it felt watching this young man get loaded onto trip trains, knowing that many would never return home. After he died, many years later, i received an outpouring of letters and photographs from some of the men he had trained if it served and returned home, and built lives and families of their own. I just couldnt believe that that experience, being yelled at by my father, was so formative for them it and i was so glad to hear, frankly. I saw the same sense of dedication and duty when, as first lady and then as senator from new york, i visited with servicemembers and their families all over the world. Then i was honored to serve on the Armed Services committee and to work closely with men and women throughout this building, and in particular with secretary mchugh who would become a great partner with me on the half of our military bases and personnel in new york. And what we did to try to keep moving forward in improving readine
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