The dow, 20,792. Our Leslie Picard starts us off with the comments that have wall street talking. What did jeffrey oven have to say . Two words to describe the markets. They are bad stuff. He was speaking at a reuters event on activism and says he is disinvesting and sitting on 3 billion in cash. Ubben is focused on the risk of inflation. Everything about trump i think is inflationary. Its the last thing anybody is worried about. Interest rates are going up. There is no talk of fighting the fed at all. He did concede that tax reform would be positive. The devil is in the details. If there is a border tax, which is very inflationary. Trumps agenda has been a boom for his investments. He invested in Morgan Stanley and the stock has doubled since. He said he got super lucky because you didnt expect trump to win and all of the sudden, regulatory relief looks to be on the horizon. Rates are going up and volatility has returned. He still owns Morgan Stanley but sold some. He doesnt know how
Take on a man. President obama is considerably greyer now than in the portrait taken from his first term. Four years can take a toll on americas backyard as well. The National Park service just spent 16 million to replace grass on the National Mall that was trampled dump president obamas first inauguration. Today, theyre making sure their investment is well protected. News4 Megan Mcgrath is on the mall which is getting a a special protective layer. Reporter a sight the wug tonians are not familiar with. Green, healthy grass on the National Mall near the capitol. The result of a more than yearlong project that cost millions of dollars and come monday, this new grass is going to get a serious workout with all of the people who are expected to come for the inauguration. While the u. S. Park service wants to protect their investment, and so theyre turning to technology. The grass on the National Mall has never looked better. The section from 3rd to 7th street has been completely overhauled