Now we are beginning to see some themes of think amazon and facebook. Higher commodity prices. Chiefly oil and gas and a weaker dollar. In the end though, after a day like today with the dow lost 57 points, s p 500 plunged. It is all about profit taking and earnings. Just say exhaustion rather than anything important. I know im making it sound like the market has a mind of its own with mood disorder, sleep deprivation. Of course, the market is not a person but it has a personification in the case of large Portfolio Managers who get worried and then take action. Sell, sell, sell. Driven more by emotion, rigor or even facts. We start with Warren Buffetts love fest. The birk shire hathaway. Buffett is not emotion and he has rigor in spades. Like many of you, swh are trying to find inexpensive stocks of well run couldnlonies. So he is a welcome joy versus people who come on air and blast away and call tops all the time or seek to make their negativity. I like warren aplenty. I will be glue
They were willing to do it, they wanted to be shown how. For me, i cant sit there and ask them for something if i dont prove how we do it. The governors Budget Proposal goes to the legislature and revenue generated bills have to originate in the house of representatives and voted on by the senate before going to the governors desk. The state has ordered more than 330 thousand dollars in restitution for food stamp fraud cases. Attorney general alan wilson says this is restitution from 99 cases in the state and is the result of the first year of a Partnership Targeting abuse of the federal snap program. Happening now. A highly debated rock quarry project proposed in lexington county is being heard before a judge. The Company Behind the project, vulcan materials, wants to build in the leesville area. One of two proposals vulcan gave county council in november would close stutman road that is what is being discussed in court today. Vulcan says closing stutman road would keep the Mining Ope
This morning with temperatures much 30s to start your showers to develop with steady rain Late Afternoon into the evening commute. Our daytime high temperatures to some wet snow mixing in with any left over rain showers after 9pm. Temperatures will fall to 30 degrees Early Saturday Morning with a few snow showers in i do expect the spots as temperatures fall with light sctd snow showers Early Saturday Morning. Saturday afternoon we are dry with high of only 34 degrees. We will fall to 20 degrees by sunday morning with a high of only 24 degrees on sunday with scattered snow showers early another arctic Single Digits and highs in upper teens early next week. Frank cam my next guest is known for some spot on impressions of celebritys such as jay z and chris rock. You often see him on espn and of course his time with snl and death jam comedy. Dean edwards will be performing at the funny bone in newport ky this weekend and he joins me live. The hilarious actor comedian dean edwards will be
Another deal to tell you about. Hasbro and talks to buy dreamworks animation. That is according to people familiar with matter. A premium of 34 over yesterdays closing price. Thirdquarter earnings Beat Estimates at walmart. Was to buy the increase in sales and its newest stores. Adding more smaller Format Stores to boost revenue. Overseas, another outbreak of widespread fighting in ukraine. Nato says Russian Troops and tanks have been flowing into eastern ukraine. Areu. S. And European Union deciding whether to impose more sanctions on russia. Heres the u. S. Ambassador to the united nations. Russia has negotiated a peace plan and then systematically undermined it and every step. They talk of peace, but keep fueling war. For more than two months, ukraine and the rebels agreed to a ceasefire. The controversial Keystone Pipeline. Monthve an impact on next runup election louisiana. They both want keystone approved. Landrieu has been trailing in the polls. The information weve gotten is th
Fed chair Janet Yellenss before the committee today. First, lets get you right to the top stories we are following. Janet yellen serve notice that a change in the feds plus pledge to be patient on the timing of an increase would signal that liftoff could come at any meeting. Yellens comments come before testimony at the Senate Banking committee. Modification of the Forward Guidance should not be read as indicating that the committee will necessarily increase the target range in a couple of meetings. Instead, the modification should become too understood the conditions improve to the point where it should be the case the change in the target range could be warranted at any meeting. Up near quarter percent at 20. 2115. Up over half a percent at 18,000 tonight. And the nasdaq composite, 49 and free. The Conference Board says Consumer Confidence fell more than expected this month. Februarys number is slightly below the Monthly Average for an expansion. The greek bailout has been put on hol