Recent measures to reduce Greenhouse Gas emissions. President trump as a way to bring back coal mining jobs. My administration is putting an end to the war on coal. Weve financial to have clean comb, really clean coal. With todays executive action, i am taking historic steps to lift restrictions on american energy, to reverse government intrusion and to can sell jobkilling regulation. But critics say the order will do little to help the coal industry since other source of energy, like natural gas are already cleaner and cheaper. Joining me now from the academy of scientists, jonathan foley. Nice to have you here. Thanks, for having me here today. What is your reaction of president trumps rolling back mandate fighting Climate Change . Theyre down right bizarre the climate is clear its bad for the u. S. Economy and our interests around the world. Also, these measures wont bring back coal jobs. Those jobs have been gone. They have been replaced by automation and machine. They will not ben
We saw the major indexes all down. European markets, yeah, kind of a down show there too, as you might have expected. Well call it what 1 more or less when you average it all together. As for tenyear note yield here in the states had a recent high yesterday i believe in yield 1. 81. And there is all important crude and brent both below 50. Lets get to our road map this morning. And it begins with jeff bezos making headlines at that code conference. Were going to have much more on his future at amazon, the retail stores, donald trump. Yeah. Plus a new month in the markets after that may rally. Stocks as you saw starting in the red. And a deal this morning, not that large a deal but an interesting one, salesforce buying a Software Company 2. 8 billion total price tag, had a lot of cash. Marc benioff going to join jim right here this morning. I will at least get to say hello to the bearded master, im hoping. Lets get to carl in california at the code conference where jeff bezos was making
Today. Down by 1. 5 . Well dig into that over the next two hours. We begin with the banks. Dan warner is a banking analyst at morning star. Great to have with you us. Dan . I dont understand why one would be invested in banks right now unless you simply wanted to preserve or lose capital. Give me the bull case. The bull case is that if you with the strong economy, with the low cost and positive thats we, have were still seeing strong loan growth. I think i mean there are headwinds. But for longer term, i think you still want to be in banks. The fed will raise rates at some point. It always seems like the last few meetings when he some excuse or some reason at the last minute why they havent raise the rates whether its geopolitical or a jobs report. They will raise rates. I dont i dont think its going to be quite maybe you may see one before the lection. I think that lection may have smim pact on the timing of the rate increases. I would look for it more december or thereafter. So i thi
Ford, all of these basically weaker than expected although slightly better than expected for fiat and chrysler. The real concern is when you look at car sales. Were not talking about suvs and pickups. Were talking about car sales. The numbers, thats not a mistake there. That is accurate. Fiat chrysler cars down 39 . Gm down 25 . Same with ford. Toyota, down 15. 9 . What is happening here . A couple things. Moderate gas prices are having an impact. People are saying if i have gas at, what, 2. 32 a gallon on average in this country, hey, its still relatively cleep to where it was a few years ago. As a result, you see people rotating to crossovers, suvs. So when you take a look at the japanese automakers sh the reason were showing you the stocks is because these guys have more exposure to the car market in north america relative to gm, ford, fiat chrysler. Keep in mind, those guys have much greater exposure to trucks and suvs relative to the japanese automakers. Any way you slice it, they
Path you have created, inspiring them with the potency of your powerful presence. May they trust you in times of adversity and prosperity, knowing that they will reap a productive harvest if they persevere. Lord, keep them from underestimating the power of your great name, inspiring them never to forget that nothing is impossible with you. Give them the wisdom to solve the hard problems of our times and grace to live in harmony with one another. We pray in your strong name. Amen. The presiding officer please join me in reciting the pledge f allegiance to our flag. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The presiding officer the clerk will read a communication to the senate. The clerk washington, d. C. , may 10, 2016. To the senate under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable rob portman