Lets head to the markets where julie hyman has the latest. Julie the direction is downward. , wer the threeday rally saw them gain more than 5 . It is not down for the dow, bouncing around between gains and losses, slightly higher. The nasdaq is the underperformer of the day. Some of those stocks are notably selling off. If you look at the s p over the course of the day, it has in a it has been for all major averages. 1 10dow, right down of 1 . There has been little bit of ounce the around. We have got the sectors on the move to the Interest Rate groups are doing better today. Telecom, the groups that tend to rise when Interest Rates are going down. Energy shares are the worst financials selloff. If the last three days were a flipflop of the script we had seen this year thus far, we are now flipping back to what were where we have been for most of the year. And the impression on energy stocks, it is still positive. Big downward. Inventories actually trading at the highest for the inven
Off party to celebrate month of april. Then at 1 00 after partying is over, there is an after party mike and alex will be streaming at 20 hours, and then an announcement that no one will tell us what it is, do you know. No. Okay. The ball will get to villanova. Ville know of has done it. On this day, the wildcats, in 1985, won the ncaa championship in a shocking upset over georgetown hoyas, hopefully a good sign for big game tomorrow with the oklahoma sooners, we will have much more on the final four in houston texas, later in the show. Im hoping. My fingers are crossed. Yeah. Sue, it will get chilly for the weekend, right. We have so many weather changing copping over next couple days it is crazy but at least Mother Nature decided no to the play a cruel april fools joke. We have had showers, then are storms in the forecast and the showers are around, and we will probably see some before the morning is through but it looks like thunderstorm threat is not going to be with us. We are in
Thinks big kick off. What is your favorite good day philadelphia moment . Use the good day 20. While were thinking bit, why not come down to fourth and market to celebrate with us. We have so much food. Great music. Come on down to fourth and market right now. I think Mother Nature decided not to play an april fools joke. We thought it might be pouring rain. It is looking better for our forecast. We will give you a six out of ten. For the entire day we might see then are storms but they will hold off until later in the a afternoon. Heres bus stop buddy and his party hat because it is not a Party Without a pointy hat after all and he is ready for some cake and for temperatures in the 60s. He has the umbrella, you will need the rain gear at some pint today, bright, mild out there this morning. There is a look at the rain and cloud cover on radar, so not much going on right now, if it stays this way we will have a a great time outside, and we will have a great time outside no matter what.
Nominee by cleveland time, Convention Time . It can go far into next year thats the exciting thing. Republicans are excited out there. Not just a chance to have a new president but a new dynamic reform minded conservative president who can work with the house and the senate and move the country forward thats the exciting part. Neil you dont think mitt romney will engage in the slingshot back and forth it dragged on. Governor romney was really the frontrunner from the beginning to the end, so one at a time, you had people be the counters to that. In this race its wide open. Neil four or five of you, 10 in the latest poll. Do you feel the pressure when you are out of nowhere and now on top of the polls. Do you prefer to be the little engine that could behind them . I ran track, my coach would say i would win by whipping around the end that last quarter lap there. Neil me too, me, too. I was in a car. There you have it. Hed say scott its a lot easier if you are ahead the whole time. In th
Are concerned about the global economy. Do you feel like he is not as concerned as everybody elses. Steve is playing in the private markets. Those investments take a lot longer to mature. Whether he feels relaxed or not it is not easy to move illiquid assets if you are a black so if you are a Blackstone Group and one of the things we talked about was russia. Impossible not to talk about russia. Steve sits on an International Advisory panel. That is a position he still holds. I want you to hear Steve Schwarzman talking about the rifts in russia and how he plans to respond. I think in the short term, other than if you are a market operator, which we are not, we buy assets on a longerterm basis as a rule in most of our businesses. It is time to watch. This can have a variety of from going back to business as usual or lurching off into some other direction. To make markets to make money. Who is on the other side of the market . Steve tannenbaum. At where gasu look is straining in the 400,