Fargos ceos compensation went up despite the sales scandal that shook the bank. We have more details on that controversial story coming up. But we start with the budget blueprint the white house ingave this morning. You can see the percentages there. Hes calling for cuts, meantime, at the Environmental Protection agency and the departments of state, labor, agriculture and commerce all in the range of 16 to 31 . We have full Team Coverage on which stocks stand to gain and lose the most from these proposed changes. Kayla tausche taking a look at infrastructure. Meg tirrell looking at pharma and health care. We got some glimmers of what the white house wants to do with infrastructure. Its proposing to end several projects. The governments proposing steep cuts to infrastructure heavy agencies and their programs at agricultu agriculture, cutting rural water program. And a billion dollar budget cut at the defense departments corps of engineers which maintains inland water ways like dams and
Coming up here. The former ceo of mcdonalds says the number may look bad but the current employee picture looks even worse. Hell explain why coming up. And donald trump calling that jobs report in his word a bombshell. Larry kudlow and barney frank will be along. And Joel Greenblatt gives us a peek into his strategy and why people should own a bucket of stocks like apple. He explains coming up. So much more. Weve got a lot of things planned, coming up. Lets talk about the things that cattalized the jobs rohrs. Steve liesman, what in the world happened here . You know, it was a week number. No sidestepping it was well below what the street was expecting and now everybody turns to the fed chair janet yellen who steps up monday and will have to react to this dismal jobs report. Remember she said she thought it was moving in way to hike it in the coming months but now says steven stanley, i expect that chair yellen speech writers were told to clear their calendars for the weekend and a new
A year. Stocks have given back their early gains from that strong jobs report. The real question, josh, is where in the world do we go from sneer how disappointing do you think it is that we dont have a meaningful bounce to talk about off of a great jobs report and maybe some stabilization in china if you want to call it that . So the s ps off 9 1 2 from its alltime high. The russell, though, is down 19. Which is something weve pointed to very frequently. And i think its pretty obvious that at this point were in a down trend. The worst thing that could have happened this morning was a big gap up and thats exactly what happened, and thats why it failed. I think the most important thing for investors to understand is that the big up moves, the big oneday rallies, they all occur in down trends, they all occur in bear markets. 22 of the 25 best days for the dow jones of all time took place when the market was below its 200day. So the worst thing you could be doing right now as an investor
For the dow in three months. We have to stay tuned. Seems like gas heading below 30 for the country, air strikes bumping the price back up. The latest on u. S. Military action against isis and al qaeda and hear from a pro if gas prices shoot up like a rocket after falling like a feather. Although ill say, you know, price of oil is up sos the price of gold and not a whole lot. Oh, look at that. Looking at vitd owe to talk about. When is a plus a minus . Well, some would say talking about the iphone 6 plus. There have been those complaints that it is simply too big. But follow me on this. If it is, why does apple stock keep going to the plus side . Were going to have the pluses and minuses of the iphone 6 plus. And i know youre nonplussed about all that, arent you . Listen. We saw the device on friday. I felt it was little bit difficult to whatever. Well see how it goes. It is large. Its about more than just how many apple sells on the first weekend. It is about how to continue to domina
Parts of the u. S. Northeast already buried in deep snow are bracing for anoter blizzard. New yorks governor is calling it a historic event. A monster winter storm earlier this week pounded the state of new york, leaving it buried under six feet thats about three meters of snow. If forecast hold true for this storm thats coming, new york will have gotten a years worth of the white stuff in just three days. At least eight deaths in western new york are being blamed on the Winter Weather so far. At least three of them from heart attacks suffered while the victims were shoveling snow. Residence across the northeast are being told to stay indoors. Almost two meters of snow fell over the last 24 hours in buffalo. Helpless drivers were everywhere. Many roads had to be closed, and hundreds of vehicles were trapped. Emergency workers did all they could to reach people stranded on the highways. Many of them could not get home and had to spend the night and public shelters. It was cold. I was re