And thats whats driving the stocks of so many Big Industrial Companies Higher even as others sell off in a bizarre confluence of good and bad news thats mirrored in todays action with the dow struggling to stay positive, up just two points. S p dipping 0. 26 and the nasdaq getting crushed, down 1. 05 . In the last 24 hours, president elect trump has announced a bunch of probusiness cabinet picks while to spare jobs that would otherwise be lost to mexico. The result is that the markets anointing a whole new group of stocks, rotating into them while slaughtering others. So i want to explain why thats happening and how you can profit from it. So lets trace the narrative. First the picks trump announced today, Steve Mnuchin as treasury secretary, wilbur ross as commerce secretary, sent a huge message. People who are probusiness and thats who this administration is going to be listening to. Progrowth, projobs. Now, close viewers of this network know that wilbur ross is a pragmatic, crafty b
From city leaders to a social media sensation, people joined forces tonight following violent clashes between police and demonstrator demonstrators. Its the mobile phone craze getting thousands of people on their feet and out of the house. But is the pokemon go game putting you in harms way . Fox 5 local news at 10 00 starts now. Five people shot in baltimore during a vigil, several people gathered on west north avenue in baltimore for vigil when an unknown gunman opened fire. Four women and one man shot. Theyre all expected to be ok. Vigil was being held for 24yearold german who was killed during a shooting yesterday. So far, no arrests have been made in tonights to incident. We thank you for joining us im tony perkins. Im shawn yancy. We begin in the district. The Democratic National commit employee was sh block from his home, seth richs murder rattled the community. Marina mar rack company was live on the scene. I understand neighbors say crime seems to be getting worse. Reporter it
Usually, you get more volatility in a surge of volume typically at the end of the closer we will be watching not. The dow and the s p have consistently been down. 5 today. The nasdaq has not been doing as poorly. Financials more heavily weighted in the s p 500. If you look at the week in the s p 500, we had a big rally on monday and a pretty sizable rally again yesterday and that did salvage the week more or less but we also had some big down days so these big swings are back to the stock market in the u. S. If you take a look at the groups on the move today, you see here we have a little bit of green in the form of utilities. A lot of read on the screen and indeed, it is the financials and industries that are the biggest drags in the s p 500. A number of stocks falling on these regulatory risks. David mentioned Deutsche Bank. You can see those shares down 9. 5 in u. S. Trading. Exxon mobil and the attorney general new york scrutinizing not companys finances. Eric spiderman alleging th
Administration, the democrats were going to make sure he did not appoint anybody to the suprcourt. Cynthia today grassley said , after giving it more thought, he implied he wouldnt rule out Holding Hearings on an obama nominee, but would only say senator grassley i will take it a step at a time. He hasnt nominated anyone yet. Cynthia the constitution states the president can nominate with the advice and consent of the senate. Matt sinovac, who questioned grassley about the process, was not pleased with his answers. The kept repeating that we will take it one step at a time, but he tried to be very vague and continued to play political games with this nomination process. Cynthia president obama today challenged republicans to offer any plausible rationale for refusing to consider a Supreme Court candidate, and he vowed to nominate an outstanding legal mind. Stacey the man looking to unseat senator grassley comes to the Selection Process for the next Supreme Court justice. State senator
Verizon and travelers insurance. Causing the bill chips to call 45. While money went into tech with the nasdag up 28 points yesterday. Ibm reported earnings after the close disappointing wall street with its revenue and its outlook. Texas instruments is cutting eleven hundred jobs. Even thought the Company Reported a boost in profits. The wall street journal reports amazon is considering an online pay tv service. And it could be a rough commute this morning. Especially for people on the east coast following a fresh blanket of snow. Larry shover of sfg alternatives is here to talk about this earnings season. Good morning to you, we are on earnings watch. We had big blue report after the close. How likely will that effect trading today . Its according to how deep people dig into it all. Tech is a big one this week. Theres so much to decipher. The stock did rally initially after the report came out because there were some beats. But theres also some big challenges for the stock especially