J jim, a remarkable quarter, best quarter ever for a financial. All i can say is there will be many more many better quartequarte quarters ahead. Heres what i think. Whether its the jpmorgan or the financials in general, its a barometer for the overall market. When you look at the chart for the banks or overall market we stabilized for the last month or so after that tremendous trump rally. Does it get given back before we go higher . I submit to you, no. Based on these earnings and granted were really early in the earning season, but based on these earnings this is going to be a stair step pattern through the year and what weve had over the last month is just the pause that sets up for the next step higher and earnings are going to be the catalyst that makes that happen. Josh, some wiare wondering a the banks had a great run and, if you want to use the word, they stalled because thats what seemed to happen, maybe you know. Youve called it consolidation of the gains. Yes. Does this the
Higher. Its about to get worse as a passenger forcibly removed from his plane says he is liking about to have legaling a. We have breaking news with the aptly named mother of all bombs were sent to wall street. Kayla is standing by. Reporter melissa, the president is wheels up on air force one headed to maralago hours halfthe white house dropped the mother of all bombs for the first time in afghanistan. According to department of defense, it was dropped at 7 32 p. M. Local time from a u. S. Airplane in northeast afghanistan. Just about two hours from kabul. It targeted isis tunnel complex of the set devices that operates in pakistan and afghanistan, but not the headquarters for that group, according to nbc News Pentagon unit. Nbc news says it took place in an isolated area far from civilians according to two military officials, general John Nicholson call at this time right munition for the mission that the u. S. Was carrying out. General nicholson was said to have the authority to act
Hour. What in the world is going on here. Thats what serve wondering at this point. You always have to wonder going into today who is shorting valeant because they wondered what else could happen. Today were seeing if it closes at these levels it will be the biggest one day drop ever in its history. Its down more than 40 today so you mention that restatement of its guidance on the call. This is something theyre beefing up their financial reporting. Trying to improve their communications but in their press release the next four quarters is going to be 6. 2 to 6. 6 billion. And then on the Conference Call their cfo said it was going to be 6 billion. Thats how it is written in the slides. Somebody tried to clarify and said there is a typo on our guidance. This is the kind of thing that people cannot believe anymore. Now youre seeing analysts saying we thought it was a communications issue. Maybe they were bad at that. Now we have serious questions. Now the analysts that stuck with it have
Financial district. That gun belonged to a bureau of Land Management ranger. So again, its a little bit of an eerie deja vu. Well, you can understand why the police said if you own a gun leave it at home. Dont put it in your car and lock it. Even if you think you locked it, its not safe. Reporter better to be safe than sorry. Leave it at home. Cate caugiran, thanks. A developing story out of pittsburg now. Police there investigating reports of a shooting on the 200 block of diane avenue. Chopper 5 was above the scene a short time ago. Police had taped off a section of the street near a liquor store and a church. We have calls out to pittsburg pd for details on what led up to this shooting and whether or not anyone was hurt. Earlier this week our reporter da lin told us many parents were keeping their kids home from Mount Diablo Elementary School because one third grader was bullying kids and even beating them up. After that report, the parents of that thirdgrader called da to say, yes,
Mad money, squasquawk on the stree street. That plus avatar in 140 characters pretty much sums up everyone these days. And i want you to know more than that, although it did take me two years to learn that avatar wasnt a movie and a hashtag wasnt a number sign. What i want to do tonight in an extremely special and personal show, even by my own wacky standards is trace the arc that brought me to mad money. Not for some autobiographical ego trip, but to give you moneymaking lessons from the faces of my various careers and how you can profit from them. Remember, in the end, this is cramerica. In short, ill give you the skinny of how i learned to be a good investor and how i continue to learn every day, so i can help you continue to learn better than i am or ever will be. Lets start real early back in the time machine. My love of stocks didnt begin after law school or college or even high school. My love for stocks started back in fourth grade. Thats right, fourth grade. My dad would bring