Two years ago today. What prosecutors say about the man at the controls. And Trump Supporters come together tonight in virginia amid the fire storm surrounding the white house and the fbi. News 4 at 11 00 starts now. And hello everybody. Storm team 4 radar smothered in green. Heavier rain rolling in and sticking around overnight. We know it is going to effect your saturday. Doug kammerer has been going over the latest timing. He starts us off. When is the rain going to move out . It should move out around early tomorrow morning. It is definitely raining tonight. Way to go wizards. That was awesome. Take a look at the radar. Storm team 4 radar showing exactly what is going on. We have rain heavier including heavier shower activity along i81. Everybody you note ths back edge to our west. We have a few more hours to go before this gets out of here. What do we expect . Running through the Morning Hours a cool saturday. Not a very nice saturday. A warm mothers day. We will talk about mother
Welcome to squawk alley. Jon fortt with mike kantoly at post 9. Kayla has the morning off. Jop jo jon . Lucky number 13 for the markets. The blue chips marching towards 20,000. In case you were counting, 42 days till donald trump becomes president. Will this trump bump lift all or hiding future risks . Joining us are Brian Jacobson and here at post nine john stoltz, oppenheimer asset managements chief investment strategist. Good friday morning. Good morning, jon. If im not mistaken, john, your projection a year ago for where the s p would be right now is right about where we are. What do you make of this trump rally . Was it going to happen anyway or is it worse off than you had expect smd. Our expectations had been that the s p 500 would cross 2,300 in 2016. But weve certainly gotten help from the election of donald trump. Theres nothing like projections of lower taxes, of reduction of regulation as well as prospects that were going see some significant infrastructure spent to get the
Positive as youll see right there, but not too much. Although uk actually having a fairly good morning. Japan not so much. Problems toshiba certainly weighing on that market. As for our tenyear note yield this morning in crude oil, which we always like to show you, 2. 556, and wti up ever so slightly. David, our road map for the hour begins with the dow on the edge of market history again. Futures higher. Will today be the day . Plus, some new Holiday Spending data suggesting a late december boost. Wall streets top picks going into 2017. And amazon crowned ever cores top internet pick. Did the company do enough to win christmas though . But first up, the trump rally, thats what we call it now, and the march to dow 20,000. That continues for yet another day. Futures as you just saw are higher, certainly would indicate we will be close at the open. The dow aiming for its eighth straight week of gains. And, well, what else, of course another tweet on the markets from president elect donal
Squawk alley. Thanks so much, jackie. 10 00 a. M. At sprint headquarters in oberlin park, kansas, 11 00 a. M. On wall street and squawk alley is live. Good morning. Thanks for join us on squawk alley. With me at post 9, mike santoli and kelly evans. Karla and jon have the morning off. We start with the markets on this thursday. The trump rally taking a bit of a step back as we continue to hover more than 100 points below dow 20,000. The blue chip index coming off its second tripledigit loss since the election. Major averages are fractionally in the red, mike. The s p down less than one point, ritch etting stuff here. Yeah. Struggling to tread some water. Weve been doing that for about two weeks. It reminds me of in august and september we had that really strong rally on the post brexit reaction and the market sort of flattened out near its highs. We ended up kind of going down about 3 i think high to low. Wasnt a big, dramatic move but after a while when you lose those thrusters pushin
See sunshine breaking through in the next couple of hours, and the strong gusty wind comes through. 36 in hagerstown and winchester. 38 degrees in annapolis. As we look ahead over what will happen this afternoon, temperatures will stay steady or fall with breaks of sunshine and strong, gusty wind. The weekend will be cold and breezy. Wind chills in the Single Digits tomorrow, eyes only in the 30s. On sunday, and chances of a coastal storm developing monday night into tuesday. Town, Suzanne Kennedy found snowflakes falling in the hagerstown area and she has more from storm trak 7. Suzanne the first day of spring maybe just 10 days away but it certainly feels like winter. Take a look at the snow they have had falling for a couple of hours in hagerstown, sticking to cars and the grass. Just a dusting, it is definitely on this hill we have definitely just a dusting. A lot of people were surprised to see the snowfall. They thought it might come but were hoping it would not. People in hagers