Central Bank Meetings later in the week. In advance of that theres not as much trading going on. Were seeing volume on the s p 500. About 15 below the 20day average. Were not seeing a lot of action here today as people are amazing those big news events. Also trying to figure out how to get into work tomorrow. If you look at the range in the s p 500, youll see that we once again see this tightening range for the s p 500. Now on the 103rd day that the s p has gone without selling at least 1 . Also related to the weather, were seeing some movement in the airlines. Downward movement as American Airlines cancels all of its new york city flights for tomorrow. And you can look at american, u. A. L. , and delta all trading lower. Flight aware dotcom reports that nearly 1,400 flights have been canceled today and 3,800 tomorrow. Not just new york city but boston, philadelphia, chicago being affected by some of these cancellations as well. Well continue to watch the airlines. Getting outside of s
Me jimcramer. Can you believe ive come out here for 12 years telling you hey, im cramer and i got a oneman show about business . Oneman show about business. Every night for 12 years for heavens sake. In tv thats like 100. In a day where the dow dipped 44 and s p declined and nasdaq lost. 32 , i thought we should use this Anniversary Show to talk about what ive learned from you. After all, this is the most Interactive Television show in the world. I take calls in the thing, darn it. Weve listened closely to what youve asked and you know what . We had to change over the years to meet your investing needs. Most important thing weve learned in the last dozen years, weve learned to teach more and pick less. Back when we started the show, we used to do a ton of stock picking. Look, it was a raging bull market. People wanted ideas, so what did i do . I obliged. As the show evolved, though, we recognize picking stocks was less important than teaching you how to analyze the stock. We needed to
Good morning. Welcome to squawk alley. Im jon fortt with post nine, sara eisen and wilfred frost. Worldwide alley we can call it this morning. Like it. Squawk exchange. Lucky wilf another hour with me. Meantime top story stocks tumbling here you might have caught early in the premarket action this morning after Trumps Health care fail. So whats next for the markets as it weighs its next step in washington . Joining us now to discuss it, terry haines, evercores isi political analyst. And joining us ceo of labenthal holdings. Welcome back. Thank you. Lets start with the narrative in the markets that the first test of the trump agenda doesnt bode too well for the next pro growth policies like tax reform and infrastructure. Is that right . How are you telling your clients to trade it . Well, what were telling clients is the story is still to be written. I think this is a stumble and not something thats irreversible politically. But congress and trump have about four to six weeks to execute
Since the aca was not repealed. Lets get to the road map and now it starts with tackling taxes, the president is looking to rally republicans on a tax reform strategy. And plus the Global Markets are down on signs of a stalled trump agenda. It is on track for the lowest losing streak since 2011. And premarket, after five top analysts issued bullish ratings on snapchats parent. Global markets are moving lower on the pulling of the Health Reform bill and how it can impa impact President Trumps pro growth agenda. Yesterday on nbcs meet the press the president s budget director mulvaney described why there was a rush to pass Health Reform legislation. Heres the hurry. Theres a lot to be done. We needed to get rid of obamacare. We needed to fix the system so we could help folks back home and then move on to tax reform so that we could help people get back to work. The president wants to do a lot of things and is not willing to do what other politicians would do. And here we sit of course to
1 . The ten year yield is at 242. Were watching oil closely. Getting back above 50 a barrel for the first time in a while and holding above that level. This morning our road map starts today with an historic quarter. Futuring pointing to the lower futures pointing to the lower open as we said but stocks are setting records for q1. Plus, President Trump to sign new orders aimed at combating Foreign Trade abuses today. This as the white house prepares for a meeting with the president of china next week. And after lululemon shares plummet, hear what the ceo told jim about turning around the companys sales. The first three months of the year belong to the bulls. As we head into the final trading session of the quarter the s p 500 is up almost 500 on pace for the sixth consecutive positive quarter. The same for the dow. The big winner is the nasdaq up nearly 9. 9 after closing at a record high yesterday. Jim, the dow is set for its longest quarterly winning streak in ten years. Yeah, look,