Time in history. Instead it rallies to new highs dow gaining 256 points s p climbing 1 . And while that may seem crazy, theres actually some very good explanations lets start with the negatives, though first there was this mornings tweet from the president , meeting with chuck and nancy today, of course, chuck schumer, nancy pelosi about keeping government open and working. Problem is they want Illegal Immigrants flooding into your country unchecked. Are weak on crime and want to raise taxes substantially. You know at most times the story like that about a potential Government Shutdown would have sent the stock market into a complete tailspin. Government shutdowns are synonymous with lower stock prices even if the democrats hadnt canceled their meeting the rally over this could take weeks, months secret that tends to weigh on the stock market. But not this stock market. Instead we rallied on the news why . Who knows. Maybe it signals that the republicans dont need votes to keep it fund
Nasdaq with. 46 i can do best sometimes but sometimes it isnt enough. This morning i saw action that was so destructive that i wanted to scream but i guess its only natural. This is earnings season and people cant resist making snap judgments. Snap judgments that lead to stupid decisions and losses. Let me share the obvious ones to show you how truly block headed earnings season can be. They might as well call it mistake season for all the ridiculous moves people are making. Im stopping it tonight. Jp morgan and wells fargo along with Johnson Johnson all reported today and the action in their stocks exhibited a level of lunacy. That suggests that people trading them were just totally clueless. Lets start with jp morgan. This was a truly magnificent quarter with 6 billion worth of profits. Yes, thats b. 6 billion including those no longer eaten up by legal bills, a sizable cut in branch expenses, a beautiful capital bill and an astounding 27 increase year over year. This was a staggerin
We are standing by for the White House Press briefing, sean spicer returns to the podium for the First Time Since the firing of james comey. The president shocking many this morning by tweeting, considering stopping having press briefings and issuing paper statements instead. America waiting to find it out if the president was just making a bad joke. That pressure expected live right here. When it begins, we will take you to it. To your top money news. Today, once again, the continued decimation of retailers and their investors money. Today jcpenney and nordstroms. Not impacting your Broader Market investments. Three major indexes are little changed. The dow down a scant 31 points. A little more good news for your money on this friday. Shares of apple and mcdonalds hitting new records. Owner of darden doing well as we bulk up on pasta. Right now lets get back to what appears to be the sad new retail re reality for investors. Jcpenney wiping out hundreds of millions as sales disappoint.
First foreign trip. I would want to bring general mcmaster to preview what we are doing for the president s trip. We will next week brings the general back and give you a more detailed update as to what the president is going to be doing in each of the areas with highlights from the trip. I will obviously additionally have background briefings for you as well, to give the team from the press corps some additional updates. Without further ado, general mcmaster. Yes, i will be glad to take your questions. In fact, if you would like, you get to go first today. Happy mothers day weekend. As you know, in one week, the president will embark on his first trip abroad since taking office. Today i would like to spend the president s objectives for his visit to the middle east and europe and also preview a bit of the schedule. The trip has three core purposes. First, to reaffirm americas global leadership. Second, to continue building key relationships with leaders. And third, to broadcast a mess
First foreign trip. I would want to bring general mcmaster to preview what we are doing for the president s trip. We will next week brings the general back and give you a more detailed update as to what the president is going to be doing in each of the areas with highlights from the trip. I will obviously additionally have background briefings for you as well, to give the team from the press corps some additional updates. Without further ado, general mcmaster. Yes, i will be glad to take your questions. In fact, if you would like, you get to go first today. Happy mothers day weekend. As you know, in one week, the president will embark on his first trip abroad since taking office. Today i would like to spend the president s objectives for his visit to the middle east and europe and also preview a bit of the schedule. The trip has three core purposes. First, to reaffirm americas global leadership. Second, to continue building key relationships with leaders. And third, to broadcast a mess