Third, boy, is it ever in the way even with record numbers after a day with the dow losing 79 and s p advancing and nasdaq gaining, the last two both records. You need to understand that the government has become the one wild card in this market and does reek havoc on all sorts of stocks last fall the fed created its only personal bear market because he told us he might need to raise Interest Rates over shooting to stamp out inflation, which at the time was nonexi nonexiste nonexistent totally out of touch and crushed the market powells rookie mistake almost gave us a recession but came to his senses in january and changed course but we never should have been in that position to begin with thats what keeps happening. We never would have gotten in this mess with janet yellen. She was day to driven and understood the power of her words but even though president trumps tweets are about lower Interest Rates and maybe having some effect, i dont know. Remember what he did he sat janet yellen
Good thursday morning. We again this morning with a round up of this normornings biggest shares report. Southwest saw rising cost for fuel we talked about this the last hour it puts a lot of pressure, especially on our competitors because they toents hadont havw cost structure we have they are a lot more exposed to increased Prices Energy prices are up 20 over the last several months. That could translate into to more capacity restraint. Meanwhile dow components caterpillar 3m helping to lift the dow. You know the cap quarter in and out. Some of these bag locklogs are rising faster than they can make the machines with General Electric we have seen better than we expected the the caterpillar call is starting right,0 now 3m was much better than expected is that profit taking a surprise why do you take properties now with expensing, full expensing now on the hoe rrizon . Such a good question. Stocks are up. Traders saying the valuation is getting a stretch here well have to see what comes
Good evening. Thank you for joining us on this saturday. Im cecilia vega. A lot to get to breaking on several fronts. First that massive winter storm developing at this hour. Nearly 100 Million People in its path. Heavy snow and dangerous icy mix in the forecast. But we begin with that Measles Outbreak spreading coast to coast. 6 84 cases diagnosed in 14 states just this month. The latest case, a college student, boarding an amtrak train here in new yorks penn station, the busiest station in the country. And now, Health Officials in arizona monitoring potential cases there as up to a Million People pour in for tomorrows super bowl game. Thats where we find abcs Neal Karlinsky tonight. Reporter tonight, the measles a disease that was effectively eliminated from this country, is now on the move again. 14 states are now tracking cases, the latest in new york where tens of thousand of people may have been exposed at one of the nations busiest hubs penn station. Ron claiborne is on the trai
Good evening. Thank you for joining us on this saturday. Im cecilia vega. A lot to get to breaking on several fronts. First that massive winter storm developing at this hour. Nearly 100 Million People in its path. Heavy snow and dangerous icy mix in the forecast. But we begin with that Measles Outbreak spreading coast to coast. 6 84 cases diagnosed in 14 states just this month. The latest case, a college student, boarding an amtrak train here in new yorks penn station, the busiest station in the country. And now, Health Officials in arizona monitoring potential cases there as up to a Million People pour in for tomorrows super bowl game. Thats where we find abcs Neal Karlinsky tonight. Reporter tonight, the measles a disease that was effectively eliminated from this country, is now on the move again. 14 states are now tracking cases, the latest in new york where tens of thousand of people may have been exposed at one of the nations busiest hubs penn station. Ron claiborne is on the trai
With five other world powers and iran. The selfimposed deadline is today. It statement is expected once russias representative returns. He is sounding more optimistic about the process. One can never be sure with anything 100 but if nobody makes the stakes too high and tries to benefit or get some advantages at the last moment, i believe so far the prospects are rather good. Betty the ultimate deadline for a deal is june 30. The Prime Minister of greece is seeking support from his opponent so everybody can be on the same page on the bailout issue. He wants opposition lawmakers to biacks plan for ending austerity. We want a new agreement for development. A new agreement that must have been necessary restructuring of the debt because no country when it has a debt of 180 of its gdp can safely come out to the markets. This is the sour truth. Betty greece and its creditors are far apart. European Officials Say the proposed reforms do not merit more bailout money. Everybody complains about t