Have been slammed. Fed is in a bind. We have low unemployment. They are worried about the economy over heating. Janet yellen traces the congress on wednesday. Secondly, we need resolutions of political uncertainty. On the eve of the New Hampshire primary is situation is deteriorated from when we created the checklist. We have no idea who the candidates will be and the positions on both sides have hardened against business. Anyone listening to Hillary Clinton realizeses she wants to outdo Bernie Sanders in contempt for wall street which means contempt for your portfolio. Bad. Checks a real no show. Third, we need china to get ready. The stock market is closed for the new year. No check. Just a respite. Fourth, a commodity bottom. All i can say is they are trying hard. Maybe related to a weaker too early to decide at this point. Oil needs to stabilize. Crude has been trying to make a stand at 30. I dont know why it should hold here. Oil has been acting it acts better. But its not stable.
Area could flirt with 70 degrees out ahead of a storm system that will change some things by the end of this work week. That system arrives late tuesday night bringing the chance for rain and thunderstorms through the first part of wednesday. Behind that system will come a shot of colder air for thursday and friday. Late our top story this morning. A Virginia Police officer is dead this morning after being shot and on her frist day back with the department. Officer Ashley Guindon died after being shot saturday night. She and two other Prince William county officers were on the scene of a domestic dispute in woodbridge when they were shot. The altercation between the officers who and the suspect began. Police say another woman was found dead at the scene when they arrived. Meanwhile, two officers remain in the hospital recovering from their injuries. Members of the Prince William county Police Department and other First Responders lined the streets to honor the newly sworn officer kille
We have to go back to the checklist. The one i created last month told us to be careful and not be aggressive. Be a seller rather than a buyer into strength. To refresh we have been using a checklist. What could put an end to the pain. One, the fed has to give clarity about where it stands with raising interest rates. The real market has slowed since december but employment hasnt as we saw friday. Thats a big reason the averages have been slammed. Fed is in a bind. We have low unemployment. They are worried about the economy over heating. Janet yellen traces the congress on wednesday. Secondly, we need resolutions of political uncertainty. On the eve of the New Hampshire primary is situation is deteriorated from when we created the checklist. We have no idea who the candidates will be and the anyone listening to Hillary Clinton realizeses she wants to outdo Bernie Sanders in contempt for wall street which means contempt for your portfolio. Bad. Checks a real no show. Third, we need chi
Parts of the economy are too good. We no longer need to be frightened that strong earnings mean look out. The Federal Reserve will make that earnings number the last good quarter. What a welcome relief. [ applause ] as march goes out not like a lion or a bear but a bull, the dow gaining 84 points, North Carolina up. 47 . How did this happen given how bad january was . I think we need to listen to the cautious janet yellen, the fed chief with the common touch who doesnt want to bring down the economy or bring down the world. Which is what january did, didnt it . Until she spoke yesterday we had to presume the economy was like a child. When you have too much fun, somebodys going to get hurt. Yellen changed the narrative. She said things are more fragile than they seem. She may feel there is too much fun on main street but there is no party. There is just a lot of people who arent doing well and a few doing very well. Yellen doesnt want to make the have nots worse off because of the socal
Newer compact version go on sale and our man josh is live in palo alto. Josh in. Reporter tyler, im here at the apple store in downtown palo alto, you can see the store just opening now. Not the usual massive crowds for this new iphone se but the line about 20 strong and see them filing in here. The new phone, tyler, its smaller. Its cheaper. Had many of the same components as the 6s and same processor, same 4k video, support of apple pay. Incremental changes and important ones. You know, team at Morgan Stanley does think the se could help apple sell more phones in the emerging markets given 399 price point. In addition, you have that new smaller version of the ipad pro. That goes on sale today, too. Starting at 599. Apple keeps continuing to try to position that ipad pro as pc replacement. When management replaced it in cupertino earlier this month, they noted the store sold 600 million pcs out there. As for apple stock, a 10 jump in past month. On track to break the losing streak. Wh