Going to be a pretty nice day with a bit of high thin cloudiness every now and then. Southeastern massachusetts pretty much on cue here as the forecast has been calling for the last couple days. The very rare situation where a system babbing in especially a tropical system. Its not to say its never occurred but not happening very often. So its down here and throwing some bands of rain and winds our way. Strongest winds later this afternoon and tonight. Seas will be building and so we have dangerous rip currents out there for today. And the high tide is coming not expecting much of not expecting much of coastal flooding. A snapshot and loop showing cloud cover backing in but the rain is not even nantucket but getting closer and it will move onshore eventually. So nantucket gets the rain first and then pinwheels northwestward boston may have some by late this afternoon. Aid cool start to the day. Some its a cool start to the day. Theres going to be more and more sunshine out in western h
It is up 200 plus points because being cheered on by the reserve requirements in china. This is an internationally lyly oriented market right now. Is that the idea . I apologize if im repeating anything. Bill pointed out the dow is up 217. Lets skip straight ahead to the Closing Bell Exchange and introduce our guests. Joining us at the top of the hour to kick things off. We have price heedley, kate warren from edward jones. And our very own rick santelli. A welcome one and all. Anthony chan the big news this weekend, we have to talk about a china rate cut. The u. S. Central bank the japanese, whats the message to investors. Central banks all over the world are coddling Financial Markets, coddling the overall economy. Thats one of the reasons we dont get big corrections anymore. We get mini corrections. Right after the chinese announcement on friday that they were going to go ahead and restrict margin trading. The analysts warned and said the Financial Markets would melt down on monday
All of that and more over the first, lets get the headlines from su keenan. A big story in the news, gm announcing after it the bell the recalling of 1. 4 million cars in the u. S. To fix the power steering issues. This is one day before Ceo Mary Barra is set to testify. In washington. She will face total recalls of 750 million cars. They had previously announced a much lower figure. Janet yellen announced that they will move fed stimulus for some time. She says that it will continue to do what needs to be done, even after Holding Interest rates near zero for more than five years. Those are the top headlines. Back to you. Pimm . All right, thank you very much, su keenan. Investors have shifted their focus to caterpillar. Michigan senator carl levin has released a nearly 100page case study on manufacturing operations and why it may have been done in the worst place. Phil mattingly did the report. He joins me now. Phil, so what did senator levin and the reporters find . Senatore no stran
Together. Kwaer very excited to have them join us this morning. Tweet us with questions from them, as well. Joe, back over to you for some headlines. Okay, becky. Ill read these headlines with maybe a little bit of an echo. I mean, im its like so alone here. But, you know, its okay, i guess. Youre kind of with me, right . Hey, joe, guess who i have with me. Besides warren . Yeah. Can you take a shot, jerry . Oh, i know, i know, i already asked. Ive already asked for mac, yeah. You know how that take a shot of yep. Hi, joe. Ive told you, he completes me. Ive said that to him before. Yes, thats why i took him. Is it a leaky roof . I never know what it is. Sick dog, what is it this time . Its okay on, but i found out he was with you and at least hes doing something. Right. Usually hes just you know, let me get on to these stories here. I almost said some anyway, the major story dominating the markets are morning is coming out is ukraine. Russian forces have seized the Southern Area of cri
Closing high. Tyler, just thinking about that, that was april 30th, our 25th anniversary and see if we can do it again today. I think the s p is trading at record high closing territory. Meantime, a heavy duty lineup on closing bell. Exclusive interviews with cant fitzgerald head and two friends who started with 200 have a brand worth millions. And will housing turn out to be a bad investment over the next decade . Kevin oleary says yes. Hes here to make the case that youre better off renting right now than owning a home and wait until you hear why. Heres where we stand in the markets. Tyler mentioned the dow is up a couple of points to 16,729. Still 15 shy of the record closing high. Take a look at the nasdaq which after underperforming for the last couple of sessions is trying to add 15 point today and the s p 500, keep a close eye on this one. The record high is 1924 just about, and were trading at 1926 right here with about an hour to go, tyler. Lets talk markets. Joining our Closi