Or maybe blithe. Its starting to get too sane win about every move that a ceo makes. The dow surged today and the s p gamed, nasdaq up 0. 9 . Taking the comp through the 5,000 level. Some of the new found love comes from a natural rotation related to the fact that the economy irrefutably is getting better. We are seeing huge almost indiscriminate moves among all the big capitalization stocks as money pours into the s p 500. We had definite green shoots in europe. And we are seeing copper in the baltic freight index stabilize and start to climb. You Better Believe this xhation can drive it up im talk about disney, united technologies, boeing. These gigantic moves have no specific news. Not at all. They just reflect optimism about the future. This weekend, Warren Buffett praised the big stocks. Could this rally be a coincidence . And buffett says if you believe in American Progress you have to own long term Great American businesses. If you dont, go buy bonds. Boo the big monies is agree
Could impact you. Good morning. Its monday, march 2nd. Yeah. New month. Im tori campbell. Good morning, tc. Im dave clark. Lets talk about weather. Steve is checking all of that. A lot of cloud cover. Our system is sliding down following more of a westerly path than the system on. Weekend which gave a wide variety of weather. Its raining in Southern California. A few breaks in the clouds. Mostly cloudy. Cool today. 60s on the temps. There is the system. You can see a lot of that shower activity is favoring areas in the pacific. Heres brian with the traffic. Were off to a decent start this morning. There are some trouble pockets if you will on the traffic look this morning. One of them has to do, westbound 580, the livermore valley. That was moved to the side. The major concern is gonna be this year. This is state route 84. Just south of 580. This is a sigalert with affecting both lanes of traffic. There was an overturned car. So a little more Police Responding to this call. They have b
We are also going to be talking to the winner of the masters. Before we get to that, how about news. We will take you to the bulletin. The top stories of the morning. It is a good day for jp morgan shareholders. Profits beat analysts estimates climbing to 12 . It is the first time that has happened. Since 2010. The of jp morgans Investment Bank said high volatility help to drive the quarter. Shares in the company are up in early trading. Good news for wells fargo. They Beat Estimates with lower rates. That helped buyers refinance debt. They are the most viable u. S. Bank. Investors do not seem impressed, shares are falling. Retail sales fell short. It was the first gain in four months. The biggest advance in over a year. Overall the figures show americans are being cautious with their wallets. Even with savings from lower gas prices. It may take a bigger boost and wage growth before they loosened their Purse Strings and hit the shopping malls. The Worlds Largest maker of Health Care Pr
Economic output for the euro area have become more balanced on account of the recent Monetary Policy decisions, but Falling Oil Prices, and the lower Euro Exchange rate. Emily draghi push back at the idea that the program could be cut short at the inflation returns to target earlier than expected. Bank of americas firstquarter results beat estimates. Profits rose to 3. 4 billion and revenue was down 5 . Noninterest expenses dropped 29 in the quarter, but some analysts were expecting to be cuts deeper cuts after litigation over bad mortgages wind down. The sec is concerning to ease limits of Foreign Ownership of american broadcasters. Just last month, republican commissioner Michael Orielly says the fcc is to permit Foreign Ownership above the current 25 cap. The Foreign Ownership issue has had an impact on streaming Companies Like pandora, which has been unable to buy a Radio Station in south dakota because they cannot prove the nationality of its shareholders. Nokia is buying alcatel.
Turn things around. After three Straight Days the market once again opened down big. Nearly 140 points before the averages rebounded. Dow declining 40 points. Nasdaq dropping 2. 7 and the s p dropping 4. 9. I call it a victory for the bulls. How did the rebound happen . First we have pieces of positive Economic Data to help the bullish costs. One of the main reasons we have been hammered has to do with very pumped data involving our economy. Soft durable goods numbers were a bummer. Soso housing starts. Weak aggregate retail sales and the drum beet of negativity thats continuing to come out of china which cant seem to deliver the growth it used to. But this morning we have positive data from europe of all places. Im talking about the european loan numbers. This matters. It shows growth in borrowing for the first time in ages. You cant get an economy going until lenders extend credit and take a chance with it. Thats what happened in europe. Any sign that things are Getting Better might