Good morning weve got a big show this morning joining the conversation fox business megyn mcdowell and tom bevin and pollster of partners author of persuasion lee carter the great to see you. A lot of news to talk about today actually first lets talk about futures in china. Because markets are up this morning pointing higher this morning, a gain of start of trading gets because of some optimism over potential deal with china. China said it is going to raise penalties. On i. P. Theft surveillances major point of the negotiations with states and continue trade talk last week this has to be a positive. I think a lot of people are feeling this. But do we believe this . That china is, in fact, going to enforce this that ip theft is against the law . This is not even a trust that verify situation because we dont have any trust with china baked into their Business Model with i. P. And you know theyll have to prove themselves i think before anybody believes theyre going follow through on this.
Somewhere, and i promise to help you find it. Mad money starts now hey, im cramer. Welcome to mad money. Live from minneapolis. Other people want to make friends. Im just trying to make you some money. My job is not just to entertain but to educate and teach so call me at 1800743cnbc or tweet me jimcramer. We got rocked today. And we need to talk about the significance of this break down. By no means was this a garden variety selloff. Not some shrug your shoulders no harm no fall selloff nasdaq plummeted 1. 96 how do we get hit with such a brutal decline if you are experiencing such a placid multimonth rally, tonight we are live so i can explain how it happened. I am going to take advantage of the fact that we are out here in minneapolis for the super bowl and talk to a couple of guys so you can put this in some sort of context. First, before we delve into the proverbial bears belly, we must never forget that we had a terrific run in the stock market the rally brought a huge number of
The cape. A couple breaks in the cloud cover. Most of that is further to the west. As we head into the rest of the day, i think we will see peeks of sunshine this afternoon. Especially into later afternoon. But most of that sunshine to the west. We do embark on mild stretch of weather. High pressure scoots from the west and were actually looking at mild temperature more sunshine by tomorrow. Already in the low 50s now. 50 degrees in beford. Worcester chillier in mid 40s orange in the upper 30. You can see lots of 50s here highs to w midtoupper 50s for few of us that do see sunshine and into tomorrow were close to 60 degrees through much of the viewing area. The coast will be a hair cooler. You can see whats headed our way. Temperature drop and we are looking at much cooler weather headed our way shortly. Those details after the break. Time to check on the traffic situation. Lets go over to danielle gersh. Hey, daniel. Good morning everyone. Heres a look at expressway. Its slow in best
The cape. A couple breaks in the cloud cover. Most of that is further to the west. As we head into the rest of the day, i think we will see peeks of sunshine this afternoon. Especially into later afternoon. But most of that sunshine to the west. We do embark on mild stretch of weather. High pressure scoots from the west and were actually looking at mild temperature more sunshine by tomorrow. Already in the low 50s now. 50 degrees in beford. Worcester chillier in mid 40s orange in the upper 30. You can see lots of 50s here highs to w midtoupper 50s for few of us that do see sunshine and into tomorrow were close to 60 degrees through much of the viewing area. The coast will be a hair cooler. You can see whats headed our way. Temperature drop and we are looking at much cooler weather headed our way shortly. Those details after the break. Time to check on the traffic situation. Lets go over to danielle gersh. Hey, daniel. Good morning everyone. Heres a look at expressway. Its slow in best
After prosecutors argue dimasi is deathly ill and serving the rest of his sentence for corruption is not necessary given his grave condition. The 71yearold has been diagnosed with throat and Prostate Cancer while behind bars. He has had treatment in prison and is in remission. Side effects of the health care has caused a narrowing of the esophagus and creates a risk of choking while he eats or drinks. The u. S. Bureau of prisons says it is difficult for him to function in prison. Dimasi was convicted of he has served five years of his eightyear sentence. In the last hour, current Massachusetts Senate president Sam Rosenberg tweeted out im very pleased to learn of the coming compassionate release of sal demacy. I wish him and his family a joyous homecoming. Also, the current speaker of the house also put out a comment basically saying that dimasi and his family have christa right now we have some breaking news in newton. Fire crews have responded to a Hazardous Materials situation at th