Windy conditions by sunday. Also to note, another weather system is moving into the valley by sunday. As it stands chances for rain are looking slime for the Las Vegas Valley but we could squeeze out a shower or two in the mountains sunday. Winds sunday afternoon could gust as high as 35 mph. Developing this morning this fire continues to burn its is a trash fire burning in a ravine. The flames broke out around 5 30 last night. Its burning about a quarter mile away from homes and buildings. We spoke with a young guy who lives nearby. Watching the flames grow. It looked all orange and you could see the glare of the henderson fire says. Theyre going to let this one burn out on its own. Because the flames arent threatening anyone or anything. Many motorcycle riders are in fact responsible on the road. But there are those. That are willng to risk everything. In pursuit of social media fame. News. In the video we see a man who is leading police on a high speed chase, while broadcasting live
Bonanza. Shares are rallying after passing the feds stress test. Is this battered sector now a bargain . The dow surging 284 points. Both the dow and s p are now positive for 2016. This marking the best twoday stretch for stocks since february, as crazy as this may have sounded, monday morning, are we on track for new alltime record highs . Dan aiken, ill go to you first. I think its very unlikely. And my point has been very consistent throughout the course of 2016, that i think that the path of least resistance is no longer higher. I think you get these very sharp reversals that you have all of false spikes that have been lower. They have not been higher. Yes, a reversal does speak to the fact that youre getting some momentum back, but we have not been able to make a new high since may of 2016, and ill just say this, this is the s p 500 in particular, you know, i think the s p is becoming a very crowded trade. I think its become a safe haven trade for equity investors, globally here.
Back after the tenyear hit a sixmonth high earlier in the session. We talk to pimco chief officer scott mather in just a few minutes. And treasury yields across the pond as well have had a huge gain. Also that picasso painting sold at auction last night, a record 179 million. Economist norle ra lle lle Nouriel Roubini will be here. He thinks some people use expensive art as a form of Money Laundering, unquote. Hes at it again. Hes dr. Doom of the art market. With an hour to go in the trading session, the dow is down about 18 points. Again, fall back into positive territory. An ounce of downward pressure only a little bit. The s p and nasdaq giving up 0. 2 right now. 4 points and 10 points respectively. That level for the nasdaq 4983. Lets talk about this in our Closing Bell Exchange for this tuesday. Chris ressler is with us rob morgan checks in from sethy financial and Kevin Guinness from Raymond James is with us so is ken moret. Kevin, youre head of fixed income there at Raymond Jame
The fed chair will be testifying before the Senate Budget committee this time, starting at 9 30 a. M. Eastern time. She told the join the Economic Committee the economy still needs plenty of support and that the markets are not in bubble territory. Valuations are in house torq historically Interest Rates are historically low. That feeds into the valuation. Theres that linkage. There are pockets where we could see valuations in smaller cap stocks but overall, those broad metrics dont suggest that we are in obviously bubble territory. In reaction to her comments, the dow managed a triple digit gain, closing at 16,518. The s p 500 also picked up ground adding ten points. The nasdaq, though, dropped 13 points. The nasdaq looked worse earlier in the day, though. You did see much steeper declines. It was boosted into the decline of 13 points by the end of the day. The futures right now, youll see at this point dow futures are indicated higher about 13. 5 points, nasdaq up by 2, s p up by 1.
Top officer. He is the vp of product joined in 2000 five and helped develop the news feed. Facebook said he has been instrumental and will continue to do the same as cpl. Oogle makes an acquisition google is buying londonbased a Company Founded by a former executive. Rangespan better predicts customers demand. Terms were not disclosed. Steve ballmer is microsofts largest individual shareholder after bill gates sold. He has ballmer has about 300 million shares. This is after balmer stepped down as ceo in february. Bill gates stepped down the same day. To our lead story. In washington, the president of big data proposal and changes that could have a huge impact on technology companies. The changes range from how Companies Report cap hack attacks. President obama requested a report in january after the own programs were released. Our washington correspondent megan hughes joins us with more. Walk through the report with us and the major highlights. Interesting, the president just wrapped u