called powering the midwest. we knew in the 90s that renewables were ready, that energy efficiency was ready and we needed to make a transition. so, a couple of years ago, we had been working on fracking at food and waiter watch at as the first national group to call for a ban on fracking, and i started looking at some of the statistics about how far we had come with renewables since the mid-1990s when i worked on this project. and it was stunning. as of 2015, only five percent of our electricity is generated from solar and wind energy. we need to do so much better and, yet, here in a state like massachusetts, where you re not really suffering from fracking, but you are suffering from all of the infrastructure to really promote fracking and allow it to expand. so, i decided to write this book because you really need to know where you ve been to know where you re going, and i wanted to see how we d ended up with this mon knoppizeed oil and gas industry that has so much powe
nasdaq declining 0.56% i don t think it s over. it s just morphing into other areas not yet picked over, which is what happens when much of the s&p 500 is higher and the russell 2000 index of small capitalization stocks goes up for an astounding two weeks in a row. i can t tell you how rare that is. sure, you heard people say maybe trump s appointments will bring things down, or maybe his trade policy could cause a backlash or the media won t let up on him and the recount story might make waves, or the dollar has been too strong since the election, and trump s meddling in the affairs of the united technologies indiana carrier air conditioning plant is just the begging of how he ll interfere with business. or even that his reaction to the death of fidel castro with a couple of hardline tweets is just to flaky to gain. but honestly, i heard nothing that stuck. nothing is going to repeal this changes in tax policy or the potential defeats he might suffer in congress or the pro
168 points to the down side. at the lows we were down about 185, 186 points. so we re off the worst levels of the session so far. but an interesting carry through from yesterday s trade when it was all about the fed minutes and the idea. the possibility of a june rate hike from the federal reserve and that really drove markets kind of a little bit more towards the volatile side. today, most is to the down side in terms of moves. you can see they re off by 1% for the s&p 500. utilities and staples have taken up the lead if can you call it. that up about a quarter to a third of a percent. they re showing signs of life here in this particular down day. the financials are interesting to focus on because so many of them, including regional banks, were such big gainers in yesterday s trade. on the idea that interest rates could rise on the longer end and the shorter end and maybe expand the yield curve and give them a profit margin. the net interest margins, you ll hear traders t
straight day, we saw a biggerly sale off that was followed by a big recovery as investors grapple. we re asking a simple question on the show tonight. how can you fed proof your portfolio if they raise or don t raise? guy? that is the question. you have to answer the question, do you think they are raising for the right reasons or raising because they boxed themself sboosinto a corner. i think the latter. i don t think because the economy is getting better. a lot of the data was in a word lousy. is that is, in fact, the answer you stay low in the bond market. a huge sell off yesterday and didn t perform that well today but i still think what is happening here is the front end of the curve is going higher. the back end is going lower and i think you stay with that. you re saying regardless of what they actually do, the economy is weak and therefore that s my opinion. right. of course. the folks at home have to answer that but that s what i think. grasso? was it
a roadmap continues with the retail wreck continuing, gap, foot locker and ross stores all on the move after earnings. and more on the latest on the disappearance of egyptair flight. first up, stocks are poised to open higher a day after the s&p touched a two-month low on concerns the fed might hike rates next month, or in july. the dow and the s&p on track for its fourth consecutive weekly loss, that s the first such streak since october of 14. the nasdaq on pace for its first five-week streak in the red since 2012. yeah. interesting to put in perspective the month we ve had. money pouring out of the market worse actually, these guys talking on squawk box worse than 2008 and 2009. people concerned it s not just one hike, it s multiple hikes. i don t know how that conversation comes back on. that s scaring people. earnings just so-so. geez, it s just kind of a subpar picture, i think. really? even with the economy essentially the fed saying it s essentially s