busiest trading days of the year. volume ubl expected to surge in the final few moments of trading because the russell indexes go through their annual routine of adding and removing stocks. big russell rebalance. is there a way for you to invest in this big of mo laterve later today? jim yurio, we got three hours to go now. i guess you have to be a short-term trader to try to make money on the russell rebalance. should anyone even try? i think the answer is somewhat complicated. i think in years past there was probably money to be made on this day of the year. it is kind of like a high-stakes wall street version of the purge. probably $50 billion notional value of stocks will trade places. now the fact that schwab in march was telling its retail clients to buy some certain thams that were expected to be added to the russell, then potentially sell them off in june to me means that that end of it is probably a little bit played out. what i think is probably a better way to
matter of if it will snow. more like how much it will snow. you never know snow is on the way if you stepped outside. temperatures in the upper 40s right now in some spots they are only going to continue to climb overnight. in fact tomorrow we could shatter records forth. maybe eek tee it up. i m iain page. i m lucy noland. crazy out. warm enough a lot of folks are ditching their heavy coats and gloves. they ll be breaking out those shovels in many cases for the first time this winter. let s turn it on over to meteorologist kathy orr. kathy, we ve got one jam packed 24 hours in front of us. the storm wasn t even on the weather map a couple days ago. right. now all of a sudden it s like, poof, surprise! it s going to be the tale of two seasons. we ll feel like spring tomorrow and then back to winter in a huge way win about 12 hours. ultimate doppler you can see this front moving through. and that s going to come through tomorrow. but ahead of it a lot of warm air. that s
the yen soaring on the news. does that excite you? with kelly here. kelly can yes she loves currency stuff. it s crazy. talking about 108? just the move. look at that chart. i don t have a lot of insight. but i think it is remarkable that it can get whip sawed like that. everybody piles in thinking it can only get weaker and then here we go. live by the sword, die by the sword. anyone putting their foot on the accelerate anywhere around the world is usually a boost and i thought really? this causes us to go down? well the turnaround for japan. it was interesting when they did the negative rates thing in the first place. and everyone s trying to do the same thing. but it was that moment they went negative you actually started to see things go the other way and it hasn t stopped since. when they go negative. politicians do that a lot. they promise to not do that. i have to say two things. can i compliment you this morning on two things? the tie and the haircut
on what we re seeing on major heat waves. we ll be exploring the markets all afternoon for the next two hours and beyond. let s get more now on today s slide from bob pisani on the floor of the new york stock exchange. bob? hello, tyler, and what we re seeing is a little bit of a reversal of some trading trends, specifically around the dollar and also to a trading around the dollar. modest rally. look at the dollar index moving down all throughout the quarter here. the lows recently. that s reversed a little bit today and some people are debating. the dollar may have bottomed and that may have factored. energy financial materials were weak today. you know what the market leaders are. energy financials and materials this quarter and a very specific reap. those are cyclical stocks. very specific reasons why cyclicals have done well this quarter. let me show you the q2 trade, the trade everybody is doing. you have the weaker dollar and combine it with a stable china and you
of lock towns throughout the city. traffic wasn t as bad as i expected. a lot of people took head of the warnings to stay clear of the area. first let s get to the markets. check out the futures this morning. you ll see big gain across the board. right now it looks like the dow futures are up by 250 points. the s&p futures up by 24 and the nasdaq up by 52 points. she said it would likely be appropriate to raise rates if near zero in her words sometime later this year. the understanding we had when she spoke last week after taking q and a and stuff it seemed like a very dovish excuse at that point. markets have sold out since then but yesterday it sounded like it was full speed ahead and they would like to raise this year. we never know cause and effect because everybody has different opinions. it looked to us like they had big down days. that would have been a switch from the markets rallying every time we heard that would have been a switch. i can think of what you ve