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markets before a great bull run started after that. just pointing that out. financials among the laggers today. jpmorgan chase has been down more than 1%. here s what the markets have done today. lackluster trading in the open this morning, then a move lower around noontime. it was around the time that facebook hit open. the dow saw its biggest declines there. the same thing for the nasdaq, down 27 points right now. 1% decline right now. we re at the lows of the session at 2786 and the s&p is down nine points at 1295. one hour to go before the stock everybody is talking about closes in the first day of trading, of course. we have a bet on this. remember that, bill? yes, we do. we re of course talking about facebook. the stock opened at 11:30 a.m. eastern, got a pop out of the gate. not as strong as some people predicted. it almost slipped to $38 a share, only to bounce back and to hold on the modest gains into the close. it could be the most heavily traded ipo on ....
routine permit without all this political hoopla. we re all over this story. and sizzle number two tonight, mitt romney wins big in illinois. and now the republican party is kohl lessing behind him. former florida governor jeb bush endorsed as did the freedom works tea party. now the most basic question of all, can romney beat obama. but first up this evening, let s get the lay of the land on this whole keystone pipeline. good evening, eamon. good evening, larry. president obama calls his energy strategy all of the above and is traveling the country this week in an effort to prove it. today the president appeared at a solar plant in boulder city, nevada, where he defended government investment in solar energy. but tomorrow we ll see him in a very different setting at an oil pipeline storage yard in curbing, oklahoma, where he ll deliver remarks about a new pipeline there that will bring oil to the gulf of mexico. tomorrow s visit highlights the fact that a part of tra ....
is over and maybe china is the real fed since they are putting some restraint into their system. and speaking of china, is there a currency and trade war brewing? the treasury wants this tome raise their currency, and senators smoot, schumer, and hawley graham are back with a protectionist trade threat against china. i can t think of anything worse. more on financial regulation. is senator chris dodd really putting an end to taxpayer bailout nation and too big to fail? i think he may be. retirement does wonders for good policymaking, but former fdic head bill isaac is going to disagree with me. and is the housing sector going to double dip? home builder bo eer bob toll th not, but today s housing numbers dropped. we ll get to the bottom of it with the man himself, mr. robert toll. fasten your seat belts, everybody. the kudlow report begins right now. good evening, everyone. i m larry kudlow. welcome back to the kudlow report where we still believe free-market capita ....