We just experience. It is. We have seen three times as much snow on average. All of it has a huge Economic Impact especially on the airline industry. In january, we saw an incredibly number incredible number. We have seen an Economic Impact sales figures were impacted in january due to the cold weather. Impact on people going out and shopping for cars. His shadow. Il saw this is obviously happening. Weekend . E expect this will it continue like this throughout february . Serious, real data. I would like to think i am more accurate than the groundhog. We are looking at a long winter so far at least this week. The first week of february, three storms in one week. One came conveniently after the super bowl, was fans are happy about. That one that canceled 2000 fights on monday when people were trying to get back. Another one today and it possibility of a third storm on sunday. Predictions have been all over the place. It is still a few days away so it is difficult to call. I do not want t
Where the dow was down, the s p down, these days are made for you. First lets discuss money saving tactics before we address profit making strategies. For as long as ive been doing this show, ive been astounded by how bullish people get at the opening bell on mondays. Its like they cant contain themselves. When we have an up opening where the s p futures are going higher, moving all stocks reflecting the collective wisdom of a bunch of hot spurs, people cant resist paying up above what they need to do. Do you know how many people decide if repeatedly buying high on a daily basis that the whole exercise isnt worth it. We call this the pickoff. Youve been picked off by paying up on a day like today or because spring training hasnt started yet and were in the heart of the playoffs. My describe is get rich carefully, my new book. I can tell you that the vast majority of times, a real preponderance, not some pl plurability, why does this elude people . There is a natural belief that the tra
Billion outflows were posted for last month. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Hello and welcome to todays edition of Worldwide Exchange. Its hump day. Were going to be halfway through the trading week during the program. As for where we stand right now in europe, one hour into todays session, advancers just about outpacing decliners, the Dow Jones Stoxx 600 by 5 1 2 4. Some kind of ratio like that. The ftse 100 yesterday was up, what, 0. 8 . Were up at a threeweek high on the ftse. Today, about 0. 1 lower. The xetra dax is up 0. 2 . The cac 40 is flat as is the the ftse mib, as well. We take a look at bond yields. The 30year up the yield at 3. 62 . The tenyear, 2. 76 . Auto sales surging from march a year ago, the ism factory, just shy of what we were looking for. And well keep our eye on gilts, as well. The construction pmi is coming out around 28 minutes time. On the currency markets, the yen has been down to a oneweek low
What is being done and perhaps not being done. Here are the numbers. If not by sound, you can send aus a tweet. You can post your comment on facebook and you can send us an email. We look forward to hearing from you. Here is one of the headlines this morning in the Huffington Post theyre talking about congressman Harold Rogers, the republican of kentucky who chairs the Appropriations Committee. Writes about this as well. Russell permanent shares the byline and joins us by phone. Burman shares the by line. Guest pretty interesting day in the house yesterday. They were considering a House Appropriations bill to fund the department of transportation and housing and urban development. This has been a key bill implementing deep cuts offered by congressman paul ryan. They effectively pulled the bill from the floor, saying they did not have enough time in the week left before the august recess to complete it because of amendments. Said they hope to bring it back after the recess. Then we solv