Wind down. The ten year is still stuck around 2. 24. Opec is trying to deliver some more cuts at the meeting on thursday. Our road map begins with a major shakeup in the auto business. Ford firing ceo mark fields amid investor ease about the stock performance. Plus, middle east deal maker in chief President Trump is in israel this morning. This after signing a record arms deal with saudi arabia. Boeing, black stone and ge among the big winners. And the path to 1 trillion. Rbc saying that apple has the potential to become a trillion Dollar Company within 18 months. First up though, changes at ford, the automaker announced that mark fields is out as ceo and that fields has chosen to retire. Hell be replaced by jim hackett, the chairman of Ford Smart Mobility division. Hackett has developed a reputation as a turn around specialist. And shares of ford have fallen more than 35 . The company has scheduled a News Conference for 9 45 a. M. Eastern time. Being called a retirement, but we can re
There are barricades and bleaches put up as we speak. There are metro stop and the street cornerrers. The concrete barriers that many of us are familiar with. Many more. Not just those locations but around interestingly the parking garages. They want to make sure the people can drive the vehicles inside the secure red zone. Nevertheless there are many people coming to the capitol. They want to be here. They will be on alert but they are hoping for a good time here. This is a scary reality of how the world is now. I dont think we should stop living the way we do. Coming from new york september 11. We always look over our shoulders. That is her first visit ever to washington, d. C. She says yes, ill beaw prevent me from coming here. Coming up, we will speak more with the family about the feelings about being here. Back to you. Jonathan thanks. When donald trump enters the office he will have the lowest favorability rating going to jimmy carter. 40 according to a new abc News Washington p
It wasnt a big deal. Thats when the woman called police. We were able to execute a search warrant, locate a film and charge him appropriately. Reporter a spokesperson for the University Says theyre aware of the charges and says he no longer works with gmu and theyre cooperating with the police investigation. He has the background. He knows that should be wrong. So obviously theres some issues there. Reporter even though students wont be seei seeing feldcamp around campus anymore, theyre still shocks that one of their professors was arrested. Yeah. That shouldnt happen at all. I dont understand why someone would do that. Its just kind of creepy. Reporter weve made several attempts today to reach out to james feldcamp but he has not returned our calls. We head over now to storm team 4 now with a dreary day, another one, folks, all around our washington region. But the rain is starting to milder air moving in. In fact, temperatures are going to be climbing. Well probably get our warmest t
9 rally in the nasdaq. So its pretty reasonable to get some profit taking now that the Second Quarter has begun, isnt it . The selloff this morning was totally natural, and its something that needs to happen to shake out the weak hands, build a better longterm Shareholder Base for the bull. Whats unusual is the strong rebound we got this afternoon, which only allowed the dow to close down 13 points, s p to climb 6. 2 . Some stocks moved up gigant gigantically, especially the nasdaq stocks, at the same time, the economy may have had a weaker march than we would like. Perhaps because of the lack of progress in washington. So at the very least, we should probably give back some of these big gains, particularly the ones who to me seem artificial, motivated by buyers who moved the stocks themselves in order to enhance their First Quarter performan performance. One of my closest observers on twitter tweeted today that when i appeared on the Halftime Report that i sounded more bearish than i
November. Ibm is set to weigh down the dow today. Notching the 20th straight quarter of year over year revenue declines. Plus, a border tax replacement. The white house considering a elimination of state and local deductions needed to pay for tax cuts. Some drama at 21st century fox as advertisers flee. Reports that primetime star bill oreilly is now all but out. It would be the third major departure for the network in the last year. Ibm bills down sharply in the premarket. The miss on the quarterly revenue overshadowing the sales beat. Down for 20 straight quarters. Ibm had an 11 quarter streak of opening lower on earnings. That was broken last summer. Now appears to resume. Yeah. Look, this was a kind of quarter where they actually didnt close certain business anded that they closed and had they closed certain business, you know what, things are on target. The Gross Margins are not done as much as they were. The signings are surprised that they did misit miss it. We accept it for qua