thank you to the giants, to larry bear, to jack bear, to fran weld, to john and so many others from the hometown team for leading a gold standard community project. the giants are in the long game in this community and it showed. it promises a diverse community and in planning we heard from many voices on how the future of the waterfront should be prepared. that included the central waterfront advisory group. the mission bay advisory group. the south beach neighborhood association, they participated in every step of the plan. i see many of our resident stakeholders here today, including ms. katy la del, alice rogers, bruce and so many others that participated. sonny schwartz is here today. there were many city agencies that collaborated. i need to say thank you first and story most to oawd, to ken rich, todd and adam. and we also will remember today jennifer, she had big vision for the waterfront and enthusiasm for the site. today, we recognize her work effort and can-do attitude. the mayor's office played an integral role in the project to support the benefits of housing, the housing p

we'll be back at 6:00 with much more about the rain, the postponements and hear from larry bear. >>> we do have a little room in our hearts for dodgers fans as well even in this rain. tonight's game reskenledchedule couple weeks from now. if you have a tilcket for tonight's game, hold onto it. you can use it for that rescheduled game april 28th. and now tomorrow's game is also pushed back because of the game. instead of 1:00 p.m., first pitch is now at 3:05 p.m. and we've been tweeting updates throughout it day. it compare tuesday what the bears home opener looked like to what the ballpark looks like today. we want to see your weather photos and videos. >>> the hunt is over for a man accused of stealing guns and he threatened to shoot people in san francisco. a call from people tipped off people to his whereabouts earlier today. hamilton was arrested without any problems. the search began for him yesterday when his estranged family returned to their home to find two guns missing, and also found a manifesto written by hamilton. the family says hamilton was later diagnosed as a schizop

as larry bear was telling us, use it for reskujabcheduled gam. tomorrow's game. push back because of the rain. instead of 1:00 p.m. first pitch. 3. 0, 5. >> the giants' 33rd rainout since moving to san francisco in 1958. we have been following the story since it first broke. earlier today. this is video, we posted, att park. follow us on twitter at nbc bay area. >> trying to figure out how they're trying to get out of town after the storm related delays. flights, delayed all day long. at sfo, 496 flights delayed. 153 canceled. san jose, oakland. not reporting any delays or any cancellations. now, it wasn't storm related, but still it was a dangerous situation. a garbage truck snagged power lines, in walnut creek this afternoon. lines were low hanging. power at rage outage in the neighborhood. >> following developing story in the east bay hills. police officers have made a gruesome discovery. >> a body found in oakland's griezly peak. jodi hernandez. investigators think this may be connected to an act of missing persons case. >> that's right. police aren't telling

bomb that larry was the steve bear. likeliest. charm. to underscore our. i am. to him of the cause. be my enemy the far. beyond. thank you. thank you. our los. alamos. elapsed. fair enough. to. take you from the. norm i'm. just there. is nothing much. to. snit's me sam his sons are moving. mom and. called my mom back modest amounts. but he's a nuisance to say. especially . small. talk. to. his my. buddies. plenty plenty plenty plenty . few weeks. few weeks subsists the boeing . the boat . was nolo. our i was obsessed you ed. thank you thank you thank you. and. the skill of the top five. having. a demonstration mission at heat. trust me. other c.e.o.'s phone. this i have seen you standing from an office right but it's the shrouds on. the sun it's an alert. from uncertain writing all the sudden you get all. the men to speech fire and so again i just first i have a soft as to. what. an. invention is so it's a bit of my going out ask even tired from impostors us. since john guy had lunch modernization for me. andy from all. the steps. that. have a fun. day. in the. me. let me just. talk

pushing inflation down and growth up >> let's get reaction to that and your money moves, larry mcdonald editor of the bearps report larry, i know the headlines all say trade related selloff, but is it? netflix was down 5% what does that have to do with trade >> it's a massive sector rotation at one point technology is nearly 20% of the s&p. the oil names are down less than 7% of the s&p in terms of market capitalization what's happening is you're seeing a rotation out of expensive growth into more value. i think that the oil names would be the place to be here in the second half of the year. >> which is interesting given that oil is, indeed, our greatest export and import with the two countries, mexico and canada that we are renegotiatin with nafta why you are optimistic oil and oil stocks >> the stocks are the cheapest relative to the modity itcommon about a decade number two, interest rates have come back down on the 30-year, the long-term financing has come down the chances of a big m&a boom in what i call the exploration companies, thexop etf will benefit from merger and acquisitions big oil companies

larry mcdonald is with the bear traps report, larry, the note noted that they were having better conversationsh advertisers about accessing twitter. twitter couldn't get out of its own way from what 2014-2016. have times changed >> well, i've been on twitter since 2009, and the one thing i can say is that there's a much better growth path for fwtwitte than for facebook. i mean, 30% of americans according to recent studies are unhappy with the facebook profile around american -- its impact on america, whereas twitter has a much more friendly profile across america as a whole. net-net be very careful here with echnology technology is the largest portion of any sector in the s&p, and bottom line, i would be lightening up on tech and moving towards energy and commodities here >> all right let's find out what the charts say. matt, what do you see? >> well, you know, i kind of agree with larry a little on tech, however, the chart looks quite good on a short term basis, we look at the 50-day moving average that was key support in 2017, so old support becomes new resistance and bumping around against

the dax is down 1.5% let's talk about all of this joining us is larry mcdonald from acg analytics he's editor of the bearraps report a cnbc contributor and a smart and nice guy larry, thanks for joining us again on "wex. blue oyster cult, the song don't fear the reaper, good song should we fear 3%? should 3% be doing this kind of damage to the equity markets >> thanks, brian great to be with us. and you have to remember over the last two, three years a couple trillion dollars has been flowing into passive asset management strategies, stocks and bonds. and yesterday stocks and bonds were down together in the same day. in the first quarter stocks and bonds were down together in the same day so your dentist in ohio with the million dollar portfolio, half in stocks, half in bonds for the first time in two decades is losing money on both sides of the equation and that dentist, that investor is pulling money out of stocks and bonds and moving that capital towards alternatives that's what's going on the way the market went up so viciously for so long now we're in a period where because of this really change, th

bear market territory. they are higher today, larry, we're up almost 400 points. i might bet, and i'm terrible at betting, i would guess, i've been watching markets a long enough time. we're about to go at least touch 400 to the upside for the dow industrials. when we took over, we were up about 200, and that was 11 minutes ago. what's juicing these markets? >> right now, we've lost complacency, that's a near-term positive. for months the market is overly complacent. the fundamentals have really not changed. it is true, growth figures have stalled out a little bit but not downshifting by any stretch. remember central bank liquidity is there, they're pumping, 100, 150 billion a month into the system. that's good. yield curve is flattening, continue to flatten but not inverted, and with all that said, we have a first quarter coming up they think is going to be better than the fourth-quarter earnings we just came out of. so the fundamentals are there, i think what's happening or what has happened is that that growth value spread has been so wide, it's wide in my revi

. >> larry, sorry to interrupt the police are speaking. let's go to the news conference. >> bear with me. information is coming in it is obviously a fluid situation and we are doing the best we can to keep everybody up to date. at 12:46 p.m. this afternoon, san bruno police department received numerous 911 calls regarding gunshots at the youtube campus located on cherry avenue in our city san bruno police arrived on scene at 12:48 upon arrival officers encountered numerous employees fleeing from thing build it was very chaotic as you can imagine. we did encounter one victim with an apparent gunshot wound towards the front of the business as we arrived several minutes later, while conducting a search of the premises, officers located a second individual with a gunshot wound that appears it may have been self inconflicted we are still working on confirming that. two additional victims were located several minutes later at an adjacent business the extent of all of the injuries of our victims are unknown right now. they were all transported for emergency medical care but they are all

propelling that interview going forward with larry kudlow who i have great respect by the way, he had different views working at cnbc and bear stearns than obviously he is espousing now. the idea he is still kind of repulsed by tariffs still holds but he thinks it will have desired effect and for today it seems to be working, doesn't it? most in the market seem to anticipate we'll get over this, won't be a price sis. we have noelle nikpour. chris hogan, one of the smartest guys on this stuff we need it know how to plan for future because it's a pricey future. charlie, what is going on. >> you sounded like the old larry kudlow there. what happened? what happened to my buddy? larry is a good friend of mine. neil: wonderful. >> i wrote a column in the post today, based on interviews with wall street executives. neil: very good column. >> wall street knows donald trump very well. he lent them money over the years. he screwed them left and right. neil: he didn't screw all of them? >> screwed 90 percent of them. 70 banks had to cut deals with him over real estate and casinos. he didn't quite default he had to do workouts. he almos

bear with me, what happens if china blinks? i am going to ask it again, what happen if china blinks what happens if larry kudlow negotiates a better deal the industrials are doing too well i know it is painful sometimes if china doesn't blink, we get lower prices the fall from these particular levels would be relative mine minor, as i believe much of the pain is baked in i like the risk reward athat is developed with the industrials bottom line. in a positive way, fickle. we understand that it is hard to sustain in advance when you see this in advance, you have to ask yourself -- there is always something working. there is always a bull market in this tape, you just need to know where to look. alex, in my home state of new jersey. >> caller: thanks for taking my call great show northrop grumman and rest of the defense sector has been hammered hard >> i like northrop grumman's quarter. if you go out six months, you will see all that has happened, these stocks gave up a little bit of gain. lockheed martin not as good. and issues with general dynamics too. ron in iowa. >> caller: what do you think of buying williams partner? >> i am

and then the larry kudlow olive branch that threw everybody off i think the bears are struggling they'reggling here. because the narrative out of washington has been okay it. >> so your point would be it is washington that you would cling to, if you were bearish. >> absolutely. >> it has nothing to do with the overall fundamentals of the economy or the earnings. >> dead right. >> or increases in rates that will cause a change. >>well, look, the banks benefit so much. we might see other numbers -- >> right. >> they don't have raw costs going up a lot of companies have raw costs going up. >> yeah. >> but, you know, i'm seeing stuff about food costs actually come down. i guess what i'm saying is that there's a lot to like, if you make the quarter -- if you miss the quarter by pennies, like the case of pnc. they are absolutely getting hammered expectations are high for some goldman sachs is telling me it moved up so much credit card volumes are amazingly strong that is terrific for visa and mastercard vitamin tech i was talking to david earlier about vintech is on fire. credit cards are on f

administration will be able to bear fruit, because both sides right now are putting a lot of specific threats of putting up walls, but what is also happening at the same time and larryt, and great that he has come on the show to talk about it at the same time, larry kudlow is able to be speak to counterparts with chinese government try to get what is ultimate goal both sides of bringing down walls even though right now what we're seeing are specific threats of walls going up. maria: you are not worried sounds like. are you in the camp feels this is just a negotiating tool that two sides work it out because markets are acting nervous about it. >> the president's goal is to have both sides at the end of the day be bringing down walls to be able to have more balance in the relationship between two countries two economies a trade is incredibly important for the united states the president has support from the whole lot of people who work at manufactureers where exporting products for united states companies that want to grow many of them view 97% of the opportunities abroad as opposed to here in u.s. i believe the president his goal here is not to just keep building up