Were going to tell you about the new drug trial results weighing on that company today. Guess how it went. Well, it went well for someone else yeah. Exactly. Box office blues Movie Theater stocks are getting crushed again today. Six superheroes cant even save those shares being very opaque here but well explain coming up in a little bit. First, breaking news, just this afternoon on fed chair janet yellen, our dom chu has more on the story. All right, so guys, Federal Reserve chairman janet yellen will be leaving the fed completely in february and this is what some fed observers say is no real surprise. Fed chair yellens term as chairman expires in february we know this and President Trump has already made his pick to be the next fed head thats current fed governor Jerome Powell, of course, pending confirmation by the senate there had been some speculation around the notion, perhaps, yellen would maintain a presence on the fed board of governors since her term adds a governor of the cen
Isnt perfect a lot of things i wished for, lawmakers didnt bother to close all the fat cat loopholes, you know what . Im not surprised. Because these private equity guys are donates big bucks to lawmakers so washington wont go after them. Look how much money is at stake and how much both sides are getting from the fat cat donors effectively buying themselves a tax cut. That said there are a lot of good things. You know that Corporate Taxes lower. Means good things for the markets. New developments on a story weve been following closely on the intelligence report. Highly questionable uranium one deal. Attorney general Jeff Sessions is reviving a fbi investigation into Hillary Clintons ties to this deal and we have got the intel. First to connell mcshane, standing outside of a wells fargo bank, one Company Giving back to its employees because of tax reform. Connell, i love it reporter interesting, trish, because the corporate rate coming down from 35 to 21 that is really centerpiece, you
Bill no. That is good. Even if you look across the country there is nothing major. Not a huge storm. We have a few clouds in cumberland but our region, that is what i look for, within a four or five or sixhour drive. We are good to go. Its great. I love to deliver that to you. Good evening. In our area i want to widen this out to show the midatlantic. The only exception is up to the north. Tomorrow we expect snow in new york. If you have plans tomorrow, Late Afternoon and evening. That is an area to watch. Break it down for you in a little bit. In terms of right now, look at the radar. Look at rain, blue, snow. You go to new england and none of it is showing up. We are in the mid30s in the beltway tomorrow. Then we go up a little bit by tomorrow morning. The colder spot is shenandoah valley. The outlying areas below freezing tonight. There are some areas that wont get to freezing. We talk about the forecast looking to friday. In the weekend. The christmas forecast swinging back and for
For a temporary spending bill. The crucial vote could come within the hour. Well bring that to you live. Meanwhile, more companies are announcing plans for how they will be spending their tax savings. Trillions in tax savings but does it all translate into more jobs and growing wages for you . If you thought traffic was bad at thanksgiving, wait until you hear the latest what to expect this holiday weekend. Melissa oh, no. David yes. Melissa you need cocktail. No, im kidding, not if youre driving obviously. The dow surging to a new record high after two days of losses getting a big boost from the highest Third Quarter gdp reading more than two years, three years. Up 3. 2 . This is the first tame weve seen backtoback quarters with more than 3 growth since 2014. Lets go straight to Nicole Petallides on floor of new york stock exchange. Nicole, where the major afterring as, theyre back in the green. There you go. As we look at record closes for the dow, it had to be above 24,792. Oh, no,
Of individual stocks im talking about these multiday up, extravaganzas hallelujah where investors cant buy enough in one session and they keep coming back day after day no matter how much the stock runs in the euro. Its becoming a defining thing in the market since the year began. Honestly, ive never seen anything like it, so i have to point it out exhibit a, the stock of United Health unh blew the door off the numbers. Newfound tax in technology and innovation things that have become the hallmarks. What happens first, the stock jumps up. Then the next day, another five, and today it adds another four points you might think thats just downright absurd how can buyers keep responding to the same news day after day after day. Doesnt everybody know everything already yes, in theory but thats now quite how it works anymore in practice. As a former block trader, meaning someone who used to buy large amounts of stock at once, i think were seeing something truly amazing happening here unh, a 2