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December 28, 2018
He won that match, by the way. whiplash. roller coaster. whatever you want to say will fit. stocks staged a major comeback. dow closed up 260 points. erasing a 611--point loss earlier in the day. investors are looking for certainty. there is a cloud of chaos surrounding a slowing global economy and trade policies and moves by the federal reserve. president trump happy about the market boosts. a source telling cnn the president called advisers on his way back from iraq after the markets closed ...
December 28, 2018
Narrowly higher. investors are looking for certainty. there is a cloud of chaos surrounding the global economy and trade policy and moves by the federal reserve. president trump has been happy about the boost. the president called his advisers from air force one when he was on the way back from iraq after the market closed higher on wednesday. the president uses the market as his own personal barometer. consumer confidence has fallen as benefits from the tax cuts fade a bit. the conference board...
December 28, 2018
Investors are very nervous about the outlook for 2019. it doesnt mean a recession is coming. were probably not going to have a recession in 2019. the real economy is still good, but investors are worried about economic growth slowing, profit growth is probably going to slow, then there are all these kind of unknowables. whats going to happen with the trump tariffs and trade policy. will the government reopen in these sort of political problems that are hard to predict. >> by definition when it c...
December 28, 2018
Up 1%. it had been down 600 points earlier in the day. it is a 900-point rally. the dow has staged 13 5% rallies since the financial crisis. the s&p 500 and nasdaq closed narrowly higher. investors are looking for certainty. there is a cloud of chaos surrounding the global economy and trade policy and moves by the federal reserve. president trump has been happy about the boost. the president called his advisers from air force one when he was on the way back from iraq after the market closed high...
December 28, 2018
Some investors are hopeful for a third straight day of big gains. they may need to get ready for another roller coaster ride. we watched the market go up and down. its down again by just a little bit. it comes after two days of gains. sources tell cnn president trump is encouraged by the recent uptick. we know he uses the dow as a barometer for his own political standing. although hes a lot more quiet about it when it market is going down. lets bring in business editor at large, richard quest. f...
December 26, 2018
Or is that wishful thinking? >> it will help. the key will depend upon what happens on twitter and what the comments are with regard to the safety and security of his job as well as steven mnuchins job which he said earlier today was also safe. the markets are keenly focussed on that. there are also a variety, a cornucopia of worries for the markets including the trade war, as you mentioned. the shutdown. washington uncertainty is in focus. the market is reacting to that uncertainty in a way it ...
December 25, 2018
And within the presidents own party. >> the market did not like the suggestion of interference and it dropped. thats one of the reasons it had the worst christmas eve on record. we know that the president places a lot of stock, shall we say, in where the dow is as a barometer of the success of his administration. when it was going up he was talking about it every day, practically and what is the level of concern for the president to watch it going south and going south? by the numbers we are off...
December 25, 2018
Campaign that the white house says this could be that the market advance. >> i think the market as you know very well, the market is a great barometer of whats to come. >> afghanistan is looking to -- how doable is that and how much with the u.s. pay? >> well we will all have to contribute to afghanistan. this is a broken country. >> we have a press conference that is top, and thats what open society answers the questions with -- >> but president carter said shut it down, joe biden shut it down....
December 24, 2018
What they were planning on focusing on, which was the series of investigations into the president and being able to set a proactive agenda rather than having to deal with it on his terms. you can see sort of the upside to a deal, but you can also see that they understand from a policy perspective theyll have much more leverage to be decisive and stop him on some of these fronts if they wait until the beginning of january. >> i want to take a look over to the markets because not a good start to t...
December 24, 2018
His favorite barometer of success, the stock market. asking aides if he could fire the fed chief, being told he cannot do so without cause. mike rogers, thank you for taking the time, particularly on christmas eve. >> thank you. merry christmas. happy holidays to you and yours. >> much appreciated. first i want to start with big picture here. because you had a president choosing to take troop os out of syria over advice of his commanders, you had mattis quit over that and brett mcgurk, who has l...