The markets love that. But to explain the option, the Nuclear Option and how it relates to Janet Yellens likely senate confirmation, we head to peter barnes on capitol hill. What next . Reporter thats right, liz. The Banking Committee voted 148 to move her nomination on to the full senate where it looks like she will have an easier time passing. We assumed that she would get enough votes to get final confirmation by the full senate, but then today the Senate Approved the Nuclear Option which was to eliminate the filibuster for the president S Executive Branch nominations and federal judicial nominations except for the supreme court. Democrats and the president complaining the republicans have been using the filibuster too much to block his key nominations, but republicans saying, hey, we this is part of the chicks and balances checks and balances that were in the constitution and that democrats and the president are just trying to change the conversation from obamacare to something els
Is always about money. Melissa start with a look at the markets. The dow in a free fall, down more than 200 points on the day, look at that, 223. Looks like were sitting at the low of the session. All three Major Industries april, nasdaq even more than that. We have very own Charlie Gasparino and wall street journal spencer ante. What do you think of the selloff. Much overdue. We need a break. We need a correction. Im still, if youre asking me, i dont give people investing advice, if the fed keeps basically easing on its schedule, taper schedule as it is without raising interest rates, not a lot of placeses to put your money. Has to be in stocks. Melissa spencer . The stock market is going up on upper trajectory. It was due for minor correction. There was more major correction in the spring. Is this longer term play . Hard to determine. Melissa we had tendency to ignore bad news. What changed . Israelipalestinian issue is getting worse. Could threaten Global Oil Supplies if it gets wor
Which was made into a 2013 film directed by lee daniels. He has been a correspondent for the Washington Post and the boston globe where he was a pulitzer finalist and he is currently bodeway visiting distinguished scholar at Miami University in oxford, ohio. Joining will on our digital stage this evening is acclaimed critic peter goralnick author of numerous books including his two volume Elvis Presley biography last train to memphis and careless love. Theyre here discussing wills new book colorization 100 years of black films in a white world. Publishers weekly calls it an engrossing account of a vital but often slated cinematic tradition full of fascinating lore and Dwight Garner writes for the New York Times. This is sweeping history, but in hagoods hands, it feels crisp urgent and paired down like a good movie. It pops from the start. Were so pleased to be hosting this event tonight. The digital podium is yours will and peter. Thank you. Thank you. Well, its great to be here with y
In the stock market to go with it. The major averages bounced back from sharp sell off last week and all the end of the s p sectors were as well. The dow jumped 146 points. The nasdaq added almost 23, ending above the key 4,000 level. And the s p rose about 15 points. So what triggered all this optimism . Investors were encouraged by new retail Sales Numbers that were stronger than expect ad sign maybe that the economy is emerging from a slow winter. The gains were led by autos and furniture as well as sales at general Merchandise Stores like target and walmart. Solid earnings from citigroup boosted investor confidence. Profits for the First Quarter came in higher than analysts estimates and citi stock surged 4 on the news. Kayla tausche joins us more with more on that surprising report from citi. Kay larks last week we were talking to you about this one and everyone was bracing for a lousy report. What happened . Not much to write home about. Two points where science citi s. Credit is
Cheryl so where is the money going on wall street . Well, right now its flowing into banks. Financials are flexing their muscles once again, taking stocks to a fiveyear high. Hello, i am cheryl casone, it is the last hour of trading, and the countdown to the closing pell begins right now. Good news overseas leads to buying in the u. S. Chinas exports jumping more than 14 in december, providing more evidence that growth is accelerating. Stocks are off nearly the highs, but partly in the green, we are near session highs. The dow up 68, s p higher by almost 9 points as you can see on your screen. Now to those financials, this is the group it is a leading the pack right now, especially one stock. That is bank of america. Take a look at bank of america, 11. 79, this is one of the dows best performers right now. Investors have also plopped money into shares of Goldman Sachs and Morgan Stanley. Take a look, Morgan Stanley up almost more than 4 . Jpmorgan chase winning as well. Fireworks have