Lauren hey, guys a twoday sell i dont have was reversed. Major averages closing near the highs of the session. Nasdaq leading the major averages gaining almost 3 today. The nasdaq was led by big cap tech which was down for this week. Three reasons for rally. First more rescue funding from the government is likely on the way after the Senate Approved yet another relief package. Second oil prices recovering. Take a look where crude closed the session today, above 13 a barrel. That is much better than it had been. A gain of almost 18 . With that reis big gains for halliburton, chevron, exxon and the Energy Sector in general leading the overall market higher today. And third, investors look to Earnings Report that continue to pour in from guidance on the coronavirus effects on the economy. Here is the trends were seeing and were seeing it for chipotle after Earnings Report showed 81 increase of people ordering online getting food delivered. That is with were doing. That stock is up 14 . Sn
This hour. Were waiting possible new comment from President Trump this hour. The president set to depart the white house shortly, make his way to new orleans. He is attending College Football National Championship game this evening. Well bring you any remarks from the president , if he stops to speak to reporters on the white house south lawn. Plus protests raging in iran. Third straight day weve seen this. Antigovernment demonstrations. Reports of forces firing live rounds and tear gas. Target, how it is what it means for your store. Melissa Edward Lawrence and blake burman are live at the white house. Edward, starts with you. Reporter melissa, a feeling of glee of folks in the trade circles i talked with the signing of the trade deal expected to happen on wednesday. The chinese delegation is now here at the hotel in washington, d. C. The one, the chinese are expected to sign that trade deal on wednesday but two, tomorrow the chinese delegation will meet with u. S. Businesses to try t
Unprecedented flooding a state of emergency in mississippi. Waters are rising near historic levels and with more rain in the forecast officials warning the danger is not over yet. Plus hitting the campaign trail. Democrats running for president descending on nevada ahead of that states caucuses and the contenders may be about to agree on one common rival. Well talk about that. It is finally here, baby yoda merchandise. We hope you acted fast though. Lauren did not. Connell explaining later. Bracing for impact, beijing approving a stimulus package that includes a key Interest Rate cut as it attempts to bolster the economy amid the coronavirus outbreak. Chinese government think tank is now projecting that the outbreak could end up shaving off a full percentage point from chinas annual gdp this year. Plus it could impact as many as five Million Companies globally. That is according to research from the firm dunne and brad street. With us dan mitchell, center for freedom and prosperity cha
Hour. President trump is heading to a wisconsin. Well bring you any major headlines this hour. The split screen you will see all day, President Trump expected to sign one of the biggest accomplishments of his presidency as nancy pelosi makes her move on capitol hill. Iran cracking down announcing arrests in the downing of the ukrainian passenger jet as protests rain in the streets of tehran for the fourth day. The latest demand from demonstrators. Ashley fox Business Team coverage of course. Gerri willis on the floor of the new york stock exchange. Edward lawrence following latest on trade at the white house. Edward, lets begin with you. Reporter ashley right now the chinese trade delegation finishing up meetings with American Business leaders. This trip was not just about signing for the chinese. It was telling American Businesses that china is open for business, come back and do business in china. Now i spoke with the Senior Vice President for the u. S. Chamber for asia, charles free
Jackie we have gerri willis on floor of the new york stock exchange, jeff flock in chicago. What happened today . Dow only needed 36 points to do that. It beat that level. Were at a new high. As you were saying that is the 21st record close of the year. S p only needed a little more than half a point to finish record territory. It achieved that, and more. Here we are, fueled mostly by apple shares. Finally, we got the nasdaq through 9,000. Very big finish for the nasdaq. Tech very critical part of stocks move. Well talk about amazon for just a second here. The company saying they added five Million People as prime members over the Holiday Season. They said it was a record Holiday Season for them. They did very well indeed. And, just adding a lot of people who can add to their bottom line. Some of the people actually signed up for a trial membership on prime. Others actually paying that 119 a year. So amazon, with a very good day. Meanwhile, apple also pushing the nasdaq to new highs, f