hello, where ever you are watching i m frank holland in for brian sullivan and here s how your money and the global markets are setting up their day it s the best since the 1980s. it s best performance in 36 years. it s up more than 7% for august holding at new record levels two stocks you ll want to watch today, you know them pretty well apple and tesla. both companies carry out a stock split. let s go worldwide right now julianna has more. great to see you. a strong start we have the french market up 1.1% the german market up .8% you don t see the ftse 100 up here the u.k. market is closed for a summer bank holiday. it s been a strong one as well but europe has been underperforming the u.s. coming into today, up 3.5% for the month. the dax lead the way higher up 5.8% coming into today it s been up about 1%. let s get a closer look at the dax. you can see how the majority of stocks are trading just a few exceptions trading below the flat line today. and nestle, the compa
Fortt, morgan brennan. Take a look at the markets this hour dow started off with a nice little pop, but has gone red, losing steam following the tax reform rally nasdaq is pulling back after crossing 7,000 for the first time yesterday take a look at the highest percentage gainers since the nasdaq crossed the 6,000 benchmark. Joining us this morning for more, russell investment chief strategist steven wood and our own mike santoli guys, good to see you. Is this turning into a sell the news phenomenon . I dont know. I dont think its a real sharp sell the news opportunity, necessarily. Mostly because i think the effect of the coming tax cuts was mostly kind of one component of this feel good environment. It wasnt so much make or break, this is it, we need this for the market to hold together, but i do think weve built in a lot of good stuff yesterday was interesting, the round number thresholds, not just with the nasdaq index, but the dow hitting 25 year to date, s p hitting 20 , nasdaq h
Major averages are moving higher we have a panel of experts coming up here shortly. Dont forget about earnings we have a bunch coming our way after the bell, including disney well have an exclusive interview with ceo bob iger. Looking forward to that. First, though, theres also some news out of washington at this hour lets get down to aeamon javers with remarks from the president. Reporter it came about the dangers of the ms13 gang. The president talking about immigration saying he ultimately might want to shut the government down if he cant get a deal on immigration this week. Heres what he said. Id love to see a shutdown if we dont get this stuff taken care of. If we have to shut is it down because the democrats dont want safety and unrelated but still related, they dont want to take care of our military, then shut it down. Well go with another shutdown reporter the president there seeming to embrace the idea of another Government Shutdown on february 8th, later on this week thats th
Expect later on this afternoon including that 15 top rate for corporation, but also for past throughs. Thats an important point were going to watch how that plays out. Also, a top individual tax rate between 33 and 39 . Thats a key one to watch for then a revenue place holder that could turn into is a border tax. Thats interesting because theyre not going to say what the revenue raisers will be. Just going to have a place holder in there. Then also an expanded personal exception or child care credit or both which would be important for mild class folks dealing with a tax burden. I just spoke with sean spicer here on campus. Just a little while ago. He hinted to me there might be something in there today about repatriation, bringing in all that corporate revenue thats offshore, bring iing that pack the United States. Thats been a big goal of a lot of american corporations for years. Will that be in there . Something to watch at 1 30. Robert frank now with the details on how this will im
It has dipped in and out of negative territory, the nasdaq hitting yet another record high. It is up again. The dow and s p up for a Third Straight day. We are on pace for our best weekly gains of the year. Wynn resorts is the best performing stock in the s p 500. Perrigo, edwards, united tech. Lets party again, baby. Youve got it, brian. Im tyler mathisen. Welcome, everybody. Here is what else is happening at this very busy hour. Shares of twitter soaring more than 10 . The strongest growth in monthly active users in more than a year. Much better than expected earnings. After reports the white house is preparing an order to withdraw from nafta. More on this in a moment. And didi raising between 5 billion and 6 billion valuing the chinese taxi hailing service at about 50 billion making it the second largest vcbacked startup behind uber. We begin with President Trumps big tax plan. We will get the details or at least the outlines of it. From what we can expect to how it will impact your