Because of some strong gains from unh, Johnson Johnson and Goldman Sachs. We will keep an eye on futures this morning as we continue to get the Earnings Reports ibm today lets look overnight in asia. We have seen japan close higher. Youre looking at a gain of almost 27 points, 21,363 hang seng closed marginally higher the hang hishanghai was up by a quarter. In europe, in some of the early trading, the dax is the leader, up over 0. 6 cac up by a half percent the ftse is up by a third of a percentage point if you look at crude oil prices, you will see at least this morning crude oil prices are up 16 cents 52. 04 for wpi. Brent crude up by 41 cents ibm shares are jumping this morning on better than expected results. The company beat on both the top and bottom lines but ibm still saw its 22nd straight quarter of revenue declines the cfo addressing those declining revenues on the Earnings Call last night as we said at the start of the year, and reiterated again in july, we said we would se
Is. Our objective is to get it on the president s desk by december to get him to sign it this year. Well work on this as fast as we can but theres no artificial deadline. As i said all along, this is a pass fail exercise and weve got to get it done to create Economic Growth and create a competitive business system. Maria the optimism hitting 23,000 yesterday for the first time. Indicating another rally at the start of trading this morning. The market will not quit. Update quarter of a percent of the market. Take a look at the indices look like this bird once again come to europe a cue from the u. S. Caci pass a percent. Dax in germany up two thirds of a percent. Asia overnight markets mostly higher as well. China the country kicking off its 19th National Congress of the communist party. A major impact on everything from u. S. Policy to chinas approach to north korea as it shapes the leadership for at least the next five years. Ibm does by reporting its 22nd order of declining revenue.
Mostly higher taking its cue once again from the u. S. Through the shanghai composite, nikkei average and kospi. The hang seng lower by half of a percent. The saudi ipo is on track. The managing are getting some hopes to big investors that the oil giants public debut is on schedule for next year despite the speculation that we are going to see some private investors on the steel like the chinese, which may very well will be likely. The push for tax reform back in the u. S. President trump set to head to capitol hill to encourage republican senators to move forward on tax reform. First daughter ivanka trump spoke about the importance of getting the reform passed. Watch. The tax reform is so critical. We are doing it administratively, and the regulation ever really feeling entrepreneurship in the state in terms of optimism, stock market. I would hear it in every conversation i had with the people through the course of the day. So that is what fuels them and that is what we are fighting f
Front of us. We have talked before about Monetary Policy and i havent been a fan as a banker before i was in congress of going beyond the feds initial Interest Rate policies i felt like qe 1, 2 and 3 didnt produce the gdp effects or job increases that perhaps fed policy makers at the time thought. I have also been concerned that as we go back and look backwards now since 2008 that fed officials really have always been a little reluctant to talk about some of the unintended consequences of that, such as distorting the price mechanism in our economy, depressing cap rates for commercial real estate or running up equity prices which i think are a result when you have that, we have flooded from qe 2 into our economy, affecting price earnings, multiples, et cetera today i havent heard any discussion, we talked about the Balance Sheet, we talked about setting Interest Rates but i want to talk a little bit about the money multiplier aspect in your toolbox we flooded the system with reserves bu
To record high. This morning futures are looking like this. Markets expect today continue to gains with another higher opening at the start of trading, dow industrials expected to be up about 20 minutes, nasdaq also strong today a third of a percent. 32 points higher for the nasdaq. Cac quarante best performer. In asia overnight, gain as cross the board on top of record rally on wall street. Hang seng index best performer up better than 1 . Earthquake strikes near north korea, pentagon says its not as a result of nuclear test. Amazon looks to take another industry, this time real estate. Details on the new report that sent zillow shares to the basement. A new eye to prevent overbooked flights. We have the story as well after turmoil at united all year. All the stories and joining me to talk about it Fox Business Network Dagen Mcdowell, back, former Goldman Sachs partner and Peter Kiernan and andrew peek, good to have you here. Thanks so much. Maria good morning, everybody. I missed you