Announced from south korea, thats a lot of our products unfortunately. I put a tariff on washing machines and refrigerators. They Just Announced that they are building major refrigerator and washing machine plants in the United States. Do you know why . Do you know why . Because they dont want to pay the 25 tariff so they are building them here so they dont have to pay the tariff pair. [applause] and just one final thing, i know this doesnt matter but its so eloquent to talk about it. Im talking about dishwashers, weights here the next one. Im talking about refrigerators. [cheering] probably wont be in the state of the union because i want to get praise. You cannot make a brilliant speech where they say that is an incredible eloquent speech when im talking about dishwashers, sinks, toilets, light bulbs,. [cheering] but sinks . Toilets . And showers . You dont get any water. They put restrictors on them, now they made them permanent. People used to take them out. They put restrictors on
Announced from south korea, thats a lot of our products unfortunately. I put a tariff on washing machines and refrigerators. They Just Announced that they are building major refrigerator and washing machine plants in the United States. Do you know why . Do you know why . Because they dont want to pay the 25 tariff so they are building them here so they dont have to pay the tariff pair. [applause] and just one final thing, i know this doesnt matter but its so eloquent to talk about it. Im talking about dishwashers, weights here the next one. Im talking about refrigerators. [cheering] probably wont be in the state of the union because i want to get praise. You cannot make a brilliant speech where they say that is an incredible eloquent speech when im talking about dishwashers, sinks, toilets, light bulbs,. [cheering] but sinks . Toilets . And showers . You dont get any water. They put restrictors on them, now they made them permanent. People used to take them out. They put restrictors on
Lets see how things did overnight in asia. Asia was leading the declines yesterday. This time a little different story. Nikkei closed up by 1. 5 hang seng was up by 0. 6 shanghai was flat. In europe, at least at this early trading hour, there are green arrows across the board. Barely hanging on for the ftse the dax and cac each up by better than 0. 6 looking at crude oil prices, at least right now, crude oil looks like its down 7 cents 55. 26. Couple big stories were watching, mattel has rejected a takeover approach from rival hasbro reuters reporting that mattel believes the offer undervalues the company and doesnt take into account the potential for regulators to rejected the deal on antitrust grounds reports saying mattels new ceo who took over in february may be trying to drive a harder bargain in talks with hasbro the company cut its fullyear revenue outlook. You are looking at both of those stocks now time inc is reportedly restarting talks to sell itself to publisher and broadca
The issues that have powered so much of this years rally. Today the Dow Jones Industrial e advan 187 points to 23,458. Nasdaq up 87 points to close at a record. And the s p 500 added 21. Our bob pisani has more on what took stocks higher. Reporter stocks rallied big time today, reversing six straight down days. What happened . First, washington did something. The house passed its version of a tax reform version. The senate still has to act but any progress on tax reform say cause to celebrate. Walmart and cisco had big earnings beats. Procter gamble moved up because nelson peltz finally appears to have won a seat on the board. High yield bonds turned around. The high yields markets often considered a proxy for investor willingness to take risks. That market has been weak for a couple of weeks now. The weakness has been in Telecom Companies which have faced difficult times. Once they stopped dropping, high yield markets started to stabilize. Im bob pisani at the networks for nightly bus
And now for the main event. Its my honor to welcome our first speaker and distinguished guest, the australian Prime Minister, malcolm turnbull. Mr. Prime minister, thank you for joining us today and providing an opportunity to continue a dialogue aboutpr howe can all work in partnership to grow our economies to gather. For those of you who do not know, the Prime Ministers address is especially timely. 2018 marks 100 years since our two countries became allies in world war i. Since 1918 our relationship has grown beyond just military alliance. Globalization has allowed our states and citizensob to vote collaborate across a range of initiatives and or trade those investments to increase, despite distance and time zones. I have perfect opportunity opportunity to visit australia in 2016. During this trip i saw firsthand a significant cultural and economic ties between our two countries. I speak for all of us, mr. Prime minister, when i say governors are ready to elevate this Important Part