winning streak the market had been on. the market hadn t been on a roll but it was gaining the momentum it had just after the election where it rose more than 2000 points on the tao but lost some of that, it was getting it back but it came to jim comey. tracy joins us with details, we were hoping the market would gain new legs but it lost them this week. us ambassador shrugged off the political firestorm ignited in washington dc tuesday afternoon with donald trump the decision to fire fbi director james comey. markets did not register a major reaction to the shock development. dollar slipped 2.4% over major currencies but recovered, us stock futures were slightly over and moved broadly in line with market, the comey controversy comes when the stock market is hovering near its high, 250 points away from all-time highs
works with all the biggest fortune 500 companies told me recently that people those ceos are starting to think about coming back in from the sidelines, doing deals, maybe not deals that are outside of their core, maybe not acquisitions that are out of left field, but something that s in their core business starting to think about coming back in from the sidelines. that s good because we ve heard, for the past couple years, that there are $2 trillion, $3 trillion sitting on the sidelines. i don t know where this money is. i just want a small percentage of it. if they re not using it, i will. it s funny. one of my colleagues had a comment yesterday where he said uncertainty is dead. uncertainty is basically cash hoarding. it s kind of an excuse. part of the reason the market reacted the way it did was just at the sight of the headline, which was status quo wins. so dysfunctional. i think the market hadn t fully taken account of some of the dynamics we re talking about now where t
automobiles it was volkswagen also considered trustworthy is not. even though the group was involved in several food scandals textile john c. and i also ranks highly despite operating sweatshop factories in third world countries the market hadn t done scott brown s can enjoy a scandal when the confront them head on clearly and transparently and. and when they respond to analysis of the crisis incredibly promising to avoid similar situations in the future our confidence can be shaken as long as it doesn t happen again and again effect in its mind born mark and for tom that s the essential point is that i should have trained as a citizen to point. b. w. appears to have risen from the ashes of diesel gage but didn t go too far in its tests with humans and monkeys it remains to be seen how the company copes with the fallout from the latest scandal. well animal testing is common in medical research