Details. They are changing as we speak. Its all piling on as we see what could be another record day for the markets. Now, heres why i say that. Any gain for the nasdaq will be another record close, but right now, the nasdaq is down 15 points. The dow this morning crossed the magical 27,000 point level for the first time ever. We are still there. We are at 27,027. And the s p 500 again today topped 3,000 intraday, but you know, we couldnt close there yesterday. Will today be the day . Got to stay with me. We expect President Trump to make remarks at the white house during this hour. Hes scheduled to speak at something he put together, a social media summit. Our tech Panel Reading between the tweet lines, which might be a little difficult to have a social media segment here, because guess whos not invited to the social media summit . Two of the top social media people. Plus, president ial wanttobes attacking President Trump and Corporate America but is that what Business Owners who migh
Jay powell is also losing patience and is ready to cut. The dollar fell against most major peers. The s p 500 is near a record. Xi jinping heads for historic talks in north korea. Beijing says its influence on the divided Korean Peninsula remains significant. Kathleen we are starting on the bond market because that is where we saw the action, really saw the reaction to the Federal Reserves decidedly dovish turn. Side of your screen, you can see the big move down. We had the 12 basis point drop in yields. 1. 74 . , jim bullard,ove president of the st. Louis that, saying the fed should cut right now, today, really putting some fire into treasuries. As for stocks, your alltime high for the s p 500, these are not big gains, but these are gains, nonetheless and we have seen s p futures pointing to a. It of a decline if you look at fed funds futures, that that is they could definitely do it as early as the july meeting. How about this playing out in asian markets. The stock rally brother loo
Republicans as he rallies support for the Senate Tax Bill ahead of a floor vote later this week. Its going to be a tremendous tax cut, the biggest in the history of our country. You have to pay a lot less tax. People have great receptivity. Weve have great spirit. I think that number will be substantially higher, but at these 4 trillion, which will immediately be put to work in this country. I think the tax bill is doing very well and i think republicans will be very proud. Maria the latest as the white house pulls all the stops to get this done by the end of the year. Marcus look like this. Dow industrial to a been a better than 30 points. Fractional move as the s p and nasdaq also in positive territory. In europe, look at the indices up again across the board. Ft 100 up one half of 1 as is the cac in paris at the third of a percent in germany. Meanwhile, in asia overnight, markets were mixed at the close reaching hack about that as is the cost in korea. Japan and hang seng flat on th
Cheryl im glad that you at the top of report brought the issue of money flows. I know it was last week that european investors were flooding money into u. S. Markets, we are looking at potentially dow 25,000 at this point. Its incredible to see the confidence around the world in u. S. Markets even if theres not political confidence and whats happening in the United States, is that a Fair Assessment . I think theres confidence in world stocks so people are confident in the u. S. But kind of everywhere with the treasury yield so low, stocks good look good in comparison. Lauren thank you for your perspective. We really appreciate it. Have a good weekend. Cheryl thats it for us, thank you for watching fbn am on ugly sweater day, National Ugly sweat er day. Maria thanks for joining us, tgif, it is friday december 15th, top stories right now 6 00 a. M. On the east coast. The race to finish the tax reform. Senator marco rubio says hes a no in the 11th hour. Pushes for lastminute changes to th
Big rally underway better than 1 . S p 500 and the nasdaq up three quarters 1 after stock soared yesterday as well closing for the fourth consecutive day. Investor shaking off early losses after the price index rose more than expected in the month of january. Market started off lower and ended up higher. Similar story come and take a at the indices of two thirds of a percent. The cac at 1. 5 in the dax in germany up 1 . Asia overnight stocks in the green at the close they are. Nikkei average of 125 . Hang seng up 2 . Markets in china and korea closed for the Lunar New Year. Driven to talk all about it, Fox Business Network they can make towel. Homeland security adviser redmond strategy president , Michael Balboni is with us and investment in investment strategist with the ballots here. Good morning. But to talk about this morning and i guess michael, we learned a lot about the suspect in his usage of social media. The picture is very disturbing, but they had some things when you take a