This is nightly Business Report with Tyler Mathisen and sue herera. Risk assessment. A rare event. The oracle speaks. The big mistake Warren Buffett said some investors like you may be making. Hot topic. Ab old drug gets a new price tag to treat a rare and debilitating condition. That and more tonight on nightly Business Report. Welcome. Gains were small today. Minuscule really. But they were good enough to lift the s p 500 and nasdaq composite to alltime closing highs. Investors seemingly concluded the market had dodged yet another risk. Namely, that france might elect a far right opponent of the European Union and the euro currency. The french for now voted for a moderate and the status quo. And that was enough to let investors globally focus not on european vote counts, but on the improving health of Europe Economy and stock market which has been climbing. We begin with two reports. Bob pisani takes a look at the markets. But first, Michelle Carusocabrera in paris. Reporter last nig
Look, you need a healthy amount of skepticism to be a good investor, no denying that. But its important to know when to believe im talking about buying the stocks of companies that have been left for dead, because of a single bad quarter, when the executives have proven time and time and time again that they can navigate rougher waters and right the ship on another record breaking day for the averages, dow gain 1g00 points, the s p 500 advancing, nasdaq up, some stocks have been left behind by this juggernaut of a bull market and in many cases, i think the sellers are making a big mistake. [ buzzer ] before i get into these situations, though, let me come to praise the companies that provided the impetus behind todays rally. Caterpillar and mcdonalds talk about faith people have totally lost faith in caterpillar during the downturn i remember seeing a sell call on january 25 of 2016, when the stock was at 57, going to 51 cat closed at 114. What happened . End markets did get a little b
This is nightly Business Report. Funded by all it takes is one farc, the courage to seek the unknown, innovate, disrupt, move us all forward, explore a different perspective. At nasdaq, we connect the world. Its ideas much its capital. Its businesses. The people that drive global economy. Future isnt tomorrow tshgsz right now. All it takes is a spark. Nasdaq. New priorities. President trump wants more money for defense and less for other departments and programs. As he tries to reshape the federal government. Political heat, why health cares middle men are at the center of the debate of drug prices. Paying you back. Can your dividend stocks thrive as Interest Rates rise . Those stories and more tonight on nightly Business Report for thursday, march 16th. Good evening, everyone. Welcome. President trump released a more thanned 1dz trillion budget blueprint today. The proposal reflects the administrations stroigs remake the federal government. It includes a 54 billion increase in defense
Frost. Im Contessa Brewer in today for sara eisen. Straight to the Global Market picture. Futures at this hour coming off the day which was a winning day, a fight back day for the bulls out there. The dow was fraction tally negative, but the s p higher. Nasdaq was higher by a half percent. Bottom line there r this was a back from tuesdays trade. This morning essentially flat. The s p slightly higher, the dow and nasdaq slightly lower. Despite the fact equities were resilient yesterday, we saw yields slipping which had been part of the catalyst and spark for the declines the day earlier. We went down to 2. 4 on the tenyear, hit 2. 35 yesterday. The lowest since the 28th of february. Just back a that 2. 4 level again this morning. That slight slippage of yields yesterday didnt do much to derail stocks. Asian markets are ending higher today as well. Thats a definite improvement for the nikkei, which lost 2 yesterday. As you can see across the board, the nikkei is up 0. 2 . Hang seng flatt
Saudi arabia shattered all hopes that could bolster prices when he said point blank theyre just not going to happen. Oil prices had risen recently but they reverse course today settling down about 4. 5 . The downward pool on oil pushed down stocks. The Dow Jones Industrial average fell to 16,431. The nasdaq dropped 67 and the s p 500 was off 24. Bryan sullivan has more on the comments from the man who runs saudi arabias oil business. Reporter the good news, dont anticipate gasoline prices to move higher any time soon. Thats because oil is likely to stay allowlower for longer. A crowd was told today in houston that a coordinated Production Cut was not likely. Not many countries are going to deliver even if they say they will cut production. They will not deliver. Theres no sense in wasting our time seeking Production Cuts. They will not happen. Reporter that comment made hed moved the market as disappointed traders sent oil prices lower. Oil prices had moved up a bit on the talk that op