Adobe. And were off to the races without any real worry about last minute status of darn tax bill which is looking more and more likely that it will become law next thing you know, the dow rockets 143 points nasdaq,. 9 . Nasdaq pole vaults up 1. 17 . It is easy, isnt it look, we dont even know what is going to happen in washington. But as i told you last night, were in the torpedos full speed ahead moment i am telling you, its underrated by everybody. Corporate earnings witness the pin action from costco and adobe so while the specter of washington haunts the market bad, they cant stop the averages from going higher will it continue since earnings are really in charge here despite you think it may be the tax cut, i went over the last day cut it, raise it it doesnt matter. What matters is earnings lets go right to next weeks game plan. The big competition in stocks is bonds. Let me put this scene setter here obviously on monday we want to see what happens to that tax bill we also get so
Lets bind them to these international institutions. That in turn will help us get what we need. The administration is saying these things did not work. We see Vice President mike pence speaking in the Ronald Reagan building in the International Trade center, which is just a few blocks away from the white house. Staying with you, net. In terms of people wanting to see something out of china why is the white house choosing to call china a strategic competitor at this moment . To push beijing to do more north korea . Nick they are mandated on the strategy. China is the perfect perfect example of the approach they want to take, that confrontational approach signaling the past administrations. The challenge there is reflective of bigger challenges that the administration faces, which is the Administration Needs china, particularly in dealing with north korea. We will really have to wait and response to this, because the administration has said china is crucial to eliminating the north Korea
The u. S. , waiting for the house vote ahead of that mixed day in european stocks, down for the fifth day in six with luxenberg tying germany, Denmark Germany and the netherlands with the rep stoxx ,0 and the swiss smi, forex currencies rising against the dollar with big moves in the bond market for a second day in the u. S. And eurozone. Outside the eurozone, commodities lets talk about em volatility, the best year for emerging markets stock since 2009 draws to a close and investors experiencing more than just a 31 return with. Olatility staging a comeback price swings on the msci index declined to a oneyear high. Turbulence in the development of equities has dropped. Analysts warned that shares in the developing world do little more than tread water in a year as Earnings Growth set to slow as Risk Appetite will likely wane. Saudi arabia, investors who watch austerity masters, growth over the last couple of years with saudi arabia 2018 expansion. Ebudget yesterday a relief a group say
And amazon tops 1000. Stocks up 50 and on course for a 1 trillion sale tag. 1 trillion in sales. Yvonne a trillion dollar company, yvonne. Speaking of trillions, we saw on interesting reaction in the bond markets. Again, another day where yields the house and Senate Finally passed a tax reform package. Theaps all of this by on rumor in salem the news is affecting not only equities, but also the bond markets as well. Yvonne yes. Callsall of the extreme for yield curves to flatten, it seems like we are pushing back on that now. We are seeing a steepening here as we close 2017, betty. Reaction in the equity markets. Kind of a collective shrug. S p trading flat, and closing unchanged. Same with the nasdaq. The dow down about 30 points. Not setting up for a really recession. Of course we are waiting for the boj. Yvonne we saw a bit of a rally that petered out on wall street. Here is how we are. So on to new asia, zealand. A gross load in the third but a healthier picture than what economist
Of. Welcome to the model city. Foundation come up guy once the chicane head his comment has given way to shiny glass buildings. Indias first socalled smart city was built on his fields around the clock there are people working here for customers all over the world to. Me like. Fifteen years ago this was all just fields now an entire city has been built on land that i used to farm. Here in my car parts of our city we now have people working in twenty six i. T. Parks so this i. Mother potter is a showcase city it reflects everything that india would like to be efficient clean and safe. It was built by investors with the promise of rapid growth and a new prosperity. Start cities like this one are now planned for areas all over the country its hoped they will bring the kind of progress india is looking for. So. Weve come to shankar modest home. His telling his two grandchildren how life suddenly changed when the city was built. It was a dramatic transformation. Look this was our old house.