That 22,000 milestone which we are back above once again even though the s p and nasdaq lagging, weve had this divergence recently, especially between the nasdaq and dow, and that divergence continuing today. We havent had the confirmation high by the record other major averages. Also, keep in mind that in terms of what professional traders watch, its not typically the dow. Theres not a lot benchmarked against the dow, which is a price weighted average versus the market cap weighted averages of the s p and nasdaq. Something else to keep in mind about the dow plus gain today. Lets take a look at mov on the bloomberg picked this looks at the movers within a given index. You can buy index points, which individual stocks are contributing the most. We had the scatterplot on the upper right. Tc most of the stocks that are detracting or contributing, and the range of 20 points to the dows gain. Then you have one stock way over in the corner. That dot is representing apple, which is accounting
That 22,000 milestone which we are back above once again even though the s p and nasdaq lagging, weve had this divergence recently, especially between the nasdaq and dow, and that divergence continuing today. We havent had the confirmation high by the record other major averages. Also, keep in mind that in terms of what professional traders watch, its not typically the dow. Theres not a lot benchmarked against the dow, which is a price weighted average versus the market cap weighted averages of the s p and nasdaq. Something else to keep in mind about the dow plus gain today. Lets take a look at mov on the bloomberg picked this looks at the movers within a given index. You can buy index points, which individual stocks are contributing the most. We had the scatterplot on the upper right. Tc most of the stocks that are detracting or contributing, and the range of 20 points to the dows gain. Then you have one stock way over in the corner. That dot is representing apple, which is accounting
Interviews with new york papers. He downplayed Steve Bannons role in the campaign and called him a guy who works for me leading to rumors of a possible departure. At the same time a spokesman for Paul Manafort says the former Campaign Manager may register as a Foreign Agent because of his past political work in ukraine. And now despite promising better relations with russia on the campaign, President Trump is saying they, quote, may be at an alltime low. That wasnt the president s only surprising reversal. Nbcs Kristen Welker brings us more. Reporter President Trump making a number of stunning reversals as he faces Foreign Policy crises after calling nato obsolete on the campaign trail. Nato in my opinion is obsolete. Maybe nato will dissolve and thats okay. Reporter mr. Trump changing his tone while standing next to natos secretary general in the east room. I said it was obsolete. Its no longer obsolete. Reporter the move aimed at getting nato allies to ramp up support in foreign figh
And shes not endorsed him and unlikely to now. And theres a record and Political Risk for president obama. Investors do not despair, big move up for stocks tuesday and this wednesday morning theyll go up some more. Oil, close to 50 a barrel. Some people think thats good. Were not so sure. Varney company is about to begin. blee bleep there you have it. Violence and protesters actually threw rocks at fox News Reporter jonathan hunt. Clearly it was a leftist violence in albuquerque and waving the mexican flag. More on that in just a moment. There you go. Hit in the leg with a rock. Now, look at this. Weve got the dow jones average at the opening bell this morning will go up roughly 60, 65 points and the price of oil, look at it closely, thats pretty well, its close to 50 a barrel. Now, look at tiffany, its the latest retailer to disappoint. Sales down in every region of the world. All right, liz, this is where the wealthy buy their jewelry. Is this part of the retail ice age as well . Liz
Happening. Stocks are moving higher at this hour. It feels like investors are shaking off fears about the debt standoff between europe and greece, but folks, the action is really in oil. Prices plunging again after the International Energy agency warned of more selloffs in the near term. We begin with fears in the bond market. Were talking about, yep, puerto rico, and its debt crisis sending its bonds to record lows. Why does it matter to investors here . Many hedge funds and big Bond Investors have exposure to puerto rico. Kate kelly has more on the fallout. Big legal news the last few days on puerto rico which has been struggling with over 70 billion in debt as well as highend employment and other Economic Issues for some time now. On friday a federal judge blocked the islands efforts to restructure certain debt through a new law known as the recovery act that was passed last summer. The law was intended to help agencies like for example, the purity wroe ricco electric Power Authorit