Nasdaq with its tech stocks. Four major stock market indexes hit alltime highs today. Here are the record numbers. The dow added 88 points to 18,956. 40odd points away from 19,000. The nasdaq rose 47. S p 500 climbed 16 and the small cap russell index of 2,000 Many Companies up 6. The broad rally hoping that it will invest heavily in infrastructure, a triple play that could spur growth. Todays run also helped by a rise in oil prices. That rise lifted energy stocks. Mike santoli takes a look at the rush of money into stocks. Reporter its a great rotation from bonds into stocks finally happening. The sudden surge in bond yields and expectations of policies under trump from bond funds into stock funds since election day. The latest week track, 18 billion flexed income fund while 27 billion found its way into equity portfolios. Thats the largest one hj week shift from wonder into stocks on record, according to bank of america, merrill lynch. Particularly popular, funds that invest in financial and industrial stocks, which benefit from higher Interest Rates, faster Economic Growth and expected government infrastructure spending. Wall street has been predicting and hoping for such a shift by investors for a few years now to little avail. Investors have consistently preferred bonds for their safety as Interest Rates dropped to record lows over the summer. The public has been broadly skeptical of stocks, even as the broad market has tripled in value since the march 2009 lows. Concerned about slow Economic Growth and the prominent role of Federal Reserve policy since the financial crisis. The big question now, is this pivot towards stocks sustainable . Despite withdrawals, households still have a fairly significant exposure to stocks, thanks to the rise in stock values. So its possible that many investors will feel little need to add much to stock holdings. We have also seen a sudden temporary spurt in flows from bonds to stocks before. In early 2013, treasury yields shot up recently to 3 , and sparked such a response, but those trends soon reversed. If rates continue higher, of course, most investors will likely flee bond funds that many bought for their perceived safety. In that case, equities would be a logical destination. In the latter stages, the public becomes excited and helps push them higher. Stocks are far from cheap as the indexes click to record highs and corporate profits. Of course, current hopes for growthfriendly trump policies might fizzle on contact with political and economic realities. Its hard to president elect barack obama whether a great rotation would also represent a last hurrah. For nightly business report, im mike santoli. So can stocks extend their gains . Joe durand is ceo of united capital. Thats the question on the table, joe. Can they . Absolutely can. You have two big things that are affecting us today. One, what do we think is going to happen with the Trump Administration. If you end up if he passes only one thing, which is reducing corporate taxes, that has a huge impact on earnings. And they have companies to reinvest. If this one thing happens, it has a huge impact on future Earnings Growth and obviously that is very good for stocks. The second thing thats not to be ignored is the timing. We have got a time this week in particular, but also from here to yearend, typically a very good time to be invested, especially when the market has done better than 5 but not as well as 20 . I think youve got a nice tailwind here. Again, youre going to see some volatility. Weve got maybe too much of a trump lift since he got elected. So well see some volatility. But a lot of reasons to be quite optimistic. I dont want to be the wet blanket, but we have come a long way. The russell 2,000 up Something Like 11 days in a row, hasnt done that in 13 or 14 years. The gains in the other indexes have been substantial. Are we getting a little ahead of ourselves in setting it up for something that might be not be so happy . Yeah, i think, of course. Were long overdue for at least a 5 pullback here. Again, im not sure it will be persistent, but enough to rattle some people. Im uncomfortable, we get these strings of unending gains for all of the same reasons you are. Weve been around long enough to know usually there is a payback somewhere along the way. Nonetheless, you dont want to make big longterm shifts to your portfolio, even if there is a decline that its probably going to whip back very quickly and you dont have the timing to get in and out and get those first choices at the aim same right. So we encourage everyone, have a good strategy, be allocated right. Make sure, again, if we get reduced regulation, thats great for small companies. That was probably not true prior to trumps election. So we are seeing some difference. A stronger dollar also really good for smaller companies, so may be a good reason to reassess your portfolio. Most people have been underweight small cap stocks, they have done quite poorly in the last five years or so. So what you might want to do is you go into next year, look at your allocation, make sure youre invested and watch out for longterm bonds. Interest rates go up. Cautionary tale. Joe durand, thank you very much with united. The Federal Reserve second in command said the u. S. Economy is performing well. But the productivity needs to grow. Stanley fisher said policies that increase productivity, like investment and infrastructure, can help confront some of the longerterm economic challenges. Some combination of improved infrastructure, better education, thats a longerterm impact, more encouragement for private investment and more effective regulation all likely have a role to play in promoting foster growth of productivity and foster growth of living standards. Mr. Fisher said the central bank has long been the only game in town when it comes to economic policy, and he would like to see fiscal policy help ease that burden. Most marketwatchers think the fed will boost Interest Rates at its next meeting in december. But investors have already seen a sharp rise in treasury yields since the election. That move in turn has led to a spike in Mortgage Rates and rumblings throughout the housing market. This may not be the busiest season for home sales, but as diana olick reports, the hit still hurts. Reporter Mortgage Rates are sitting at the highest levels in over a year with no sign of turning around. That is starting to have consequences. The average rate on the popular 30year fixed loan moved more than half a percentage point higher following the election. From 3. 5 to 4. 125 now. And that happened in barely a week. Its the biggest move since the taper tantrum back in june of 2013. Higher rates make housing more expensive, and make it harder for some borrowers to qualify for a loan under the strict debt and income limits lenders require today. Rising rates are hardest on First Time Buyers who are more on the margins of home ownership. One lender in new york told me one of his clients, a first time buyer, lost a deal last week due to the higher rate. Another lender in massachusetts said he spent all of last week educating worried clients. Mortgage rates, he said, are 80 psychologically and 20 mez math. The psychological hit may be the hardest. A Real Estate Agent in dallas told me buyers are watching rates very closely. Home prices continue to rise faster than income, but thats largely due to a lack of homes store sale amid high demand. The jump in Interest Rates is unlikely to cut into those prices in the nearterm. For nightly business report, im diana oil why i can in washington. To really more about the impact on housing, head to our website, nbr. Com. Only about one in seven americans believe he or she is saving enough for retirement. Americans median savings in retirement accounts right now is a scant 63,000. Though people in their 60s have three times as much, still not enough to live comfortably into old age. How might the Trump Administration address what some call a looming administration crisis. Tim, always great to see you. And i know youre going to teach me how to tie a bowtie when next we are together. Lets talk about one thing that you focused on, and that is the trump a Trump Administrations opposition to what is called the fiduciary rule. Explain what that is, and what it would mean if the Trump Administration undoes the plan to apply that fiduciary rule. For starters, most people think when you watch the commercials with somebody, your Financial Adviser on the beach or at your kids wedding that certainly these Financial Advisers are all acting in the best interests of their clients. The same way that doctors and lawyers and accountants do. But unfortunately, it is not the case. And quite fortunately, the department of labor has stepped in and said its about time. So last april, a rule was put in place that will go into effect this coming april in 2017 requiring that Financial Advisers who watch over retirement accounts for their clients will have to act as a fiduciary. And ironically, even with the populist tone that trump has sounded, there is rumor that hes talking about doing away with this relatively new evolution in the Financial Advisory why would he impose this when, in part, he has staked out a position where he is against the big banks and brokerages on wall street who i assume would rather this not take effect. Your guess is as good as mine. But we all know those folks you just mentioned do have a very loud and powerful voice and dont struggle to articulate it. So i believe there is pressure from wall street in particular, the big banks, Brokerage Firms and Insurance Companies who anticipate a pretty dramatic reduction in profit as a result of this higher standard. Thats the only guess i could make. But there is one other. That it is seen by some as a governmental overreach, tyler, that maybe its an anti regulatory stance that trump is taking, but from my perspective, again, the medical, legal and accounting professions did it themselves many, many years ago. The Financial Services industry is just late to the party. Lets pivot on to Something Else that is on the trump agenda. That is lowering tax rates and including lowering the rate on Capital Gains. I assume this would be good for Retirement Savers who are saving both inside and outside of tax sheltered accounts. I would think so. We certainly do seem to be sensing that the market likes the idea of lower taxes and possible reduction in Capital Gains taxes. In general, i think we do find that would benefit investors. But i will say this, especially when it comes to retirement investors, tyler. I wouldnt recommend making any changes to your Retirement Savings or your allocation as a result of an anticipation in a change of taxes. You should be making those decisions based on how much you need to save for retirement, and you should be making allocation decisions based on your ability, willingness and need to take risk, not what you expect taxes may do in the future. Quickly, higher Interest Rates going to be better for Retirement Savers . Well, i think there are an awful lot of people who are relying more on the fixed income portions that are more secure who certainly wouldnt mind seeing higher Interest Rates. But if they have long durations in their fixed income portfolios right now, highyield bonds, corporate bonds, then they may see volatility in that space as Interest Rates rise. Tim, thanks very much. Tim bauer with b. A. M. Alliance. Why some say the rise of robotics and Artificial Intelligence will destroy millions of jobs in less than five years. Department of justices antitrust case against anthem and cignas 53 billion merger got under way today. The government wants to block the takeover that would create the nations Largest HealthInsurance Company and potentially reshape the industry. Insurers are fighting back in court. Bertha coombs is covering the story from washington. Reporter the majority of americans get their Health Insurance from their employer. At stake in this case, for the nations largest employers is having just three large insurance carriers, enough to insure competition. In its opening argument, the government says no. They say employers now can choose between united health, aetna, cigna and anthem, the nations largest blue cross insurer. But if anthems 3 billion deal is approved, they would be left with just three in most of the country. But assistant u. S. Attorney john jacobs says in some 35 local markets, there would be no choice, because anthem and cigna compete headtohead. So fiercely, anthem paid sales people a. Ty for winning clients away from its rival. Anthem, he says, decided it was easier to buy cigna than compete. Anthems attorney, christopher curran, argues that anthem is not a National Insurer in the same sense as its rivals, because it only has its own Provider Network in the 14 states where it operates. It effectively rents networks from other blue cross insurers in other states. By joining together with cigna, he says, the combined company will have a True National footprint and be able to offer large employers more efficiency, Better Service and bigger savings. For nightly business report, bertha coombs, washington. Sales fall for the fourth straight quarter at tyson foods, and thats where we begin tonights market focus. The meat producer and processor said a rise in investment spending, coupled with significantly lower beef prices caused earnings and revenue to come in below estimates. And as far as next year goes, the Company Expects earnings to come in a little light, as well. Tyson also said its ceo, donny smith, is going to resign by the end of 2016 to be replaced by the companys current president , tom hayes. Shares pummeled today, down to 57. 60. The Cyber Security software maker, semantic is buying lifelock for more than 2 billion. The acquisition finalized early next year. This life lock to 23. 81. The oil company, Sunoco Logistics will buy Energy Transfer partners for about 21 billion. And Energy Transfer is the company in charge of building the controversial and much talked about Dakota Access pipeline. Energy transfer saw its shares fall 7 on the session to 36. 52. Sunoco shares down 7 to 24. 47. Palo Alto Networks posted a narrower than expected loss missed estimates on revenue. The company also sees earnings for the Current Quarter coming in below expectations. Shares initially fell more than 10 after hours, but finished the regular session down just a fraction at 161. 06. More questions began to emerge over the weekend about how president elect trump will manage the potential conflicts of interest between the presidency and his private businesses. Robert frank has the details. News emerging over the weekend that mr. Trump on tuesday met with three executives to are his Business Partners in india. The Trump Organization said the meeting was not a formal one, but one of the executives telling the indian press that they discussed expanding their business relationship with mr. Trump now that he has become the next president. That meeting, of course, followed an earlier meeting in the week with japanese Prime Minister shinzo abe. That meeting attended also by trumps daughter, ivanka trump. Remember, mr. Trump and the family said that ivanka and her two brothers would not attend any government meetings or be involved in politics once they took over the company. There was also a report in the Washington Post over the weekend dealing how the new trump hotel in washington, d. C. , invited over 100 representatives of foreign embassies to use the hotel when overseas dignitaries are in town. One asian diplomat telling the post it would be, quote, rude to tell the president youre staying at a competing hotel. Now political advocacy and not for profit group common cause and more than a dozen other groups signed a letter friday demanding that the trump family put the company into a blind trust run by a truly independent trustee. Or, they said, they should sell the company outright. Representative kathryn clark, a democrat from massachusetts, introduced a bill this week that would require all president s, including mr. Trump, take similar measures. Now in a statement, the Trump Organization said, quote, this is a top priority for the organization and that structure that will also be selected will comply with all applicable rules and regulations. Of course, the problem here is that there are no rules and regulations restricting the president of the United States from owning and operating a company while in the white house. For nigh