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The trading session. Abigail doolittle is here. It looks like theyre trying for a lastminute santa claus rally. Absolutely. We dont have alltime highs. Record closing highs. Lets see if the dow can hang on. Just talking about the tax reform bill. Read tacit for mania. Reaching its target for the s p 500 to 3000. A lot of anticipation about what tax reform might do for stocks and the economy. We have some movers based on tax reform and the tax reform bill. At delta, we have gains saying they expect all u. S. Airlines to benefit from aspects of tax reform. Delta is one of Deutsche Banks top Airline Picks for 2018. And wells fargo trading higher as they are saying they will use lower Corporate Tax rates and a bit of a hike for wages. We have seen a big selloff for bonds. It is a longerterm chart over the 10 year chip yield. Ju ....
U. S. Clamps down on one of the worlds biggest changes. Matt we are getting some breaking earnings now. Ing group, the dutch financial fourthh coming up with quarter profit of 1. 6 billion euros. Ing misses estimates on profit. If got a cost income ratio of 59. 9. 7 and itratio of 14 is looking at net results in 5 billion euros. That is the net result for the entire year. The fork or profit, 1. 5 6 billion the Fourth Quarter profit, 1. 5 6 billion. A big miss on pretax profit there, so look for ing to trade at the open. The ing cfo is going to be joining us for his first interview of the day in just a few minutes. Anna lets get to some other breaking news this morning. The wealth manager in switzerland, the thirdlargest wealth manager in switzerland is giving details for the past year. Under. Ew money the estimate was a little higher than that at 393. They say net new money is more than 22 billion. They are giving a net profit num ....
Streak as the tenyear pulls back from highs. Bob pisani here at the nyse. Lets start with you. Listening to this lovely music. Im 12 years old again another thing about today, selloff in the middle of the day. Three days in a row this is happening. Up 350, cut essentially in half. The market started very strong in fact, the cyclicals were the story. Looked like early january. What i mean by cyclicals, growth names. United technologies up 3 . Thats moving the dow up 30 points boeing was much stronger earlier in the day still up but a classical cyclical name. Lets show you 3m. These are all dow components, cyclical stocks, all of them, up 1. 5 , 30 points. This was 237, 238 and now back to 235 caterpillar up 2 , fourpoint gain another 30 points. This was almost 160 just a couple minutes ago finally, one group that hasnt been doing that well today, the bank stocks. Goldman sachs, all the big bank names are down fractionally. Even though there hasnt been huge moves in the tenyear you cant ....
We will be brazil with a very, very wealthy ten 20 percent, and a very, very poor 80 or 90 . Its heartbreaking. Its not only the freest country thats ever existed but what always set america apart and california particular lyrics was our enormous prosperous middle class. Enormous. I always think thats why my theory of why the ugly american image developed in europe, because most of the europeans the people you meet from foreign countries, will fly across an ocean to come to america. We only meet their elites. Not americans. Everybody used to travel to europe. Not now. Were all worried about paying rent. Holding on to your job. Paying for all of those special english translators at the schools, paying to support your opt are hospital from going bankrupt. This is just so crushing to the middle class. But its good for mark zuckerberg. Its good for the rich. Good for the rich farmers with all that cheap labor because they refuse to mechanize. Here we are in california, which is as you mexi ....
Nasdaq had its ninth positive month out of the last ten. The worst performing sector, energy not a surprise given wtis performance, down about 6 thats the worst month for wti since march. As for the year so far, the nasdaq is leading the way. Its up more than 19 . The dow is higher by 11 the s p 500 is up by 10. 4 check the global markets. Things were kind of friendly in europe not much happening in the asian markets. Japan and the hang seng and shanghai european equities were more positive a half percentage point gain in average in most of the bourses look at the dollar got over 1. 20, back down to 1. 19 the tenyear, 2. 13 do you go straight do you have a gauntlet from your house to your car . Do you get in a garage do you know, it felt like fall was 55 degrees. 56r7b8g 55. Realfeel 50 i walked out in my sleeveless dress, grabbed a sweater came back out. Theres some leaves around. Rustling a bit. That went fast, didnt it. Way too fast. We still have this New York , United States , United Kingdom , Harris County , New Orleans , North Korea , Port Arthur , Pebble Beach , South Korea , Yankee Stadium , Tom Gimbel , Warren Buffett , Hampton Pearson , Randall Stevenson , Dow Dupont , Jeff Bezos , Scott Cohn , James Rupe , Kate Upton , Andrew Ross Sorkin , Craig Asa , Rick Perry , James Lew , Woody Allen , Jack Caffrey , Aaron Judd Sotomayor ,