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Is outside the white house, elon is there in washington standing by with the latest on the tax bill itself. Lets start with you, what do we know about this event coming up . Reporter theyre not actually going to do a bill signing. The sbil not ready to be signed just yet, but this is very much a Party Atmosphere here on the south lawn of the white house. We have the marine band going through a list of Christmas Carols a few moments ago theyre serving hot drinking over here. Some of the vips and dignitaries have gathered in the audience. You can see behind me, republican members of congress lined up on the steps just above the south port co. Here on the south lawn of the white house. This is a unified Republican Party right now. Theyve been through a lot of tough infighting particularly over obamacare, this is a big ....
Stocks on the rebound as you can see, still tracking for five straight weeks of gains on optimism over tax reform that optimism sending the man to my right, tony dwyer, to raise his target for stocks in the new year to 3,100. Now youre the top dog now was that the plan . No. Thats marketing bs. No, thats marketing bs. Its more the methodology of how i get there. For the last six months ive said my 2,800 target for the s p is too low because you had to implement the tax cuts but without a Corporate Tax rate, i have no idea what that is. So 21 , that adds 9 to the s p earnings im at 140 for this year, was at 140 so now im up to 155 the market is trading at a 20 multiple why should that change so im assuming a 20 multiple. Im too low for both, the multiple and the earnings. The 3,000 club is growing, seemingly by the day you get Credit Suisse bumping their target up. You had a cou ....
What a way to end the week. It was a melt up into the closing bell, which drove stocks to alltime highs. The s p 500 had its best day since march, lifted by continued optimism that Economic Growth around the world is on an upswing and a new batch of strong earnings. Of the s p 500 companies that have reported profits so far, 80 have topped expectations. Today shares of intel helped lead the way with a double digit gain following its Strong Quarter that we told you about last night. Here are the closing numbers. The Dow Jones Industrial average rose 223 pints to finish at 26,616. The nasdaq climgd 94. And the s p 500 added 33. For the week, all of the indexes saw gains of more than 2 . The rising stock market was not lost on President Trump when he addressed ....
And their biggest fa cup victory came in 1949 against sunderland can yeovil top that this evening when they take on Manchester United . Good evening and welcome to bbc news. Donald trump has told an audience of business and political leaders that his mantra of America First does not mean america alone. Speaking at the World Economic forum in davos in switzerland, mr trump said the us was doing fa ntastically well and was open for business. But he hit out at what he called other countries predatory trading practices. Earlier, the president said he was prepared to apologise for sharing social media posts by the far right Group Britain first. Our north america editor jon sopel is in davos. Geeeesee eeeelq tluene eee eeee have gone with him. And wherever the cameras ha ....