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 win. This is a moment in which youve seen the president of the United States already today handing out praise to republican leaders, some of whom hes been attacking earlier
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 couple of places yesterday doing the same thing and 3,000 is right around the highest number now that tony is a l
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 attendees at the World Economic forum in davos switzerland. He talked about the economy, and growth, and in a widely anticipated and high stakes speech told investors and ceos across the globe that america is open for business. Mish
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 have been, the president has been pleased to oblige. I hope were going to bring back many billions of dollars into the us. I think that will happen its already happening. But billions of dollars is coming back into the us and i
Bombardier. Jobs could be under threat in Northern Ireland because of the dispute. The Prime Minister said she would press donald trump to resolve the matter. I have already raised the issue with President Trump ina raised the issue with President Trump in a telephone call and i will raise the issue of bombardier with them when i meet him again later this week and i will be impressing on him the significance of bombardier to the United Kingdom and particularly to jobs bombardier to the United Kingdom and particularly tojobs in Northern Ireland. Let us talk to our correspondent in Northern Ireland, chris page who is in belfast. At least both leaders have been speaking about this, so that perhaps suggests that things might improve for the workforce there in belfast . Yes, i think people here in belfast will recognise the fact that the British Government and the canadian government are very much engaged in this issue. You heard the Prime Minister there are saying that she intends to speak