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Records, tax reform and that surprise special election result in alabama. Plus a little more clarity and an update on disney and fox. We are less than 24 hours from the announcement of that deal. Apples billion dollar fund finds another investment fin asar surgeries on the news as apple builds on lasers and specialized chips. The fed is expected to raise Interest Rates again today as it concludes its twoday meeting. If so, it would be the third rate hike of the year. Then this afternoon the president is said to deliver remarks on tax reform as happens trying to put the final tuchoucs on the bill. The president is going to have lunch with some members of the Conference Committee it looks like theyre trying to meld the two by from the, get it to his desk by the 20th. Maybe corporate rate to 21, some compromise on mortgage interest deductibility. I think its interesting al ....
Bob pisani is standing by with more. Bob . We gapped up about 1 on the s p at the open and we have stayed up. Lets call it steady as she goes. The same situation in europe. Germany will close in about a half hour. Let me show you how ger germany has been trading throughout the kay. The whole european system up 3 to 4 . Half an hour left to german trading here. In the u. S. 5 to 1 advancing to declining stocks. Its been that way throughout the day. Take a look at the markets in the middle of the day. Banks leading as we got the tenyear yields moving to the upside. Tech and energy also strong. The dollar has been weaker. Oil is up. Health care also leading. Take a look at the big banks. Remember, even here in the u. S. Banks are down for the month. Its been rough with the low yields we have been dealing with. But nice bounces back here, 2 and 3 in all of our group. Defensive names, we saw utilities and telecom rally in the last few weeks. Those are modest losers today. Not surprisingly s ....
Customers, facebook is finding out what it means to be a hardware company. Yes. On Major League Baseballs opening day and today as well, rob manfred will join us at post nine to discuss ticket prices and a lot to talk about. It will be a very interesting conversation. We want to start with tesla. Shares are popping today on reportedly strong early demand nor the mass market model three car. Phil lebeau has been following the figures from a tweet storm of elon musk. What do we know . A big three or four days for tesla and elon has been tweeting and giving us numbers on the amount of reservations placed for model 3. At the end of saturday night, 276,000 reservations, likely much bigger than that now but we havent gotten an update from tesla. The base price for model 3, 35,000. That means if they only sold 276,000 at the base price and we know they go for much more, they bring in 9. 6 billion when those sales were completed. ....