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He is an ohio native, graduate of miami university. While working for avery dennison, he was part of the team that set up the first commercially successful selfadhesive postage stamp. He has written 20 books. His biography won multiple awards, including the a prize for confederate history. He has written several articles for the gettysburg magazine and other historical publications. Scott and his wife debby reside in north pennsylvania. Scott . Welcome. Scott thanks for coming today. I want to talk about the railroads in pennsylvania. I have written three books on the railroads. They were from east to west, the philadelphiawilmington baltimore railroad. The northern central railway, harrisburg to baltimore. The third key railroad that ran between maryland and pennsylvania during the civil war. The Cumberland Valley railroad will be the subject of our talk today. All three railroads were targeted by the army during the civil war ....
Scooped all the bears. Thats where our road map begins this morning. The inflation picture, of course, is what were talking about. Weve got wholesale prices increasing less than expected, as jim just said. Two banks also lowering their rate cut expectations. Thats off of yesterdays cpi news. Were keeping an eye on big tech as well. Nvidia shares, theyre bouncing ahead of the open. Jpmorgan, lowering its apple price target, and you just heard from amazons andy jassy, saying so many Different Things, including the fact that hes committed to costcutting while investing in a. I. Plenty of other stocks to track this morning. Nike, airbnb, chevron, occidental. Well go through all the upgrades and downgrades. Lets get to the Broader Market here. First, lets get a reaction to ppi after yesterdays selloff on the cpi. There was a lot to like. I think theres a lot of confusion about t ....
One that moved stocks, if not the markets themselves. Theres one stock on the move today, apple, another all time high. You know, josh, this is becoming a recuring theme. Market opens, apple hits a new high. Qs hit a new high. Heres whats interesting about apple that i dont think a lot of people have proseccoed. Apple made a market cap all time high in february 2015. And then even though price continued higher eventually, its not until friday that apple repeated and made a new market. Thats because of all the buybacks, so it really took two years for apple to become worth more than it was in february 2015 and now were through that level, 790 billion, the most astonishing thing i could point out, this was a stock that is now up 31 year to date. Far outpacing year to date anything going on with the dow, s p, people thought this was a consensus. It will do what the market does. Very, very far from it, my friends. Wyche, this is becoming get in the way of this at your pe l peril. You came ....
Good afternoon. We have the best reporters in the business tackling this massive news day for you. Bob pisani is live at the new york stock exchange. Eamon javers is standing by on capitol hill. Lets start with john harwood live outside of trump tower. John . The president elect, donald trump, had his first News Conference in months since july, actually. And he addressed a wide range of controversies that have been dogging him over the last several weeks. Lets start with a bit of policy news. You heard about the or you eluded to the farmna npharma ne. On obamacare, he wants a virtually simultaneous replace and repeal process, so that within even the same hour or the same day or couple of days that they would offer an obamacare replacement plan to a company, the repeal process. He said he would announce a new Supreme Court justice, his choice for that position within two weeks ....
Scarlet we are all back. Julie lets talk about whats going on in the markets. Stocks are back toward the low of the session. Near the bottom and theyre not help with the next bag of data with a report that came below estimates with factory orders beating estimates. Beating in thees u. S. You can see that the major averages are not getting any solace from that. If you look at the s p over the course of the day, it did make an attempt at a recovery in midmorning and then came back down again. It just about cut declines in half at one point. What is going on internally here . Lets look at the groups on the move. Energy shares of the worst performers along with materials, and financials, which were also dragging on major averages yesterday. Utilities holding up well as we have seen Natural Gas Prices fall and bond yields fall as well. I did want to dig further into what is going on with oil prices. We havent seen a rally in oil un ....