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The u. S. Plans to relocate to relocate its embassy to jerusalem. Abbas has said to be warning trump of the dangers of the move. It would fulfill a Trump Campaign promise made by previous u. S. President s and set aside due to regional concerns. Both of whom claim the holy city as their capital. For more, we turn to marty shanker, bloombergs chief content are officer. This is a really dangerous part of the world. Is. T as you mentioned, previous president s have made this Campaign Commitments that step back from doing it because they thought it would interfere with the Peace Process. Now, donald trump appears to be on the filling that Campaign Promise but at great peril to the mideast Peace Process which ....
Rebounding after a few sessions of losses. Lets get the details from Abigail Doolittle. Abigail bitcoin is one of the bigger stories. It is up 30 , breaking five major levels, climbing above 16,000 briefly. Around 15,000. Pretty extraordinary. The futures for bitcoin will itrt trading on the cme, will be interesting considering it will allow investors to shore bitcoin. It is up more than 45 on the week. Lets take a look at equities. On the nasdaqs 100, russell 2000, the biotech and stocks and chip indices. Biotech, up 1. 6 . We have seen some recent selling for stocks. Today, between bitcoin and some of these other indexes, true growth and momentum. A rebound, suggesting may be the tech selloff we have seen recently was a very shortterm phenomenon. Time will tell. Dig beneath the surface here, take a look at some of the movers we are going to see. Nvidia nicely,tocks up probably being helped by bitcoin, considering some of its ....
Higher by 0. 3 or greater. Look at the nasdaq. It has been a little more beatendown but today up more than 0. 5 . The best day from the nasdaq since november 30. Perhaps investors are feeling a little more certain around tax reform, d. C. Drama and more. One stock that is helping the indexes today we will be getting to in a moment. This seems to be a continuation of the trump trade. Here is this stock, General Electric is up nearly 0. 9 . This is after the Industrial Company announced they are cutting 12,000 jobs within their power unit. That is the biggest unit within their business, about 30 of the business. It is also the most troubled unit. The fact that they are flushing out the plan they gave back on november 13 to cut 1 billion in cost by cutting these jobs, investors seem to be cheering it to some degree thinking it is a solid first step in the turnaround plan. ....
December 22 was sent to the president s desk. President trump just signed the bill after yesterdays praising congress with congressional leaders. Many republicans worry the shortterm thanks could give the democrats leverage. We are on capitol hill with the latest. Is this because the spending bill to get all next up with the tax reform bill . Sahil it is unlikely. They have to operate separately. He cant but the spending bill the reconciliation because he goes through different process. The debate will get mixed up with the tax bill now that republicans have cleared some space to work on that while giving themselves just two more weeks to negotiate a government funding bill. They half to get a deal with have to get a deal with democrats on spending levels, nondefense spending and defense spending. There are a bunch of military hawks that want to raise the dollar forel without dollar increases in domestic discretionary spending, which democrats are demanding. Yes, republican said given ....
Wage growth is not fitting into that equation in the same way, however. I know you will dig into a little bit more. And you will gain in stocks today, not a huge one but enough to put the dow and s p at closing records. The nasdaqy ones, not quite getting there as stocks rose this morning and have stayed relatively consistent throughout the day. As we look through the Market Trends and figure out where that jobs report is being felt, one of the strength areas today is in retail. We have a Endeavors Group of retailers doing well from the Department Stores like nordstrom to some of the manufacturer michaely retailers like kors, under armour, and l brands wrapping out our list. The holidays well, plays into this as as well as , which show robust demand potentially. If you look at retailer for the past several months, we ....