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Begin. Well, will you look at fat, happy monday morning to all of you investors. Dow jones dust fills take the 17,000 level, very nice gain of 104. Taking on why the market is up, dont have one. It is up 134 points. Charles payne however will no doubt have a reason. There are four stocks in the dow jones 30, hitting record alltime highs. 3m, innate health, disney, travelers, straight up. S p 500, a nice rally there,. 6 gain. As for oil, continue this decline. 100 per barrel as of now. And gold, watch out. Biggest drop of the year so far down nearly 30 just above 1300 per ounce. The tenyear treasury not not Much Movement there today. Now this, another big American Company making a tax move. Charles, do you know what the pronunciation is . The old abbott labs. 53 billion. Making the arthritic drug, arthritis drug, largest grossing drug in the world. Charles payne. And this is ....
Will the president respond . Varney and company is about to begin. Stuart this is a very big day on wall street, 257 points, straight up, plenty of earnings reports, more of the coming out after the bell. We will see about that later. Lets get this, 256 points hi, the dow is at 16,700. Here are the names fuelling the dow rallied. Caterpillar made a lot of money last quarter, caterpillars up 5. 3 ms sales were up almost 4 . That is not huge but its business will keep growing through the next year. Is up 8. Transportation sector of very big winner. Two Railroad Stocks hitting alltime highs, Union Pacific and csx. Check more transportation stocks, alaska air, jetblue, writer all with big gains, 19 of the 20 stocks in the index are up. Big rally. Look at the price of oil, dropped to 80 a barrel yesterday backing up to 81. 79 today. The real story for energy is the price of gasoli ....
Some Electrical Equipment has been damaged. Two of the citys three hydro electric power stations are shut down. Any more disruptions could affect the power supply to San Francisco. Take a look at a map showing you how close the fire is burning to the reservoir. The concern is that ash could taint the water. The state of emergency frees up state resources and federal money. Here are the latest numbers nearly 126,000 acre have burned which means the fire doubled in the past 24 hours end in it now the 20th biggest fire in Northern California history. The rim fire stands at 5 containment tonight, so that did improve. More than 2,600 are working to gain control of the blaze. Jodi hernandez joins us live where you attended an Emotional Community meeting thi ....
Nicole after an update yesterday, we are pulling back a little bit, ahead of the fed, so that is going to be obviously in focus. The two things coming out of washington that really grabs the attention on wall street today and tomorrow. We will find out whether or not the fed decides to taper. A loss of two tenths of 1 at 15,855. The nasdaq down over one third of 1 , and the s p 500 down half a percent. That being said, the dow was trying for three straight winning sessions. 3m and boeing helping to lead the way. Both boosting compensation to a certain extent. Watching dividend raises, they are both great performers today. A buyback and wanted to focus also. Back to you. Dagen kicking off the annual waste book event today finding government waste seems to be the easy part of it, stopping it not so much. Connell always interesting to see this kind of a thing. 100 wasteful examples. That is what the staff describes in the latest annual release of the federal government waste book includin ....
A lot of good stories coming your way. Our top story tonight a disturbing shift in emerging health care system. Time warner and ibm, two very Big Companies are pushing their retirees from companyrun health plans and to private insurance exchanges. These two big employers are joining the ranks of other Large Companies doing the same thing in an effort to cut costs. With more on this, senior fellow at the manhattan gerri i have a lot of confidence in our viewers. Very difficult, especially if youre locked into a provider. Whats interesting about this is a lot of private Sector Companies are finding opportunity in this. A standout as one company. A virtual unknown in business. Talk to me about the private sector opportunity. As you said, a huge boom. More and more Large ....