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Brennan and jon fortt. Markets have been well off the highs. Dow was up 937, trying to hang on to about 400 points on the dow right now. Lets bring in mark mahaney of rbc, david lovevitz of jpmorgan. We knew 2700, 2750 would be a bit of a battleground and its turning out to be exactly that yes, exactly. One of the things thats occurred here over the past couple days really over the course of the past weekend is you finally saw consensus earnings system begin to come down and the narrative that had been in the Market Equities are looking cheap, the question we were always asking was cheap relative to what earnings . When you use the new estimates that are around 145 a share, you know what youre seeing is stocks are looking fairly valued not outright cheap and i think thats a big part of why were seeing things run into resistance at these levels mark, its a great opportunity, davids answer, to ask you how in the world analysts are ....
Financial markets in europe, the ftse very slightly up. Sally . If men, orwomen, grappling in a ring is yourthing well talk to the entrepreneur whose business helps wrestling fans follow their heroes around the world. And what you think of theresa mays plastic plans . Fantastic, or do they not go far enough . Do get in touch. Hello and welcome to business live. We start with brexit, and the future of britains huge financial industry once it leaves the eu next year. Today the uk chancellor, philip hammond, and brexit secretary david davis are in germany trying to win support for a favourable post brexit trade deal, especially when it comes to Financial Services. The Financial Sector is the uks biggest exporter, accounting for 10 of the entire economy and 2. 2 million jobs. But the uk argues the city of london is also important for europe. Mr hammond and mr davis will rem ....
Lauren stocks in rally mode as the market dared to open higher. Right now you can see the cac in the dax in paris and germany turned lower. Trench at the nikkei and the lower point in chinas shanghai composite siding 1 . And at the grammys. This country was built by dreamers, for dreamers chasing the american dream. We offer you two words. Time up. Lauren more politics than music at the Grammy Awards are the highlights in the low lights. Fbn am starts right now. Train 25 01 a. M. In new york and monday from a january 20. Good morning. Im cheryl casone. Lauren good morning. Im lauren simonetti. Cheryl just a thought that politics are in the career award shows, the grammys have been. Lauren i had no hope that graham is the dramatic politics, but more than we thought. President trump is set to lay out his 2018 agenda. His first state of the Union Address tomorrow night. Tax cuts c ....
Last week. Then on monday that nearly 600 decline. Another 200 point loss tuesday before yesterdays big surge the dow is still down though. More than 1 this week. But the nasdaq has narrowly erased this weeks losses off by. 2 . I was on the floor of the New York Stock Exchange all week and its not just the crazy moves where we settle, its the intraday volatility. Everybody was bracing for a repeat of tuesday. They had this giant rally and it started to lose steam and everybody thought here we go again and then it charged back. A bounce . A technical bounce . The first day, looks like wow, this is great. This is great. Its slowly declined down 200 and the next day it looked like thats going to happen again. You know at the end its going to melt up this time tnchts question is what comes next. Looks like were extending those gains. Is that the bottom . Is there a place called youre going to ask me if its the bottom. We dont ....
The sfenate flaplan ylan reporter we dont have to rely on sources because the Senate Version of the tax bill is now officially out. Here is some of the key details. As weve been reporting, it would delay the introduction of the corporate rate cut by one year to 2019 however, it would get down to 20 and stay there permanently it would also limit the ability of companies to deduct their interest, but give them full and immediate expensing for five years. The individual side of the senate plan is quite different from the house version of the bill the Senate Version has seven individual tax rates the top tax rate is 38. 5 . The senate bill will also include a full repeal of the state and local Tax Deduction. Now, that gives them a lot of money to play with to do some other things in the bill such as keeping that 1 million lim ....