Capital. Happening right now, President Trump giving senators both a prep talk and beattodown, too, r not getting the health care over the finish lime. Eamon javers is at the white house. Eamon. Reporter thats right. I can tell you that we know some of what he has said to these republican senators. Hes gathering them here to talk about ways forward on the Obamacare Repeal and replace effort which was all but dead earlier this week. Today the president says he wants to continue to push forward. He says ultimately that we have no choice. We have to repeal and replace obamacare. The best option is repeal and replace even though the president suggested early that maybe the best option was to repeal obamacare and wait to replace it until sometime in the indefinite future. Today, the president saying that obamacare was a big lie. It was a lie directly from the president. That was from president obama. He also says that he thinks the senators should stay in town until they have the opportunit
Abigail a record once again. Enough to put both at record highs. The week is young. It is worth noting that the dow is on pace for its sixth weekly gain. Itll be interesting to see whether the record highs continue. The nasdaq is trading lower, confirmation between the s p 500 with the risk on scene that we are seeing in oil. The highest since july 2017. We have a two day chart of oil which shows massive gains. More than 5 . They did pledge to cut production more than previously agreed and nonopec members are saying they also are going to cut production. Some are talking about this as doing whatever it takes for oil. But oppenheimer is saying that 60 a barrel is the new normal for oil. Starks are rising today. Look at the oil and gas index up by 2. 5 percent. The stoxx 600 is down by a quarter of 1 . Biggest weeklyhe gain. A great status. Companies reached overbought levels last week. Energyhest level stocks are overbought for the First Time Since april 2015. That is the best performin
Its unbelievable. Stocks soaring after the president s address to Congress Last night. Well go over what he said that has investors so excited today. Up 350 points. 12,000 f 21,000 for the first time ever. We passed 20,000 35 days ago. It was january 25th. Seems like calendar days . I guess. I dont know. Its been so fast. Its very fast. The quickest one ever, was it 21 . It was back in the 90s. We have dow components like apple, home depot, 3m and visa trading at record levels. Financials leading the rally. Goldman, jpmorgan and wells fargo hitting alltime highs. 3 trillion of wealth has been created in the stock market since the election. Well talk about whether there are still opportunities out there in this market. Thats a lot of dough. Not a bad day to price your ipo. Were expecting the parent company, snap, to come out after the bell today. Well bring it to you as soon as it happens. With the dow powering over 21,000 for the first time ever. Insights from bob pisani who has been w
Today. Road map begins with apple. Shares falling after that first revenue decline for a year since 2001, but its cash hoard swells to a new record. Cocacolas poised to open higher, this after a quarterly beat. North america showed signs of strength, and that did offset sales weakness abroad. And shares of chipotle and panera going in opposite directions, both reporting earnings. Were going to break down those numbers. But first, apple shares falling. Quarterly earnings did beat consensus but profit and rove knew fell for third consecutive quarter as apple sold fewer iphones than a year ago. Apple is banking on iphone 7 to boost holiday quarter. And on last nights Conference Call tim cook talked about prospects for growth in china. Its very hard to gauge demand, as you know, when youre selling everything youre making. And so well find out more through the quarter, but were confident enough to give you guys guidance that were returning to growth this quarter, which obviously feels very
Today. Most news obviously going to be overshadowed by politics. As we said, stocks around the globe rallying after fbi director james comeys comments. The s p looks to break a ninesession losing streak. Jim, ive been looking for corporate news, micro stuff, thats just not going to pop today. No, look, mgm is going to have a good number, but i dont want to minimize it. I did a piece this morning, i look through the charts pretty much every weekend for the last 30 years. I didnt open because it really doesnt matter. Now, we did see the search in the futures and you could argue, now pretty crystal clear, the people who trade futures, whoever they are, clearly theyre not protrump. Or they may be protrump, but they think clinton wins. I found myself thinking, geez, i looked at earnings this week, there are some very important ones including retail. And they just dont matter. Matthew boss with an interesting piece today about how jc penney misses and thats on friday and how macys misses and