Defiant north korea, top north korean diplomat warned his country is ready to send, quote, gift packages to the u. S. Comments come just days after that country tested most powerful nuclear bomb yet. Marking an escalation with standoff with United States and allies. U. S. Ambassador urged the security counsel to impose the strongest possible sanctions to north korea to cut off revenue that lets the nation build Ballistic Missile and war heads. Crisis prompted investors to sell stocks. Dow jones dropped 234 to 21753. Nasdaq was off about 59. Almost 60. S p 500 pulled back 18. Reports tonight from the new york stock exchange. Reporter mounting tensions between the United States and north korea royal Global Markets after north korea conducted most powerful nuclear test to date. Gold prices shot up to one year high in this geo political jitters. In the absence of any major catalyst, earning season winding down, there is a sense of nervousness today. You got a market risen a lot this year.
This year, and coming up, whether now is the time to get back into it. Tomorrow marks President Trumps hundredth day in office, and tom cole says how Close Congress could be to getting a deal done on both taxes and health care. Amazon, alphabet, race to 1,000 a share. We are tracking the action. First to you on amazon. Hey, sara, will. If you are looking at price targets, the streak thinks amazon gets there first. Just shy 1500, thats 25 above alphabets. After the Quarterly Results yesterday, it is getting closer to the milestone. Amazon launched double digit revenue growth, and now heavy investments, and push in the indian market, drone delivery, to the recent nfl deal. Shares surged more than 50 over the last year, and about 25 since january alone. By the way, guys, once shares get 990, jeff besos is the worlds richest man of the its worth noting what spoils the party, and not everyone is on board with the thousanddollar plus average target. After earnings, Pacific Press downgraded a
Funding. And twitter Ceos Jack Dorsey purchasing more stock. Are investors buying it . As we said some big earnings from the likes of apple and facebook. We have the fed meeting two days. We have the jobs number. The french Elections Come up this weekend, jim. Everybody is looking at seasonality trying to figure out what may means for stocks. What are your thoughts . Well, for years i always felt that you do not want to be in tech because were about to go into the summer slowdown for europe. Actually, europe is much stronger this year and i no longer feel like theres a sell in may problem with tech. We know that sell in may doesnt work. Its 5050. But there was a basis for it and the basis for it was most companies in europe just shut down for july and august. So you have to anticipate that. Thats not going to happen. Instead, it might be the other way. I think europe leads us right here. Meanwhile, guys, obviously, big week in congress. David, i know youre going to tackle some of the i
With him, a raucous rally in ohio last night. Like the old days of the campaign. This was trump v. The republican establishment. The crowd was clearly on his side. Meanwhile today, in the swamp, the senate votes on a straight Obamacare Repeal bill. The replacement plan went down to defeat. None of this appears to have any effect on investors. Same old story. Politics is a mess but stocks keep going up. Profits are so strong that the dow is on track to hit yet another record high today. Are we getting used to this . A chaotic presidency. A donothing congress, and wall street on a tear . Thats the story of the morning, and varney co. Is about to begin. [cheers] hes a young one, hes going back home to mommy. Boy, is he in trouble. Hes in trouble. [laughter] hes in trouble. And ill bet his mommy voted for us, right . [cheers] shall we call that an interesting incident last night as the president addressed a very big crowd of raucous supporters as we said it was indeed, a raucous rally. Mor
Meeting. Wantsitish Prime Minister a strong relationship with President Trump, when she first meets with him later today. She emphasized to the United Kingdom that she hopes to pursue trade talks with the u. S. In the coming months. Prime minister may a new trade deal must work from both sides and serve our national interests. It must help to grow our respective economies and provide the high skilled, high paying jobs for the future for working people across the u. K. And america. Jon a core mandy moores and to guy, is bloombergs johnson. What is coming up and who needs to get the most out of this meeting . Guy in some ways, they both need to get a lot out of this meeting. Donald trump had an interesting time in the last 24 hours in relation to mexico. It would be nice for the white house to talk about a positive relationship when it comes to trade. Maybe he is able to achieve that with this meeting with the british by minister. From the u. K. s point of view, President Trump may be th