All that and more on nightly Business Report for friday, february 14th. Good evening, im sue herera. Good evening from me as well. Im tyler plath son by the way. For stocks today capped the best week so far this year. The dow, nasdaq and s p 500 all gained more than 2 . The week. Nasdaq touched its highest level in nearly 14 years and ran its win streak to seven consecutive sessions. The longest such streak since last july. Now all ten of the s p 500 sectors were positive for the week led by utilities, health care and materials. Investors shrugged off a drop in Industrial Production data and today at least said, snow what, to winter weather. The dow gained 126 points. The s p 500 rose more than 8. The nasdaq picked up 3. Gold was higher by 19 an ounce closing at 1319. In the process it broke through a key level and traders say look for gold to rise now in small increments. Lets turn to Chris Gaffney for his market analysis. Hes Senior Market strategist with everbank. Nice to have you h
Something wrong . It took me five minutes to know that it was a fraud. It took me another almost four hours of Mathematical Modeling to prove that it was a fraud. watch ticking safer so this was the scene of the crime. Irving picard gave us a tour of Bernie Madoffs 19thfloor offices, an impressive landscape of emptiness. His desk was here. Safer picard has the thankless task of finding the money, the billions that madoff scammed. watch ticking Arlan Galbraith who called himself the pigeon king convinced hundreds of american and Canadian Farmers there was good money to be made raising the birds for food. And everybody we talked to said this guy washe was on the up and up. Nobody had a bad word to say about him. watch ticking stahl welcome to 60 minutes on cnbc. Im leslie stahl. In march 2009, Bernard Madoff pleaded guilty to perpetrating whats believed to be the largest financial fraud in history. He received the maximum sentence for his crime, 150 years in prison. But while madoff is b
And well talk about that, whether the markets weary of chair yellen. Also, were expecting perfection. Anyway, when the bell rings in about an hour, thats when the action here might really heat up. At 4 00 p. M. , a new crucial rounds of Bank Stress Test results are due out. Well have that vital report on which banks made the grade and which did not, if any. And the financials have been very strong today, as they were yesterday. 18 of the s p 500. Jpmorgan is up like 6 this week. So expectations, if you want to put it this way, are pretty high. Well find out more in about an hour. Plus, nike reporting earnings. Keep it here for the numbers on that one and what it means for consumers. Of course, tomorrow morning well shift our focus to tiffany. Thats still some time away. A busy hour next hour. Thatll be fun. Plus, googles larry page says if he had to give away his billions, he would rather give all that money to elon musk than any charity. Now, before you judge him, wait until you hear
Safer so this was the scene of the crime. Irving picard gave us a tour of Bernie Madoffs 19thfloor offices, an impressive landscape of emptiness. His desk was here. Safer picard has the thankless task of finding the money, the billions that madoff scammed. watch ticking Arlan Galbraith who called himself the pigeon king convinced hundreds of american and Canadian Farmers there was good money to be made raising the birds for food. And everybody we talked to said this guy washe was on the up and up. Nobody had a bad word to say about him. watch ticking stahl welcome to 60 minutes on cnbc. Im leslie stahl. In march 2009, Bernard Madoff pleaded guilty to perpetrating whats believed to be the largest financial fraud in history. He received the maximum sentence for his crime, 150 years in prison. But while madoff is behind bars, theres still much we dont know about the scam which involved, by some accounts, a fraud of more than 50 billion. Investigators are still trying to figure out who was
Cycle . Thats his gift to janet yellin. Those stories and much more coming up on the kudlow report beginning right now. Good evening, everyone, im larry kudlow. This is the kudlow report. We are live here 7 00 p. M. Sxeern eastern and 4 00 p. M. Pacific. Much of the east coast digging out from a big snowstorm today and man,s is it cold. Single digits here in new york. Nbc newss ron mott joins us live from boston, where it may be worse. Good evening, ron, and thank you. Reporter hey, larry, good evening to you. Let me tell you, it is so cold out here its hard for me to really convey to you how cold it is. The muscles in my face are really straining to be able to get this mouth to talk, but i can tell you its 9 degrees right now with a wind chill of about 7 below. The temperatures are plunging quickly. And overnight were expecting the wind chills to hit minus 20. So theres . Real concern about the Homeless Population in boston. There are teams going around the city trying to get them int