Its inflation and employment goals, and the central bank is headed for its expected policy path. More from that exclusive interview with the Federal Reserve vice chair. As we have been reporting, donald trump is to hold a News Conference in a little bit. He told us earlier on in is near its inflation and employment goals, and the central bank is aaded for its listening meeting with congressional leaders that he would have a press conference from 12 00, and a press release from the white house came out and said there will be a News Conference at 12 30. Is ostensibly to name his new labor secretary picked up right lets bring in senior Bloomberg White house correspondent. Margaret, we have some names. Nbc is reporting that Alexander Acosta is going to be the pick. Margaret thats right. That is reported by mbc as well and we are all working to confirm this, the short list you mentioned. , as well as joseph guzman, a reporter and Catherine Templeton from the South Carolina labor department.
1. 5 . Nestle shares sink at the start of trade as the swiss firm misses earnings and forecasts and scales back its growth targets, with the ceo telling cnbc he is disappointed by the results. Year by year in this presentday environment its much more prudent to give forward sales growth and guidance as we did today. On the defensive. Cobham shares lose a quarter of their value after the British Aerospace firm issues a profit warning for 2017 after missing fullyear forecasts. The white house denies a wall street journal report that u. S. Intelligence officials have withheld Sensitive Information from President Trump, this as his secretary of state, Rex Tillerson, makes his International Debut at the g20 Foreign Ministers meeting. Good morning, everybody. Welcome to the show. Weve got an hour together. Very glad to be in your company. I want to get you some flashes that are just hitting our wires via dow jones. It seems that the Deutsche Boerse ceo has been giving a growth target and als
Right now. Good morning. Very warm welcome to Worldwide Exchange on cnbc. Im wilfred frost along with Courtney Reagan in for sara today. Good morning. Very good morning. Its throwback thursday, with courtney here were throwing it back to country hits. Youll have to educate me as we go through. Who is this . This is lady a. , right . Lady antebellum. I guess well have some garth at some point . The only name i know. I hope so. Throwback thursday, and another record high for the markets. Yesterday all three four including the russell 2000 yet again hit record alltime highs. Led once again by the financials. Albeit a slightly broader rally yesterday than the prior day. Renewed hopes of a trump tax plan, strong data which drove up yields, which drove up financials, as i already mentioned, some earnings, the likes of pepsi, Procter Gamble leading the Consumer Sectors higher. The bond proxies like utilities were underperformers. We are called fractionally higher today. Thats a better picture
Wow. 20 . Thats thats a real add on to the 5,000. Thats real money to people that are yes. I heard Carl Quintanilla say yesterday weve seen more points added to the nasdaq this year than all of last year and its only february. Six weeks into the year. Theyre doing some kind of calculation again on historically in a new president , the quickest stock market gains out of the gate. Is this this month is the fastest. Since lbj. This must be from january 20th. This is from the inauguration. Its funny. Remember, we had a lot of naysayers who said, from november 8th to december 8th we got gains, then it stalled. Then it was about three weeks ago it started again. Whats the that would be january 20th, right . Well just over 3 1 2 weeks. Okay. A lot of stuff. The back drop for you, i know, your water cooler stuff. A lot going on for you. It is kind of shocking to see some of the turmoil thats before us and the headlines and the market ignoring it. The market could always if it became very serio
Legislation. Our roadmap begins with signs of confidence and optimism, those are the words of the president as stocks notch their longest record setting streak in a quarter century. Plus, trumps cabinet trouble. The president s top pick for labor suddenly withdrawing from a nomination with nearly half of his cabinet and Administrative Team still yet to be confirmed. Snap valuing itself between 19 billion and 22 billion as the owner of snapchat prepares for one of the most hotly anticipated ipos of the year. First up though, the historic runup in stocks getting the president s attention. This morning he tweets, stock market hits new high with longest winning streak in decades. Great level of confidence and optimism, even before the tax plan rollout. Hes referring, guys, to the series of record highs set by all three major indices for a running number of days. And if you look back at the first month performance on the s p, jim, hes got the best record. You got to go back to lbj to see an