Taylor really seeing some big gains on the s p 500. This is the second straight monday where we have seen big gains. All of the monday before that going to march 2 posting big losses, so a relief that you are seeing some gains come in. Small caps are doing the best. This is a barometer of the u. S. Economy. Some hope, given new york city fatalities have perhaps started to level out, that the economy can get running again. There is some hope in the russell 2000. The riskiest of all sectors, the stocks index, many of the chipmakers get the revenue from china, also the biggest performer of them all. Take a look at the vix. 44 handle. This is the lowest going back to march 6. Finally, i want to look at some of the individual stocks moving today. A lot going on underneath the mes. Carnival is up 26 after a Saudi Investment Fund revealed a stake in the company. Ulta beauty rising 26 , added to jpmorgans focus list. Ulta beauty is one that jpmorgan is liking today. Nvidia, chipmaking stocks r
Something. Thank you. Thank you so much for the discussion. Im show jen from china daily. Speaking of asia and china, i want to ask what china and the u. S. Could do to cooperate in terms of Scientific Research and manufacturing and also the promotion of the new technology of Energy Sources and what is the role of ecp in this cooperation. And also, how they effect the economy, the politics an the bilateral relationship between china and the u. S. Thank you. Steve. [ laughter ] that is a big question. So i will take a stab at this but then im handing it straight over to you. All right. Only because your right inside of the game and this is that the cooperation, in my own view, will happen after the innovation. The competition is too stiff, the stakes of winning are too high for any of the countries to cooperate with each other. You are not going to have, for example, japan handing over its innovations to china, to south korea or south korea doing so with china or the United States doing
Electricity from great batteries and methanol from natural gas to get the consumption of oil way down. Thanks, thanks for that question. The short answer is that there are inventors and companies and argan talk about this. Im sure, who are trying all of these. And one of the im a believer in natural car natural gas car future. And its for this reason, that so, you know, in economics, you know, does supply create demand does demand create supply . It goes both ways. One of the most interesting formulations is supply creating demand. And it goes back to the way i like to picture it, is the cocaine model. So did americans become hooked on crack cocaine because we started out being hooked on crack cocaine and then the cartel responded to that . Or did the cartel start pumping cocaine into the United States and then the market developed from that . So just transferring that over to natural gas, here we are in a world were utterly awash in natural gas. I checked yesterday, natural gas is 2.
We have steve ratner, who is with us often. He is one of the advisors. He is about to come here by himself in front of the committee on the tactical issue. We have a lot coming up. On the tax reform issue. We have a lot coming up. Similar story for stoxx 600, down by 3 10. Removing the currency market has truly been unbelievable. 1 buildingr 1. 1 on the rally we saw yesterday. Fourar yield now back by basis point. This is your safety check. Dollaryen down 6 10 of 1 . 112, a huge move. Oil trading on its own fundamentals up 3 10 of 1 . David thank you very much. We will set the stage now. We go to our chief washington correspondent, who is across town. Lets start with the facts. It is fair to say washington was rocked yesterday with this report that supposedly President Trump encouraged fbi director to stop the investigation into flynn. What do we know . Kevin it has been such a busy morning that i have not been able to get to the capital, but and irector james comey, am having trouble
He said the time has finished, so i will have to finish. Can you hear me . Were good to go . Okay. Im going to ask a few questions and engage in a bit of discussion here, and then turn it over for questions. Sir, one thing thats allowed isis the Islamic State to make gains in iraq have been the divisions in iraqi politics and iraqi society. Theres been a lot that iraq is developing a more inclusive government, but your government doesnt have a minister of defense, it doesnt have a minister of interior, theres a plan to engage the sunni tribes but the plan has not yet been implemented. Can iraq form a truly inclusive government now given all the failures of the past . Why can it work this time when it hasnt worked before . Tep interpr translator before there werele many sensitivities between various iraqi groups. In iraq, we are still dealing as groupswere many sensitivities between various iraqi groups. In iraq, we are still dealing as groups who unfortunately citizenship has not been