A briefing set to begin any moment now about these new sanctions. Well bring you those comments live as soon as they begin. We may have to interrupt this next segment in the meantime. New developments on another big story out of washington today, the s. E. C. Hack you heard about this eamon javers has more. Reporter bill, thats right. This is a little bit alarming. The s. E. C. s edgar system is the Database Companies use to file Public Disclosure documents with the s. E. C. , get access to just about every piece of important Financial Information from Major Companies before theyre released publicly. Hackers apparently were able to get into that. Heres what the s. E. C. Said last night about this hack. They said that the incident happened back in 2016. It was originally detected that year but it wasnt until august last month in 2017 that the s. E. C. Learned this attack may have provided the basis for what they call illicit gain through trading, in other words, cyber Insider Trading. T
The fed decision is behind us, at least this one. Now were counting down to the earnings in less than an hour, numbers from facebook, tesla, qualcomm,shake shack, and many, many more. Well tell you what to expect, break down those numbers as soon as theyre released. Here we go again its going to be a huge afternoon. The house tax bill was supposed to be released today now its expected tomorrow morning. We do have a strategist who says the best outcome for the market will be if tax reform does not get done at all. Hes doigoing to explain why shortly. We start with the dow, s p, and nasdaq hitting intraday highs earlier in the day the dow was up 140 at its peak, but all have pulled back from those highs. The dow no, nobody is in record territory lets get to our Closing Bell Exchange diane swan, robert frost at post nine, sitting next to keith bliss, and Rick Santelli checks in from the cme in chicago diane, im going to start with you. No surprise. I asked Rick Santelli yesterday if anybo
Street this is the last week of the month of the quarter of the first half of the year. Thats true doesnt feel like it. Later than its ever been. Investors are paying close attention to whats going on in washington right now in the next few hours were told the Congressional Budget Office is expected to release its scoring of the Senate Health care bill. We will bring you that news as soon as it happens and talk about whether the bill is doomed if it ends up closing too much costing too much. How many people are dropped from the rolls. Exactly all the other same problems that faced the house bill. Yes. Well get to that. Speak being of which, they are trying to pass it before july 4th and President Trump is set to meet indias Prime Minister at this hour to strengthen economic ties between the two nations. What it means for American Companies doing business in india is coming up. The Prime Minister is scheduled to arrive there in 30 minutes. Is the restaurant recession showing any signs o
Are soaring today after earnings were going to have ben axler who was sure to tell us what hes doing with the stock now. First, lets get to our Closing Bell Exchange for this day with the dow up 78 points in record territory samantha is with us. Shes at post nine with steve grasso from Stewart Frankel and rick stan telly, im sure is still reading over the feds statement that came out an our ago. Its very extensive there. You know, steve, we were talking last week about how even when a Company Reported better than expected numbers, the move higher for that stock was limited whereas if they came in below expectations, they were punished greatly this week, a whole different mindset it seems whole different script. When you come in with different numbers i think this market is really, i use the word torqued i feel it is torqued to want to trade higher waiting for an event to make it go all in. Last week we had netflix trade up 9, 10 after the print. Today, boeing, you start to see these th
Trading days of the year. Well see what happens. The dow is up 21 right now. Warren buffet telling cnbc this morning he doubled his holdings in apple this year. Is it too late to follow his lead . Well debate it. After the bell, who will President Trump pick to sit on the fed board. Jim grant will tell us exclusively. Some people in the past have suggested maybe mr. Grant would make a fine fed governor. Fun take on the subject. Looking forward to it. Lets start with the news out of washington today. Eamon javers back at the white house and ylan mui is at our washington bureau. Eamon, a surprise appearance at the press briefing. Reporter yeah, thats right, bill. We had a surprise visitor. It was Mick Mulvaney. He said the president is going to coming up with massive spending cuts in his budget which will roll out in the next month or so. The spending cuts we see, even though hes not detailing them specifically now, will seem awfully familiar to those of us who followed the president ove