2.2%. still better than earlier in the year. the other big question is how will the trump administration react? the final three months of obama s time, but trump was the president-elect for half of that. it is interesting how he responds to the figures. and finally, the coolest and ambitious projects at google are costing billions. alphabet says it lost $1.1 billion in moonshots. that is self-driving cars and high speed internet access and many more secret. since forming the company, it is difficult to save cash. check out the cnn money stream app. business news personalized and topics you want in one feed. download it on the app store or google play. they have the deep pockets and take big risks on cool ideas.
calling for free tuition for two years. not four. open to all residents regardless of income. no cap. new york capped income at $125,000. check out the cnn money stream app. business news personalized with stories and topics in one feed. download it now on the app store. rhode island not making it income based. i wonder the reason to keep talent local? the big question is the state has to approve it. you have to decide who pays for it. the idea is when you have this generation that has, you know, less wealth and less income than the prior generation, you have to get the student loan debt out. thanks for joining us. i m christine romans. i m john berman. new day starts right now. it was inappropriate for a president-elect to step in to the politics of other countries. i start off trusting both. see how long that lasts.
hedge funds. if he hasn t sold positions, this could present conflicts of interest not only with the stocks these hedge funds invest in, but with the people who run these funds. some donated to his campaign or have close ties to his cabinet picks like treasury secretary nominee and former goldman sachs partner steve mnuchin. let me say this, check out this new cnn money stream app. business news personalized. stories and videos and tweets you want all in one feed. download it now on the app store or google play. it is interesting. the trump team said he sold his individual stock holdings, but they have not made clear of the hedge fund holdings which represent a larger chunk of the portfol portfolio? he sold all his stocks. the disclosure form showed gold holdings and bonds. we don t know if he sold that or what happened with that. interesting to find out. donald trump said on december
well the stock market will likely advance again today. you know there s been this sort of trump rally for the past couple of weeks. the stock market has been moving higher. dow jones industrial average getting ever closer every day to 19,000. number it s never seen before. but, with all that money going into the stock market, it s coming out of the bond market. and that is pushing up yields, and that means mortgage rates are rising, carol. the highest in 17 months. that means if you are buying a home or refinancing a home it s now pretty much more than 4%. a half a point bounce since the trump election. tax cuts, and higher interest rates expected to come under the trumponomics. that means mortgage rights are rising. your 401(k) is rising but your mortgage rates are rising, too. still historically low but above 4%. thanks so much. and the cnn money stream app is business news personalized. the only place you can follow the companies, business leaders and topics that matter most to
there s steel. shares of caterpillar rising. trump says he would double the $275 billion hillary clinton proposed to spend on improvements. this is a bipartisan issue. two other sec tors thtors it all gains. one group of stocks crushed hospital stock plummeting amid fears trump will scale back or repeal obama care. that has made a steady stream of mu customers. community health 21. losing a quarter or a fifth of your value? almost unbelievable there. you can check all this out and check out the money stream app. it s business news personalized.