Much as yesterday, of course, when it posted one of it best days since january joining us for the hour is mark tepper, founder and ceo of Strategic Wealth partners. And mark, you know, a rally like this going into year end has got to make your clients feel good but do you tell them not to expect the same thing next year . Thats absolutely the conversation were having with clients right now. I mean, it has been an awesome year markets are up about 30 all on the back of no Earnings Growth whatsoever. So its all been multiple expansion. Its all been an increase in Investor Sentiment so were telling clients right now, manage your expectations for 2020 dont expect a repeat of 2019. I think, unfortunately, a lot of Retail Investors tend to have a shortterm memory when it comes to market performance. So, its not easy. You do have to work at it. Expect good gains in 2020, but nothing like this. Lets focus in on the big stories were watching today Frank Holland is tracking the nasdaqs run to ne
Kick off the final hour of trade. Look at the dow jones industrials, down 40 points. Low of the session, down 291. So a big comeback here. The s p 500 down 19 points, but weve got breaking news on the nasdaq. Right now it is still falling deeper into the correction hole, right now down 122 points. Of course, it tumbled into correction yesterday. Right now the techheavy index though is well off the lows of the session. You can see low of the session a loss of 277, so weve chopped that in half. Yesterday though the composite suffered its worst day in eight months, clocking a 318point loss are. Alphabet really led the dive into correction with a bruising 9. 5 loss on weak cloud results, the google parent getting hit again this session, down 2. 69. Off the lows, but thats good for at another about another clip of 2. Yesterday was the worst performance for the stock in three and a half years. Microsofts 3. 1 gain wednesday was not enough to cushion either the nasdaq or the dow, and today it
That has affected people and their money. From times square in new york city, the new wall street week. Anthony gary is on vacation today. I m pleased to welcome david rubenstein, cofounder of the carlyle group. Pleasure to have you on the show. David pleasure to be here. Anthony i want to talk to you about your up bringing. David i grew up in a baltimore. I thought if i was going to go somewhere i would need a College Degree and i tried very hard to for a scholarship. Anthony parental pressure . Selfmotivated . David like many jewish parents, they are happy with whatever their parent their children do better. Law school back to the country. Be a dentist . She thought it mankind. She thought that if you were a dentist you were a doctor without Weekend Hours and she should aspire to be. Anthony your first job out of law school was practicing law . David i came to paul weiss in new york and ted sorensen was among the people serving in government and i thought if i went to work for him or
Taken. Stateoftheunion. Income inequality. The president takes aim tonight in front of congress. Whats causing the widening income gap and what are possible solutions . All that and more tonight on nightly Business Report for tuesday, jan 28th. After six losing sessions in a rows dow found muchneeded gains after the selloff in emerging market currencies levelled off. A batch of strong earnings reports before the opening bell prompted investors to buy stocks again. Todays gains happened despite a surprise drop in december durable goods orders and a big selloff in shares of apple following disappointing earnings late monday. Heres a look at the closing numbers. The dow jumped more than 90 points, nasdaq added 14, the s p up almost 11 points. More now on those earnings from some bigname companies out before the bell today. That gave investors something to cheer about. Morgan brennan has our report. Reporter four companies posting Fourth Quarter earnings that beat wall streets expectations
In front of congress. Whats causing the widening income gap and what are possible solutions . All that and more tonight on nightly Business Report for tuesday, jan 28th. After six losing sessions in a rows dow found muchneeded gains after the selloff in emerging market currencies levelled off. A batch of strong earnings reports before the opening bell prompted investors to buy stocks again. Todays gains happened despite a surprise drop in december durable goods orders and a big selloff in shares of apple following disappointing earnings late monday. Heres a look at the closing numbers. The dow jumped more than 90 points, nasdaq added 14, the s p up almost 11 points. More now on those earnings from some bigname companies out before the bell today. That gave investors something to cheer about. Morgan brennan has our report. Reporter four companies posting Fourth Quarter earnings that beat wall streets expectations today. Starting with pfizer. Increased sales of drugs for cancer and arthr