1 . The ten year yield is at 242. Were watching oil closely. Getting back above 50 a barrel for the first time in a while and holding above that level. This morning our road map starts today with an historic quarter. Futuring pointing to the lower futures pointing to the lower open as we said but stocks are setting records for q1. Plus, President Trump to sign new orders aimed at combating Foreign Trade abuses today. This as the white house prepares for a meeting with the president of china next week. And after lululemon shares plummet, hear what the ceo told jim about turning around the companys sales. The first three months of the year belong to the bulls. As we head into the final trading session of the quarter the s p 500 is up almost 500 on pace for the sixth consecutive positive quarter. The same for the dow. The big winner is the nasdaq up nearly 9. 9 after closing at a record high yesterday. Jim, the dow is set for its longest quarterly winning streak in ten years. Yeah, look,
Announcer this is nightly Business Report with tyler math stocks slide. More geopolitical concerns erupt, and the dow turns in its second worst week of the year. Active versus passive. The debate rages on. And theres new fuel to add to the fire. And how to turn life lessons into success on and off the fields. New England Patriots coach Bill Belichick shares his wisdom. Those stories and more on tonights nightly Business Report. Good evening, everyone, im Contessa Brewer in for sue herera. Welcome, everybody, im tyler mathisen. It was a short week but a tough one for stocks. Second worst week of the year, second weekly slide in a row. The declines were mild early in the session but steepened midday, as the mother of all bombs, the countrys largest nonnuclear explosive, was dropped on a suspected isis tunnel complex in afghanistan. The dow and s p closed at the lowest levels in two months. The dow index lost 138 points. Nasdaq was down 31 points. S p 500 fell nearly 16. For the week, the
Passengers were shaken up. Greg a fire breathing stunt went bad at a pep rally. I have seen this, you know, magic shows under the supervision of a network. Not at a High School Pep rally. Rosanna walking and texting. Taking care of that. Greg it is a problem. Rosanna it is dangerous. Greg you hit a pole. Do that. Greg so far, so good. What else. Rosanna we like eric. He is a friend of good day new york. Greg yes. Is accurate is in this town targeted. Rosanna by the way, it was his wife. They goodness she is okay. This has got to stop. It is ridiculous when you start targeting family members here. Greg lets get to work, shower we. Mike a lot of sunshine out there. That may be happening around parts of the tristate. The sun will be fading as it day goes on. Give you an idea what to expect as you step out the door. Temperatures will be on the mild side. About 47 degrees. For this time of year, that is an above normal temperature for this time of year. Fortythree in islip. Fortyseven in mo
And, folks, a key part of the estate tax, controversial tax to begin with, being almost totally ignored. Is the irs about to strike back . Well tell you about that one. We certainly will. We start with fed chair janet yellen getting grilled on capitol hill on regulating the banks and also her comments on the economy. Steve liesman, take it away with the highlights. Shes just finishing up testimony now, mandy, on the last question of the hearing that gab at 10 00 a. M. This morning that was supposed to be aboutbac banks but ended up mak news on monetary policy. Chair janet yellen told markets to wake up and get ready because december is a live possibility. What the committee has been expecting is that the economy will continue to grow at a pace thats sufficient to generate further improvements in the labor market and to return inflation to our 2 target over the medium term, and if the incoming information supports that expectation, then our statement indicates that december would be a l
Premarket. The company forming a special committee to review allegations about its business relationships. Analysts call going on now. Mixed review for yahoo first ever live stream of an nfl game. And trump speaking out in a town hall today on the today show. First up, the dow, s p, nasdaq each aiming for a fifth consecutive week of games. The s p up more than 8 this month, vaulting back into positive territory for the year. As we said, a busy week ahead. A lot of earnings including results from apple, pfizer, merck, exxon, dupont, starbucks, twitter. The twoday fed meeting, on wednesday, right here on cnbc, the republican president ial debate. Coverage at 5 00 p. M. Eastern time. As far as stocks go, jim, october remains the best month since 2011 for all the major indices. We have seen an incredible rotation out of health care, out of retail after the vf corp numbers last week. Into industrials. Into technology. The financials have held up fairly well. Not great. Not bad. Insurers hav