The First Time Ever in intraday trading and marking the latest milestone in the stock markets historic bull run. Corporate takeovers, which well have more on in just a moment. And hints of more stimulus from the European Central bank help stocks hit that psychologically important number. Adding to the enthusiasm, a report from the chicago Federal Reserve, which shows Economic Activity expanding at a rate above its historical trend. By the closing bell, the dow rose 75 points. The nasdaq added almost 19 and the s p 500 up nine and a half points closing at 1997. 92. Dominic chu has more on the 16year journey for the s p 500 to cross that 2000 mark. Reporter february 2nd, 1998. Remember what it was like back then . The average price of gasoline was 1. 06 a gallon. Today, its 3. 47. The s p 500 large cap stock index crossed 1,000 for the first time. Today it crossed the 2,000 mark. The mid to late 1990s were all about tech companies. But today its more balanced. Its interesting. If you loo
Trading and marking the latest milestone in the stock markets historic bull run. Corporate takeovers, which well have more on in just a moment. And hints of more stimulus from the European Central bank help stocks hit that psychologically important number. Adding to the enthusiasm, a report from the chicago Federal Reserve, which shows Economic Activity expanding at a rate above its historical trend. By the closing bell, the dow rose 75 points. The nasdaq added almost 19 and the s p 500 up nine and a half points closing at 1997. 92. Dominic chu has more on the 16year journey for the s p 500 to cross that 2000 mark. Reporter february 2nd, 1998. Remember what it was like back then . The average price of gasoline was 1. 06 a gallon. Today, its 3. 47. The s p 500 large cap stock index crossed 1,000 for the first time. Today it crossed the 2,000 mark. The mid to late 1990s were all about tech companies. But today its more balanced. Its interesting. If you look back into the 1990s, when it w
Moderation like that. This wonderful nation. But more or less this is america, so safe. That situation has completed changed. [inaudible] so thank you all. We and they is actually unrealistic. So we must think entire 7 billion human beings, we must consider. That is my honest belief. So no problem. As a politician [laughter] or that you see, a little bit of insane person. Still same person, human being. [laughter] clear . Clear. So the main purpose, you see, we have to sort of look seriously about future of humanity. At least this century. Now, we already enter the 21st century. Now, remaining the century, i think like becomes very, very, turning point century. Now this century also should be. So in the past century, a century of violence, century of war. This century should be century of peace. Peace not come from the sky. Since the violence we created, so peace, we must create it. Piece only, through our action, not through Wishful Thinking or prayer. Ive witnessed in my daily life,
Odds or which day in which week is probably not helpful that i think everybody understands that if it tracks out to long but the political calendar can start working again. Sonata tomorrow is what youre saying. Moving on the problem is we are getting all of that to the competitors. Very good. We will read that in the National Journal leader. [laughter] just kidding. I want to talk a little bit about the James Burling experience with lighted up the gst is a little bit and we were talking backstage about the pollyanna view of what washington was like in the clinton years in the late 90s and republicans and democrats got along better and there were negotiations that led to the agreement whereas now it has been much more difficult. Maybe that is less so now that we dont have the debt ceiling fight and there seems to be more of a desire on the republican side to create a fiscal crisis, but tell me a little bit about how your interactions and negotiations with republicans on the legislation,
Setting up for pretty nasty open. At least if youre long at this point. Look at the tenyear. Thats become an important oh, its always important but its become perhaps important again to whats going on in terms of trading and the view of the overall equity markets rising to twoyear highs after weekly jobless claims fell to levels not seen since october of 07. Yes that is a good thing. In fact, you could argue thats even a good thing, too. Lets get to the road map. It starts with the major indices in the red. Investors wondering whether we were in taper territory as two dow components red on the market. One is walmart. Shares rolling back today after the retail giant cuts the fullyear forecast citing tightened Consumer Spending and payroll tax increase. Another dow component deep in the red today as well is going to be cisco. Company cutting 4,000 jobs despite an increase in profits that is sending the stock down sharply in premarket trading. And organic food maker annie is up 40 out per