We do know some options that they have. Well explore that a little bit later. Meantime, i was telling you about a lot of depressing economic news. Latest home sales are expected to fall at least 15 this year. That adds to a string of stunningly weak numbers. I say stunningly weak. Wall street was bracing for some bad numbers but to connell mcshane, i dont think they were bracing for this bad. To you, my friend. Connell i think that is the point, neil. In many ways to your point what we learned on both the economic front and when it comes to earnings is soar of confirmation what we already knew. That this economy, thanks to the coronavirus inspired shutdowns is in very rough shape. But when you look at things like retail sales and drop we saw there, this, is even worse than we thought. I mean the largest drop that weve ever seen in retail sales on a monthly basis. So thats march. Economists know april is likely as bad or worse. This comes from the commerce department, only been tracking
Although its been said before, weve got new old news, i guess that the Drug Companies and the opioid business are facing a criminal probe. All of which would have at one time virtually trashed this market. Instead, the dorn thing just wont quit. Dow gained 55 points. Nasdaq advanced. 18 with all three closing at record levels. So we have to ask ourselves, what the heck is going on here so you know what im going to do in honor of these records, im going to run down all the reasons why this rally keeps on trucking first, while, indeed, discounter dollar tree had problems with the tariffs, the big guys are doing just fine. Walmart, target, amazon, costco simply havent felt the pain. The tariffs air problem for some many chains but the sky is falling narrative hasnt played out. Inflation remains subdued. When you consider everybody was predicting the trade war would devastate all retail, things are going much better than expected. Number two, the enterprise is very soft, but far fewer comp
and whether or not nikki haley, her vote increase does go up. and what that means? for republicans. thank you for joining us, santa news night with abby phillip starts now republicans keep trying to prove that there s fire where they he sees smoke. that s tonight on news good evening. i m abby phillip in new york tonight if at first you don t succeed, dust yourself off, and try again. i ll republicans, okay. they may not have leah committed to memory three, but it definitely seems like they ve taken that advice to heart and they are perpetually in search of evidence to pin crimes on biden s allies. now they re supposed to be proof in the pudding, but republicans can t seem to make jello the gop struck out on the mayorkas impeachment. they lift again when they tried to impeach joe biden. and just yesterday, they tried to turn anthony fauci into dr. frank inside. they laid the blame for a monster covid pandemic at his feet and now today, congress gave us the latest exampl
The nikkei closed up by a half percentage point stocks were mixed in china hang seng down by 2 if you look at whats happening in europe and the early trading, things are mixed there stocks down in london with the ftse down by 0. 6 . Stocks up across the board in the other countries. The dax in germany up by 0. 9 . A gain of a half percentage point in france. Crude prices, wti around 57. 50. We are up another 55. Yeah, market was up 255 yesterday. Think if the market was down 255. Think of what we would do with 160 point observe a down day or 190 as far as the sentiment in this market right now, if the market were to go down we take it in stride when we hit new records. Yeah, the market is going up. Maybe its powell or tax reform. Thats 300 points this morning, if we went down 300, you would be every newspaper, they would have picture traders going stock shot. Stock shot. Is that what they call those . Stock shot. Stock photos. Not about stocks. No. About something that you got on file
The market, that sometimes we have trouble comprehending when washington does something incredibly positive for stocks or does something great for the economy for that matter. Yeah, but thats exactly what is playing out here right now dow gaining right now. S p falling. Yet i am telling you, i find many people still refuse to acknowledge whats happened out of washington. The combination of lower taxes coupled with deregulation and a tougher line on trade is fantastic for the market throw in a booming Global Economy and it is a beautiful thing to behold. Now the cynic in all of us has conditioned to believe that big business is all about rewarding shareholders and shareholders. Hand over checks mostly to people who are already incredibly wealthy for example, we have heard over and over again if we let companies repatriate over seas cash, they will use that money this will help this whole country prosper. And to be fair, that is what these executives did the last time we got a repatriati