The ftcs settlement of its back and the stock climbed towards highs in the session. Romaine lets go to our markets reporter. I am looking at the u. S. Dollar. We did not see the same action and the dollar despite the rally. We see the u. S. Dollar slipped for a Third Straight day versus major currency competitors. Investors are trying to haven currencies they happen to outperform during the day. In the amid turbulence markets and resurfacing u. S. China trade tensions. Traders are weighing concerns for Global Growth and the outlook for the u. S. Interest rate cuts and the rise in american Producer Prices added some pressure on the u. S. Dollar. I was looking at the record highs we had. Lets focus on the s p 500. The second consecutive closing high. Above 3000 for the first time. The day,ed. 4 through enough for the superlatives. We really ground higher through the day. Todays gains were set up by fed chairman jay powell, his comments pointing toward easing Monetary Policy at the end of
Noted therces have u. S. Has taken a standoffish approach in terms of the interarab squabble that has emerged between qatar and saudi arabia. We should also note the at the administration, including Jared Kushner, have maintained close personal ties with the saudis and last night the emir of qatar meeting with top Business Leaders in washington, d. C. Along with President Trump. The situation has been fascinating to watch the geopolitics and personalities as the global geopolitical chess game continues and again iran lurking evermore loudly in the background. David as i noticed from the guest list, we had banks will representative with both citigroup and bank of america ceo attending the dinner. Thanks to Kevin Cirilli from the white house. Lets go to the other end of pennsylvania avenue to sahil kapur and talk about the president ial race on the democratic side. One more and one less. Sahil thats right. Just in the span of 24 hours, californiall, the congressman dropped out of the pre
Can the consumer hold up the economy . Or will a Strong Economy give the fed cause to raise rates one more time . Kelly . That is the question. Lets get a check on markets, tyler. Because we changed direction once again. Perhaps because of that concern about another fed hike now. The dow is down 77. The s p 11 both quarter percent drops. The nasdaq down under more pressure down half a percent. Is it rates or the fact that the chips have been one of the weakest trades today. Share of nvidia falling after the u. S. Puts new trade restrictions on chips exported to china. Its specifically targets some of nvidias most cutting edge products. Those shares down 5 today. More on that in just a moment. And activists are getting more active. Engaged capital built a stake in the company up 13 . Down 33 for the year. Wyndham hotels says its rejecting a takeover offer from choice hotels. Wyndham saying the deal involved significant Business Risks a nond in the best interest of shareholders. Wyndham
Attorney general Jeff Sessions, one of the speakers at the National Lawyers society federalist meeting in washington. Later there will be a keynote speech by white House Counsel gahn. D mc live coverage, here on cspan. [applause] host good afternoon, ladies and gentlemen. It is a great pleasure to be with you and to look at this overflow audience here. Particularly, its an honor to me to introduce a gentleman. Hat i have known for long time hes a good friend and certainly a person i have great admiration for. As lawyers we all appreciate the many responsibilities of the attorney general. He is, of course, the chief Law Enforcement officer of the area easedernment area eased the Legal Advisor to the executive branch. And he has a special responsibility to the people of the country to be sure that the constitution is preserved and protected. Sessionscareer of jeff could not have been better to make him such an ideallyqualified person for this responsibility. Jeff, of course, as you know,
Were going to tell you about the new drug trial results weighing on that company today. Guess how it went. Well, it went well for someone else yeah. Exactly. Box office blues Movie Theater stocks are getting crushed again today. Six superheroes cant even save those shares being very opaque here but well explain coming up in a little bit. First, breaking news, just this afternoon on fed chair janet yellen, our dom chu has more on the story. All right, so guys, Federal Reserve chairman janet yellen will be leaving the fed completely in february and this is what some fed observers say is no real surprise. Fed chair yellens term as chairman expires in february we know this and President Trump has already made his pick to be the next fed head thats current fed governor Jerome Powell, of course, pending confirmation by the senate there had been some speculation around the notion, perhaps, yellen would maintain a presence on the fed board of governors since her term adds a governor of the cen