Later on in the show, you wont want to miss it. First, the dow had a major milestone that even the president had something to say about. We did in fact break 25,000, very substantially break it, very easily. So i guess our new number is 30,000 but what it means is every time you see that number go up on wall street, it means jobs, it means success, it means 401 k s that are flourishing it also means americans are getting richer from the stock market the s p 500 opening the year with three Straight Record closes this is the first time thats happened since 1964. 54 years ago, for those keeping score. The dow and nasdaq on their own recordwreaki recordbreaking rallies. Could 2018 be better than 2017 how long can this euphoria on wall street last i remember 1964 like it was yesterday. It was yesterday for you. Ha ha ha. Ha ha ha. Dow 25,000 is a big deal. Why . People that typically wont be talking about the stock market are now talking about the stock market people that havent looked at t
A few days ago it was the nasdaq at 7,000 overnight in asia, the nikkei, if you think these numbers have been good here, up by more than 3 . It had been closed for a bank holiday over the last two days so it had some catching up to do right now you can see the hang seng closed up by a half percentage point as did the shanghai if you look at whats been the early trade in some of those european markets that we watch closely, up across the board gains of almost a percent for the dax in germany and the cac in france. Ftse hanging in there. Still in the green with italy and spain, each up by 1 and look at crude oil prices yesterday a rally in crude oil, up by 2. 1 this morning additional gains of 11cents. 61. 74 a barrel for wti big corporate stories of the morning. Tesla is still struggling with production the carmaker releasing Fourth Quarter delivery numbers that fell short of expectations again, pushing back production targets for the model 3. Tesla delivered 1550 units of the highly an
Bit of a bounce. Not much. Were not going down. Trend aint your friend. Its been a downside. Look, target, it was. Reporter 225. Right. So i mean, that obviously isnt good for the banks. I think the fundamental story still stands strong for many of the banks, but obviously, this is one of the pieces that theyd like to they would love if this thing started to move and we had a 26. I dont know that were going to see it, scott, but theyll survive and theyll do just fine even in the environment right now. Yeah, if you look, joe, in the pags month, venture down 5 . They are. How does the trend reverse if rates continue go down . As some suggest if that trend continues, the whole market is going to fall part. I respectfully disagree been its more how does it go back. Lets talk about bank of america. 17 in november, 25, 50 at its high point, somewhere around there, 23. 50 today. Folks are talking about the move in bank of america being over. The financials are trading at the upper end they do
Obamacare. Hear from the ceo of Molina Health care, one of the companies that could be at risk. The white house appears to take the lead on the push for tax reform now, but will a border adjustment tax be in the bill . Hear from the house ways and Means Committee chair, kevin brady, a key proponent of the tax. Thats a first on cnbc interview a little bit later in the program here. But we again with a trump administrations reported exploration of two controversial new taxes, eamon has the latest from the white house. Yeah, hi, kelly. This was a story broken by the Washington Post hours ago earlier this afternoonment i talked to the white house official. They are not disputing the Washington Post reporting here. Heres what we know from their reporting under consideration in the tax plan that is being worked on here at the white house. Two ideas. One is a value added tax. The other one is a carbon tax, value added tax is a tax in which you apply the taxation throughout the building proces
You can find those interviews youat cspan. Org stop can find that those interviews online at cspan. Org. Nancy reagan died today at her house. Susan swain moderated a discussion about how his or he might hurt Nancy Reagans legacy will stop here is a clip. Nancy davis was an actress in the blacklistng area. She found her name on a blacklist. She was a young actress without much clout. She go to theted Screen Actors Guild and he would help her. Ronald reagan. Into a longturned dinner and romance and ultimately she was aware of his lyrical ambitions because the Screen Actors Guild was very much involved in politics. She had some early missteps in washington. Was always known throughout their Political Partnership as the person who had his back. She was called the personnel director. She watched everybody thats rounded that president and made sure they were with him first and foremost and of a were not, they were Ronald Reagan really was as nice a guy as he appeared. He was as close to bei