7. 2trillion. Thats how much the value of all stocks has gone up since the election of donald j. Trump. Thats why we call it the trump rally. We are already seeing more gains from the Big Tech Companies closing at record highs last friday. The big five are going to open mostly higher again this monday morning. Pay very close attention to amazon. The super cold weather for the last two weeks has surely helped them. Who wants to go outside in subzero temperatures . It was minus 13 at my farm yesterday. That has helped founder jeff bezos to increase his fortune. Hes now worth 103 billion. A half hour from now, no sell off. The dow closed friday just shy of 25,300. Well stay right around this level when the opening bell rings. Monday, january the 8th, Varney Company is about to begin. More fire at trump tower in new york city. Ashley well, fire and furry, and it had nothing to do with a book. Apparently its a electrical fire on the cooling tower. As you can see from this video. It was firs
The s p 500 is down half of 1 . A 125 point drop. 5059, the market is pricing in the events in china overnight. Olivia same story all year, the market moving sideways. Some of the top stories we are watching at this hour crossing the bloomberg terminal, another big takeover in the health care industry. Hassraeli drug manufacturer agreed to purchase allergan and its generic drug company. Teva with jew its hostile offer for another drug withdrew its hostile offer for another drug maker. Financial, 2. 2 billion in cash, they are the parent of Standard Poors owned by new mountain capital, members of management. Matt orders for durable goods came in higher than expected last night. The first time in three months there had been a rise in orders. The Paris Air Show was during that time. 13 corporations are investing at least 140 billion to reduce their carbon footprints. Including apple, goldman sachs, and berkshire hathaway. They have pledged to cut in missions and water use and will agree t
Secretary rick perry. A former Texas Governor also made the trip. President trump is pledging 1 million in disaster aid for victims of the hurricane. That is according to White House Press secretary sarah sanders. Trump arrived in texas to witness the destruction and visit with victims. The pentagon has begun to deploying additional troops to afghanistan. Defense secretary jim mattis said members of congress will be briefed before details are made public. Mattis did not give exact number of the troops or say what their roles will be. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am a alisa parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is bloomberg technology. Throughout the next well do a hour deep dive into the cryptocurrency market. Bitcoin hits a new high. Whats driving this current crypto mania, and will it last. Plus, its a date. Apple officially gives a time and place for mo
Finally a quick look at crude. You can buy a barrel of wti crude for 47. 49. Here are the big stories were watching. A phishing attack has targeted googles 1 billion gmail users. An email coming from a trusted source asks you to open a google document and it redirects you to a page to open a google goc pdo page, which then trooef retrie email addresses. Tim cook saying apple will start a 1 million fund to promote manufacturing jobs in the United States. Were creating an advanced manufacturing fund. Were initially putting 1 billion fund in the fund. This i did not know about. Were announcing it today, youre the first person im telling. And im not the first person, because we have talked to a company that were going to invest in, already. But this a billion dollars of apples 256 billion. A billion dollars of our u. S. Money, that we have to borrow to get, thats a whole other topic, but were really proud to do it. And by doing that, we can be the ripple in the pond, because if we can crea
Cramer. And maybe the trump trade is all about not paying attention to donald trump. I have to tell you its shocking to me that the president can fire the fbi director. Out of left field, possibly for his handling of the Hillary Clinton email investigation something that possibly got trump elected. But more likely because of the russian probe, and the stock market was down points. Even if the s p actually is lower than 11 , not taking advantage of the 4 , have the investors simply stopped caring about the stuff or was comey so hated by both parties that no one was bothering to freak out . And look its not just the stock market, the precious melt barely budged today. Treasuries so often the flight to safety trade, one to avoid chaos, right, that is where they go . Barely budged. That is why safety never takes a vacation. The worries and fears i hear, okay from so many of the other professional managers and of course other rich people who have a lot to lose. Last night at the start of th