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
Streak as the tenyear pulls back from highs. Bob pisani here at the nyse. Lets start with you. Listening to this lovely music. Im 12 years old again another thing about today, selloff in the middle of the day. Three days in a row this is happening. Up 350, cut essentially in half. The market started very strong in fact, the cyclicals were the story. Looked like early january. What i mean by cyclicals, growth names. United technologies up 3 . Thats moving the dow up 30 points boeing was much stronger earlier in the day still up but a classical cyclical name. Lets show you 3m. These are all dow components, cyclical stocks, all of them, up 1. 5 , 30 points. This was 237, 238 and now back to 235 caterpillar up 2 , fourpoint gain another 30 points. This was almost 160 just a couple minutes ago finally, one group that hasnt been doing that well today, the bank stocks. Goldman sachs, all the big bank names are down fractionally. Even though there hasnt been huge moves in the tenyear you cant
99 for a case of water, thats the type of price gauging that the attorney general is seeing in the state. Hell join us to tell us how hes cracking down on all that have. And next hour President Trump is likely to address this catastrophic flooding in a News Conference with the president of finland. Well bring you that live as soon as it begins. But we start in texas. Contessa brewer is in houston with the latest on the flooding and Brian Sullivan is in galveston with a look at how Hurricane Harvey is affecting refineries contessa, well start with you. Reporter the bayou has overflowed its banks, normally parkland, and this Historic Building here was due to be completely renovated by fall of 201. As you can see, they will probably have to go back at t. Houston at this point is mostly a ghost town. Businesses shut down, employees stranded there are some 3 Million People who work in the metropolitan houston area most of them i would guess are out of work today because the roads are simply
All with this plan. We are looking for the middle class and we are looking for jobs. All this coming ahead of the visit to florida will he were surveyed the damage from Hurricane Irma is a criminal investigation is launched into nursing homes. Breaking news overnight. In the threat from north korea wants to reduce the United States to actions in darkness. Market lower this morning after the major indices closed at a high yesterday. Major indices of the Dow Jones Industrial average up a fraction of two points. S p 500, nasdaq down fractionally. Investors waiting on the bank of england decision this morning happening in the next hour expected to keep Interest Rates unchanged. In asia overnight, markets lower to close concerns about chinas economy weighing on the market after industrial activity is the shanghai composite down a third of a percent. The other is mostly weaker. Martin said by breaking up behind bars. His bill has been revoked after offering money for a piece of Hillary Clint
Blockbuster contract. The fallout for fox and much more as power lunch starts right now. Happy monday. Stocks trying to build on what build the perfect week last week and its looking good. More record highs today. We pulled back just a bit. Earlier another record day and check out some of the movers. Investors arent playing around with hasboros week guidance. The biggest loser in the s p 500 right now but vans and vf corp going the other way. They raised their four year forecast. Also boosting their dividend by 10 . Im melissa lee we begin this hour with new comments from President Trump. Eamon javers is live with the latest. Reporter the president s with the Prime Minister of singapore today. Theyve had a number of events already. Some more on the schedule later on throughout the afternoon. Just within the past couple of minutes we saw the president sitting down there, you see the Prime Minister there in the oval office with the president. We also saw them signing a deal for Singapore