Up as a new vip. Im Elizabeth Wagmeister in los angeles. In this is cnn glows captioning brought to you by, feel away, optimum enhanced calming for cats. If your cat springs outside the litter box, fights with other cats were scratches the furniture, they could be telling you theyre stressed to help them feel more calm, try feel away. Optimum always very happy about the way things ago projecting some confidence in de ten of his criminal trial. Is it the classic Donald Trumps spin or his he may be onto something, but went to a specialist there should have lara codes live alongside abby phillip right here in new york and just hours from now, Abby Donald Trump will face his the de on trial for falsifying its a cover up, a sex scandal. Here you see him across the two weeks and he has now spent listening to testimony inside that Cold 15th Floor Manhattan courtroom from an inbetween the whispers to his lawyers and the note passing and the closing of his eyes the jury is starting to see and h
Dollaryen down the 4 10 of 1 . Bitcoin, we were talking 8000, now at 7800. What are we going to make a bitcoin, guys . Its on my board. We will answer the question in these three hours. [laughter] butn i think markets think markets like narratives. They cant build one around bitcoin. Usually theres a story to go with it. With bitcoin, theres no story. Likeu happen to have cabdrivers. Its like gold, bitcoin or gold. David moving away from religion, we will go on with dutch whats inside the business world. Good morning, taylor. The swedish Prime Minister is asking the United Kingdom to clarify how much it will pay the European Union as part of its financial settlement on leaving the block. Heaking at an eu summit, and also raised doubts about whether talks will be able to move on to future relations and trade in december as hoped. Zimbabwe president has made his first public appearance since the military takeover earlier this week. The president appeared at a University Graduation on the
Abigail the dow, s p, and nasdaq, we see solid gains. The s p 500 now higher for a fifth day in a row, the longest since early november. That is true for the dow as well and the nasdaq up 1 10 of 1 . Our friends at Compass Point financial think this action could continue, and relative to taxes, you were just talking about the breaking news on taxes, everyone is waiting to see whether republicans get a bill to the president , our friends at Compass Point think it goes through in 2018 or 2019 but is not entirely priced in. If there was somewhat of a stall, that would be a negative. Lets see where it has been a true roundtrip with regard to taxes. We are looking at the highly taxed companies relative to the s p 500 at the time of the election, and shortly after the election when investors were positive on the possibility of tax reform happening quickly. However, on the health care stalls and lots of other policy stalls, these companies have been underperforming. Right now, pretty much bac
Africa is a fascinating story. Votes are being counted for the election. It looks like the more market friendly candidate is going to win. The u. S. Dollar is weakening against the rand. We will catch up with that later in the show. Peso, a big day for emergingmarket elections. It is viewed as market friendly. It is also viewed as looking at the next index down, despite the fact we are getting so much information about the tax plan, about different political developments. David nothing well bring the vix up. Lets get an update on what is making headlines. Trump will do clot declare china a competitor in a speech. His speech will be heavily influenced by his views on trade and economic relations. He is expected to outline economic actions that could target china. In atlanta, power has been restored at one of the busiest airports after a blackout that caused thousands of flights to be canceled. Power says a fire caused extensive damage in an underground facility. Delta says it will opera
Sector down, not much, but still down utilities, real estate and healthcare are leading the way let us start with oil. Heres the thing, pete weve been here before if youre lock oil, youve had your heartbroken a few times. Yes, i have, indeed. Is this time different . I feel like it is different and the reason i say that weve seen so much options as of late. By the way, yesterday was the lowest volume day in the options for the entire year of 2017 if you exclude some of the half days that weve had. Weve seen paper flows very, very indicative of where the directions are going and seen it in energy time and time again and this time the size and the mass in which they are coming after paper in the xlp, in the xle, in individual names like halliburton and some of the rest, weve even had some in the services index, the oih. Which is up by the way. Right, and it encompass eds, you put in schlumberger and halliburton and thats 35 of that index so you know its fairly narrow, but the energy spac