Wall street welcome better than expected reports on the economy and more progress o trade. And once again, the gains may have bee slight, but it was stillood enough for more records. The dow a tayrages just a feign of 31 points to 28267. Nasdaq rose about 9 and the s p added just one point but closed higher a fifth straight session, the longest win streak in a month. Bob pisani starts us off tonight from the new yorkck s exchange. Stocks back in record ralmo s p 500 and ow nasdaq closing at new highs the bare 30th record close of the year for the s p. Whats fueling theal rly no major headlines today but the bulls sck with the story o more clarity heading into the end of the year and particularly into 2020. Interest doesnt appear to be a recession in sight in the u. S. E omy. Thats the most important. Look at the data toda instrial production rebounded innovember. Auto production picd u after a nationwide strike ended at jern motors. Housing startslso jumped last month with Single Famil
And after some fairly uneventful president ial debates, twitter is out with a new label that flags tweets that blake break the rules. It might even make donald trump walk a fine line. New record for quarterly vehicle deliveries, handing over 95,000 vehicles to customers in the second quarter, beating average analyst estimates. This is due to accelerated shipments to the u. S. And china and u. S. Consumers rushing to creditans before the tax is shrunk. Were told the company is close to setting an alltime record, being urged to go all out. Taylor riggs caught up with an analyst and bloomberg correspondence on tuesday correspondence on tuesday. A blowout quarter and exceeds everyones expectations, you sort of had this upanddown quarter where you had a trough of everyone getting concerned about demand for the model three. Toward the end of the quarter, you started to see the analyst commentary pickup. Where people were a lot less concerned about that. On the model s and model x front, they
Market cap year alone ed and while ways chip huaweis ship that used technology from two u. S. Manufacturers. Caroline a macro environment paints the picture of a Good Environment that is not so hot that the fed cannot pull back on rates. 6 10 percent higher on the nasdaq, a new record high for the nasdaq and s p 500. Yes, tech leads the charge and ai is the area of focus, but we cvs see the s p push higher. What else do we see it clips . The record we saw on bitcoin. We get a new number. 70,000 is where we managed to push up to, we are back down briefly, but this seems to have legs. Ed, what do you have going . Ed lets start with rivian a day two, feelgood vibe after it unveiled its are two. For me pausing plans for a new factory in georgia. Broadcom earnings, sales missed in the order, but their outlook for this fiscal year is saying that ai is going to contribute to growth early 5 . Theyd previously said 25 . These are the u. S. Chip makers that are implicated in this scoop from bloo
Professor soltes, good morning. Good morning. Its a pleasure to have this opportunity to speak to you about your book, why they do it. Let me start with asking you, how is it that you came upon deciding to write a book about the perspectives and backgrounds and thinking of white clar criminals . Im a financial economist by training. This book began when i was a graduate student working on large Empirical Data sets, up at 3 00 in the morning and came across a show called msnbc lockup, the kind of thing that you watch at 3 00 in the morning. And on the show, they had a crew go into various prisons and they were interviewing convicted fellons, mostly for murder, assault, rape. I started to think about the kinds of people that i wonder and think about, the people who are the industries and finance of what we saw on the color of fortune, the commencements, donating generously and wondering what happened to these guys . The people that many people respected. They were convicted for offenses.
Of the predecessor to the Governors Office for the need to reclaim the lost opportunities of the past. Read the book. Firstever will refer you choose that. [laughter] republicans are not unscathed. Democrats the Supreme Court they all get on my radar and the torpedoes had been launched they have hit the targets there is nobody perfect and nobody walks away unscathed and appropriately so. Nobody has done that perfect what about Medicare Prescription Drug program . Read the book. [laughter] hello governor. I am a texan. Well come to washington d. C. Is great to be ranked in the top 25 for both polls. Of one to ask about the Health Care Bill were hoping Speaker Boehner will replace although it will not happen over night so what can you do to help slow them with the burden put any by the federal legislation and . One of the real aspects of the book is to talk about how the states can be engaged in a conversation as i said to my remarks there is a lot of political figures to talk about Soci