Wow. 20 . Thats thats a real add on to the 5,000. Thats real money to people that are yes. I heard Carl Quintanilla say yesterday weve seen more points added to the nasdaq this year than all of last year and its only february. Six weeks into the year. Theyre doing some kind of calculation again on historically in a new president , the quickest stock market gains out of the gate. Is this this month is the fastest. Since lbj. This must be from january 20th. This is from the inauguration. Its funny. Remember, we had a lot of naysayers who said, from november 8th to december 8th we got gains, then it stalled. Then it was about three weeks ago it started again. Whats the that would be january 20th, right . Well just over 3 1 2 weeks. Okay. A lot of stuff. The back drop for you, i know, your water cooler stuff. A lot going on for you. It is kind of shocking to see some of the turmoil thats before us and the headlines and the market ignoring it. The market could always if it became very serio
Wti is higher by 87 cents, 54. 27. Brent is higher as well, 92 cents. 57. 10 over in london. Nat gas is lower by 7 cents. Decline of more than 2 . Among the top corporate stories, kraft heinz is withdrawing its bid for a merger with unilever. Kraft worried that it would be too hard to negotiate after the Public Disclosure of its bid so quickly. A kraft spokesman said the company intended to proceed on a friendly basis but found unilever did not wanted to pursue a transaction. Restaurant brands is in advanced talks to buy popeyes. The deal will probably be valuing popeyes at 1. 7 billion. An announcement could come this week. Wandas proposed 1 billion acquisition of Dick Clark Productions is under pressure. Wanda is run by chinas richest man. It already owns Legendary Entertainment and amc entertainment. Reuters reports wandas deal for dick clark is shaky but not yet dead. Part of the problem is they cant get the money out of the country. By the way, on this kraft heinz deal tell us. It
We are about 30 minutes into the trading day. Setting new records, although, off a little bit now post Abigail Doolittle is here. Ever go co we have the dow and s p 500 today putting an fresh alltime highs. If the dow can hold onto these gains, it will be its 10th straight finish higher in a row in the long such winning streak since 2013. The nasdaq is down slightly, not putting in any record highs yet. Interesting we do have the trump trade, the continuation of the trump trade going on for the dow and the s p 500 ahead of finding out more details of trump the Trump Administrations policy around taxes, deregulation. We did have those fomc minutes yesterday that were received to be dovish. Small gains and records for the s p 500. What we do not have is a 1 move. Take a look. The top orange line represents a 1 move up in the bottom orange line is 1 move down. We are on day 52 without a move 1 up or down, the longest such streak since 2014. 92 days without a 1 move down. Seeill be interes
Allentown 71 and a record. Look at the temperatures at the 6 00 oclock hour. Still in the upper 60s. Philadelphia 67. 68 right now in allentown and take a look at phoenixville. Still checking in at 70 degrees. Media, 66. Chester right now at 69. So folks al fresco dining stepping outdoors in center city. Folks are out and about still after a high of 73. 67 degrees right now at 6 00 oclock. So as we go hour by hour, we will see more cloud cover moving in, fog redevelops but look at the temperatures by 11 00 oclock. 60. Overnight low temperatures most of the area stuck in the 50s. Coming up well talk about how the cold air will be moving in and, yes, a chance for thunderstorms for the weekend. Back to you. All right, scott. Crazy stuff. Thanks. Now to developing story out of radnor. A teachers aid is in trouble with the law tonight accused of sending lewd videos of herself to students at the school aims to help troubled girls. Shes the second employee at the Village School to be arrested
That happened in my absence. All three major averages trading off. Warren buffett has been getting a lot of attention as he oncented in a meeting again, criticizing the Hedge Fund Industry for high fees. Just to give perspective, take a look at the bloomberg because he are looking at a Hedge Fund Index. This is the Hedge Fund Index and white, the viewer line in terms of when things are below this, it is negative. This is s p 500 total return index. You have seen quite a gap about performance there of that index, which goes to his point that he made over the weekend, that he thinks index funds are a better use of folkss money. He has said in an interview there is no backup deal following the monfils offer for unilever. Maybe there are not other companies that will be targeted. If you look at companies that have been talked about as targets focal monde police, we have been seeing some selling mondaleese. Staying on the food related front, we have reports of new price competition within t