Chowing down on chipotle as the restaurant chain claims further into record territory. Aim melissa lee coming to you live from studio b on the desk, tim seymour and julie beal we start with the two letters that might mean more for the market than anything the fed does, ai the s p closing friday with solid gains climbing back towards the 5100 mark posting its best week since last november the nasdaq doing better up over 4 since monday and the dow ending a second straight week in the green. Those gains come as a slew of Economic Data should have spooked investors. The feds favored inflation gauge staying sticky Commodity Prices on the rise with crude, brent, and copper all higher but all that could not put a damper on the Artificial Intelligence parade. Alphabet surging to a record high after showing progress in its ai ambitions microsoft also climbing as ai boosted its cloud sales and nvidia, the poster child of the business jumping more than 6 today as it appears to be the beneficiary
Not big gains are necessary to get to that record. Abigail the rally continues. Eight days are looking at gains averages. Jor a lot of optimism around tax reform. Results for the big banks, but the effect on the markets overall is a tailwind, especially with jamie dimon talking about how it will be a positive for the country Going Forward. Where there is not a lot of optimism is facebook. We have an intraday chart of facebook cover which i can pull up. It is right here. There we go. Facebook is down 4 . His worst day since the end of november after the company prioritizehanges to not brands. Family, Mark Zuckerberg says people might disband less time on the changes,ecause of the but the time will be more valuable. Investors are a little shocked by the declines. The s p 500, looking at some of the Department Storerelated rbc and jpraded morgan went overweight from neutral. Citing tax reform, brick and mortar stabilization, and other factors. This is giving a tailwind to the entire Depar
Consumer price data as well as retail sales ecodata. Noon, federal fed president Patrick Harker gives an Economic Outlook street speech. 12 45, the president has his annual physical exam at Walter Reed Military Center. Emma chandra has the first word news. Emma lets get you caught up on the headlines. The United Nations calls President Trumps remarks about immigrants shocking and shameful. He is said to have used foul language speaking to lawmakers about why the u. S. Accepted immigrants from haiti and africa but not places like norway. President trump will not say whether or not he has spoken with kim jongun. He refused to comment but says he probably has a very Good Relationship with the dictator. A germany, there is preliminary agreement and four months of political stalemate. According to people familiar with the discussion, chancellor Angela Merkel and the Democratic Party have attempted to form a new government, using more government involvement in education and changes to Health
Their own studies show the main drivers of default are loan devalue, borrower credit score. Everything else is literally a rounding error. And so of course, the final doddfrank rules essentially abandon the things that actually drive default. And endless servicing requirements, again making it near impossible to foreclose. My opinion is the rule increased foreclosures last time around rather than decrease them. And the harder it is and the mission has nothing to do with financial stability. The mission is to use the the regulatory system to force prudent borrows to subsidize imprudent. We all knew the crisis was quite costly. It also will provide a cover for massive expansion and government powers. One minute. Im not even go i think to need that. So i would say and would say avoid financial cryises. I think a repeal is not enough. The presystem was broken. It was flawed. And to me one of the real flaws of doddfrank is it extends the precrisis system. The theme of doddfrank is, lets exp
This recent poll done by pen sean and burr land. Robert green joining us to talk about it. Mr. Green, thanks for your time. Thank you, sir. Up next on cspan3, a look at the dodd frank Financial Regulations five years after they were signed into law. Well hear from House Financial Services chair Jeb Henserling on the law. And thomas perez talks about regulating retirement financial advisers. Later, a discussion on islamic extremism. When congress is in session, cspan3 brings you more of the best access to congress with live coverage of hearings, news conferences, and key Public Affairs events. And every weekend its American History tv traveling to historic sites, discussions with authors and historians, and eyewitness accounts of events that define the nation. Cspan3, coverage of congress, and the American History tv. President obama signed the dodd Financial Regulation into law five years ago. Up next, a panel talks about the different provisions of the law including the creation of th