Were going to tell you about the new drug trial results weighing on that company today. Guess how it went. Well, it went well for someone else yeah. Exactly. Box office blues Movie Theater stocks are getting crushed again today. Six superheroes cant even save those shares being very opaque here but well explain coming up in a little bit. First, breaking news, just this afternoon on fed chair janet yellen, our dom chu has more on the story. All right, so guys, Federal Reserve chairman janet yellen will be leaving the fed completely in february and this is what some fed observers say is no real surprise. Fed chair yellens term as chairman expires in february we know this and President Trump has already made his pick to be the next fed head thats current fed governor Jerome Powell, of course, pending confirmation by the senate there had been some speculation around the notion, perhaps, yellen would maintain a presence on the fed board of governors since her term adds a governor of the cen
After the bell, here we go again. Earnings its game on salesforce hp hewlettpackard enterprises. Guess. And gamestop all reporting tonight. Well tell you what to expect. A debate on whether gamestop can capitalize on the video Game Movement that stock has suffered mightily. A yield of 9. 25 right now unbelievable. Lets start with todays market rally all four major averages are in record territory the s p crossed 2,600 for the first time today joining our closing bell exchange, david kelly from Jp Morgan Funds peter costa from empire executions is at post 9. Rick santelli is at the cme in chicago. Peter, the engine keeps chugging along here. Oh, my god. Its almost unbelievable to today, this was a little unexpected i think we did have positive data this morning. To see the market open up 150 points without batting an eye and continuing to stay strong, you know, its theres a confluence of really good things good earnings, low interest rates, even with the rate hike next week, next month,
Telling cnbc we may not need the type of tax cuts being proposed. We have those details coming up. And a major deal in the media space. Maybe youve heard about it. It brings together bbetter home gardens and people magazines, Meredith Buying Time Inc for nearly 2 billion. Will this pave the way for more deals especially in the media sector where theyve been trying to get them done we have that coming up in a little bit. First, our top story today, the cyber monday surge amazon shares hitting yet another alltime high today. Courtney reagan joins us from an Amazon Fulfillment Center in robbinsville, new jersey, with the very are you packaging anything and sending it off as well reporter no, no, im not allowed to touch anything, so i will not be touching anyones packages dont you worry about it amazons prime day, bill, actually still Reigns Supreme at least as far as we know for its biggest day on record. Last year on cyber monday, amazon shipped 64 million items worldwide. Thats what was
Lying to the fbi, prepared to testify against President Trump, nbc something nice has yet to verify at any rate, down sharply. Now weve come back. There was a lot of talk about tax reform, stocks recovering the early losses, tax reform appears to gain no men tucmomenm the latest from washington on where this bill stands coming up in fact, lets get straight to the big news in d. C. Hitting the markets today. It is the fall yout from the guilty plea of former National Security adviser Michael Flynn eamon javers joins us with the latest at this hour. Reporter kelly, we got news in the past couple minutes here reported by nbc news that two officials tell them that Jared Kushner is the official who is listed in the criminal information surrounding Michael Flynn guilty plea today as being a very senior transition official who advised mike flynn to get on the phone with officials from various countries around the world to talk about a u. N. Sanctions problem that they had back during the pres
Regional bank bb mpdbb t kelly will join us. Toll brothers, shares down 8 , and some provisions in the tax bill that could make it tough going for the housing sector well explain. By the way, tomorrow lululemon reports earnings that stock has been up 25 over the last six months. Big comeback there we have a debate on whether that rally can power higher into year end. But we start with the breaking news out of washington today. Plenty of it, again. Kayla tausche has details fo kayla . Reporter bill, we learned nearly 40 House Republicans signed on to a letter drafted to be sent tomorrow to republican leadership, including the Senate Majority leader Mitch Mcconnell and Speaker Paul Ryan as well as senator orrin hatch and congressman kevin brady that requests the removal of this first in first out provision its a controversial proposal that has remained in the Senate Version of the tax plan that essentially requires investors to sell older stock first. It would raise about 2. 5 billion ov