clinton was president. nounsing coming moments ago how much a mortgage, car loan or credit card will cost you. federal reserve most aggressive move on interest rates in decades and increase your borrowing costs. the markets are reacting, the dow climbing, if you put it back up there, seems to like what it heard, or a few ways you could interpret that. the dow is up 200 points. to dig into this, the release, john, 50 basis point rate hike was expected, federal reserve trying to tackle inflation. the balance, of course, that everyone needs to watch here, if the fed can effectively raise rates while avoiding resession. will they raise rates too much and the costs are up too too much it drives the economy into a recession. that s the big challenge. there are some positive notes from the federal reserve, noting that job gains are robust,
offshore and left frigid temperatures in its wake. nearly 30 million americans under a hard freeze advisory or warning this morning. all the way down to the gulf coast. this is what it feels like as you step outside. 13 in pensacola. birmingham, 11. single digit windchill values this morning as you step outside near atlanta. highs warming to about 35 in cincinnati. 31 for detroit. 42 for the nation s capital. there is some light at the end of the tunnel. we will replace the cold weather as we head into the weekend. great news for southeast and east coast. check out this warming trend for boston. 34 today. 39 by saturday. well above normal as we head into the weekend for new york city. back to you. that s the weather. how about some money for breakfast? stocks mixed after wall street with a fresh round of records. dow climbing 300 points. closing above 26,000 for the first time ever. it briefly touched that
let s check cnn money stream this morning. global stocks higher today following wall street s lead. u.s. stocks had the biggest rally all summer as fears over north korea fade. last week threats between the president and north korea drove stocks to the worst performance in five months. as the tension eases, the s&p 500 is jumping 1% with the dow climbing 135 points. there are other signs fear on wall street is fading. gold, a typical safe haven, fell after days of gains. wall street s fear gauge plunged. get ready to binge watch. netflix plans to spend $16 billion on new original programming. that includes a multi-year deal with shonda rimes, creator of hits like grey s anatomy and scandal. not only a clear sign in the race for talent between old and new media but a blow to disney. rimes is moving her production series from disney-owned abc to netflix. disney said it would pull
500 is jumping 1%. the dow climbing 135 points. other signs that fear on wall street is fading. gold, a typical safe haven, fell after several days of gains. wall street s fear gave the volatility index plunged. the maker of tiki torches wants you to know it has nothing to do with white nationalism. you may have seen photos of white nationalists carrying tiki torches in charlottesville over the weekend. tiki brand is reminding customer its doesn t support the message, and it is deeply saddened its products are being used this way. adding that the torches are for positive events like back yard gatherings. shows you the moment we re in, dave briggs, when a tiki torch manufacturer has to issue a statement about how its product is being used. a twitter campaign seeking to out those young men at that protest. yes, you re racist at twitter, trying to out them one at a time. facebook campaign crowdsourcing the identities of those people who were carrying those torches.
while hillary is riding high, the bush campaign is in a far more difficult spot, but still hoping for help from an oval office alum. up next, how the death of several isis leaders impacts terror. we ll have an update from the pentagon. but first, the cnbc market wrap. we did have a mild rally, the dow climbing 192 points, the s&p up by 21, the nasdaq jumping by 66 points. oil prices bouncing back almost 3% today as winter temperatures finally take hold in the u.s. and amazon shares climbing about 3% to a new all-time high, up more than 120% this year, second only to netflix as the s&p 500 s top performer of the year. that s it from cnbc, first in business worldwide. that s charmin ultra strong, dude.