Wall street on how donald trump will shape and deal with business, energy, foreign policy, diplomacy. President elect trump outliningg to the how he plans to eliminate conflicts of interest of his role running a successful corporation, to overseeing the operation of the entire federal government. In that sweeping News Conference, trump also announced his new Veterans Affairs secretary pick. He provided a timeline for a Supreme Court nominee. But right at top of it, he dismissed a new salacious report about him and he admitted that russia hacked the dnc. Now one thing he said immediately moved the markets. Dow jones industrial average was within 27 points of dow 20,000 before trump pretty much murdered an entire sector, the word murder came from him. The sector he buried six feet under, they charge the post tooo much of your money. Wee talk about that in a second. Secretary of state nominee Rex Tillerson still on capitol hill in hour five, testifying about everything from his relationsh
Biggest amount in seven years. Largely because of President Trumps pro business agenda. We have the full details on how it could impact your business coming up. Meeting with saudi Arabias Deputy Crown prince. This is on the heels of opecs new report showing conflicting data on saudis Oil Production. Saudi arabia directly reported to opec it increased Oil Production in feb to 10 Million Barrels a day. This conflicts with the secondary sources that saudi Oil Production decreased. Lets bring in brenda shav schaeffer from georgetown, university. An issue thats hurt oil prices before we go on to saudi and opecs impact and that, of course, is u. S. Inventory levels. Is that a genuine fear for oil prices . I think we have to look at the short term and the long term. The short term, obviously were seeing this is having a huge impact on the oil price, a very big dip down to november 2016 levels. So its the saudi data, the confusion about the saudi data and also the u. S. Inventories. If we look
Points, 203 points. 1. 1 accelerating losses we had day. Over the course of the the s p 500 down 0. 8 as well as the nasdaq. The big weight on markets is and continues to be corporate earnings, in particular Retail Stocks. Earnings growth i want to point out is down 8. 7 year on year from this time last year when Earnings Growth is a paradox. Lets hop into the imap function. What to show you the Sector Health of the s p five sectors. We can see eight of the 10 sectors are in the red. Energies of the most by 0. 2 . This had been higher in the day, 0. 33 , but it has paired with some gains. Prices fall in the u. S. Crude supply down 2. 4 million barrels. We see Consumer Discretionary down the most, to present nearly. That is because of Retail Stocks and earnings pulling things down. Lets look at the s p 500 for the past two days. I shown this because we know what happened yesterday. Result of the best rises in two months for the stock market. All,hey rise, we see this so it is like it di
To run below our objective, a mild undershooting of the Unemployment Rate considered to be normal in the longer run could help inflation, could help move inflation back to 2 more quickly. Second, a stronger job market could also support labor market improvement along other dimensions, including greater labor force participation. A third reason relates to the risks associated with the constraint on conventional Monetary Policy when the federal funds rate is near zero. If inflation were to move persistently above 2 , or the economy were to become noticeably overheated, the committee could readily increase the target range for the federal funds rate. However, if inflation were to remain persistently low or the expansion were to falter, the fomc would be able to provide only limited amount of additional stimulus through conventional means. These motivations notwithstanding, i continue to believe that it will be appropriate to gradually reduce the degree of Monetary Policy accommodation, pr
Just getting worse by the day. And line. Biggest tech ipo of the year scheduled to trade right here at the New York Stock Exchange tomorrow. We will tell you what to expect. It is going to be the biggest of the year. A frenzy down here. And ghostbusters reboot is out this weekend. The films director who will ring the closing bell today at the Stock Exchange will join us onset. A tremendous amount of buzz on that one particular movie. Its unbelievable. And striking back at times against some of the haters on that one. But we will talk with him in a while about that. Dominik choo, talking about sectors, dom . A lot of people didnt like the stocks. We have another record high on the s p 500 and we are trying to get back and stay in that positiveter tore ary. At these historic levels, it is worth pointing out it hasnt been fun and games for every part of the stock market here. If you look at sectors and stocks left behind, the most recent leg of this massive post financial crisis bull run