We will explain. First we start off with a record day for the markets the dow soaring triple digits closing at a record high the s p 500 joining in on the party as well. Nasdaq a bit behind, making a comeback today after a tough month for the composite. It looks like the perfect recipe for a rally. Big jobs number this morning, President Trump signed the bill to avert a Government Shutdown and its full speed ahead on tax cuts do you just keep buying til the end of the year and maybe even beyond, guy . Weve been saying that all along. One of the things weve said earlier this week, despite the fact that the market seemed volatile, the volatility index continued to go lower, down 5 one day, 5 the next day today it closed at 9. 5 , the lowest level weve seen in quite some time. Despite the warning signs, the vix doesnt care to answer your question, some exogenous event is out there, i dont see it as we get closer to closer to christmas, this thing will continue to grind higher a couple of
While some investors like it when activists come in to shake up public companies, weve got someone who says theyre ruining corporate america. Hell make his case coming up. And the new years going to bring new business in california that would be legalized Recreational Marijuana what took them so long im surprised its taken california this long. You moving back no, i go visit family once in a while, though. Were going to introduce you to the First Company to be licensed to sell in california coming up. Lets get straight, though, to the confusion thats for sure. The confusion surrounding the tax bill as americans continue to line up to prepay their property taxes before the new rules kick in in the new year. The irs did release that memo late yesterday in an attempt to clarify who exactly can take advantage of the prepayment. But there are still plenty of questions. So we sent our guy, eric chemi, out, to look into this he joins us now from a hightax town in new yorks Westchester County
Quiet. We have cloud cover that is increasing but no fog on live doppler 7 hd. Can you see the low clouds on the exploritorium. Temperatures are mild this morning upper 50s to mid60s through 7 00 we will see a little less sunshine by noon and we are still in the midtoupper 60s and by 4 00 the cooling we saw yesterday continues today and mid60s at the coast and mid70s around the bay and barely 88 inland and a bit cooler after the sun will set at 8 16. More on the rocky fire coming up. How is the commute . Leyla . Good morning, everyone. If you are just waking up, good news. Wart is open teen east bay and San Francisco. The bad news is there is a 10minute delay at embarcadero and pittsburg and bay point and dublin pleasanton direction for traffic inspection. They are making sure that everyone is in good working order. Jumping in the car in the worth bay that is 101 pushing to 580 with traffic quite light at the Golden Gate Bridge. We have word there is an extra lane southbound direction.
After yesterdays strong rally following on the heels of wednesdays strong rally, were up about 1 on the dow. I dont like to talk about the dow but unless the s p stronger. China did all right. Shanghai up 1. 8 . Shenzhen up, and nikkei at a 3 gain. We were below 2 at one point on monday in the craziness, but now were hovering in the 1. 2. Crude had its best day in many years. Well above 40 again. Monday, we fell below 40. It has been, to say the least, a volatile week in many markets. Lets get to our road map this morning, and it starts with the last trading day of this wild week. The dow coming off its biggest twoday point gain ever, not percentage but point gain. Equity futures, slipping. Carl icahn has his next target. Why commodities . Why now . Well talk about a company weve talked a lot about and mr. Akahcarl icahn himself, and the takeover continues. Pa perrigo is saying were not interested. Ill have more on what to expect as the Companies Battle it out. Futures moving to the do
With a look at what low oil prices from the move in oil. Lauren a new report shows that test for self driving car is not to blame for an accident that killed the driver last year. Cheryl amazon jumping on the try before you buy a bandwagon. But guess what, there is a hitch. Lauren thoroughly says. Los angeles dodgers overpower the mets ahead of the nba draft. Train to 85 01 a. M. In new york. This was a come at june 24th. Im cheryl casone. Lauren i am lauren simonetti. You are watching reporter, your first look at morning markets and breaking news. Train to breaking news this morning with a major shakeup at uber. Kalanick with the major shakeup. Lauren tracee carrascas joining us. Reporter txo yesterday came under pressure after hours of drama who felt time off wasnt enough. After millions of dollars into the company and seen the valuations swelled to 70 billion, leading the charge, wanted to pick a shareholder, a benchmark which one of its partners bill burley is on ubers board. Kalan