Teslas troubles. A reported investigation into self driving claims and whether it committed securities and or wire fraud during the criminal investigation. That is coming up. Looking forward to that. Morningstar is outstanding Portfolio Manager of the year. She runs a fund focused on Underappreciated Companies which pay reliable dividend. We will find out. Lets take on the markets first. But it the dow is up 122. Look at the others in the red. The s p down two points, the nasdaq down about a quarter of a percent right now. A lot of stocks are on the move following earnings. Jumping on an earnings beat in a phase 3 trial. After its first report of the company. Said a year from now and got it already. Trip adviser getting crushed on that lower guidance and the rejection on a takeout opera. 29 . We will trade more earnings, movers and lunch coming up. First, lets start with tesla as that stock is falling. 2 off of its worst levels of the day so far. I am looking at right now. It is so nic
Just 1 these days, 1. 1 higher for the blue chip. Today is a broad based rally compared to yesterday, the s p up 1 as well as the nasdaq and russell. Dom has a rundown we hit the 26,000 mark, a shot of keeping it for the close this time. Remember, it was a year, a little under a year weve seen a 20,000 to 26,000 rally, just 4 between that last big move in 25,000 to 26,000, but still, look at the Drivers Behind it. Theres familiar names we talked about for quite some time with the dow, heavily weighted ones between the 25,000 and 26,000, boeing added 350 points. Caterpillar contributed 90 points, and United Health 66 the biggest weight, General Electric took eight points away, and Goldman Sachs took 36. Between 20,000 and 26,000, similar names. That 6,000 point rally, 1236 points of that was boeing alone. United health group at 323, 3m, 490 points, and the laggard were shares of ibm taking 26 points off, and General Electric at 89. As we talk about 26,000 numbers, these are stocks to wa
Learned that the Worlds Largest economy, ours, remains resilient. So far from firing on all cylinders. Manufacturing is improving. In the face of a strong dollar and falling oil prices. The consumer is spending, the job market is strengthening and the stock market rebounded. After china devalued the currency earlier this week and all week long. Today, we got Additional Information on the state of the economy bringing investor attention back to good Old Fashioned fundamentals. Its a familiar story, but it paints a muddled picture. On the bright side, the u. S. Economy is growing. Two key numbers out today confirm it. The Producer Price index or ppi up 0. 2 of 1 and Industrial Production also higher. 0. 6 of 1 . Both up more than expected. But whether the u. S. Economy is moving fast enough to justify an Interest Rate hike by the Federal Reserve, well, that is another question. If theyre going to move its once or twice and only the move off of zero and to stay silent in the election peri
Latest jane reporter guys, were starting to learn more about the Gunman Police believe he was a lone wolf who had no connection to any terror groups, but nbc news is reporting that stephen paddocks father was once on the fbis most wanted list in the late 60s. A serial bank robber once diagnosed as a psychopath and while paddock was born in l. A. , his father was first arrested here in las vegas. He had nicknames like big daddy and chrome dome. Does that have anything to do with what happened with his son here last night as paddock opened fire from a 32rd Floor Hotel Room onto a concert across the street mowing down dozens of people as you said, more than 500 people ended up needing medical care heres audio of what it sounded like on the First Responder alert system [ gunfire what is it . I dont know. Reporter hear the Police Radio Audio later. The First Responder system telling everyone that there was a mass shooting going on hours later this part of las vegas boulevard is still not op
This is two hours and 40 minutes. [inaudible conversations] [inaudible conversations] [inaudible conversations] the meeting will come to order. Senator whitehouse is next followed by senator young. Senator whitehouse. Thank you, chairman. Lets me ask first to put into the record a letter from our governor in rhode island, which says in rhode island im quoting here we have actually seen exchange premiums decrease in two out of the last three years. Ended that this has saved consumers nearly 220 million since 2012. So, the story on the Affordable Care act in rhode island is a good one. I would also like to put this little graphic into the record, which to explain briefly, the red line along the top is the cbo estimate of where our healthcare costs were going to go back when they were making the estimate in 2010. Then, at this time 2016, after the aca was in place they took a look at the Actual Experience up to that point ended a new new projection Going Forward based on the Affordable Ca