This is nightly Business Report with Tyler Mathisen and sue herera. Historic highs. What a way to start the week. Stocks closed at records, but can the quiet rally last . Risk protection. How the biggest Ransomware Attack in history is demanding a product that you know exists. Staying put. Is outofcontrol competition for homes fueling the renovation boom . Those stories, and more, tonight on nightly Business Report for monday, may 15th. Good evening, everyone. Halfway through may and investors had a pretty good start to the w the s p 500 and the nasdaq closed at new highs, thanks to a rally in the price of oil that lifted energy shares. Technology stocks also helped out, and the result was a record close for two of the three broad major indexes we follow. Dow jones industrial average to 20,981. Nasdaq up 28 to a record, and the s p 500 gained 11, alltime high there as well. Volatility remains sort of suspiciously low. In fact, this is the 14th straight day the s p 500 has failed to mov
Course, and also snapchat. Highlights from that interview and i did a little golfing, yes, golfing, nfl great joe montana, and he said i was standing on the wrong he said i was standing on the wrong side of the ball. Yes, we were trying to get it in the clowns mouth. Are you lefty how long have we been working together anyway, well see who won that putting contest. Who you betting there on there i know who my money is on well see, thats coming up we begin in washington, Janet Yellens testimony wrapped up a couple hours ago before the House Financial Services committee, we are joined with some of the highlights kelly, this could be yellens last two days of testimony on the hill her term ends early next year. And politico reporting that nec director gary cone is the front runner for her job when pressed by lawmakers on this question, yellen trying to deflect them. I absolutely intend to serve out my term. Im very focussed on trying to achieve our congressionally mandated objectives, and
In the year 1929, just before the crash, volatility was pretty low. Not as low as it is now, but actually volatility was pretty low. And then it just exploded after 1929 the crash kind of triggered itself well, shiller went on to wonder whether howard marks memo was a sign that the top of the market was, in fact, deer. Josh, if nothing else, the marks memo, the shiller comments and some other factors have rekindled the debate over where this market is, whether stocks are too expensive, and whether we should be paying much more attention to the fact that volatility is nowhere to be found. I mean, no offense to howard marks, who i think is a genius and bob shiller, obviously, i think is a genius. But bob shiller has been making cautious comments pretty much his entire career. And then hell, you know, say, oh, by the way, im just into it anyway im just owning the market anyway so put that aside. Number two on the volatility commentary, understand, we had low volatility through the 1990s,
How long will investors be able to wait . A growing problem . What happens when farmers dont have enough workers to harvest their crop . Its something many are trying to figure out. Those stories and more on nightly Business Report. Good evening, everyone. The Auto Industry may be coming off a record industry for sales. Few expect a smooth ride ahead. Donald trump has been royaling the sector with tweets about production in mexico and threats offa i big border tax on vehicles made abroad. Fiat chrysler trumpeted a billion dollars and drew praise from mr. Trump. The auto maker insists it is part of an already established strategy. Ford canceled plans to build a new plan south of the border, but General Motors ceo said she is not changing a thing and production will stay where it is. In mexico. Its the back and forth with mr. Trump that has overshadowed the glitz of the Detroit Auto Show. Beyond the bright lights and big production introducing new models, the biggest presence at the Detr
How long will investors be able to wait . A growing problem . What happens when farmers dont have enough workers to harvest their crop . Its something many are trying to figure out. Those stories and more on nightly Business Report. Good evening, everyone. The Auto Industry may be coming off a record industry for sales. Few expect a smooth ride ahead. Donald trump has been royaling the sector with tweets about production in mexico and threats offa i big border tax on vehicles made abroad. Fiat chrysler trumpeted a billion dollars and drew praise from mr. Trump. The auto maker insists it is part of an already established strategy. Ford canceled plans to build a new plan south of the border, but General Motors ceo said she is not changing a thing and production will stay where it is. In mexico. Its the back and forth with mr. Trump that has overshadowed the glitz of the Detroit Auto Show. Beyond the bright lights and big production introducing new models, the biggest presence at the Detr