Check on markets. Some positivity still feeding through the back of that china data that came in better than expected in terms of the retail sales. S p futures on the front foot, up. 2 . Four days of gains. Closer to above 3000. How much farther does the rally have to go. We look ahead to earnings. The 10year yield is backed up a. 2 curve. Lets get the bloomberg first word news. President donald trump has been accused of racism this after suggesting four female lawmakers to back to their crime invested crime infested places they came from. Of the four women were born in the u. S. And are racial or ethnic my own minorities. The purchase of a Russian Missile defense system. The u. S. Says deploying the missiles jeopardized a fighter jet. The white house as picked a package of sanctions for turkey with an announcement coming soon. Dozens arrested as protests continue in hong kong. This includes clashes with the police in a shopping mall. Emmis traders were demanding demonstrators were dem
Should be focused on what is it welcome to power lunch we are in rally mode the nasdaq hit its first record for december the dow jones and the s p 500 on the fourth straight week of gains. Consumer discretionary moving big. Underarmour moving higher. Kohls also. And take a look at the electronic retailer, up more than 50 this year thank you we begin this hour with tax refo reform expected to be agreed torsion signed, eventually unveiled to the public later today we still await the final details of what is in and what is out. Live in washington reporter two sources now confirming to me marco rubio does plan to support the republican tax bill. They put in some lastminute changes to win him over. Namely increasing the refundable portion of the Child Tax Credit. Just about an hour ago, kevin brady who chairs the ways and Means Committee spoke about at the chances of the bills passage, not just through house but also the senate where republicans have a very narrow margin im confident at the
Disney. First, stocks having their worst day since august 17. Dow dropping 300 points at the session. Check out the stunning move in the tenyear treasury yield falling to lowest level since day after election. Hovering over 2 . Number of issues weighing on the markets today. North korea, debt ceiling looming and fears a long immigration fight could hurt tax reform. Is this a start of september swoon or once again by the dip. Hurricane as well obviously. I dont mean to be glib. It should have been worse today. Not could have been. I think it should have been worse. Given where weve been. Given how low the vix has been. I think you could have made a excelling argument the market would have been down 30 s p handles and closed on low. Didnt do that again. Not going to say we couldnt see it down again. In the context of today, i dont think it was a terrible thing. You mentioned it was a continued move lower in yields. Now were below in a ten year at 2. 09 rate that had been supported for qu
Decemb december k putting together two companies that in terms of programming are similar. Its not like were going from one network that does reality or that type of programming to sports or lots of scripted work or whatnot this is putting those two things together the question is are you better off putting those two together or in this new age of media trying to go into scripted gore into a premium thing scripted. Scripted. But this has been bandied about. For a long time they were two sort of theyre not like outliers that deserve to get together. If it was going to happen, would put these together for scale thats where the synergistic value is some analysts would question this how much more power does a discovery scripps together have in terms of carriage agreement Going Forward . How much value proposition, if you want this channel you have to take this channel that was more scripps problem than a discovery problem zaslav yesterday admitted we are managing through the new times, dau
Today america is finally set to decide. Right here live, from the worlds most important Trading Floor on the planet, the New York Stock Exchange. We are less than four hours from the first polls closing in six states. Georgia, indiana, kentucky, south carolina, virginia and vermont, they will give us the very first indications of which way this president ial race will go . Just hours ago, take a look at this. Donald trump made his only public appearance of the day, cast his vote alongside wife melania known as pf 59 in manhattan. Trump Campaign Officials are telling us, listen to this, more than 7600 organizers in field have knocked on more than 20 million doors in battleground states, double the number in 2012. Hillary clinton voting along, in chappaqua, new york, that was happening in the 7 00 a. M. Eastern time hour. And clinton aides are telling countdown to the closing bell shes spending the day working on two speeches, two different speeches to be prepared for either outcome of t