Higher by 0. 3 or greater. Look at the nasdaq. It has been a little more beatendown but today up more than 0. 5 . The best day from the nasdaq since november 30. Perhaps investors are feeling a little more certain around tax reform, d. C. Drama and more. One stock that is helping the indexes today we will be getting to in a moment. This seems to be a continuation of the trump trade. Here is this stock, General Electric is up nearly 0. 9 . This is after the Industrial Company announced they are cutting 12,000 jobs within their power unit. That is the biggest unit within their business, about 30 of the business. It is also the most troubled unit. The fact that they are flushing out the plan they gave back on november 13 to cut 1 billion in cost by cutting these jobs, investors seem to be cheering it to some degree thinking it is a solid first step in the turnaround plan. Shares on the year down more for theiron peak worst year since 2008. The industrial sector is the top on the day. Ge,
Nasdaq the dow also closing at a record high it looks like well open sharply lower. The dow losing 124 points right now, the s p down 13 nasdaq down about 44 what was weighing on the markets yesterday and probably today, the yield on the tenyear note 2. 584 right now thats the highest since march 15th a big move in the tenyear treasury yield thats challenging the equity rally today. The yen continuing its strength after the boj said it would continue its bond strengthening services the hang seng up by 0. 20 . Over in europe, right now at hope the dax down by 0. cac down by 0. 6 looking at the price of crude oil, highest level since 2014. Wti, 63. 43 breaking news this morning. Lets get to becky quick live in omaha. Good morning good morning. Theres breaking news from Berkshire Hathaway the company out with a statement saying that its going to be increasing its board of directors by two members to include two key members of its Operations Team who people have been looking at for a while
Because theyre coming. Toyota in so many others coming into the United States and all that needs to raise money for people. Lower taxes than what it really means is jobs. Maria the president says the u. S. Is the best place for Global Investors are treasury secretary Stephen Mnuchins comments that the dollar touching a threeyear low. Others low. Ill be saying to the secretary to talk about that coming up this morning i met a few minutes. Coming clean, algae says washing machines are about to get marks and then responds to deep new tariffs announced by the Trump Administration earlier in the week. Ill discuss that with wilbur ross moments away. Dow jones industrial average getting a new alltime high yesterday. S p 500 and nasdaq lower after declining technologies. , but not the dow continues in uncharted territory. Features look like this on the mixed performance yesterday looking among the intent of the dow industrials up another 40 points this morning. S p 500 announced back also high
Questions are good a lot going on all right the markets are crazy, becky what was that, 350 on friday, when it was all said and done. And strongly higher again this morning. Almost 200 and also well, well take a quick look heres a check on the markets u. S. Equity futures at this hour are, as you can see, 193 points indicated on the dow the nasdaq up another 25 the nasdaq shb dhad been diverg last week. Thats a big move that we saw, continuing buying, going on, across the board in this country. And actually in asia and europe, overnight, some strong Market Action and some interesting news in the tenyear note as well. But as you can see, the nikkei was one more than 1 point 260 points hang seng up sharply as well check out europe, green across the board, in europe, when i watched, at least looked this morning. Not the gains that were seeing here or in asia. But well see what happens this week as we move forward. Its only 6 01 and treasury yields moderating on the tenyear, which that you
Note, the hang seng. The hang seng hitting the highest level since june of 2015 during that session. The picture of europe here, inflation data hit the tape moments ago. A mixed bag. Fractional losses in germany and france. Home depot just out with First Quarter results. Earnings of 1. 67 a share, coming in 5 cents above estimates. Global Comp Store Sales were up 5 , that beat the consensus of 4 . U. S. Comps were up 6 . Wae above e home depot raising the fullyear earnings forecast. Market reaction in the currencies from the Washington Post story. I to be honest with you, i didnt buy it because what were seeing across the board is that people are willing to take on a little bit of risk. Euros are turning to levels since before the french election, yen is coming off. We saw the chart. Its been a while that the dollar euro has been strong. You can do just about anything you want in the Financial News reporting, sort of and im sure we didnt make that up. Im sure the person that wrote that