Describe todays session torn between the ecstasy of victory from the near passage of a very pro business tax bill, and the agony of consternation over the russia investigation taking a more serious turn oh, yeah volatile day dow only closing down 41 points. It was down 350 at one point the s p backsiding 0. 2 a lot of pressure on the tech stocks were in an unchartered waters when the serious investigator is building a case seemingly against the president of the United States. A special Counsel Robert Mueller seems to be doing that i found myself thinking, will we have impeachment hearing, a ton of president ial pardons . How does president pence sound i defy anyone to tell me they didnt think those same thoughts when they saw the headlines that former National Security adviser mike flynn was flipping on his old compatriots. In the end though we dont know where this investigation will lead maybe nowhere. And while the tax bill looks close to a done deal, nothing could be certain there e
Make big money if this cvs deal closes well tell you how much. Trying to count it up coming up first as you know, President Trump made this major announcement on israel today which could destabilize the middle east this coming just a day after carlisles David Rubenstein told cnbc the only thing that the market needs to worry about is an unexpected geopolitical event. The only thing we have to worry about in 2018 or 2019 some unanticipated geopolitical event, the black swan. But right now short of those kind of things i think the economy is reasonably good shape and probably going to be spurred on by the taxbill. Lets get to cnbcs eamon javers for a recap of eat vents. The president decided today to recognize that the capital of israel is in jerusalem breaking with longstanding u. S. Policy the president cast this as simply acknowledging the reality on the ground in jerusalem and said that he was fulfilling a Campaign Promise heres what he said earlier today. Today i am delivering ive j
S p off by 13. Yesterday we saw a swing of 400 points or more we were up by 100, 350 i need more than 140 to get worried . No, thats a yawn at this point. 0. 6 at this point if you think back to all of last year watching, if it starts down 140, you could look away, look back, be down 800. You saw what was happening with treasuries. Lets look at that board once again. Looking at treasuries, these are the yields, the tenyear yielding 2. 831 . Stepping back from the 2. 9 it crossed yesterday. Check out the twoyear, 2. 069 look at europe thats where the markets are open for early trading at this point it looks like no, no back that up asia closed, but the nikkei down by 0. 6 hang. Shanghai up by 1 in europe, you can see active trading now, at least at this point things are relatively mixed ftse slightly higher but declines of a quarter percentage point for the dax in germany and the cac in france. Earnings still coming in this is a big one. Pepsico reported 1. 31 for the Fourth Quarter, a
U. S. Trading session. We have a third up session . Julie hyman has the answers. Do, at least for now p we know things tend to change throughout the session. Right now, we are seeing stocks in the red, even as Jerome Powell talks. Keeping an eye on rates as well. Far to his thus comments, all those are bouncing off the lows of the session. Take a look at the groups on the move today. Even though we are not seeing steep declines in u. S. Markets, we are seeing a broadbased decline. Look at the imap on bloomberg mostly read on the screen. All of the major groups are down. Sensitiveest rate groups continue to suffer. Health care is one of the big drags on the major averages. There is a lot of movement in health care this morning to keep an eye on pay first of all, keep an eye on. Dental trade we are talking about henry schein and patterson companies. These Companies Control 85 of district readers sales of dental products and services, according to the ftc. The ftc alleging these companies
Is not often the way we end. On thursday and friday you werent here thursday and friday no. It continued. The bill murray bottom, which we were up 300 points on that friday, suddenly up 1200 points. We made back about twothirds of the losses. If we were to close down over 200 today, the dow would fall under 25,000 so were back to 25,200 again. The art cashin has the from a month ago where people were like, oh, my god it needs to be kept in perspective. 291 on the tenyear. Youll look at that later. That 2. 6 or 3. 0. What did he say he said thats the question 3. 0 is more likely. In asia, some markets are still out now. They have been closed because of the Lunar New Year the nikkei down by 1 . The hang seng down by 0. 78 . In europe, many of the markets are mixed. The dax is flat. Cac is up 0. 2 the ftse down by a quarter percentage point if you get to treasury yields, the tenyear is what weve been watching just below 2. 91. Home depot just out with quarterly numbers. Retailer reporting