Coming up in a few minutes. First, we have julie hyman 30 minutes into the trading day. Stocks climbing after smaller clients yesterday, with all three major averages reaching intraday milestones, in part because of consumer stocks and the news we got from individual consumer companies, and also, we have continued to see a rally week after week after week. We take a look at the bloomberg terminal, you look at the effect that dividends has had on the ongoing rally that we have seen for the s p 500. You are looking at the s p 500 in blue here. Is climbing and white. If you look at the total return index, including reinvested dividends can you see how much that magnifies the gains, particularly in recent years, and as Companies Continue to raise their dividends. Not only has the absolute price return worked out well for investors, but also, of course, the dividends have had a big effect. Getting to the consumer names from one of the biggest of the big reporting news today, that is walmart
Shares of dow component nike rallying today after the company said it expected sales growth to be in the high Single Digits over the next five years the Company Holding its investor day investors are liking it so far so far. And mark parker will be joining us in a rare and exclusive interview to discuss more about his plans for growing revenue for the sportswear giant. Its the best performer in the dow components today President Trump said earlier this afternoon the u. S. Desperately needs tax cuts well talk about that and more, Congress Secretary wilbur ross will be here post nine joining us exclusively coming up in a little bit good lineup of guests. We have a good lineup today. Lets get to the top story. The market selloff continuing today. The major averages off the low right now but the dow was on track for the worst day since early september. Lets bring bob in here look whats driving the move lower today. Hello william finally volume and volatility and we should have it because w
The shanghai up by half a percentage point in europe in some of the early trading right now we are seeing things a little bit mixed across the board. Ftses hanging in there up by. 10 of a percent. They are seeing pull backs by the dax down and the cac off by 1 3 of a percentage oint. Crude oil prices on a climb again last week where oil was up by just over 1. 10 this morning wti back 1 cent i take that back, its unchanged at 56. 74 lets tell you whats going on couple stories were watching this morning couple big ones. General electric is going to announce a major restructuring is going to happen today ge will focus on three or four units, aviation, power, health care ge is planning to shed its majority stake in oil and gas operator baker hughes. Remember that big bet that shedding . Shedding. Shedding. Like skin. John flannery expected to announce the changes at a meeting. Theyre getting out of it he got into it, now hes getting out of it. You build it up and you take it down were goin
On cnbc. Im kayla tausche. Earlier today, Charlie Evans tosantoli. Speaking said the fed should prepare for the next crisis now. Said its worth considering things like price level worldwide tour landed you here targeting. In other words, say were going to hit this level and well glad both of our alarms went stick with it. Well keep policy low until we hit that target. Off this morning lets check the stocks this saying the fed should prepare morning, see where we are in the public for unconventional trade. Roughly flat look at where the dow is policies in unconventional an implied open of up 7. Times. These are four central bankers on the podium with different policies take a quick look at their the s p down 2 the nasdaq down 3. Balance sheets relative to their roughly unchanged. Gdp. A bit of the air coming out of japan has done much more in the the rally, at least in the u. S. Way of quantitative easing early in the futures trading. Their Balance Sheet is 95 of the markets have been o
The right person to lead the turnaround well be talking to former ge vice chair bob wright. The father of nbc universal. Hell join us live here at post 9. Get his take on the outlook for General Electric and conflicting reports in the last hour about whether the Senate Tax Bill will include repeal of the obamacare individual mandate we have Senate Finance Committee Member pat toomey here to tell us whats going on, and what other changes have been made in that bill. Weve been getting conflicting reports on exactly whats in that bill. Well get it directly from senator toomey. Is the rok uru run over stock pulling back after the 125 gain in just the past 3 days a debate on whether this streaming stock has run its course or just taking a breather right now. But we start today with big moves in retail. As Companies Like Dicks Sporting Goods and tjx fall after reporting their results this morning Courtney Reagan joins us with a roundup of whats driving those stocks lower courtn courtney hi t