Im Brian Sullivan your money beginning this year like it ended last year with a nice pop dow, s p and nasdaq with their biggest one day gains in two weeks. Tech and nasdaq flying high. It is up more than 1 . For those of you keeping score at home, heres an interesting stat the dow has not fallen for three Straight Days in more than three months some of the individual movers, Weight Watchers shares rallying. The Company Announcing their new social media ambassador. That stock nearly tripling last year more on that story ahead and individual retailers on the move advanced auto parts and jc penney rallying. Im Michelle Carusocabrera heres what else is happening. You heard brian spotlighting brick and mortar retailers amazon says it shipped more than five billion items to prime members in 2017 and that more people signed up for the service than in any other year wall street journal reporting alibabas mobile browser is beating googles chrome in some of asias Fastest Growing markets. After a
Somewhat below 2 . The fed does maintain gradually rising rates. This should be anywhere between the 2 that, two rate increases that some fed Bank President s have been calling for like harker out of philadelphia to as many as four this year which some economists are saying could happen. The dot plot in december said we would have three. The fed also reaffirmed its 2 target rate knits annual statement. Jay powell will become the new chairman effective february 3, sworn in monday at 9 00 a. M. , trish. Trish thank you, adam. Joining me for reaction barrons Senior Reporter and gary kaltbaum, kaltbaum capital management. Gary, people were concerned Interest Rates move higher but shouldnt they . If youre in a better economy shouldnt we have threat of higher Interest Rates some point on the horizon . Isnt that normal . I have been saying for years the fed is insane the we have 4 unemployment. Gdp in the threes. Economy that is strong and fed fund should be in the 3s if not now, not higher.
The bad news for yahoo is that the 4. 8 billion deal between yahoo and verizon may be on life support at this hour. Bloomberg is reporting that verizon is trying to negotiate a price cut or even an outright exit from the deal. Maybe they want out and yahoo taking the potential rejection very badly. It is down more than 5 after it announced it had the biggest hack in internet history. More than one billion users compromised. We have a fox business exclusive with cofounder of aol, steve case, were going to ask him if he were the ceo of verizon, now knowing what he knows about all the yahoo breaches, would he get out with his jacket still on . And is part of this verizons fault . Steve case in a fox business exclusive. Plus, mystery in the motor city at this hour. General motors hastily calls a News Conference but the auto giant wont say what its about. Will ceo and chairman mary barra say her company is officially at war with china or Reveal Technology that could disrupt the entire indus
Points. That number is a little misleading, a third of the down ends are higher. United help down about 3. 5 . Thats heavy and is dragging the index down as well. United health bringing down the marks. Keep in mind for the best week so far for the year for the dow. Brian, thank you very much. Welcome, everybody. Im tyler mathisen. A florida man is in Police Custody for allegedly plotting to blow up several east coast target stores. Investigators believe he was attempting to target stock. A man arrested in korea, current will i the defacto head of samsung, accused of bribing the now impeached president. Rainsoaked california bracing for yet more wet weather. Forecasters say parts of los angeles could see the heaviest rainfall in six years. Michelle. Tyler, we begin in South Carolina, where President Trump is expected to speak at the boeing facility. Eamon javers is in washington. Give us a preview of what to expect. Reporter things, plaintiffing in the usa, job creation as well as perha
We are seeing stocks fall to their lows of the session. Weve seen a sharp gyration during the course of the session thus far. Some of it appears to be driven by oil, perhaps some people paying attention to those comments by robert kaplan. But overall, we are definitely seeing a negative at this point for the major averages. Take a look at the bloomberg here for the groups on the move. Healthcare is the worst performing group. Then theres technology, financials and energy. I should mention amazon is actually in the Consumer Discretionary index in terms of where it is sectorwise, and that index is very slightly higher, so its not grouped with technology in the s p 500. When you look at healthcare and see the big decline, at least some of that is due to gilead. The companys profit missing analyst estimates. It had disappointing sales of its two blockbuster hepatitis c treatments, and so that is whats behind the steep drop were seeing. Then theres a cycle, which is a Health Waste Managemen