Up another, what, 60, 70, 80 as of this morning. By the time we open, the dow will be, what, about 300 points away from 26,000, another milestone. Heres that big number, put it up again, please. The value of all stocks has now gone up 7. 6 trillion since the election. And more companies are giving employee bonuses because of the tax cut. Fiat chrysler and capital one are among the 14 companies to join the list in the last 24 hours. All right. Jpmorgans chief, jamie dimon, he says tax reform is a significant, positive outcome for the country. In other words, we aint seen nothing yet. Hes americas top banker. Weve got to get to politics. Dueling comments. A vulgarity from the president thrown right into the immigration debate. Thats not going down well. A raciallycharged comment from nancy pelosi, five white guys are deciding immigration policy, she says. The multimillionaire, pelosi, also says those bonuses are pathetic crumbs. [laughter] sit back, folks. Were on a roll. Money and polit
Groups for the First Time Ever so whos getting liked or not . Power lunch starts right now welcome back a nice rally this hour major averages on deck the nasdaq 100 is up more than 1 its led by apple, amazon, microsoft and facebook apple also helping to drive the dow higher you can see more than 1 gains across the board there materials also a winner today. Fr freeportmcmoran helping to fuel the gains. D Discount Shoe dealer dsw soorg about 20 . Coty is down 14 after the company missed 15 on the bottom line thank you. Lets begin with your money. As michelle just laid out, the bulls are back in charge fear is down stocks are up. Technology leading the way lets find out why the optimism is popping back up i think this is mostly about tax policy talk about tax policy finally coming together. Maybe a few other things thrown in as well it was quitely opened and we opened really strong 5 to 1 advancing the stocks. More buyers than sellers the buyers being very aggressive they got to raise the
Referendum rapidly approaching. Lets get to the stories you need to know about. In london where oil tops 50 a barrel. Jodi schneider in japan. And mike mckee right here in new york with the latest fed talks. The rally continues in crude. Brent toppinggh, 50 a barrel for the first time this year. Javier blas, talk to me about driving things toward and barrel. Alter javier we are losing some had thousand barrels a day in nigeria. 700,000 barrels a day in nigeria. In the background is the demand that a strong. Everyone is driving a lot in the u. S. That combined with supply outages is bringing us to 50 a barrel. Jon i want to talk about debt supply. A 9 billion auction what does that tell you about Market Conditions . Javier the pain for the producers has been really acute. You see qatar borrowing 9 billion. They have a big production, relatively reduced population. It is not a country you would expect to be in trouble. That at 50,ing us the problem is not over. Although the markets have
This allows member to address the Treasure Island Development Authority board on matters within the subject matter jurisdiction and do not appear on todays agenda. Public comment will be held each item of the agenda. You may address the board up to 3 minutes. Prior to making comments state your name and organization you are representing if any for the record. Mark connor. Good afternoon mark coner and rez dchbt of Treasure Island and represent myself. Thank sfgovtv and the bhored for broadcasting the meeting. A couple amounsments, august 9 sfpuc is presenting a update with [inaudible] it will be at the belding here. I encourage someone from thisboard or from the titius staff to attend in case the public has questions dealing with tidea and not the puc. August 2 we have National Light out and the purpose is build relationship between the community and police and this has never been as important as it is now. The crisis we are facing. This will be the last National Night out that im coor
And some data just came out on german business climate. The ifo german bit climate coming in at the estimate 104. 5. The number coming in at 105. 5. Slightly higher than what we saw in november and in line with estimates. The German Ifo Business sentiment came in at 105. 5. Why do we care about this . Germany, of course, is europes largest economy. Given its high exposure to russia, German Economy has been showing signs of weakness over the past couple of months. The recent zew survey did come in higher than expected indicating a improvement in Business Sentiment. Were looking at the euro slightly higher trading at 1. 2332. Lets bring in simon, who is joining us now to get your reaction to this german ifo number. Does this surprise you . We see this, the zew and the pmi data lately. I think mainly the main surprise is that theyre shrugging off the surprise coming out of europe. The most open economy, 35 export to gdp ratio. Thats a little bit of a surprise. And is this one reason, give