Welcome. What at a day and what a week. On this friday, the market got a little of what its been looking for, a partial trade deal. President trump met with chinas vice premier at the white house where the two sides announced the first phase of what they call a substantial trade deal. Investors were upbeat all day ll about something. Anything happening. And they got it. The Dow Jones Industrial average advanced 319 points to 26816 after rising more than500. The nasdaq was up 106 and the s p 500 rose 32. And all major indexes were higher for theeek on the hope that progress was being made in trade. Bob pisani has more on the markets response. The rally rolled on today with the dow having the best day since early june. All three major averaging snapping threeweek losing streaks. Investors cheered prospec of a china trade deal how much more steam does the rally have. The s p moved 40 1 from the oltd highs. Does the mini deal get the markets through christmas . General consensus among trad
Reportfror ay, october 11th. Good evenin everyone and welcome. What at a day and what a week. On this friday, the market got a little of what its been looking for, a partial trade deal. President trump met with chinas vice premier at the white house where the two sides a founced thest phase of what they call a substantial trade deal. Investors were dbeat all about something. Anything happening. The dow jndustrial average advanced 319 points to 26816 after rising more than 500. The nasdaqasp 106 and the s p 500 rose 32. An all major indexes were higher for the week on the hope that progress was beingaden trade. Bob pisa has more on the markets response. The rally rolled on today with the dow having the best day since early june. Snapping threeweek losing streaks. Investors cheered prospect of china trade deal how much more steam does the rally have. E p moved 40 1 from the oltd highs. Does the mini deal get the markets through christmas . General consensus among traders is its not clear
Chevrons earnings dropped 90 from a year ago. Exxons earnings were cut in half. And these two dow components saw their stock prices take a hit. Chevron was off nearly 5 . Exxon sank 4. 5 . And today crude prices continued their tumble, settling down nearly 3 to 47. 12. The commodity is now down 21 this month. Its worst month since october of 2008. And that was the heart of the financial crisis. Jackie deangelis has more now on the pain in the oil patch. Reporter when big oil speaks, investors listen. What was said today was not encouraging. Exxon mobil reporting its worst quarterly profit in nearly 13 years. And chevron seeing its profits plunge, triggered by impairments and charges, based on lower oil prices. Exxon noted that higher profit in refining couldnt offset losses in its upstream businesses. Thats the exploration and production side of things. Exxon making a move to conserve cash confined to the market but it doesnt expect to see a quick rebound in crude prices. The Company P
Chevrons earnings dropped 90 from a year ago. Exxons earnings were cut in half. And these two dow components saw their stock prices take a hit. Chevron was off nearly 5 . Exxon sank 4. 5 . And today crude prices continued their tumble settling down nearly 3 to 47. 12. The commodity is now down 21 this month. Its worst month since october of 2008. And that was the heart of the financial crisis. Jackie deangelis has more now on the pain in the oil patch. Reporter when big oil speaks, investors listen. What was said today was not encouraging. Exxon mobil reporting its worst quarterly profit in nearly 13 years. And chevron seeing its profits plunge triggered by impairments and charges, based on lower oil prices. Exxon noted that higher profit in refining couldnt offset losses in its upstream businesses. Thats the exploration and production side of things. Exxon making a move to conserve cash confined to the market but it doesnt expect to see a quick rebound in crude prices. The Company Pla
Chevrons earnings dropped 90 from a year ago. Exxons earnings were cut in half. And these two dow components saw their stock prices take a hit. Chevron was off nearly 5 . Exxon sank 4. 5 . And today crude prices continued their tumble settling down nearly 3 to 47. 12. The commodity is now down 21 this month. Its worst month since october of 2008. And that was the heart of the financial crisis. Jackie deangelis has more now on the pain in the oil patch. Reporter when big oil speaks, investors listen. What was said today was not encouraging. Exxon mobil reporting its worst quarterly profit in nearly 13 years. And chevron seeing its profits plunge triggered by impairments and charges, based on lower oil prices. Exxon noted that higher profit in refining couldnt offset losses in its upstream businesses. Thats the exploration and production side of things. Exxon making a move to conserve cash confined to the market but it doesnt expect to see a quick rebound in crude prices. The Company Pla