Cap then i put it down not on my head but on the desk of my day job on jacsquawk on the street i wouldnt put it on was i concerned about a jinx the dow dipped and the nasdaq gained 0. 65 led by the semis. I dont think not wearing the hat was about a jinx but something more pernicious, frankly. Back in the 80s and 90s we celebrated each millennial milestone on the way up. They were hard fought and sometimes they were trapped when the dow was stuck in the 2000s from july of 87 to january of 1992, a crash like we had in october can do that sort of thing. Other times we breeze through the milestones lost some hats, beautiful days then came the turn of the millennium and while the dow held in there the 77 collapse of the nasdaq was too much for people to handle a whole generation of investors vanished many never came back those that did came back, they got crushed by the Great Recession when those round numbers reversed and reversed hard and cut by more than half at the bottom. Thats when i
Corporate funding is provided by mutual of america designing customized individual and Group Retirement products. Thats why were your retirement company. Additional support has been provided by and by the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. Thank you. From the tisch wnet studios at Lincoln Center in new york, hari sreenivasan. Sreenivasan good evening and thanks for joining us. President trump said today he believes he has the votes in the Republicancontrolled Congress to pass his tax reform bill calling for what he claims are record tax cuts by the end of the year if not sooner. Itll be the biggest cuts ever in the history of this country. And i think that theres tremendous appetite. Theres tremendous spirit for it, not only by the people were dealing with in congress, but for the people out there that want to see something. Sreenivasan the republican plan proposes tax cuts of up to 6 trillion and is expected to add up t
Wall street hasnt seen a down day like this for months. Investors sold stocks and bought bonds. They also put money into gold, a socalled safe haven. Lets get into the closing numbers for this thursday. The industrial average plunged 274 points to 21750. Nasdaq tumbled 123. And the s p 500 was off by 38. It wasnt just one reason for the sell washington uncertainty contributed, so did some weak earnings reports. And the losses intensified midday on news of a deadly terror attack in the heart of ba we watched the selloff today from the floor of the new york stock exchange. Are the markets in trouble . Well, not yet. But theres some cracks. We seen something in the last two weeks we havent seen in some time. A selloff last week and another one this w starting to do so they broke below a key level with almost half of all nyse stocks. Whats causing this . Several events have come together. First, theres leadership doubts about President Donald Trump starting to emerge. The markets drifted l
In line. They told me they really like cruzs christian principles that is what appeals to them, that is what he is going for that evangelicals base. But cruz does not have to necessarily win North Carolina to make an impact where it matters. Thank you so much. Reporter donald trump is expected to win North Carolina, but that does not mean he has the republican nomination locked up. It seems the race to win, which is trump, there is the race to peel off delegates in hopes of creating a fight at the Republican National convention. Reporter uncpolitical vience professor said that dont count on seeing much any of if any of florida senator marco rubio or Ohio Governor john kasich in North Carolina, primaries in their home states are on the same day at North Carolina, for them in their states. If they dont win in their states there is not much of a claim they have to continue on. Reporter red to ted cruz could be the wild card in North Carolina. The state is not what is called winnertakeall.
On tap for monday with highs in the upper 40s. We ll be back in the mid 50s by tuesday. Rain moves back in by wednesday. In addition to the snow and rain, we will see very strong winds. Winds will start to crank up on today with gusts to near 40 mph. Gusts could reach to 40 mph on saturday and sunday. Winds will start from the ne but shift to the north. This could create some coastal and tidal flooding issues, especially for parts of the southside. Watch out for flooding during times of high tide. For Sewells Point that is 8 30 am and 8 49 pm on saturday and 9 14 am and 9 32 pm on our Team Coverage of the winter storm continues with newschannel three s kurt williams. He joins us live from downtown norfolk where drivers could face now to the richmond area where the winter storm is dumping about 2 feet of snow in that area. Wayne covil joins us live with more on how the snowandsleet is look what the snow did on interstate 64 earlier today. Newschannel three spotted a car against the jers