the media s apparent refusal to cover or investigate the many scandals surrounding the presidents family. the broadcast networks did not spend one minute covering the house republicans bombshell report on the bidens and business associates. incredible. now media watchdog group is exposing how the legacy media hasn t given attention to nearly a dozen bright and related scandals. including this week s charges that the biden family received more than $10 million from foreign nationals the cia intelligence letter the falsely claimed hunter biden laptop was russian disinformation. the fbi then vice president biden took bribes and obama years and many more. not a single minute of coverage by major networks. harris, this is to be expected. i love how jonathan turley put it with regards to the many angle. every generation got cash. only bidens that didn t get the cash for the pets. rex he s the most powerful man in our country and in the free world. he deserves to have attention put
Stocks on the rebound as you can see, still tracking for five straight weeks of gains on optimism over tax reform that optimism sending the man to my right, tony dwyer, to raise his target for stocks in the new year to 3,100. Now youre the top dog now was that the plan . No. Thats marketing bs. No, thats marketing bs. Its more the methodology of how i get there. For the last six months ive said my 2,800 target for the s p is too low because you had to implement the tax cuts but without a Corporate Tax rate, i have no idea what that is. So 21 , that adds 9 to the s p earnings im at 140 for this year, was at 140 so now im up to 155 the market is trading at a 20 multiple why should that change so im assuming a 20 multiple. Im too low for both, the multiple and the earnings. The 3,000 club is growing, seemingly by the day you get Credit Suisse bumping their target up. You had a couple of places yesterday doing the same thing and 3,000 is right around the highest number now that tony is a l
Unchanged suggested that inflation might move high they are year. The gains, disappeared th for an hour or so. But then they were found. And here are the day final numbers. The Dow Jones Industrial average rose 72 points to 26,149. The s p 500 gained nine and the nasdaq 500 was up one. Th choppy day closed out a very strong month. The dow and s p extended their win streaksn to raight months something that hasnt happened since 1959. Those indexes also had their best january outing in years as u can see there. Not to be outdone, oil prices rosel seven p percent this month as production topped 10 millio Barrels Per Day for the First Time Since 1970. Now to the fed. As weed mentihe Central Bank Left rates unchanged at chair Janet Yellens last meeting but upgraded its view of the economy and expressed greater confidence that inflation will move towards its 2 target. Steve liesman is in washington i t. Bottom line is that the fed pointed to market strength. Its on track for at least three ra
Is if if the president of the United States continues to call in aides and instruct them or give them leave to go out and make comments and starts exciting inconsistent with what the policy is of the administration or changing it, i think that the general is going to have to do this hes going to have to tell the president , look, mr. President , if youre going to tweet, let us know beforehand and let us take a look at it, if you will, and also folks coming into your office, when they come out of your office, if you call them in, instruct them that they will have to come by me and inform me whats been said, and hes going to have to structure this thing. I dont know whether thats going to work, but i do know that those below the general, given what he did today, i think will have gotten the message, and i think hes certainly got the possibility of imposing a new sense of discipline and order on the staff below him but were dealing with the president of the United States i mean, thats one
Taketogether, it was a recipe for a down day, and that is exactly what we got. The mainly indexes all falling 1 or more. The Dow Jones Industrial average off 200 points to 18,128. The nasdaq declined 81, and the s p 500 was off 26. A shadow was cast over the Broader Market when alcoa reported weaker than expected results to kick off earnings season. The stock fell 11 . Its worst day in more than seven years. And this was the last report for alcoa before it splits into two. Morgan bre dives deeper into the metal companys results. While alcoa reported higher quarterly profits, revenue slipped as the commodity busine continued to face pricing headwinds. But the higherperformin valueadded s that supply the aerospace and Automotive Industries also came under pressure. We have to admit that we are seeing in some of the markets some new challenges. On the aerospace side, were seeing there is huge demand there, and there are problems on the engine side, particularly, and some destocking on the