Hike the minimum wage in 2017, but what might a Trump Presidency mean for the federal wage . And smartening up. Why experts think smart homes will make their mark in 2017, and what homeowners and buyers should know. All that and more for this friday, december the 30th. Good evening, everybody, and welcome. Im bill griffin in for tyler mathisen. Im Contessa Brewer in for sue herera. After what was the worst start to the year, the major averages all had their best performance in several years. As for today, it wasnt all fireworks and streamers to end 2016 with stocks ending on a threeday losing streak. Today the dow lost 57 points to 19,762. The nasdaq fell nearly 49 and the s p dropped 10, but here come the big numbers. Ready for this . For the year, the dow rose nearly 13 1 2 , its best performance since 2013. The nasdaq gained 7 1 2 , and the s p jumped 9 1 2. The best showing for both since 2014. Oh, lets not forget about oil here. Domestic crude soared 45 , its biggest gain in seven
Hike the minimum wage in 2017, but what might a Trump Presidency mean for the federal wage . And smartening up. Why experts think smart homes will make their mark in 2017, and what homeowners and buyers should know. All that and more for this friday, december the 30th. Good evening, everybody, and welcome. Im bill griffin in for tyler mathisen. Im Contessa Brewer in for sue herera. After what was the worst start to the year, the major averages all had their best performance in several years. As for today, it wasnt all fireworks and streamers to end 2016 with stocks ending on a threeday losing streak. Today the dow lost 57 points to 19,762. The nasdaq fell nearly 49 and the s p dropped 10, but here come the big numbers. Ready for this . For the year, the dow rose nearly 13 1 2 , its best performance since 2013. The nasdaq gained 7 1 2 , and the s p jumped 9 1 2. The best showing for both since 2014. Oh, lets not forget about oil here. Domestic crude soared 45 , its biggest gain in seven
Rental homes. Forget about foreclosures, theyre buying new. That could mean a big boost to builders. Diana olick is actually here shes in the house, excuse the pun to explain how it all works. Li, mandy. Love a good pun. Look, it was supposedly a temporary trade. Largescale investors turning foreclosures into singlefamily rentals. Then when home prices recovered, theyd sell the homes and pocket a nice profit. But investors say it is not a trade. A bunchburgeoning new asset class. Theyre now going to new Home Builders buying in bulk to rent. A californiabased publicly traded reit in Single Family rentals has already bought a few hundred homes from builders and its ceo says that is just the beginning. I spoke with him outside one of his new rental near atlanta. You have no reason to sell any of your homes. No. I actually think we are coming into the most compelling three or four years that ive seen since ive been in the business. Ryan says not only is this a promising new frontier for hi
For right now people continue to think that the fed will continue the bond buying program. Take a look of the nasdaq. Into the greenlaw we were not looking. Three points. Dow and s p pulling back. We have had a nice run, looking at each of the indices over that time, one week. A winning year, for short. Major averages hitting records this week. The nasdaq at highest level since 2000, the dow and s p hitting the highest levels ever in history. It really has been a monumental weekend. Six straight weeks of gains for the dow. That is the latest. Ashley thank you very much. Oil dipping lower after a week of jobs for boards, was still on track to end the week on a higher note. Fox news contributor phil flynn in the trading pits of the cme. Reporter it is like the old days where bad news is bearish and good news as bullish. That is really what has been happening in the oil complex since the fed statement earlier in the week. The concerns about the lack of inflation means that the tapering is
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