First we start with chaos on capitol hill as it took down stocks again, the dow sinking and ending the day down triple digits this as protesters in d. C. Has emerged as uncertainty swirls around the final draft of the tax bill ylan mui is on capitol hill for us tonight reporter scott, this is really democrats last stand to try to block this tax bill they stormed Office Buildings here on capitol hill today they were chanting tax the rich, not the sick. They also said, kill this bill, dont kill us. We saw the protesters sitting down on the floor, trying to block the entrances to lawmakers offices they were blocking the hallways as well. We saw several people getting arrested, about 300 protesters at all were expected here today. They were targeting lawmakers who represent swing districts, republicans who might be representing purple districts. For democrats, this is really now more about just the tax bill they now are looking at this as a health care issue, because the Senate Version of
That conference. A lot of optimism there. And well discuss why hundreds of millions of dollars are going into Alzheimers Research it still may not be enough to make any real progress. Also along musk discussing the latest spacex rocket failure right now. Well bring you the latest headlines soon as we get them. We start with our closing bell exchange. The major averages are in record territory. Territory. Mr. Willis whats moving this market today . This is another one of those days where we are hitting singles. No home runs but enough to put us over the top for the s p and the nasdaq in record territory today. The big cap, particularly the nasdaq are the story. Inside that story, you need to take a look at some of the rotation that we are seeing. Still taking profits out of the russell 2000. Some of the Health Care Stocks seeing profittaking. We are seeing money rotate into the consumer discretionary, particularly the restaurants strong today. Chinese stocks trade here also showing stre
Hurricanes season, but the commodity king says do not trust this bounce. First we start off with breaking news, and stocks closing at a record high, the dow soaring more than 250 points and just about 60 points shy of the record clout, and s p 500 closing at a fresh record. Investors breathing a sigh of relief as tension with his north korea ease, and the worst of the hurricane seems to have passed is it too lay to get in now . Is there anything you are selling here guy . I want to be consistent on this i thought we said the last couple weeks, mean that in my opinion i thought the market would continue to ratchet higher the market was down in a less than meaningful way. We had that conversation last week we talked about the dax, which i still think is the leading indicator needing to hold 12,000, with the exception of one day, it effectively did. A big day today. I dont say its the allclear, but i think the tra jector continuing to be to the up side. Financials being helped by the insu
In a few minutes President Trump is expected to make a jobs announcement well bring you nose commethose north korea fired back with tough talk to the u. S. Eamon javers has details. Reporter we got the white houses First Response to the north crkorean comments. First the comments, what he said about the United States in the wake of the flybyes by american bombers over north near north korea over the weekend he said since the u. S. Declared war on our country, we will have every right to take countermeasures including the right to shoot down u. S. Strategic bombers even when theyre not yet inside the airspace border of our country. White House Press Secretary Sarah Huckabee sanders in the brea briefing a few moments ago said the United States has not declared war on north korea and to suggest it has is absurd and also had this to stay. Take a listen. Its never appropriate for a country to shoot down another countrys aircraft we its over International Waters our goal is still the same, w
4 today hitting its lowest level in more than 4 years this despite the announcement that it is giving activist investors nelson peltz a seat on its board. With a techie dividend, widely held share base this might be one of the most tempting stocks to buy the question is simple though. Is this an ultimate value play or value trap . Guy . I would continue to say and i think weve been steadfast on this one, its a value trap. Now the good news i think today is heavy volume, yeah, traded 140 million shares typically trades about maybe 40 million or so. Thats a good sign maybe you flush a lot of people finally out of this name, but on friday while you were galavanting someplace and mcc was sitting in that middle seat, she asked a similar question and i said Thomas Edison could come back and run ge and that wouldnt save it ill say it again tonight. So are we getting towards interesting levels i would say yes. Only in terms of what we saw in terms of volume and in terms of what they saw you fo