Low. That didnt come close to happening. Even though looked like a sure thing earlier in the day. That is a weak close, that is the bottom line. Well get into it in detail. Fox Team Coverage of our top stories with our reporters first and blake burman on the big meeting with the bank ceos that wrapped up moments ago. Lauren simonetti covering the gyrations in the markets. Edward lawrence is on Small Business duty reporting the loans out of washington. Blake, we begin with you. That meeting has wrapped up, right . Reporter that meeting wrapped up between President Trump, secretary enough, larry kudlow, ivanka trump. That meeting at the white house just moments ago. At the beginning of it, larry kudlow, president s top Economic Advisor talked up the possibility maybe the economy can open up again the coming weeks. That is a theme we heard throughout the Trump Administration throughout the day. Even at one point at the beginning of that meeting as well, President Trump echoed that timelin
Coach, advanced autoparts and even home depot is on the red and thats dragging the dow down well tell you whats behind these big moves. Four people have left President Trumps Manufacturing Council in the wake of trumps reaction to the deadly violence in charlottesville this weekend. Is it a sign President Trump is losing support from the Business Community in general. And after the bell our friend Mohamed Elerian talks about whether geopolitical tensions and north korea could still be a risk factor. Always look forward to talking to mohammed. Lets take a look at the ugly day for retail Courtney Reagan has all the numbers the numbers, the big numbers, the High Altitude numbers were good, but the stocks are just getting slammed today, courtney. Reporter and i think thats the point, bill. If you look at the stock movement, you may not realized there was actually good in todays retail report, though it wasnt really the case for dicks Sporting Goods. Shares here hitting sevenyear lows after
The abuse of power by the irs. George will in a Washington Post oped tells the story of a Michigan Grocery store owner who would make small deposits into the bank very regularly to avoid having too much cash on hand. This aroused the suspicion of the irs. They assumed he must have been up to no good. They launched an investigation, presumed his guilt, used an arcane rule called civil forfeiture to empty his bank account. All of this was done without ever talking to that Business Owner or charging him with a crime. All rise. Judge Andrew Napolitano kicks off the program. Welcome back. What is going on here . Judge napolitano george will is our colleague and one of the finest writers in America Today and also one of the most fearless points our problem which is bubbling beneath the surface for many years and this is the fault of congress for letting it happen. Congress enacted a statute that said for every deposit or withdrawal from any bank account no matter the type of bank account, 10
But wait, look at california. Highest in the nation by a long way, 4. 21. Underlying gas prices, the price of oil to. Wheres that this monday morning . 104. 51 a barrel. Its up there. Sandra smith is with me. Gas has been up, i think, almost if not every single day for a month. Yes. Stuart now, ive got two questions. Why is that . And number two with, 4 gas on the horizon for this summer . What do you say . Let me give you the easy answer, its geopolitical tensions in ukraine, okay . Its the Federal Reserve pumping money in the system, devaluing the u. S. Dollar, driving up those commodity prices. The more difficult answer as i look into this gas price rise is consumption versus actual supply. We are using more gasoline today than we were several years ago. Stuart yeah. I hear its up 3. 8 in the past year, demand, consumption. And last a year we saw the biggest increase in gasoline consumption in this country since 2006. So while there might be more flex fuel be vehicles out there, ele
Almost entirely due to the strong results from ali baba. We call it the chinese amazon and yahoo owns a quarter of it. Profits more than doubled. Charles payne is here. To you first, what is yahoo if it didnt have a quarter . Charles lets compare the last quarter. Ali baba 3 billion revenue, yahoo 1 billion, revenue up 66 , yahoo up 1 . When yahoo trotted two new digital magazines and the fact the quick and loan bracket challenge they with the Technology Behind it you knew you were in trouble. Stuart if ali baba is the reason for yahoo s stock rise, does that mean Marissa Meyer hasnt done much in her two years as ceo . Is fair to criticize her but it is not fair to say she hasnt done much because the report also said that revenues were up for the First Time Since july of 2012 so something positive is happening. If it was all ali baba would you be seeing a 5 move . Charles two months ago the street said ali baba was worth 150 billion. To date is 250 billion. That is worth 5 to a company