A powell boost and metcoin above 11k. And snap snubs social media a blistering ped about facebook and spread of fake news. And amazons growing influence, we have an exclusive interview with andy jassy. Stocks are on track for more record high. Boosted by advancement of the tax reform bill to the senate floor. Financials obviously rallied following comments by fed chair nominee Jerome Powell at his confirmation hearing he did say bank rules are tough enough he also got bitcoin surpassing 11k, after breaking 10k about 24 hours ago, jim. Yeah, i know ill get heat on this but even if you believe in bitcoin, the velocity of the move is a sign that its parabolic and parabolic moves dont last and i know that when i look at that i say to myself, okay, if i owned it, what would i really be doing . The answer is when you have that big a gain you have to take profits. That velocity is crazy that velocity is not right. Whos buying this thing some arguments say its people in venezuela that want to
Housing startswere pretty soli this morning roadmap begins with that record run for the markets. The dow has now closed at a record 70 times this year. Will the rally push through year end amid turmoil in d. C. Speaking of records, the nasdaq breaks through 7,000 for the first time were going to take a look at the names driving that index higher. And downgrade for apple has the stock down slightly and hot holiday item that is sold out. Weve got the latest first up, futures are on the rise after another historic day for stocks, including the dow posting the record close of the year the house is expected to vote on the tax reform bill later on today. Looks like pretty clear sailing and Senate Begins a mandatory debate but pretty much with colins and corker and lee, this thing will get done. I think that people are driven by estimates. And i had United Rentals last night. United rentals immediately gets more cash. What are they going to do . Put more people to work, buy back more stock. W
Here in miami. Thanks for having me. [inaudible conversations] please be seated. Good afternoon welcome to the 3h annual book fair. Here at the Honors College we are absolutely delighted to host for you this year. Before we get started there are organizations to think. Please give our foundations around of applause. [applause] we are so fortunate those that care about book fairs and, literacy please give yourselves a round of applause. [applause] as is customary please turn off your cell phone we will have q a at the microphone. Please be brief and concise also assigning area is to the right. Ou this is a special panel because we have one of the founders of the book fair. [applause] that is very kind of you that is very kind of you i have been doing this 31 years i have been at mcmahon for about 5000 authors and never nervous but this is the first time. [laughter] as many of you know i have not kept it a secret im involved with the film called the man who invented christmas it will be
Today, boss tick and caplin, claims fall to 222 roadmap begins with rate shock jitters as investors continue to digest the hint on hikes. Could the ecommerce giant account for 25 of the s p 500 gains this year such as netflix and microsoft. Walmart looks to challenge target and amazon making a big investment to boost online sales for home goods. Stocks are looking to rebound from the big swings on wednesday. The dowrose more than 300 points and only to give up gains and finish down 167. The blue chips and s p in the midst of a twoday losing streak and nasdaq is down for three days and has not had a fourday losing streak since november of 2016 thats how long its been for the nas. It looks like they were going to be in good shape yesterday and held onto the gains until the digestion of the fed minutes and amazon crossed 1500 for first time and fang really powered the nasdaq higher until of course, the minutes. Now the journal is looking at individual stocks that are responsible for the y
Is not often the way we end. On thursday and friday you werent here thursday and friday no. It continued. The bill murray bottom, which we were up 300 points on that friday, suddenly up 1200 points. We made back about twothirds of the losses. If we were to close down over 200 today, the dow would fall under 25,000 so were back to 25,200 again. The art cashin has the from a month ago where people were like, oh, my god it needs to be kept in perspective. 291 on the tenyear. Youll look at that later. That 2. 6 or 3. 0. What did he say he said thats the question 3. 0 is more likely. In asia, some markets are still out now. They have been closed because of the Lunar New Year the nikkei down by 1 . The hang seng down by 0. 78 . In europe, many of the markets are mixed. The dax is flat. Cac is up 0. 2 the ftse down by a quarter percentage point if you get to treasury yields, the tenyear is what weve been watching just below 2. 91. Home depot just out with quarterly numbers. Retailer reporting