After he criticized the move. All of this happening on day one of a brandnew congress. Republicans are pushing an aggressive agenda as vow to put up a fight. Weve got you covered on this very busy hour. David and the markets getting aggressive there at the end. The dow climbing in the final minutes of trading. Nike and verizon moving positive and oil moving in the opposite direction. The ce in chicago to tell us why and lori rothman is on the floor of the new york stock exchange. Lori, it was up more than 170 points and in the morning it lost it, and then it came back. Why . Hi, david. Happy new year. We did see some latesession buying today. Thats for sure. Quick answer to your question, the vix. Volatility index falling about 6 or 7 , give or take, today. So that means investors are feeling more calm, more confident about what lies ahead. So safe to say that post election rally rolls on here into the new year. Now, we do have a bunch of story stocks to run through for you here. Lets
Of the longerrun normal Unemployment Rate had increased somewhat and that the fed might need to red the federal funds rate more quickly than currently anticipated to limit the degree of undershooting and stem a potential buildup of inflationary pressures. Ashley here with reaction now our own laurie at the New York Stock Exchange and our ever Popular University peter. Lets go to laurie on the floor today, we have been up 42 points. A blah day again. Does this have any impact. Bare in mind this was three weeks ago and things changed. Things do change although at first glance, ash, see any surprises, pretty much what we expect given the last meeting that we see three Interest Rate hikes. The Dow Jones Industrial continuing toward 20,000, if you will, in post election rally. Up 43 points. Thats what we were ahead of the release of the minutes. I checked some of the other things, oil is one and three quarters. The big picture, theme, we have not seen a whole lot of movement in a lot of the
Republicans getting a pep talk of their own from Vice President lent mike pence. Blake burman live on capitol hill to tell us how the Health Care Battle will play out. President elect trump was busy too, announcing some of his staff, including nominee to head the Securities Exchange commission. Making cars in mexico and what to expect at the Consumer Electronics show. We are less than an hour to the closing bell. Im lori rothman. Yes, youre stuck with me because liz claman is on her way to ces. Lets start the countdown. Lori breaking news. Lets start here. Stocks flirting with session highs, bringing the dreams of dow 20,000 back to life. Stocks accelerating gains following release of the fed minutes just over an hour or so ago. S p 500, well it, the broad market average hovering around the most recent record close of 20271 points. We have to be exact. That hit december 13th. It was a year to remember for the big automakers. New car sales, good news here today, on track for an alltime
Detainees within the next 24 hours, and just wait till you hear where theyre being sent. Well tell you. Lori back to the markets now. The dow climbing again today, shares of nike and American Express and ibm. Oil on the rise as well. But watch out for some pain at the pump. Phil has details from the cme in chicago. Lori rothman is back with us. Lori, exxonmobil the worstperforming stock in the dow today. How come . So it was the worst performer but pretty awesome windfall for the soon to the former ceo who of course has been past secretary by president elect trump. His nominee for secretary of state. Hes serving ties with exxon but in line to receive a 180 milliondollar retirement package. So its interesting that exxonmobil is down a buck today because the price of crude oil was actually higher 1 . I want to move on to some other stories, popular names you probably own in your portfolio. Apple. The news is that apple is securing a 1 billion investment in soft Bank Business fund. This g
You just exactly what is going on. Markets are actually mixed. Look all of what is going on, we have a big story out of washington, d. C. We know certainly that we have keeping an eye what is going on there. There is tech heaven and tech hell. A breaking story about facebook. Were talking about that, we saw Live Streaming attack. That is a very ugly thing. Were off earlier highs. Right now as i said we do have a mixed picture. So as we look at all that is going on here live from the Consumer Electronics show, we have Barry Dillers immediate genius, really at the crossroads. What he has to say about espn and twitter, all that is happening with the breaking stories there. We have got financials. We should look at those. They are weak. Oil is on the move. We have breaking news. The moment the Senate Foreign Relations Committee is getting ready for. Oh, boy, obamacare and so much more. There is a top secret closeddoor intelligence briefing going on. We have that and everything live from th