Six so far this year. Closing at a fresh record. And the s p 500 did something that hasnt done in nine years. Drug and drug price crisis. As the Opioid Epidemic grows, so does the price of a life saving drug. The first part of our series on success, january 10th. Welcome. The focus on wall street today was washington. On capitol hill the sfirs confirmation hearings took place and there was also a senate examination of russias hack activities. Future of health care was a big topic of conversation as was a controversial component of the revamping of a Corporate Tax code. He we begin with jeff sessions. While most of the questioning was focused on his civil rights record, his views on mergers, antitrust and regulations could face the business environment. John harwood reports. Reporter 30 years ago, jeff session mad his first trial by fire. His second got off to a more promising start today. The alabama senator moved to limit his vulnerabilities at a Senate Judiciary hearing on his nomina
Six so far this year. Closing at a fresh record. And the s p 500 did something that hasnt done in nine years. Drug and drug price crisis. As the Opioid Epidemic grows, so does the price of a life saving drug. The first part of our series on success, january 10th. Welcome. The focus on wall street today was washington. On capitol hill the sfirs confirmation hearings took place and there was also a senate examination of russias hack activities. Future of health care was a big topic of conversation as was a controversial component of the revamping of a Corporate Tax code. He we begin with jeff sessions. While most of the questioning was focused on his civil rights record, his views on mergers, antitrust and regulations could face the business environment. John harwood reports. Reporter 30 years ago, jeff session mad his first trial by fire. His second got off to a more promising start today. The alabama senator moved to limit his vulnerabilities at a Senate Judiciary hearing on his nomina
Trading on wall street. John . Reporter President Trump News Conference was wild and wide ranging. He railed against his press coverage. Said military action might boost his popularity and insisted the rollout of his travel ban was perfect until a bad Court Decision stopped it. Overall donald trump said his white house is running like a finetuned machine pointing to behind the scenes progress on cutting taxes and replacing obamacare. So we begun preparing to repeal and replace obamacare and are deep in the midst of negotiations on a very historic tax reform to bring our jobs back, to bring our jobs back to this country big league. But the president also acknowledged the heat hes feeling from a series of controversies most notably investigations into interactions with russia that are among other things resulted in his firing his National Security adviser Michael Flynn this week. The president said he wasnt aware of any contacts between his campaign and russian intelligence but conceded
Points. The s p having the best day since march. This after treasury secretary Steven Mnuchin talked about tax reform. Heres that developing story. Melissa, treasury secretary Steven Mnuchin started to cool as part of the administrations plan for tax reform. He said that there are other ways to raise the 1 trillion in revenue that the adjustment board would have provided. He was careful to say hes not been taken off the table. The retailers got a bump off his comments. The xrt started climbing about 3 00 p. M. When mnuchins comments went live. Mnuchin has waffled on the request ein the past, always saying there is some concerns and that theyre studying it. Hes even raised the issue of how the curbs rency would adjusn this plan. At the very least, we have not yet seen the phenomenal plan that the president promised back in february. And democrats in the senate are lining up to oppose. So if there is no tax cut this year, is the hope of a tax reform enough to keep this rally going . Guy,
This is nightly Business Report with Tyler Mathisen and sue herera. Surprise rise. Stocks took off despite rising tensions overseas. But how long will the buying mood last . Unexpected rejection. Eli lillys arthritis medicine was supposed to be a blockbuster, but the fda said not so fast. Mountain of debt. Americans owe a lot of money. 1 trillion on their credit cards to be exact. And that is raising some concern. Those stories, and tomorrow, tonight on nightly Business Report for monday, april 17th. Welcome. Im sue herera. Tyler mathisen is off tonight. Given the increase in geopolitical tensions and soft Economic Data, not many thoughts the dow would rise by triple digits, but it did, and the bulls remained in control until the closing bell. The Dow Jones Industrial average gained 183 points to 20,636, snapping a threeday losing streak. The nasdaq added 51, and the s p 500 was up 20. Given all the negative factors swirling around, why were investors in a buying mood. Bob pisani expla