Block the republicans obamacare repeal. This charging form africanamerican teens with a hate crime over the torture of a mentally challenges man in chicago. David exxon and American Express where among the biggest drags on the markets. Watching the action from the cme. Lori, why did the nasdaq go to new highs today . Lets look into that. Let me show you have the names thad that pushed the nasdaq to this record. The first day of this brandnew year, we you have a declined in the indexes. The pharmaceuticals up 9. 5 . This is the biggest percentage jump in two years. Amazon always a winner, especially with the terrible news on the department stores. Such bad news. Big declines there. House the benefactor . Amazon. Yahoo is up 3 . Verizon is investigating whether the data hack will make a difference in whether they will go through with the 5 billion deal. Toyota has the Auto Companies object target. Its opening plants in mexico. Trump is saying build that plant in america. A world professi
Abandoning our heroes. The latest scandal rocking the department of veterans affairs. Later this hour we have taya kyle. Widow of Navy Seal Chris kyle. She will sound off on this. David she is real good. Back to the markets, the dow holding on to gains after the Federal Reserve announcing plans to increase, rates, quote, relatively slow, whatever that means. Phil flynn, price tures contributod watching action from of oil and gold from the floor of the cme and Ashley Webster from the floor of the new york stock exchange. Ashley, more headlines, all talk, lets face it. All talk, very little action, david. We were supposed to have four rate hikes, david, remember that . It could rain but there again it may not rain. That is basically they said. Traders frustration same old waffle. There is still believe the december rate hike could very well be on. It is almost priced in. Weve seen the dollar get stronger. Seen treasury yields go up. Still no belief that the december rate hike is still co
Lori rothman has Market Movers from the floor in the nyse. First to the cme and trader Scott Shellady. Many analysts blaming the drop in oil prices for the market loss, scott. Weve seen other days with 3 oil drop that didnt lead to 250 point drop in the dow. So what else, what else is going on besides oil . Well, i think the underlying problem here is the fact that weve got equity prices overstretched because of free money. I have said before, you know, we dont have Interest Rate problem here in the u. S. But the fed has an Interest Rate problem, right this they have pushed us out the risk curve looking for yield. That is the big problem. No, we dont have a problem with our Interest Rates as a country but the fed has to find a way town wind this thats why this little hiccup here sent things tumbling down. Bearish news in oil sent us lower didnt help things. But it is still the fed with Interest Rate problem, not the economy. David almost an impossible problem. Scott, you will join us a
Gunpoint . Kim kardashian west arriving back in the United States after a terrifying ordeal. David well hear the Melissa Francis theory about what happened there. Melissa no, no, no. David well get back to the markets. The dow pulling back after capping the best quarter of year on friday. Phil flynn, fox business contributor. Ashley webster on floor of the new york stock exchange. Ashley, first to you. David, as you say market slightly lower after big gains from friday. Wanted to pick out stocks with nice gains this environment. Tesla, oh, yes, elon musks tesla, reporting record Sales Numbers in the last quarter. They say that that company now on schedule to reach its second half goal of 50,000 deliveries by the end of the year. That stock up 4. 74 today. Much better than other autos that were reporting today. Ford, gm, chrysler all reporting sales flat to slightly lower. Look at netflix, also up 4 . Rumors are still floating around out there maybe disney would be interested in buying
David fox businesss peter barnes at cpac annual conference for conservatives with the very latest. Peter, hows with that received there . Were getting mixed reaction from it, david. Some say that, if romney had felt this strongly about it and wanted to lead the establishment charge against donald trump how come he didnt start earlier . Others say he is not elder statesman of party so it probably wont have much impact. However, romney did speak here in 2012 and in 2013. Has been a participant of the cpac conference. He also sought Donald Trumps endorsement in 2012. Back then was singing a different tune about donald trump. Listen. Donald trump has shown an extraordinary ability to understand how our economy works, to create jobs for the American People. He understands that our economy is facing a threats from abroad. He is one of the few people who stood up side, you know what . China has been cheating. Reporter and of course donald trump attacking romney for seeking his endorsement fou