Lunch. Im melissa lee. Stocks are holding steady. The nasdaq hittinging yet another record interday high today. Tech and industrials the best performing sectors Consumer Staples and financials. They are the laggard. Down 2 on a big miss, mastercard is up two and mosaic down 7 after missing the top and bottom line. Brian . All right, melissa, thank you very much. And i am brian sullivan. We are coming to you live from day two of the milken global conference in Beverly Hills, california, speaking with the worlds top thinkers on the market and economy. Politics, which is encapsulating everything today, eric cantor being former House Majority leader, chris aailman and dr. O. Welcome, everybody. As michelle mentioned twitter popping this hour thanks to comments from billionaire investor mark cuban. Its up about 4 right now, and we will get to those comments in a moment. First the air is coming out of the auto bubble, it seems. Gm, ford, fiat, chrysler all taking big hits today. Lets go insi
Ceo will join us with a first on cnbc interview. It was really good. Breaking news from the white house. President trump about to discuss the Senate Health care bill. Kayla tausche has a detail and maybe some breaking news as well kayla . Reporter bill, we are expecting the president to make remarks from the blue room here at the white house in just about 15 minutes time but it comes as the white house and its cabinet agencies are trying to coalesce and put together a unified policy and a unified front in exactly what its stance is when it comes to health care. Of course, this as the senate is expected to vote this week on a procedural motion to proceed on the houses Health Care Bill its that sort of slate from which they can build, they can amend, they can potentially edit that as they see fit, but it is that motion to proceed that is going to come up this week im told by senior gop aides theres no date set for that just yet, but in terms of white house policy, a Senior Administration
Obamacare. Hear from the ceo of Molina Health care, one of the companies that could be at risk. The white house appears to take the lead on the push for tax reform now, but will a border adjustment tax be in the bill . Hear from the house ways and Means Committee chair, kevin brady, a key proponent of the tax. Thats a first on cnbc interview a little bit later in the program here. But we again with a trump administrations reported exploration of two controversial new taxes, eamon has the latest from the white house. Yeah, hi, kelly. This was a story broken by the Washington Post hours ago earlier this afternoonment i talked to the white house official. They are not disputing the Washington Post reporting here. Heres what we know from their reporting under consideration in the tax plan that is being worked on here at the white house. Two ideas. One is a value added tax. The other one is a carbon tax, value added tax is a tax in which you apply the taxation throughout the building proces
Nightly Business Report for thursday, september 26th. Good evening, everyone. Big things sometimes come in small packages. That was the talk on wall street today. Stocks finally broke their fiveday losing streak, but it wasnt the Big Companies that lifted the markets. It was small cap stocks. They have quietly and steadily risen in value, and today the russell 2000 index of Smaller Companies closed at a fresh alltime high. So far, the russell index has surged 27 . Thats a lot more, 10 more, than the gains on the dow average this year. Also giving a boost to the markets today, good news about jobs. Initial jobless claims dipped to a nearly sixyear low. Looking at the closing numbers, the dow added 55 points, the nasdaq rose 26. And the s p 500 index up almost five points. Do they still have room to run . Here to answer that question and more is jay kaplan, Portfolio Manager and principal at the reus funds. Mr. Kaplan, welcome. Why are the Small Companies outpacing the big blue chips by
Nightly Business Report for thursday, september 26th. Good evening, everyone. Big things sometimes come in small packages. That was the talk on wall street today. Stocks finally broke their fiveday losing streak, but it wasnt the Big Companies that lifted the markets. It was small cap stocks. They have quietly and steadily risen in value, and today the russell 2000 index of Smaller Companies closed at a fresh alltime high. So far, the russell index has surged 27 . Thats a lot more, 10 more, than the gains on the dow average this year. Also giving a boost to the markets today, good news about jobs. Initial jobless claims dipped to a nearly sixyear low. Looking at the closing numbers, the dow added 55 points, the nasdaq rose 26. And the s p 500 index up almost five points. Do they still have room to run . Here to answer that question and more is jay kaplan, Portfolio Manager and principal at the reus funds. Mr. Kaplan, welcome. Why are the Small Companies outpacing the big blue chips by