Transformation which will catch every part of our society and our economy. And we will do it because it is the right thing to do. Investors want their say. Carl icahn turns hostile in its bid for hp and dell shares dropping in after hours trade as they slash its full year revenue cost and blames a chip shortage from intel. I feel like a bit of a broken record saying this every day, but we have new wall street record highs yesterday for all the three majors yet again inching higher yesterday more optimism on the trade talks as well with the u. S. President saying that they are in the final throes of reaching a potential deal and that has given a boost to asian markets as well. The stoxx 600 reached a four year high. So very good dumomentum and you can see that there is a green board right behind me. All the majors are trading positive ftse 100 the outperformer up about 30 points. Good performance in the Mining Sector so that is the uk. Xetra dax up about a ten it th t as well. Pointing
Cracking down on criminal illegal immigrants. The president just meeting with victims and urging congress to pass two new bills, including kates law and one defunding sanctuary cities. Among our guests this hour, Cleveland Clinic, toby cosgrove. Senator pat toomey. Former sec chairman, harvey pitt. Ambassador john bolton and jordan sekulow. Melissa the dow soaring up more than 140 points, almost 143 driven higher by shares of goldman sachs, caterpillar and apple. Lets go to nicole petallides. She is on the floor of the new york stock exchange. What a day. Talk to me about it. It really is. The market bouncing back after yesterday which was the biggest selloff in a month. We really saw financials take off leading the market for a second day. Those areas such as bank of america, jpmorgan, really got a jump. We saw treasury yields moving higher, highest in the month. Idea fed raised rates, yields are higher, profitability to the banks. 10year bond 2. 22s as i look at the board there. Tech
He delivered his budget speech in Parliament Today as the u. K. Prepares to leave the european union. He raise the forecast for growth from 1. 4 to 2 . The budget deficit will be less than expected, too. Can only workforce grow over the next two decades if new immigrants arrive to replace retiring baby boomers. Thats according to a new report from the pew research center, which projects that the u. S. Working age population will go to 183 million in 2035. 6 this is bloomberg. Scarlet live from new york come on scarlet fu. And im joe weisenthal. The s pe s p five 500 down. Treasury selloff, 10 year notes falling for an eighth straight day. The fed is almost certain to pull it folder trigger on a rate hike next week. Oil prices tumbling to near twomonth lows. Nasa talks says probably wont begin until later this year. He says the administration is in preliminary discussions with congress. Alix now lets look at joe now lets look at where the number stand. Abigail we are looking at mixed tr
Much, waiting for the jobs number tomorrow. 6. 4 on theing for unemployment rate. And its time for the big three stocks to watch in the lets talk about a couple up and a couple down. Yum brands up today, upgraded will stopbert w eric analysts are optimistic about a rebound in china. Theyve faced a lot of challenges there, particularly with it kfc business. Costco not doing well today. Issing analyst estimates what it did like everybody during the Holiday Season was offer a lot of discounts, but it wasnt enough to drive traffic. The traffic there was, number was depressed because the stock was offered for less. So those shares are down 2 . But not as bad as staples. The company seeing more sales declines and forecasting sales will fall additionally in the next fiscal quarter and theyre closing about 12 of their stores and has a plan to save 500 million over the next several years. So you think there will be sanctions for russian for russia coming out of the European Union time for a lit
Of 666. It is in a book of record here along with other bits and bobs. Meanwhile, for bitcoin, bankruptcy hacking and an apparent suicide. Were tallying up the many headlines and problems to figure out what it means for the future of this Virtual Currency and others like it. Also, an cunlikely championf boosting the minimum wage. Its conservative multimillionaire ron unz. He wants to raise it all the way to 12 an hour. Whats really interesting are his reasons why. Ron will join us exclusively. You do not want to pass judgment on his idea until you hear him make his case. Coming up here on the closing bell today. Now, heres where we stand in the market for the final hour of trade. The dow is up 77 points. Again, 16,437. Take a look at the nasdaq, which is just fractionally lower. Literally shedding about two points. The s p 500 adding about five, a quarter of a percent. We have some variation today for sure. Lets talk about todays action in our closing bell exchange. We bring in our pa