Panels effective february 7th, the result of a months long investigation by the bipartisan trade commission on washing machines, nonu. S. Importers will be charged 20 to 50 per unit depending on the volume of the products they are importing. Goldman sachs estimates the price tag a shopper will see will raise anywhere between 8 to 20 in the absence of these highvolume cheap products from overseas the administration on solar panels is adding a 30 levy. It declines over time and it will benefit u. S. Manufacturers. But companies that install solar panels will see their prices increase that led South Carolina congressman mark sanford to call the tariffs shortsighted and said his state would lose over 7,000 jobs in the Solar Industry as a direct result of these tariffs. This afternoon at the white house, President Trump said he expected the move would create jobs our companies will not be taken advantage of anymore and our workers are going to have lots of really great jobs with products th
Breakout in two groups of stocks this year. Just like the karate kid they are the best around. Big tech and biotech kick off the year qqq up about 9 in 2018. And ibv up about 10 this year when it comes to hunting for growth in a raging bull market what is the best bet, tech or biotech . Dan. On a day like today, when you see netflix, a name that a lot of investors keep a close eye on as they think about tech, up at new all time highs, up 10 google has gone berserk before they reported earnings one sector thats more interesting could be biotech we have been talking about two big deals that weve seen already. When i think about the ibb it made 52 week highs but its down 10 from its 2015 all time highs. Sell gene, boyio yen and gilead are still off considerably from those high they have been aquarsor are going to be acquires if we are going to continue to make new highs in the market the ibb looks to be a decent bet to get back to those prior highs. If you look at the chart the last year
Crazy we were making deem opinionic references to 666. We were playing compression shots of the dow falling. But then he went dark for two weeks while the olympics took over and something really strange happens. Honey, wake up, you wont believe the dream i just had. Maybe it all was just one crazy dream because everything is awesome again while we have been gone the market has been in the midst of making an epic comeback. Almost 10 from the lows, oils rallying, even bonds are starting to rally. So everything awesome again and are we heading back to alltime highs . Guy . Welcome back. Welcome back to everybody. Who sings that song for the folks at home . Teagan and sarah. Whatever, whatever. Its nice. Nice. Couple fridays ago the s p traded down the moving afrmg. We saw we all collectively said great trading opportunity to play for the long side. Being completely honest i never thought a week and a half, two weeks later wed be right where we are now. Its much too far too fast. Ive been
A warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Lets get to the market picture. As we said in the open, the nasdaq and s p closing at record alltime highs the nasdaq up 0. 7 the s p up 0. 2 the dow was negative, but fractionally this morning pointing to a higher open for the dow and the s p. Just slightly for the nasdaq we got to the 2. 6 level in terms of yields. Just pulled back the last couple of days from that level, but rising again today 2. 63 the yield on the tenyear holding nicely above the 2. 6 level. Dollar board for you, we lost about 0. 2 yesterday the dollar is sliding significantly today. Steven mnuchin did say on the ground in davos that a weak dollar is good for u. S. Exports. Its partly that, but really just a continuation of the trend of a weak dollar weve seen recently in europe, weve got about a third of a percent move higher for the euro we had some composite pmi numbers that came out, 58. 6 ahead of forecasts of 57. 9 the highest level in 139 month
Our top story this morning, the dow is continuing to rally, up more than 150 points as all three major indexes hit another record high earlier. For more on this, joined by chief investment strategist jim paulson. Good to have you back. Thanks for having me. We have been wondering why equities are rising in the face of rising yields some economic release disappointment clearest explanation is that even the bears are afraid of missing this train thats leaving the station. What do you say . I disagree with that in part, it is an incredible market, incredible price momentum. Maybe it is simply the resulted weve never had just breakout of optimism in all sobbiectors of economy, everything from main street to wall street looks good it is so rare in this recovery to have that feeling, it is just an unbelievable up side price momentum it is not that the markets are going up dramatically, up maybe 25 in the last year certainly good, but not like a 40 meld up run. It is more the fact it never go