Play allegations. Lets go to the president , at white house a few moments ago, departing to camp david. Im going with the senators. Were going to camp david. We have a lot of things to work on, a lot of things to accomplish. The stock market is up very, very big today. We set new records much i think they continue to set. The tax cuts are really kicking in far beyond what anyone thought. Numerous companies today come out and announced they will make big payments to their employees, something that nobody really had in mind. So were very honored by it. But the market is good. Jobs reports will get good over next couple months. Were going to camp david with a lot of great republican senators and were making America Great again. Thankthank you, thank you very. Should steve bannon be fired . Cheryl President Trump moments ago boarding marine one. He will meet with key leadership, paul ryan, Mitch Mcconnell. Particularly what the agenda will be for the republicans in midterms of 2018. I want
People the last hour of trading will be absolutely mind boggling. Charles there is one more segment i didnt show you write said the dow would close at 24,800. I had a chance to bring in the best and brightest. Some of my oldest friends are here. Oliver, you got a raise since i saw you last. Vince rinehart a former Federal Reserve employee. Chris, i think you were pretty optimistic the last week. I saw some of your tweets and i know how you operate. But people were scared. I think we saw a massive reset of expectations. After sthaght strong january employment report. Good number of jobs. Wages looking to be stronger. People are starting to dial into the fact that the fed may have to raise rates four times this year. That with the uptake in bond yield and treasury yield, a big reset to expectations. I think we see that priced into the market. Charles i dont understand the fed hiking rates. When did a 3 yield become so attractive. This is not the time we are at these levels. From an inves
Forecast by Goldman Sachs today cutting its forecast on the price and that added some of the momentum there, and by the way, were still getting a lot of photographs from you folks around the country of what youre paying for gasoline. I saw the lowest price today coming in once again from oklahoma city. Theyre paying 1. 55 right now. Not too shabby. And so the debate about whether this should ultimately be a good thing for the u. S. Committee continues. Yes, it does. Jo and meanwhile, if you are a regular watcher of cnbc theres a good chance this man wants to hilt you with a massive tax hike. Top democrat Chris Van Hollen joins us to explain his plan for wall street and high earners to fund a jind middle class tax cut. Theres always took he may run for governor of maryland following martin omalley. We have two ceos of mega Drug Companies joining us. The heads of biogen and merck checking in from the Jpmorgan Health care conference. Would you have been seeing megs wonderful interviews al
Today for the annual running of the bulls. Joe, any interest in doing this . No. Never . Never. Thousands cram into the streets to watch. Some participating and while bulls are seeing red, joe referred to this earlier, the Nobel Prize Winning Economist Joseph Stiglitz has a market message for the bulls there. He is uncomfortable with stock market levels and stiglitz argues that the high levels doesnt signal a high level in the u. S. A very strong stock market price is a symptom of the weak economy, not a symptom that we are about to have a strong recovery to our real economy. I dont think he is headed to pamplona any time soon. The fact that my multinationals are getting a large chunk of profits from emerging markets. Wait a second, you would run with the bulls . I clearly have an ambition to do that. You cant do that. Its a touch of bait interesting thing to do. You are looking at me like im crazy. Joe said it was a counter what was your i didnt know you needed a nobel prize to say th
Back threequarters of 1 . The s p 500 hit alltime highs earlier this week on the fed news. Were pulling back from that today. Stocks gaining ground for the third week of gains, despite the down days we saw. Bob pisani, a bad couple days. Not a bad week overall. Give us the color on the floor here. Very, very busy on the floor given the activities. Closing at the lows of the day. Its hard to sort out the bullard comments, maybe a tapering, and the rebalancing. You see a lot of people running around. A number of events are occurring. S p 500 is having quarterly reweighting. The Dow Jones Industrial average is changing. Three stocks going in. Those are Google Goldman sachs, visa as well as nike. Three coming out, hewlettpacka hewlettpackard, alcoa. They are trading on behalf of clients that are indexed to either the s p 500 or to the Dow Jones Industrial average. Some of these stocks are having increte creasing weightings in the s p, some decreased weightings. Lets put up apple. Apple is