The east coast. Today, the Fourth Quarter is on. Markets this morning are higher by a fraction as cross the board as we begin the final stretch of 2023 on the first trading day of the Fourth Quarter. Dow industrials up 8 points, nasdaq up about 30 and s p 500 higher by 2 and a quarter. Earnings will begin to flow for the Third Quarter next week with the major banks leading the action. Stocks finished the Third Quarter under selling pressure, down about 3 on average, take a look. The nasdaq was down better than 4 on the Third Quarter, markets are still higher for the year with the dow industrials up a fraction, the s p 500 higher by 11 and two thirds percent for the year so far, and the nasdaq higher by 26 and a third percent yeartodate. The Third Quarter pressure because of Higher Oil Prices and higher Interest Rates. We see brent continuing elevated ahead of the opec meeting kicking off on wednesday, opec secretary general is joining me today at 8 45 a. M. Eastern. Right now, crude oi
We now know that. Another historic move by the administration President Trump flanked. [indiscernible] this as south korea warns the road regime to the north it could be affixing tell lots more missile tests before the end of the year which would be in direct defiance of International Diplomatic rules and pressures. From main street to wall street to capitol hill tax reform still issue number one. Senate leadership it could be a fire sale. Tax reform. It all comes to this. It appears that there is now at least five republican senators threatening to do that. At the capital. Last week during our show senator rob johnson came out and said no. We are now close to half a dozen now. It depends on how you look at this. They were all jockeying for position. They were going to be debating and voting on that. Everybody wants something. And then a few of those. John mccain. Ron johnson. Lisa murkowski. They are traditionally some of the problems that republicans had had pushing the agenda forwar
Office. President meeting meeting with y of state Rex Tillerson and after announcing plans to put north korea on the terror list. What that means and why the white house says this is critical move. David getting back to stocks climbing today. They were driven by shares of cisco, verizon and home depot. Nicole petallides on the floor of the new york stock exchange. I want to start with Janet Yellens resignation. Happened 2 00 p. M. Eastern time. No movement in the market there was a time anything that the fed said, particularly janet yellen said over the past seven years would move the market. Seems like that power is gone completely. Very interesting that you say that. I guess the expectation she would be stepping down shortly as fed chair. We know we have a new fed chair powell in line to take over that was a little bit of unexpected news but truth of the matter is, youre absolutely right, weve been higher throughout the day. The dow finishing up 72 points. Not really reacting to fed
The nikkei closed up by a half percentage point stocks were mixed in china hang seng down by 2 if you look at whats happening in europe and the early trading, things are mixed there stocks down in london with the ftse down by 0. 6 . Stocks up across the board in the other countries. The dax in germany up by 0. 9 . A gain of a half percentage point in france. Crude prices, wti around 57. 50. We are up another 55. Yeah, market was up 255 yesterday. Think if the market was down 255. Think of what we would do with 160 point observe a down day or 190 as far as the sentiment in this market right now, if the market were to go down we take it in stride when we hit new records. Yeah, the market is going up. Maybe its powell or tax reform. Thats 300 points this morning, if we went down 300, you would be every newspaper, they would have picture traders going stock shot. Stock shot. Is that what they call those . Stock shot. Stock photos. Not about stocks. No. About something that you got on file
But it did not close above that level. We saw the major averages give back by the end of the day some off the morning highs well keep a close eye on this this morning green arrows indicated once again this morning dow futures up by 57 points. S p up by 4. 5 points the nasdaq up by 8. 5 points. Look at asia, the nikkei gave back some grounds. Hang seng up by 0. 7 the shanghai was up by 0. 9 . Then if you check things out in europe, its a mixed bag ftse up by a quarter percentage point. The dax and cac are weaker stocks in italy are down stocks in spain slightly higher. Check out crude oil prices you will see that crude oil looks like it is up about 29 cents. 47 57. 45 for wti. We are watching a couple big stories this morning were learning more about that deadly amtrak crash in Washington State yesterday three people were killed, nearly 100 more injured when the train derailed the ntsb confirmed that the train was traveling at 80 Miles Per Hour in a 30mileperhour zone the crash left sev