On cnbc. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Happy pancake day. Happy pancake day. Fat tuesday. I didnt know it was pancake day. Fat tuesday, that is an unflattering name. Getting rid of all the food. And you eat pancakes. We eat pancakes. They actually made a pancake at the end of street signs. I like them with chocolate chips. You guys just eat food . All food . Our slender floor manager said every tuesday is fat tuesday for me. Either way, we just eat. I want pancakes. We have to check in on the Global Markets. We did notch a 12th record close for the dow. Wilfred is not impressed unless we get a 500 point rally, but either way this is the longest string of gains i am impressed. I am impressed. You said, eh, less than a percent. 0. 04 we gained yesterday. Doesnt take much. I need to offset it is incredible. It is. The dow is up almost 5 for the month. The nasdaq and s p up 4 . That clearly is highlighting that this rally picked up again after decemb
In germany, things are relatively flat there. Lets look at crude oil. Looks like right now wti is down by 8 cents to 53. 96. Couple big stories were watching. A crucial cabinet vote last night in the senate. Wilbur ross was confirmed as commerce secretary after a vote of 2727. Ross is key to the administrations plan to overall trade deals like nafta. The white house will hold a swearing in ceremony for ross today. On the economic agenda. Second estimate on Fourth Quarter gdp at 8 30 a. M. Growth forecast to be revised up from 1. 9 to 2. 1 . 9 00 a. M. , the monthly caseshiller home price index and chicago pmi at 9 45. Consumer confidence numbers at 10 00 a. M. San francisco fed president John Williams and st. Louis fed president James Bullard will speak today. Rob kaplan will be speaking with us at 7 30 a. M. Eastern time. Apple will hold its annual Shareholder Meeting at its cupertino offices. Investors will be asked to vote on nine proposals, including one to rope in a third party on
Registering 5. 8 . 2 1 2 year high. The road map begins with President Trump going to congress in his First Official address to the nation. Asking for billions in military spending along with cuts in other programs. Target tumbles after an earnings miss. The retailer sinking more than 13 in the premarket in what would be its biggest decline since it went public in 1972. Could it be lucky number 13 for the dow . The record run for markets continues. The president will address a joint session of congress tonight. The theme will be the renewal of the american spirit, focusing on Public Safety as well as Economic Issues like job training, health care and tax reform. The president expected to call for an increase in military spending by 54 billion. Large cuts in other programs. Heres what he told fox and friends about where that spending money will come from. I think the money is going to come from a revved up economy. I mean, you look at the numbers were doing, we were probably gdp of a li
Laser focus on washington today as President Trump gears up for his first address to a joint session to congress tonight. What you can expect from the big speech straight ahead. Im melissa lee. The battle for your trades. Fidelity cutting fees. Take a snapshot of that, schwab, etrade, tdameritrade firmly in the red this hour. What every investor wants to see, exclusive of the ceo of target. Courtney reagan is live with Brian Cornell in new york city. Courtney . Hi there, brian. Thank you very much. Thats right, target just wrapped up its 2017 financial meeting. Im here with ceo Brian Cornell thank you so much for joining us. Your stock price is down 13 . Worst day in 18 years. Do you have a confidence problem with wall street . Courtney, were really confident about the direction were setting. Today was about taking our shareholders through the new direction of the company. The investments were going to make, both from an operating margin standpoint but importantly from a capital standp
Obamas proposals. I think in seven, eight years, it got one vote. The bottom line is i increase the the, i appreciate continue crease in military spending but youre undercutting the war. Then there is Division Within the Republican Party about how to replace the repeal and replace after a draft leaked out. And there were some responses not everyone agreed with. Of course, the back drop is the president attempting to set the table many front of the joint session of gong what his administration will do. About what the next four years will look like. Heres what we can expect. A very large focus on the economy. What has already been done and what is still to come under what the president has called his America First policy. And then expect immigration to figure prominently on the portion of the speech about national security. It is still unclear whether his talk on immigration will be about a more hard line stance like his administration has previously taken and whether we would see a new