Adobe. And were off to the races without any real worry about last minute status of darn tax bill which is looking more and more likely that it will become law next thing you know, the dow rockets 143 points nasdaq,. 9 . Nasdaq pole vaults up 1. 17 . It is easy, isnt it look, we dont even know what is going to happen in washington. But as i told you last night, were in the torpedos full speed ahead moment i am telling you, its underrated by everybody. Corporate earnings witness the pin action from costco and adobe so while the specter of washington haunts the market bad, they cant stop the averages from going higher will it continue since earnings are really in charge here despite you think it may be the tax cut, i went over the last day cut it, raise it it doesnt matter. What matters is earnings lets go right to next weeks game plan. The big competition in stocks is bonds. Let me put this scene setter here obviously on monday we want to see what happens to that tax bill we also get so
At 4,994, close to 5,000 obviously. At 1,249 is where you find the russell. Bob pisani is at the New York Stock Exchange. Janet yellen is giving her prepared speech in cleveland. Have we seen any kind of reaction in the stock or bond markets . It didnt have to be because the whole world gapped up at the open. I would say modest reaction but no big surprises in her commentary. Important thing is what happened overnight. Were 51 almost advancing to declining stocks. Its been that way almost the whole morning. Tech materials, consumer staples, financials, all the riskon group here everything is up 1 because the whole world went up 1 . The s p 500, we gapped up 20 points at the open. Thats really rare folks. Thats 1 right at the open. That was on greece. We surged overnight when the details on the greece talks came out and they were offering concessions, at least from the greek side. It even happened more strongly in germany. We had a 2 gap up in germany. You can see the Straight Line ther
Lansdale pennsylvania where i used to live 5 41 and ridley park at 5 45 and again this is the approximate time of the heavy rain arriving, some of these spots are already seeing some of the lighter rain and on the other side of that you will see some drying. However, even where this rain is not swiar you have low lying clouds and some drizzle in some spots. And lets go ahead and look at those clouds. Plenty of that today. Does look like were looking at mostly cloudy skies and once we get rid of this rain over the next hour or two, well wind up with some lingering drizzle and eve shower still possible. Visibility a bit of an issue in spots. Weve got in low lying cloud cover. Looks like the fog isnt too bad in most places but low enough to give you that drizzle on the windshield even if youre not in those active showers. Its also a cool start this morning. 62 degrees as you head odelphian allentown, 63 in millville. 66 a little better in wilmington and still the upper 50s in trenton and
In the zero days series is to take pieces of itand elain theundamentals and the platonic ia is that everybody from my mom and dad t congress, um, and peop around the country can undstand and so maybe start the process of coming up with ways for us to defend cyberspace better. Hos wel if look at cyberace the United States rinow, how wouldou debe surityverall . Much as we would deribe, maybe, crime or breakins in a neighborhood . Guest well in the spirit of the explanatory mission we have, you cant really talk about cyberspace in the United States. A computer user in washington, d. C. Or in wichita or San Francisco is effectively working shoulder to shoulder with a computer user in beijing or in moscow. Theres literally no seconds of difference in space and time in cyberspace. So i thought id point that out. As for the security, the reality is that, um, its almost remarkable how vulnerabl comp sysms are. And cyberspace, um, is not what most people think it is. Most people now equate cybe
Watch bonds. Wholesale prices top on higher gasoline. Road map begins with the Market Making record highs. Fed chair yellen on the hill for public testimony. Plus, how will consolidation play out in the industry under a Trump Administration . Mnuchin is confirmed as the treasury secretary. National security adviser Michael Flynn resigns. Stocks are looking for more history. One day after the indexes hit highs, also, back up to a 7 billion valuation. In an hour, fed chair yellen will deliver her testimony on the economy. She goes before the Senate Banking community. Well bring you live coverage beginning at 10 00 a. M. Eastern time. In january, she said it would be unwise to wait too long before you excaccelerate the hike cycl. Is that what you expect to hear today . Look, i think she is to definitely wait to see how much of the tripod this repatriation, the lower Corporate Taxes, deregulation comes into play, but i am a believer, and have said since the beginning, a march rate hike has