Left in dc. It doesnt matter tax cuts will take care of it. So far there is no sign of responsibility inside the beltway. They remain side lewdly above 25,000. Wall street legend with exclusive look into his beginning of the year crystal ball. If got to see what he says. It may have been set off. Look at the residue. So fresh. It will be a dangerous and deadly situation for the weekend. Boston watch out. We will take you live there. The bit coin rival that will bring 30000 but ripples x rp. Is dropping as we speak. Less than an hour to the closing bell. Lets start the countdown breaking news this may enrage some of you. On the case that blew up the immigration debate in the country jose who was acquitted for felony gun possession. He will face parole but it looks like he does not had to spend much more if any time in prison. We will get you more on this as details become available. We can queue up the confetti and fireworks. They are looking at the best start to the year they are both
Back again, but well confirm or deny it later here yeah. The dows gains up 138now, and still across the board, half a percent higher, russell up more than 1 . Bob has more on Market Reaction, and kayla is in washington with the highlights from the med fins, fin minutes. They acknowledged stronger growth than previously forecasted, but said its policy of gradual rate hikes would sustain the growth saying that strategy remained, quote, appropriate. One reason for the stronger Growth Outlook was the enactment of tax reform. Minutes note uncertainty among several members about whether the Corporate Tax cut results in business and capacity expansion, but noting that its the early days of companies deciding how to allocate those savings. As for inflation, the fed is shooting for the 2 target in the medium term and said a lower dollar spurs inflation, but participants noted signs of a broad based pickup in wage growth keep in mind, the meeting took place in the end of january before the most
Plus. Im in kuala lumpur where an ancient river is getting a new leash on life. Fears of a slow down in the worlds second biggest economy china are continuing to spook markets across the globe and shares plunged across asia and europe and currency is also falling. Chinas shanghai complex went down 8 wiping out the entire gains for the year and its the biggest oneday fall in years and beijing deployed the billion dollar fund to pump up the market with 400 billion of assets to buy stocks failed to stop the decline, from malaysia to brazil oil and commonty exporting nations have seen their currencies hit multiyear lows and as chinas economy slows its not importing the Raw Materials to power its factories and sent the bloomberg Commodity Index to its lowest level since 1998 and neglect in crude sent Oil Prices Tumbling to 44. 55 a barrel, the lowest since march of 2009 and more from adrian brown in beijing. Reporter the share shell off began within minutes of the Shanghai Stock Exchange op
Dollars at a onemonth high. Road map begins with trumps tax plan and the president and gop moving on from health care set to unveil their framework. The dow looking to stop a foursession skid. Shares of nike are down this after earnings in the wake of the equifax hack Richard Cordray will join us live. The gop slated to release the framework of its tax reform proposal multiple sources saying it is expected to include a cut in the corporate rate from 25 to 20 higher than the 15 favored by the president. The pass through businesses lower to 25. Rates of 12, 25 and 35 the plan would also eliminate the deduction for state and local taxes and nearly double the standard deduction Child Tax Credit would be substantially increased, although in these early days, politico saying, jim, that top individual rate is still the focus of some delate abate and a surcharge for the wealthy. We have to wait and see. Those of us in highstate can calculate what a 35 to 39 drop and it is a bast to 42, 43 if y
Happy cinco de mayo. Im sara eisen. Im wilfred frost. It is new music friday. This is the latest from justin bieber, lil wayne. It is jobs friday. U. S. Equity futures right now are pointing to a mixed open. The dow futures are down about 16 points. S p futures are up 1. Nasdaq futures are up 4. Oil is the big story. That tumble yesterday to the lowest level since november caught everyone and moved the market. Wti is back above 45 a barrel. 45. 70. Getting a bit of a boost this morning. Well see if that holds. Theres been a pattern lately where the early morning, this time of morning bounce disappears by midday. Brent crude, 48. 72. Nat gas, 3. 21. Well watch this and the spillover effect on other commodities like gold, copper and iron ore. The real takeaway, despite this fall in various commodities, earnings good enough to keep markets in positive territory. We have the nasdaq up a half percent, the dow and s p also in positive territory, coming off the back of a fantastic week last w