Join the fun run. And, boy, has it. Today, the dow scored a small gain, but it was enough for the industrial averages ninth Straight Record close and tenth consece overall gain. Not much left to add to that, so lets get to the numbers. The dow rose 25 points to 22,118. Nasdaq added 32. And the s p tacked on 4. It also closed at a record. While we sit at record levels, theres always concerns that the market is too pricey, but noted investor leon pros havent he doesnt thin gotten too far ahead of themselves. I think the market is fully value on fundamental basis. E eu. Optimism for sure. Look at all the strategists that make a forecast a year out, nobody has a down market which makes you scratch your head and worry. Cooperman also said his firms biggest position is in googles parent, alphabet. Alphabet falls into that category of big name highmomentum stocks. That group has been a major driver of the overall market, but they slowed just a bit in recent weeks. Theyre not alone. Other soca
48. 62. The latest developments following the charlottesville attack that many call an act of domestic terrorism. Reporter charlottesville is in shock and mourning after a White Nationalist rally turned fatal. Car ramming into a crowd of counter protesters saturday, killing one woman, injuring 19 others the suspect james fields junior age 20 of ohio is expected to appear in court this morning a vigil was cancelled because of safety concerns. Mourners in downtown charlottesville around a makeshift memorial gathered anyway earlier in the afternoon sunday, attempt by the organizer to hold a press conference devolved into yet more violence and ended up being cancelled as well. Charlottesville has been the site of four such rallies organized by the socalled alt right since may. Symbolic location because of multi year debate ovaer removal of confederate statue. The weekend events which featured tiki torches, nazi salutes, confederate flags, even some companies, maker of tiki torches took to
Are on this planet, you you can watch this fight. Francine good morning. This is bloomberg surveillance. We are getting breaking news out of germany. The Current Assessment for ifo, 1. 2416. This is the latest figure we got. We will bring you any breaking news. We will be speaking to the president of the ifo institute. In the meantime, this is the picture i am looking at on your asset markets. We are seeing a little bit of pause. A lot of currencies, a lot of stocks are drifting a little bit before janet yellen take to the states. Conviction inuch a lot of these european stock trading. This is what we are seeing overall. The euro falling. There was a little bit more Decisive Action in commodities where most Raw Materials climbed. 48 below 40. Thats get straight to the bloomberg first word news. Convictedlee has been of bribery, perjury, and embezzlement and sentenced to five years in prison. He was found guilty of conspiring. He says he will appeal the verdict. Hurricane harvey has str
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. We are coming to you once again from the World Economic forum in davos, switzerland, an annual gathering of political leaders, ceos, bankers and business decisionmakers. Our special guests this morning, david rubinstein, he will join us in just a minute. Later, tim adams from the institute of International Finance and bill browder will join us. All of this as well as investment ideas from jpsJoshua Friedman. Yesterday we saw slight gains for the nasdaq and s p. The dow had its fourth negative session in a row. Albeit slight declines. Right now, 27 points on the dow called lower. We did see a rebound yesterday in the dollar, but also in the yields. They pushed higher having hit a low of 2. 3 during tuesdays trade. Today the yield on the ten overnote is 2. 43 . Its been 67 sessions and we have not seen a down session. The top stories today, central banks, ecb holding its first policy meeting of the year
S p 500 closing above 20,000 for the first time ever. Are the markets about to go even higher . Its interesting you said the most specific there was Nothing Specific about it. Think about that but that was the most specific thing he said. Two or three weeks is very specific. The market rallies on the lack of specificity. Can the market go higher . Yeah, i think it being. Why . The russell continues to hold above that 130 level. Transports continue to hold above that 160 level and the vices which i still think its going to single digit theres no since of urgency in anybody right now in terms of risk or the fact that we might be looking into abyss. I think the market goes higher from here. I have to say the other side of all this is what we talked about for a couple days. You see yields coming down and the dollar weakening. A lot of this policy is getting pushed out or at least theres a lot of noise and distractions and you can make an argument that actually the economy is telling you wh