Counsel so maybe it will be uted. It gives the left amp opportunity to block the trump agenda. Thats a problem for investors. Later this morning, the treasury secretary will be on capitol hill. He will be trying to shift the conversation back to tax reform and growth. We will see how the markets react to that. But as of now lets say that investors are skeptical. Varney company are about to begin. I will repeat the sad news this morning. Roger ailes, one of the pioneers behind the Fox News Channel and Fox Business Network channel has died. His wife elizabeth ails that appears on the drudge report, immaterii am profoundly sad to report that my husband roger ailes passed away to me. He was a loving husband to myself, his son zachary and loyal friend to many. A patriot profoundly grateful to live in a country that gave him so much opportunity to rise and give back. During a career that stretched over more than five decades, his work in entertainment, in politics, and in news affected the l
The worlds most recognizable index up te c of the Federal Reserve said the central bank plans to increase Interest Rates, but perhaps not as often. Janet yellen used the word gradual to describe the pace, a word which shes used before, but today, the lack f the tough talk was enough to send stoc the Dow Jones Industrial average advanced 123 points to 21,532. More on why investors liked what they heard. Three hours of testimony and down to onee markets were dubbish comment from janet yellen about Interest Rates. Because the rate is quite low by historical standards, the federal funds rate would not have to rise the that much further to get to a neutral policy stance. That comment had been echoed by the fed governor suggesting more than one key central banker embrace iing the idea that the rates. Raisi and the fed chair added that the next rate hike is contingent on the inflation data heading back dwa towards the feds 2 target. Policy is not on a preset course. Were watching this closely
After years of bleeding red ink. At one point the companys founder and Ceo Jeff Bezos was the richest man in the world and then he wasnt. Thats because the stocks fell. Amazon earned 40 cents a share. Good but wall street wanted 1. 42. The big number jump 25 to 38 billion in the quarter. Shares initially fell following the results. Deidre bosa has the maybe takin away for investors. Reporter its profit engine is slowing as the Company Continues to spend big. Aws has become the most profitable business segment for the entire company but over the last now nine quarters growth has been decelerating as microsofts rival business azure has boomed. Amazon continues to invest in new markets like india and new businesses and products. That may not matter to investors. Amazon and jeff bezos are known for making bold investments even at the expense of profits. Looking forward, investors will want to know when and how those Big Investments will want to pay off especially how the whole Foods Acquis
The breakthrough could help eradicate inherited diseases, but critics fear it could lead to the creation of so called designer babies. And now it is time to join Sally Bundock for World Business report. Charged up sales surge at tesla, but can it stay number one in electric cars as rivals plug into the business . Plus Hard Labourfor nissan as workers in mississippi vote on the right to form a union after a ill year battle. Welcome to World Business report. Im Sally Bundock. It is good to have you with us. Also coming up, the dow closes above 22,000 For The First Time. Well get the latest from the asian markets. But first we start in california with electric car maker, tesla. Investors have been taking a huge gamble on the company, betting its the future of the car industry, and pushing its share price ever higher. Late last night, we got its latest set of results, and they havent disappointed. Lets show you why. In the three months to the end ofjune it made revenues of 2. 8 billion. Th
1 . The german dax is up about two tents of a percent and the cac 40 up. It is 90 minutes into these training sessions in the u. S. Now. Abigail doolittle has the latest. Abigail we are still looking at advertise. The dow at 5500 and nasdaq all trading higher. The s p 500 and nasdaq are on pace for record closing highs. The nasdaq is sitting at an alltime high for today. It is not onar but for a record closing high. We are watching whether or not the dow can carve out 20,000. If that happens it will tie for the fastest climbing history. We have some strength in the retail sector. Up. S p 500 retail index chelsea Advisory Group says holiday sales are on track or even perhaps poised to beat estimates. We also have amazon trading higher. It is on for its best day and two weeks and amazingly, amazon shipped one billion items over the holiday season. That is amazing. Another amazing factor on ecommerce and amazon. Amazon, between november 1 and december 16 accounted for 16 of ecommerce sale