We got a new stimulus plan and a rate cut from the ecb ahead of the feds meeting next week. Joining us in the next hour, were 130 points on the dow. The high of the session was up 170. Continuing a good week sector wise below that certainly different than the start of the week we had a big value rotation on monday and tuesday. A little bit yesterday giving it up a little bit today. Thats, i think, because he got that ecb news on the Monetary Policy which basically was in line but very accommodating for a long time. Welcome back the fbi reportedly opening an rates rallied because the u. S. Data investigation into myth real a the core cpi is the highest in capital. This session cofounded by peter thiel, thats pretty important. And i think that also the alleging financial misconduct. In a statement to cnbc. Initial claim story remains very strong as well i mean i think you have a the company sayings in a foiled rotation today but i think next plot by a selfserving week if we get less exem
The yield curve inverts again, the fifth time in the last week but stocks are shrugging it off. Weaker than expected manufacturing data and this season of retail volatility continues sharp moves in the stocks with more earnings movers coming in the next hour. Watching signals of the Federal Reserve. Philadelphia fed president harker throwing some cold water on any imminent rate cuts. In december i was not supportive of the increase i was supportive of the decrease somewhat reluctantly this time around to get us back to where policy should be were roughly where neutral is i think we are roughly where neutral is right now and i think we should stay here for a while and see how things play out. Well get another view from the Federal Reserve in the next few minutes here on closing bell. Coming up, an interview with dallas fed president Robert Kaplan with steve live from jackson hole joining us for the entire final hour, is mark leeman mark, it does feel like theres a little more optimism o
President ial rival Carly Fiorina take a ride in the golden elevator. Joe mansion leaving just moments ago after spending more than an hour upstairs. The chatter is he could be energy secretary. We need to look at an entire sector that is freezing up at this hour after donald trump threw cold water and ice and snow at it. He said its way over budget. The entire sector is tanking right now. Wall street veterans on the ongoing attack on specific businesses and who could next feel the wrath of his twitter humor. Charlie is going to break a big story. And jeff flock is freezing to death. We are less than an hour to the closing bell. We are live and life and we are bringing all of the action tick by tick in this final hour. Lets start the countdown. Breaking news it is now official we have this president elect donald trump has Just Announced that gary cohn the former president of Goldman Sachs he will be the director of the neck is sternal economic council. This is a very powerful position.
Linking russian involvement in the election. Well speak with a former operative who questioned the cias sources on this. David . David very interesting. Back to the markets. The dow closing at a brand new record high. Call it paul krugman high, how about that . 15th since the election. Were about 200 points away from dow 20k. Johnson johnson, pfizer, walmart among todays biggest boehners. Oil driving ahead as well. Phil flynn watching action in oil and gold from the cme. We have lori rothman at the nyse. Phil first. What is driving oil up, phil . Boy, what is it, history, that opecnonopec accord. A lot of people said they couldnt get it done. They did it over weekend. Prices are up higher when they actually closed. They were up 2 1 2 . On the market sunday night it was up 5 . It pulled back quite a bit. One of the reasons it pulled back a lot of hedge funds pot long on rumor the deal was going to get done and took profits ahead of the fed announcement that will come out tomorrow. They
Immediate construction of a border wall. [applause]. It is is so badly needed. You know how badly it is needed. This will also help mexico by deterring illegal immigration from Central America and by disrupting Violent Cartel networks. As i said repeatedly the country we are going to get the bad ones out the criminals and of the drug deals and gangs and gang members and cartel leaders the day is over where they can stay in our country and wreak havoc. Were going to get them out and were going to get them out fast and john kelly is going to leave lead that wave. [applause]. Our order also does the following. Ends the policy of catch and release at the border. It requires other countries to take back their criminals. They will take them back. Cracks down on sanctuary cities empowers ice officers to target and remove those who pose a threat to Public Safety. Calls for the hiring of another 5,000 Border Patrol officers. Calls for the tripling in the number of ice officers. [applause]. And