Eleven princes and four ministers are arrested in a corruption crackdown. Hezbollah leader Hassan Nasrallah accuse a saudi arabia of forcing the lebanese Prime Minister to resign oust the catheter leader talismans them on and for other ministers turn themselves into Belgian Police and Donald Trumps commerce secretary is among the names revealed in a massive document that details how the worlds elite hide their wealth. Im Tatiana Sanchez in doha with all the sports news including Shalane Flanagan becomes the fast American Woman in forty years to win the new york marathon ill have more on that story later. Hello thank you for joining us theres been a major shake up in the top ranks of saudi arabias government and ruling family a new saudi Anti Corruption committee has overseen the arrest of eleven saudi princes for sitting cabinet ministers and dozens of former ministers the Bank Accounts of those arrested will be frozen any assets related to the Corruption Cases will be registered as st
Griffith this for Tyler Mathisen coming this evening from the new york stock exchange. Im sue herera. Solid gains on wall street pushed the nasdaq and s p 500 into record territory. The dow remains just shy of its alltime high. Technology stocks led the way as amazon flirted with 1,000 a share. The advance got a surprise list from a sector thats been faltering, retail. More on that in just a moment. First here are the closing numbers. The Dow Jones Industrial average was 70 points to 21,082. The nasdaq added 42. The s p 500 was up 10. Bob pisani has more on the markets climb to new highs. Reporter we have a breakout. The s p 500 and the nasdaq have been hitting new highs recently, but they broke out again today. Critics of this rally have complained a small group of big names led by google, facebook, apple, amazon, thats whats powering the rally, and while thats true today, we did see over 200 new highs on the new york stock exchange. That means the rally is broadening out. The rally i
Why . Because of comments out of the delayed speech. Mark carney seemingly talking of holding off weight kite rate and weaknesses in domestic inflation pressure. This affects the u. K. Yield, so bonds are rallying. Up about. 1, but not seeing that correlation we usually see with the british pound. That seems to have broken down and barclays, down. 25. Four former executives charged of conspiracy to commit fraud. We will be taken that further as we go on. We have had a weaker day for the pound. This is on the back of england government saying they are worried about the impact of brexit on the economy and mark carney signaled they will not be rushing to raise Interest Rates. Given the mixed signals on Business Investment and Consumer Spending, and the inflationary pressures that are subdued and anemic wage growth, now is not yet a time to begin that adjustment. Francine joining us is , and they willr give us their take, simon, it seems as though from philip view,ds points of finances rea
And investors totally shrugging it off. Especially when news came after a possible deal on taxes. Look at this, the dow will open way up about a half hour from know you and that will put it about what, 100 points, roughly 100 points away from the roughly alltime high. Janet yellen had something to do with the rally. Now look at this, too, amazon, the prime day sale ended early this morning on pace for a billion dollars worth of sales in 30 hours. The echo speaker, one of the top sellers, along with dna tests. The stock will open above 1,000 a share. All the big tech names on the way up again. And especially facebook. Keep an eye there, close to a record high. All of them on the upside. So there you have it. A political mess. And a wall street rally, oh, weve seen this before. Varney company about to begin. In retrospect, i probably would have done things different. Again, this is before the russia mania and building it up in the press. For me it was opposition research, they had someth
Eases the strain as the city looks ahead to the olympics. China has a puzzling problem, the labor market tight, unemployment low, yet wage Growth Continues to be week. Weak. We rarely talk about Wage Inflation in china. The other thing counting down to the open in china, last week, we that roller coaster ride brought together the nasdaq have a look at my chart btv 6495 on your terminal. We are looking at valuations about the same, 35 times current earnings. Is downhelp the chinext 14 while the nasdaq is up 18 . Perspective,ion right at parity. We talk about the nasdaq the nearer ring of that gap. We have a huge week when it comes to tech earnings, amazon, facebook, twitter, also big financials. That will determine the tech rallysoftware that goes from here, then looking ahead to the fed and u. S. Gdp at the end of the week, the imf report also interesting to see how they see u. S. Economic growth. On the last one, they did downgrade it. We are 30 minutes away from the open. Southeast a