Scooped all the bears. Thats where our road map begins this morning. The inflation picture, of course, is what were talking about. Weve got wholesale prices increasing less than expected, as jim just said. Two banks also lowering their rate cut expectations. Thats off of yesterdays cpi news. Were keeping an eye on big tech as well. Nvidia shares, theyre bouncing ahead of the open. Jpmorgan, lowering its apple price target, and you just heard from amazons andy jassy, saying so many Different Things, including the fact that hes committed to costcutting while investing in a. I. Plenty of other stocks to track this morning. Nike, airbnb, chevron, occidental. Well go through all the upgrades and downgrades. Lets get to the Broader Market here. First, lets get a reaction to ppi after yesterdays selloff on the cpi. There was a lot to like. I think theres a lot of confusion about these numbers. I find that whats happened is that yesterday, there were a lot of mistakes in the data. What do you
Prominent republican. Of eightball garrity with other information. Unfortunate and unhelpful. But now in just the last moment i republican who is in the room has just said and made a statement about this. And he is confirming that happened. The president just guaranteed a Government Shutdown a week from today. Blake burman live at the white house. A political is with us to do this one out. House minority leader said those companies that have been giving their employees and bonuses bonuses and crediting the tax reform plan are just crumbs. Calling them pathetic. With the only interview with the ceo of the company is giving 68 million to his employees james fish is here in a foxbusiness exclusive. To tell us about his rank and file and what they and shareholders are saying. Who is that guy. He is a singer and actor who just signed a multimillion dollar deal to get a new new line of electronic gear. Into your hands. He is putting himself on the path to business success. From las vegas com
After getting his annual physical. He will head to joint base andrews and his resort at west palm beach. New reaction from democrats inside of the country and abroad responding to the vulgar comments that the president reportedly said at meeting with lawmakers on immigration. President trump denying the report. At least one senator in the room speaking out. Well tell you what he had to say. Meanwhile the president is slamming a bipartisan deal on daca calling it a big step backward. Nor what happens now. We have an answer whether the u. S. Will continue to support the Iran Nuclear Deal. Among our guests this hour arizona congressman andy biggs, republican strategist Gianno Caldwell, the hill editorinchief, bob cusack, forbes media chairman steve forbes. That is a lot of people. David we have interesting information about steve forbes. You dont want to miss that record market stocks ending the day and week on extraordinary high note. Go straight to Lauren Simonetti on floor of the new y
200point gain in 2018. That compared to only six during all of last year. Today, financial stocks rose after some of the countrys biggest case reported their quarterly results. Here are the closing numbers. The dow jones industriaag advanced 228 points to 25,803. The nasdaq added 49. The s p 500 was up 18. And it was a strong week for all three. So how does this start to a year compare to others . What might happen next . Mike santoli set out to find some answers. Reporter stocks have accelerated into 2018 with a burst of fresh energy, making for the markets hottest start in 15 years. The s p 500 index has already gained 4 in 2018. The best return over a similar span since 2003 when it was up 5. 8 . 2003 turned out great for investors with a 12month rise up 26 . That year, stocks were just emerging from a nasty twoyear downturn that followed the tech bubble. Not exactly a similar setup for this year, which begins nine years into a bull market. Before 2003, the best year was 1987, known
The market rally lets get to dom chu to give us a broader picture of what were seeing here. The whoopwhoops are happening all over the place, not just on the floor but across wall street and investing america because we are, again, at record highs for the overall stock market the best start to a year for the s p 500 since 2003 back then, it gained around 6 were at that 4. 5 , maybe close to 5 at this point. Check this out the s p 500 over the past week is up 1. 5 industrials, consumer discretionary, energy, financials, cyclical, economically sensitive the ones who do good in a rising economy. Those sectors are outperforming. Meanwhile, Interest Ratesensitive sectors like real estate, telecom, utilities, Consumer Staples are the market underperformers. As for the best performing stocks in the s p 500 and the worst ones, check this out because we have at least Seagate Technologies showing its going to be the best er performing stock so far on the Dow Jones Industrial average side, no sur