Manus europe rallied. You are welcome. It is surveillance and i am manus cranny. Rallied. Ment, europe where up on the stoxx 600. It was text and telecoms that to the heavy lifting, nothing compared to your performance in asia. Record highs in asia. You are looking at levels that you havent seen since the 1990s in japan. Technology up 50 in asia. Europe, you are seeing this growth story. It is absolutely intact. The next question are you, European Equity markets, can you sustain the growth gains that we have had the euro at around 120 . Could the euro valuation unseat the story we see here . Week,llar index, what a what a year. This is the first yearly loss since 2012 for the dollar. You are seeing another push low. You get a 3 growth rate, you get a tax reform deal, you get three hikes from the Federal Reserve and still the dollar is lower. 2 lower from here at end of 2018. The most bearish view is the dollar will be down by another 5. 5 , not everybody is so pessimistic. On the upsid
If the blue chips hit the milestone 26,000 at the open and coming to download added 1000 points in seven trading sessions. The shortest time for a gain of backsides ever. The rally could be held their earnings from several bigname Companies Including united, health care. Kerning in revenue came out a few moments ago but revenue and earnings topping expectations. The company said the most recent quarter earnings per share were boosted by 1. 21 by deferred tax benefits. The Company Revised their 2018 outlook to affect effects of tax law changes. This is why markets keep going up. Waiting for numbers from citigroup due out later this morning. The main thing to watch in the earnings whether more companies will be giving bonuses out to employees. Several big Auto Industry ceos including Fiat Chryslers Sergio Marchione spoke with fox business about what the legislation means for their companies. We removed all the cobwebs and concern about when they do it. Im glad weve done it. The tax packa
Link and aaron brown with us as well and mike wilson here, Investment Analyst and chief executive officer. The russell 2000 is bucking the trend all the way on the righthand side. Mike, good to see you. Welcome back. Thanks. What do you make of the russell and what it says about where we are in this some rally . Other than torturing people its been a wild ride this year with the russell fortunately a couple weeks ago we doubled down on our smallcap call making the claim that we thought the tax had been priced out of the market which is really probably the most important thing thats driven the russell. I think you really have to go back to november and instead of looking at the yeartodate performance, you have to look at the russell prior to the election and if you look at it that way its performed in line with the s p 500 so we look at the last four months as a consolidation of the initial gains after the election which was tax hopeful and now we think were seeing signs and in fact we
Flights to europe. Homeland Security Officials set to meet but Airline Officials to go over details today. A Massive Wildfire raging this morning. The pictures of the place in georgia that only 12 contained. It is still growing. With the very latest. Snap shares freefall after the first Earnings Report is a Public Company. The company lost money. A closer look as investors are eyeing the ipo priced at 17 a share of the stock down 22 right now. Average every six days and then a call for an overhaul after Public Workers say that is for sixfigure payout. The Cannes Film Festival after just one year. Registered year. Register the giant will not be able to compete for the festivals top prize coming out. Others come at this morning. Fox Business Network Dagen Mcdowell. Former Goldman Sachs partner, Peter Kiernan and pollster lee carter. Great to see you. Good morning. Good morning. So great to be with you. Trade to the fallout begins with james comey. I think this is about as screwed up in e
This case. I know the facts of h case like the back of my hand, you told me and theres nothing wrong thats been done. Why did you settle . Well, it was very simple. My lawyers told me winning would be very high. The golden partner, hedge fund manager, im wealthy, enough factoids and impress juries and that the cost of the trial would be 15 to 20 million and go for an a couple of years. We would likely see appeals, but let me make it clear. I vented into whats called a no admit, no deny settlement, which prohibits me from commenting on the governments allegations, where theres strength in my defenses. B i believe it speaks for itself and ill leave it at that. Do you worry some will see this settlement and think youre guilty . That you did something wrong because you settled . Theres always that b possibility. But i think you know, you get due process was extraordinarily abusive. This is one of the reasons im sitting here. Id like to prove things for others who are afflict nd the future