Came two speeches from arguably the two most powerful central bankers in the world. And their stories were very, very different. Federal reserve chair Janet Yellens highly anticipated speech described an improving u. S. Job market albeit one that is improving slowly, and an economy that is making progress. But her european counterpart, mario draghi, described the euro area economy as one that is sick, and made clear that the u. S. And europe are on very different economic paths. But those werent the only headlines out of the symposium. Something happened there in jackson hole today that has never happened before. Protests. Steve liesman has more. Reporter under the shadow of the cloud shrouded ground tetons fed chair janet yellen and ecb president mario draghi addressed the bankers in jackson hole and their speeches spoke of growing differences in their Interest Rate policies and economies. In fact, zradraghi noted in his speech that the paths of u. S. And european monetary policies. D
Momentarily. But we begin tonight with three of the worlds Biggest Companies and what they are saying about the gloiblt economy. Caterpillar, the maker of construction and mining equipment, which reaches more than 180 countries blew past earnings estimates. But it also issued a warning. Procter and gamble the largest household product firms which touched consumers across the global said revenues fell a sign of weakening demand or something else. And 3m cut the full year outlook. Together the three companies are sending a message to the markets about the global economy. The multinationals caterpillar, 3m and procter and gamble all components are feeling theects of a stronger dollar and geopolitical uncertainties. Caterpillar beat revenue profits but said it is bumpy. And Lower Oil Prices have cut demand for cats exploration equipment. Other sore spots inclu mining hardware locomotives and in china, construction equipment. Im going to be very realistic with you. Well not repeat this quar
Alltime high. The blue chip dow index breaks above 18,000 for the first time this year and not to be outdone, small caps also finished the day at a record. Strong Economic Data out of europe gave the markets a lift early on and hopes that greece and its creditors will reach some sort of deal when they talks on monday. Dow jones rose to 18,019. Nasdaq gained 36 points to fresh 15 year high and the s p 500 was up 8. For the week the dow rose 1 . The nasdaq up more than 3 best week since last october and the s p 500 gained 2 . The Energy Sector was helped by a 3 rise in west texas crude. It is now up nearly 20 from its lows last month. Brent crude back up above 60 a barrel actually above 61 for the first time this year. Both benchmarks have now risen for three consecutive weeks. Whats behind the broad based runup and is a sign the bulls will stay in control . Dominic chu reports. Reporter it may not feel like it for many investors but we are once again at record high levels in the stock m
Alltime high. The blue chip dow index breaks above 18,000 for the first time this year and not to be outdone, small caps also finished the day at a record. Strong Economic Data out of europe gave the markets a lift early on and hopes that greece and its creditors will reach some sort of deal when they talks on monday. Dow jones rose to 18,019. Nasdaq gained 36 points to fresh 15 year high and the s p 500 was up 8. For the week the dow rose 1 . The nasdaq up more than 3 best week since last october and the s p 500 gained 2 . The Energy Sector was helped by a 3 rise in west texas crude. It is now up nearly 20 from its lows last month. Brent crude back up above 60 a barrel actually above 61 for the first time this year. Both benchmarks have now risen for three consecutive weeks. Whats behind the broad based runup and is a sign the bulls will stay in control . Dominic chu reports. Reporter it may not feel like it for many investors but we are once again at record high levels in the stock m
Alltime high. The blue chip dow index breaks above 18,000 for the first time this year and not to be outdone, small caps also finished the day at a record. Strong Economic Data out of europe gave the markets a lift early on and hopes that greece and its creditors will reach some sort of deal when they talks on monday. Dow jones rose to 18,019. Nasdaq gained 36 points to fresh 15 year high and the s p 500 was up 8. For the week the dow rose 1 . The nasdaq up more than 3 best week since last october and the s p 500 gained 2 . The Energy Sector was helped by a 3 rise in west texas crude. It is now up nearly 20 from its lows last month. Brent crude back up above 60 a barrel actually above 61 for the first time this year. Both benchmarks have now risen for three consecutive weeks. Whats behind the broad based runup and is a sign the bulls will stay in control . Dominic chu reports. Reporter it may not feel like it for many investors but we are once again at record high levels in the stock m