And others get ready for a new voice in the crowd as samsung prepares a new speaker. Betty good morning. Here in the markets in the u. S. , it is really the tax reform, the last minute zynga coming up from marco rubio. That dragged down u. S. Stocks. But overall it looks like central bankers are trying what we are calling dovish tightening. They are trying to move the ball forward with Interest Rates without disrupting. Mario draghi of the ecb trying to thread that line today. Paul grappling the same old problems the world developed, in terms of inflation. 7 in 2020 point does not sound terribly optimistic, does it . Betty no. No, it doesnt. Perhaps that is why markets took all of that in stride. Lets quickly pull up where the u. S. Markets ended up today. We were lower, taxes a main focus for investors. The s p down 0. 4 . Anddow lower by 77 points, tech shares, as well. Most of the major s p groups were in the red, except Consumer Discretionary stocks. A slower day in asia for you .
Developments and the likely tax package everyone put the proverbial john hancock on this except the man who counts the most, the president of the United States. The companies are putting the money to work before its in their hot little hands, you heard a lot about that. So is connell mcshane, doing reporting on this and from the folks at wells fargo, planning big things. Reporter thats one of the Companies Making a big move. The bill hasnt been signed into law yet and have a number of Companies Looking to share the wealth. A small sample up on the screen, there have been more that announced but you talk about at t, boeing, comcast, southwest and were outside of wells fargo location here in new york. Theyve all made some sort of announcement what they hope do with the savings that they will have. Theyre not all equal, want to talk about the banks, if you looked at industry, especially the banks that have big operations domestically, wells fargo is an example of that. They pay a relative
Closing alley, you could call it im thinking about the lyrics in the song, g4 pilots on a firstname basis did you catch any of that . I did, dont ask me to explain it joining us this morning, raul sudd, ceo and founder of unicorn and ed lee, managing editor of recode welcome to both of you on this first trading day of the year, we asked you both to come with your 2018 tech predictions, from deals, ipos, and, yes, bitcoin and cryptocurrencies lets start with you you have some predictions in media. Media, tech and media thats my favorite topic, because i feel like tech has been sort of dipping their toes in the media water for years media, by the way, they see this threat coming for a long time and they are acting much more quickly and decisively, more dramatically with the tieups. You have at t and time warner, disney and fox whats coming next . Heres the thing, i think the next big step is for amazon in particular and possibly facebook and apple to take a deeper look at, you know what,
The debt bomb threat returns. Thats the push and pull for investors good for stocks trillion dollar deficits higher Interest Rates thats bad. Hence, volatility politics u susan rice she of benghazi wrote a memo to herself for the very moment of Trump Inauguration in it she insisted twice that at a secret meeting president obama had had laid down the law to the the fbi. They must investigate russian medaling by the book. He was not asking about initiating or instructing anything. He was completely removed from the fbi probe. His hands were entirely clean. Two republican senators pownsd the memo odd as they call it. Yes, we have a big show for you today stay there please. A terrific olympic story for you. Varney company is about to begin. [laughter] oh, you have to love this. The u. S. Wins another gold at the olympics and this is a really special one. Khloe kim 17 year old a near perfect run in the snowboarding half pipe she was way with out in front of everybody. By the way, she had qu
Move welcome, everybody the major average is down right now. The dow falling for the first time in four sessions, wall street socalled fear index, otherwise known as the vix, at the highest level in two months. Apple with a major drag, with fears of plunging iphone x demand the cap has dropped 45 million in a week. The action is really in the bond bond market where yields are soaring. Michelle, welcome back thank you. Michelle carusocabrera. Bob pisani is on the floor of the new york stock exchange. Bob, is it Rising Interest Rates starting to hurt stocks . Yes, for the moment and fears of Interest Rate hikes. Puff reits, on either side of and telecom and Home Building stocks, theyre all getting knocked rather noticeably there. Also interestinvestigate sensitive. Like thanks, figure, not doing too much already, but your regionals not really doing that much so the big debate is will higher rates finally be the catalyst for a pullback we have a bunch of market movers, we have the state o