That china would take more measures to bolster its economy. Companies from adidas to tyson are spelling out what the impact will be on their bottom lines and the pace of homebuilding fell less than expected and it surged to a 13year high our closer today, with the debate just showers way, former chair sheila bair willbe here to discuss a wealth tax, financial transaction tax and how markets are responding why she says as a republican shes voting for warren. Thats all coming up after the bell joining us for the hour, keith bliss, welcome back, keith. Thank you very much. The question has been asked a lot of times, and yet you still look at these markets and record high territory going up every day despite the coronavirus warnings and fears and cases and you wond frer if theres a disconnect. I dont think theres a disconnect i didnt think there was going to be much to this story its a serious story and could impact the markets the longer it goes on. Now were starting to see the trend is c
and we ll have a look at what s driving the action at the stock exchange, hitting record highs as tech heavy weights like ibm and apple are up boeing remains in focus, ticking low today as new ceo dave calhoun hosts a call with the 737 max. slight gains for the s&p and the dow. the nasdaq leads the charge up about half of one percent. the nasdaq is set for a record closing high, the other two just below those levels 59 minutes left of trade joining us for the first half of the joe, josh brown. good to see you. nice to see you, wilf. nasdaq leading the charge today and chip stocks, as we mentioned during the intro, are a part of that. and i would say like here we are three weeks into january, and if you were looking for a new narrative in 2020, that doesn t look like 2019, we haven t found it yet because every one of the major trends in the market that was in force last fall and into new year are still in force. and in some cases, actually going into overdrive let s ta
Regional bank bb mpdbb t kelly will join us. Toll brothers, shares down 8 , and some provisions in the tax bill that could make it tough going for the housing sector well explain. By the way, tomorrow lululemon reports earnings that stock has been up 25 over the last six months. Big comeback there we have a debate on whether that rally can power higher into year end. But we start with the breaking news out of washington today. Plenty of it, again. Kayla tausche has details fo kayla . Reporter bill, we learned nearly 40 House Republicans signed on to a letter drafted to be sent tomorrow to republican leadership, including the Senate Majority leader Mitch Mcconnell and Speaker Paul Ryan as well as senator orrin hatch and congressman kevin brady that requests the removal of this first in first out provision its a controversial proposal that has remained in the Senate Version of the tax plan that essentially requires investors to sell older stock first. It would raise about 2. 5 billion ov
Jumping into the bitcoin game wall street legend art cashin has a bitcoin prediction for 2018 well tell you what it is in a couple minutes cant wait for that. Plus the question Everyone Wants answered, will my taxes go down because of this bill . We got a Financial Adviser who breaks down the impact of the tax reform bill coming up in a little bit. We begin in washington today, lawmakers are expected t vote in a little less than two hours on the legislation to keep the government from shutting down lets get right to Kayla Tausche for the very latest right now. Kayla . Reporter bill, theyll vote on the houses version of thereat legislation that was published overnight. It would be a shortterm extension of government funding at current levels through january 19th, as well as funding for some critical programs like Childrens Health insurance. And the fisa surveillance program. In addition, the house is going to consider an 81 billion Disaster Relief bill theyve been debating that as well
The oil markets. First, stocks kicking off the first trading day of the new year on a high note. And if the january effect plays out, todays gains could be a positive sign for 2018 bob pisani here with the story bob . Reporter yes, just a lot like 2017, some of the big names are moving today semiconductors doing well. Lot of interest in that. We see Retail Stocks doing better we see energy doing better heres something curious, the banks are not participating in the rally. I find that interesting given that the ten years been moving up utilities have have been a loser for a long time. Thats no surprise here. Look at some of the big banks. Come over here citigroup here down 0. 4 on very light volume most of the big banks, regionals in particular are down fractionally not a great month, frankly, if you want to look at january. We asked our friends to take a look at the last five or six years in january it tends to be a down month. Nasdaq and the s p and the dow industrials all to the down