And the major averages today, we continue to see some small the kleins and small movement, overall as we are on track for the 55th straight session for the s p 500 without a move of at least 1 . The dow not quite making a 13th street winning session winning streak. It is very little changed, either way. All three major averages down just a bit as investors await more details of President Trumps tax plans and economic policy. We do have some earnings news that came out that is depressing several individual stocks pretty sharply, targets down 13 a half percent. 13. 5 . Out,ompany numbers coming missing estimates by a wide margin and the Company Announcing a change of strategy that is really caught investors off guard and says it is going to go more in the walmart direction and offer lower prices than it has in the past. Investors trying to get around that change in strategy. Submitted torrigo some urging to sell royalty rights on its multiple sclerosis drug. At the same time, the company
Doc, you are on the island and you are saying that they wont go at all. Well, no, i said that once this year, and i think it is december, and we will see whether or not they go, judge, because it is closer, and closer to the coin toss as to what janet yellen says tomorrow, and that is going to influence the markets. Today a trade in the vix, and the reason i bring it up is that a lot of people were voting that the vix goes down lower and one of the reasons is that if ms. Yellin is dovish tomorrow, and they bought a ton of the i think the 13 and the 14 puts with the vix right around the 15 level. Let me stop you. The risk is that she is more hawkish tomorrow. Well, i disagree. For some. Well, i disagree, they dont move and tell the market that they are not datadependent, and not serious about normalizing and lose the credibility of going than not going which is what happened last september frankly, so is they have gone out of their way with the latest barrage of 900 speeches to tell peo
Past. With obviously the oil market. Everybody knows goes through ups and downs and peaks and valleys and so in the last few years we have the resources. We build the resources. We build the buffers to help us in sustaining our policies and not disrupting them. So im comfortable well be able to continue that. Hes comfortable but a lot of other people arent. Oil prices are now down about 60 since mid june but that doesnt tell the story of the last week. Over the hastlast week oil prices pick up about 20 . Youre talking about wild swings. A lot of people that rely on oil say they have a tougher time with the massive swings in oil prices. Well be talking more about crude oil in a few minutes. First we have other stories to watch this morning. Heres whats happening. A flood of economic data. Weekly jobless claims. International trade and productive and costs. All of those reports due at 8 30 eastern time and michael kors sirius xm and this afternoon go pro linkedin twitter, yelp pandora, a
stop it from launching the rocket. the situation in north korea and the situation in iran, we both have an interest in making sure that international norms surrounding nonproliferation and preventing destabilizing nuclear weapons is very important. in response to obama s request, hu is agreed to have expressed concern over the launch. he likely explained that chinese foreign minister has summoned the north korean ambassador in beijing to ask the nation to scrap the plan. also on the sidelines of the two-day nuclear security summit, south korean president lee myung-bak has held bilateral talks with the u.s., china and russia focusing on north korea s planned rocket launch. seoul is trying to make the best use of the summit to increase pressure on the north. nhk world s anna jung has more from seoul. reporter: chinese president hu jintao and south korean president lee myung-bak met this morning. south korea s government said hu reported that china has tried to persuade
it all happens over a remarkable 24 hour period. in this long unending economic nightmare perhaps the most crucial 24 hours we ve seen to date. so set your clock as each side makes its case. sometime tomorrow night we should know who has grabbed the upper hand from this dicey deck of economic cards. welcome i m neil cavuto. for those who want to be president and the guy who is president these next 2 hours could decide next 24 hours could decide who makes history and who is history. republican presidential candidates gathering at the home of their political patron saint this president can help but feel the same pressure tomorrow night. gathering in the home of his greatest spending triumph. now his most taunting critics. the pressure on each party is palpable. the political stakes remarkable. you could imagine our being everywhere. with ed henry at the white house and what some are calling the president s make or break move. carl cameron at the reagan library. sheryl casone