2,000, an obvious milestone even if we dip back toward that level at the close, im going to focus not only one everyone is worried about, but on what got us to tease lofty heights. Namely, profits. Corporate profits growing at accelerating speeds, or else. On a day when the dow gained 76 points, s p claimed. 48 , still a record high, and the nasdaq jumped. 41 , i think we need a respite from the nonstop chatter about how the fed is behind the curve or how the fed is the chief reason why stocks arent going up. This is what the market would sound like if it werent for the fed. The truth is, the endless search for earnings and Revenue Growth is whats driving prices higher. Thats now a neverending pursuit that keeps powering the entire stock market to levels not even dreamed about a few short years ago. Seems to me that ever since the big bottom in the s p in 2010, at 1,150, in retro speck, the u. S. Debt downgrade, weve been besieged by lecturers who dont believe in the market strength an
Gave brave riin this difficult time when i. S. I. S. Is slaughtering everyone. Woodruff from small beginnings to one of the largest literary events in the u. S. , the organizers of the Miami Book Fair say the oldfashioned, holdinyourhand text is still alive and well. Most people who are leaders read in a lot of different formats, and the preferred format seems to be the physical book. If you think about it, the physical book is a Perfect Little machine without a plug. Woodruff and its friday david brooks and ruth marcus are here to analyze the weeks news. Those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Lincoln financial committed to helping you take charge of your life and become youre own chief life officer. And with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by c
Ignatius and kareem sagipor. My sense is were not going to reach a comprehensive resolution but neither a comprehensive failure. I call it managed irresolution. I think both capitals, both washington and tehran recognize no one wants to go back to status quo escalation. President obama certainly doesnt want to go to war against iran. So well kick the can down the road, but come march is when theyre talking about extending the deadline until. I still dont see by march us being in a position whereby were able to really comprehensively resolve this issue. Charlie and we conclude with Lawrence Wright, book called thirteen days in september, carter, begin and sadat at camp david. Carter had a navy idea. He liked both these men initially. He loves sadat. He and begin didnt get along, after all. But he had the idea you could bring these two honorable men, put them in this mountaintop in maryland away from the press and they would get to know each other, like each other and find their own way
Friday, november 21s good evening, everyone. And welcome. Soucie has the night off. The major averages just wrapped up their fifth week in a row of gains and there were more record closing highs for the dow and the s p 500 today thanks to major move the ls moves by two. The peoples bank of china cut benchmark Interest Rates for the first time in two years looking to combat slowing economic growth. Then European Central Bank President mario draghi promised to use whatever means necessary, even buying up sovereign bonds, to boost that regions struggling economy. And with that, investors plowed into stocks in asia, in europe, and right here in the u. S. That sent major averages surging right out of the open before they lost a little bit of steam later in the session. Nevertheless, at the close, the dow was up 91 points, record high, closing above 17,800 for the first time. The nasdaq up 11 and the s p tallied a tenpoint gain. For the week with the dow it was up 1 . The nasdaq up half a pe
Nightly Business Report for friday, november 21s good evening, everyone. And welcome. Soucie has the night off. The major averages just wrapped up their fifth week in a row of gains and there were more record closing highs for the dow and the s p 500 today thanks to major move the ls moves by two. The peoples bank of china cut benchmark Interest Rates for the first time in two years looking to combat slowing economic growth. Then European Central Bank President mario draghi promised to use whatever means necessary, even buying up sovereign bonds, to boost that regions struggling economy. And with that, investors plowed into stocks in asia, in europe, and right here in the u. S. That sent major averages surging right out of the open before they lost a little bit of steam later in the session. Nevertheless, at the close, the dow was up 91 points, record high, closing above 17,800 for the first time. The nasdaq up 11 and the s p tallied a tenpoint gain. For the week with the dow it was up