Welcome to Worldwide Exchange. Im wilfred frost. Im seema mody. Happy friday. Happy to have you with us. The futures at this hour are pointing a little bit higher, up 42 points for the dow. 72 for the nasdaq. A a big jump in tech stocks. The s p 500 up some 9 points for the week as a whole, the nasdaq is 1 the s p is down 0. 6 the dow is up 0. 3 as we come into today it has been quite broad, if you look at some selling in the s p. 9 out of 11 sectors are down week to date telcos very much at the bottom of the pack, down 3. 3 a bunch of Big Tech Companies moving higher. Following earnings amazon, alphabet, microsoft and intel all firmly in the green, as you can see more on those numbers in just a moment that move in amazon, the stand out, up 7 . First big deal news hitting overnight. Cvs is in talks to buy aetna for 66 billion, making it the biggest healthcare deal ever Bertha Coombs is here with more. Whats behind this deal . This seems like the tail waging the dog, but the deal makes
Im wilfred frost. Im seema mody in for sara eisen today. It is Throwback Thursday. In honor of National Bring your kid to workday, were channeling our inner child in us and throwing back to some good songs from childhood. I assume, wilfred, this is your pick. This was my top pick. Are you a lion king fan . Absolutely. You were a little critical of my choice of song it seems. I reference those songs from my teenage years. Its great. Either way, were both still children at heart. Absolutely. For now, the adult also look at t markets. Investors are greeting trumps tax plan with a certain level of skeptici skepticism. Yesterday day after spending most of the day in positive territory, the markets slumped at the close. All fell in negative territory for the day. Futures mixed. Dow jones up six points. Nasdaq up higher fractionally. The s p 500 is flat if we look at tenyear treasury note. 2. 30 . A couple pieces of Economic Data today, including pending home sales and durable goods. On the b
It has nice pretty mountains. Very strange place. Anyway, senator greg is here with us for the rest of the show. Were going to get caught up with him in a moment. Among our top stories this morning, fed chair janet yellen returning to capitol hill this time to return to the House Financial Services committee. She told the senate panel waiting too long to raise Interest Rates would be unwise. We have eight meetings a year and it means that at some meetings we would, if things remain on course, increase our target for the federal funds rate and not act at others. And precisely when we would take an action, whether its march or may or june right. I know people are focused on that. I cant tell you exactly. They are. They are. Just so you know, they are. I cant tell you which meeting it would be. I would say every meeting was live. That was their goal to make sure they know every meeting is live. Every meeting could potentially lead to a rate hike. Lets check out the market reaction. The s
This is nightly Business Report with Tyler Mathisen and sue herera. Funded in part by all it takes is a spark. One idea to take flight. The courage to seek the unknown, to innovate, disrupt, to move us all forward. To explore a different perspective. At nasdaq we connect the world, its ideas, its capital, its businesses, the people that drive global economy. The future isnt tomorrow. Its right now. All it takes is a spark. Nasdaq. The simple message is the economy is doing well. The fed makes its move. The central bank likes Interest Rates, signaling there are more raises to come. The market likes what it heard. Shifting gears. President trump tells the Auto Industry he wants to make changes is that hands them a fuel economy victory. Tax scams. Why the bad guys want to get their hands on your w2s. Those stories and more on nightly Business Report for wednesday, march 15. Good evening, everyone. Welcome. Interest rates are on the rise. Federal reserve policy makers today increased the k
There you have it again, green arrows pretty much everywhere. The whole world is happy. Except for short sellers. And were watching crude prices this morning. Yesterday iraqs oil minister said the country should be exempt from joining opecs Production Cut embroiled in a war with islamic militants. Opec is planning to reduce production targets at the november meeting. Wti is lower by 5 cents but still at 50. 80. And scottrade is being acquired for 4 billion from ameritrade. Some competitor of scottrade said, why deal with us . We have a helicopter. No one really understood what was the because its successful. It trades more quickly to where they need to go by helicopter. It happens over the internet. So its confidence . A little bit of confidence. Interest rates are zero. Im confident, ill borrow money, too. A little confidence. People think the economy is a little better than we think. I dont think thats it. Well talk to the ceos at 7 00. For the media mega merger monday. I would argue