Forecast for global growth. The business ramifications of a post fidel castro world, will the president elect reverse the thawing of relations . Plus, the American Consumers back, at least according to estimates from the shopping weekend. But did retailers benefit . And at t goes over the top, another Online Service aimed at cord cutters. Were going to have those details in a moment. First up, a new trading week after the three major indices closed friday trading at record highs. Same goes for the russell which is coming off its 15th straight day of gains since february 96. Small caps up 12. 7 since the election. The russell, guys, only had two streaks longer than this one in its history. This is remarkable rally because its based on everything that this guy says. Like anything that trump said is going to come true. And i think thats because people just feel like the republican partys going to fall in line. You know, i have to tell you that the agencies control a lot of what happens to
The nasdaq is off by 18. This comes after both the s p and dow closed at their highest levels of the year after yesterdays fed meeting. That fed meeting along with the News Conference with fed chair janet yellen, were going to be talking more about her message. In the meantime, take a look at wti. It is up by just over 2 to 39. 28 a barrel. Getting closer to the 40 level. Also, if you take a look at the currencies, the dollar is down against the euro, which is all the way up at 1. 1308. The yen is trading at 111. 36. Dovish Federal Reserve keeping Interest Rates unchanged, suggesting it will be very cautious about future rate hikes. A pretty upbeat assessment of the economy. Yellen had this to say at the News Conference. You have seen a shift this time in most participants assessments of the appropriate path for policy. As i tried to indicate, i think that largely reflects a somewhat slower projected path for Global Growth, for growth in the Global Economy outside the United States and
Roughly where they are. And any motion there is going to be slow and deliberate. Lets get to bob pisani on the floor of the new york stock exchange. It is the newest leg of this rally, Dow Jones Industrial average at a high for the year and much of it is being fueled by that weak dollar set off by the fomc announcement yesterday. Want to show you that dollar index. Dollar lost 2. 2 against other currencies just in the last 24 hours or so. Thats a huge move. Big move and big help from materials and industrials and Energy Stocks. Look at caterpillar here. Caterpillar gave the worst kind of profit warning, dropping essentially dropping profits 30 in the First Quarter and the stock is up 1 today. Look at that. Moved about 3 . This is a twoday chart. Thats a sign of how powerful the weak dollar rally has been. Now, take a look at other commodity needs, throw in a couple of names, free port, alcoa, devin energy, Energy Stocks moving today. This is the second day of a notable rally. Put the s
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