Potential target. Officials are still struggling though to answer the key question, why . Deadly wildfires sweeping across Northern California. Of part of wine country are up in flames. Fires responsible for at least 15 deaths. More than 100 people are missing. We have a live update from napa valley. David the market closing at a record high for the 47th time this year. Nicole pettalides on floor of new york stock exchange. Nicole, what is driving the market today . Bring on the records. We had records across the board today, david and melissa. You just said it. We saw the record for the dow, finishing up 70 points. The winners boeing new high, microsoft, new high, caterpillar, new high. Optimism on the trump agenda, big picture. Bank earnings are coming out. A couple of movers for you. Say hello to walmart. Walmart helped to boost the dow. It was boosting 25 dow points. It finished up 360. A couple of pieces of news. First of all giving a positive outlook, talking about ecommerce onli
Need tax cuts. You know, i think he watches the show. Are you invested . Maybe you are thinking of getting out maybe thinking of jumping in your questions about the market will be answered on this program today. Now, the fires in Northern California not contained. The wine tourist industry shutdown it is another Natural Disaster that is unfolding here. And a personal tragedy 17 dead, 2,000 homes and businesses damaged more evacuations. It is a financial nightmare for the state and the wine business. Most of those tasting rooms theyre closed. So are many hotels and wineries have been destroyed. Some of the best known vineyards in the world have been affected ominously more strong winds are forecast for today. Were going to take you napa in just a moment. Weinstein flees to europe and nfl says stand for the anthem and President Trump barn storms for tax cuts in pennsylvania today. Yes, it is another jammed pack day. Varney company is about to begin. All right everyone lets get straight t
Yesterday it closed at a record, just shy of 23 k, we hit 1000 point milestones five times since the u. S. Election. The s p 500 trading at a record today, although backing off its highs of the session. Nasdaq slightly lower. Trading ranges remain relatively small. Unusual today, a big move in ibm and, of course. Board arnings, a while upwards. We have not seen a positive stock reaction, even when the numbers Beat Estimates and again we see today is the biggest oneday gain post earnings for ibm since a report of the Fourth Quarter of 2008 and january of 2009. This after the tech giant predicted a gain in sales for the first time in quite a wild. While. Use to slowing growth but now a 1. 5 increase yearoveryear in this quarters revenue. Elsewhere, we are looking at banks, they are the best performing groups with financials more broadly and the best performing group in the s p 500, big banks like wells fargo and citigroup and bank of america doing well as we see the 10 year yield balance
For their child who has a disability. But its not just the children who will suffer if this bill is passed, it is our parents, it is the Senior Citizen of it is the Senior Citizens of this country. What every person should know, and i think and i fear many do not know, is that medicaid now pays for over twothirds of all nursing home care. So lets think about this for a moment. What happens if there is a 1 trillion cut to medicaid . What happens to our parents and our grandparents and people with disabilities in america who have their nursing home coverage paid for by medicaid today . Now, mr. President , i may be wrong, but i dont recall there has been one hearing to hear from groups like the aarp, to hear from Senior Citizen groups, to hear from doctors, to hear from nurses, to hear from Nursing Homes, as to what the implications are of a trillion dollar cut in medicaid and what it means for the families in this country who have loved ones in Nursing Homes. Now, there may have been a
Anna a very warm welcome. Our flagship morning show. Im anna edwards. Lets talk about what has been happening in the markets of the last few hours. We are on the route towards tax reform. To a slightly more risk on attitude. This is a drop in treasuries that we saw. There is necessary but not sufficient progress in the United States on tax reform. The budget has been taxed passed by the senate. We are on the road to tax reform, but we are not there yet. This is a move in that direction, something that markets like. We have the dollar advancing. Up by 2 10. The Bloomberg Index up by 3 10. Suggesting will be higher than up by a quarter 1 . We also have the new Zealand Dollar in there. That is day two of weakness of the new Zealand Dollar. 0. 64 percent. This is based on uncertainty about where the government will go. Lets discuss the japanese election over the weekend. We will talk about it as we go through the next hour and a half. We have guests for you today as well. We will talk abou