The system . Michael no. He repeated that comment today as his parts of efforts to Tell Congress they need to do more in terms of lending programs, more in terms of fiscal support. Strategy oferall letting inflation run hot or is designed over the longterm to try to help by not cutting off credit to the economy when it starts to reach the lower levels , when Economic Growth starts to help the people he was talking about, which is what they did in the last expansion. Where theill take a long tipecd first 300 billion 300 Million Dollars will go. Andlked with their chairman ceo, brian moynihan, about that program. We have a billion dollars across 1 billion across those programs. One is entrepreneurship, one is educations and job creation, and another is health. You have the healthcare crisis, which affected these communities more than other communities, and that has been statistically proven. We have been doing a lot. Recently, we announced 25 million would go in nearterm health and issue
And Goldman Sachs and hotter retail sales. Were also seeing higher bond ye yield. Our roadmap is going to begin with a slew of corporate results. Goldman and bofa. Lockheed martin says it expects to grow sales this year. Retail sales coming in much stronger than expected. The tenyear is rising and stocks are on track for what looks to be a lower open, about 29 minutes from now. Changes at news corp. Or perhaps liking what it means as an investment. Starboards jeff smith will join me live this hour from the active passive conference which we cover every year. We start with bank of america and Goldman Sachs, above what most analysts had been anticipating. Bofa seems to be the out dealer performer, although we havent opened as of yet. Coming through with their share of concerns as well, whether it be with goldman in terms of the continued drag the consumer has on the business even though its such a small percentage overall or bank of americas Balance Sheet which weve talked about many tim
Im wilfred frost. The last show of the year. Last trading day of the year last friday of the year. Lets look in on what the Global Markets are doing. Dow jones called slightly lower as is the nasdaq s p slightly higher. We are heading for slight gapes for the week month to date gains for all three indices. The ninth straight month of gains for the s p and the dow. Sixth straight month of gains for the nasdaq lets look at the dow. Good quarter this quarter has been we have the dow up 11 the s p up 7 . Nasdaq up 7 fantastic quarter for the dow. The Consumer Discretionary the best sector in the s p so those good numbers were starting to hear about for the Holiday Shopping season, maybe they were priced in. Those stocks with a good quarter. Lets look at the nasdaq yeartodate, up 29 the dow up 26. 5 the s p up 20 been a fantastic year. Tenyear treasury note, yields have slipped this week up slightly this morning, 2. 42 in the course of a week yields have slipped significantly were back abov
Coming up for you in this edition of closing bell, amazon, alphabet, microsoft, intel, and starbucks reporting earnings today. Breaking down intels big quarter exclusively to the cfo, bob swan. Theres a bunch of others out there. Just went with the headlines. I hear ya. All the first five minutes of next hour. Alphabet may dominate the digital age, but Martin Sorrell said amazon is the biggest threat to his industry, and hes joining us in a moment to explain why. First, lets begin with the reaction to the president s tax proposal. Steve leisman at cnbc headquarters to look at the Economic Impact has. Eamon, you first. Bill, one of the questions here has been over the past 24 hours or so coming to the president s tax plan has been whether or not theyll make changes to 401ks and tax treatments. I asked sean spicer in the briefing, over after the briefing, i spoke to an official here who clarified they are not planning on making changes at all to 401ks in terms of the tax treatment. That
Mass incarceration in one we disproportionately punish the poor and those of color, and im concentrating on the other side where we give impunity to wealthy, powerful people who sit as c. E. O. S and chairman of the powerful corporations. Cohan charles blow, Jesse Eisinger, when we continue. Rose funding for charlie rose has been provided by the following bank of america. Life better connected. And by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Cohan good evening, charlie is away. Im william cohan, special correspondent at vanity faimplet we begin tonight with charles blow, he is a bestselling author, commentator and visual oped columnist for the new york times. His recent columns have grown increasingly critical of the trump administration. Many see him as one of the leaders of what can loosely be called the resistance. I am pleased to have charles back