Cryptocurrency coin. First we start off with what could be the best christmas ever all three major indices hitting a record high. Closing at a record for the 70th time this year the most ever in a single calendar since 1995. The nasdaq joining the party crossing that key 7,000 level for the first time ever. All this stemming from tax cut euphoria, which if you look at the moves clearly wasnt priced into the market. With tax cuts ahead, are stocks still cheep, just how high can a market go . Cheap is a tough term in this low interesting rates theyre probably on the margins cheep. You have seasonality working for the market december is typically a month where things just ratchet higher weve said for quite some time that something is going to happen before christmas. The president has said he wants to give the american citizens a big fat Christmas Present in the form of tax cuts, youre going to get it. What can you still buy b. K. Talk about Goldman Sachs breaking bottom that alltime high
So what is it . At the moment, yourFinancial Data is held by your bank. But, under new rules, ownership of this data will be transferred to the consumer. This will allow you to share it with other companies, to see if they can give you a better deal on anything from overdrafts to mortgages and loans to insurance. Open banking has already been welcomed by some consumer groups as a way to bring more competition into the market. Others, though, are uneasy about what might happen to all this previously private Financial Data. They worry about security, and dealing with unknown third parties. It could also pose a major threat to traditional banking. One report claims almost a third of european banks profits, some 35 billion a year, are at risk from new rivals in the Financial Technology or fintech sector. We spoke recently to the boss of one startup which uses Artificial Intelligence to help people manage their money. You can act via facebook messenger, and you just text like you a text a f
The inside track on the big stories of the week with our Business Editor, simon jack looking at the price of oil, brexit and the impact of President Trumps cancelling his uk visit. And as facebook announces its going to make posts from businesses and brands less prominent, today we want to know if you think these changes mean that the social media site is returning to its roots . Let us know. Just use bbcbizlive. Hello and welcome to business live. We start here in the uk where tomorrow will see the start of a revolution in the way we manage our money. Its known as open banking and it will soon be rolled out across europe, giving more power to customers and potentially weakening the power of the banks. So what is it . At the moment your Financial Data is held by your bank. But under new rules, ownership of this data will be transferred to the consumer. This will allow you to share it with other companies to see if they can give you a better deal on anything from overdrafts to mortgages
Reporter we are standing right now, just behind the strip club right up here, on the side of a nearby business. You can see where a bullet struck that wall, and then over there if you take a look, that parking lot is directly behind pts centerfold show club. A spokesperson told us police are working with local businesses around here to get the reins video that may help them catch the killer. In a parking lot full of beer cans, behind this denver strip club, Police Responded to a shooting near hampton and galena just after sunday. Somebody shut behind the building. Reporter they found a man dead on the sidewalk and covered his body with a tent. Grief stricken family members showed up to see where their loved one was gunned down. Officers searching for evidence placed markers where pieces of clothing still lie on the pavement. Patrons cars became part of a crime scene. Is this your vehicle . Yes. Reporter others in the area its really unfortunate. Its really sad. Reporter she arrived at
Drivers. Need Financial Planning . Algorithms are replacing human advisors and brokers. Apps like venmo let people click money to each other, similar to texting. Many of the Innovative Services in Financial Technology that have come along in the past ten years are not coming from banks. Pelley the fort oversaw the trafficking of more than 400,000 the amount of money invested in slaves was more than the amount of money invested in railroads, banks, and businesses combined. This was the economic engine of europe and the United States. . . . Pelley lonnie bunch came to this capital of the slave trade because he was determined to launch americas new national a very interesting thing. Im steve kroft. Im leslie stahl. Im anderson cooper. Im bill whitaker. Im scott pelley. Those stories tonight on 60 minutes. Tomorrow is not a given. But entresto is a medicine that helps make more morrows possible. . I love ya, tomorrow . In the largest Heart Failure study ever. Entresto helped more people st