Obviously. Waiting for yankees, the first pitch is in two hours. Welcome to the closing bell everybody, we have exactly two hours to get through this whole show before that im kelly evans, im a big rally day here all right, all you folks in houston too by the way the dow on track for its first close above 23,000 now ibm, interestingly is helping drive this nice rally today after those stronger than expected earnings that came out that you guys have last night. We will get more on that move coming up in a little bit here its kind of astonishing to see ibm up 10 today clearly after the dell, more dow components American Express is going to report along with ebay, well tell you what to expect as well. And so the breaking news today, microsoft and amazon are now embroiled in a new patent lawsuit. And i guarantee the plaintiff ll surprise you when you hear who it is. Thats coming up but lets get straight to the one stock giving the dow its biggest boost today that would be shares of ibm jum
Najarian many big names reporting as you can see on the board stock records set every day last week off to a pretty big day. 3m, gm, boeing, coke, bristol meyers, american airlines, alphabet, amazon, intel, a full swath of names that can really tell the next direction of this move. An incredibly important week, and, unfortunately, i have bad news for the bears out there, and that bad news is that buybacks so far in the first half of 2017 are down 16 relative to the buybacks in the first half of 2016 now, authorizations are up nearly 20 , so even if youre getting a pullback in selective sectors or the overall market. Those buybacks are coming in november before the end of the year, and its going to buffer any pullback. Josh, which names on this list are the ones that are going to matter the most thats sort of how we set up the conversation today i still think the texts are going to be the most meaningful for the overall averages just in terms of their sheer size and how important they b
Witness. If you didnt believe a witness yesterday. Chances are you wont tomorrow. Dont get too excited they now have a star witness. Editorial board calling on bob mueller to resign over conflicts of interest. This is a big week. Republicans set to unveil their highly anticipated planned to overhaul our countrys tax cut happening on wednesday. One of the big challenges, pushback over at eliminating deductions. More on how republicans are now appeasing those highstakes congressmen. President trump expected to announce his pick to lead the Federal Reserve this week before he departs for asia we are breaking down who has the inside track coming out. Marcus this morning taking up the weekly is. Dow industrials down 30 points. S p 500. European indices with the Economic Data this morning. Ft 100. Nine. Caci three points come in dax that 13. I had of the president s fiery strip saturday, shanghai composite down, squeaking out again, hang seng lower the cost be higher. Very much a mixed story
Down three basis points. We have not hit below 2 since april of 2015. Thats the dollar index strength. Brent is a little weaker by. 3 . 64 crude. Im looking at brent and going what happened . Headlines from outside the business world. Heres taylor riggs. President trump is calling the north korea to make a deal on its missile and Nuclear Weapons program. The president met with south koreas president. He said the u. S. Is ready to use its full range of military capabilities if needed but he said it makes sense for north korea to come to the bargaining table. U. S. On capitol hill House Committee has voted to limit the socalled carried interest tax break often used by private equity and hedge Fund Managers. The new limit would triple the amount of time assets would have to be held to qualify for the Capital Gains rate of 24 . The houses spending four days this week making changes to the republican tax bill. In saudi arabia the anticorruption crackdown is expanding. Banks are being asked
The day before climbing back, still the worst for the dow and s p in two weeks lets get to ylan mui in d. C. For a breakdown on the details that moved the market today, hi, ylan reporter hi, melissa the big news in the senate plan was that it delays the Corporate Tax rate cut by one year it wont take effect until 2019. And then it will go down to 20 . The house also passed its version of a tax bill out of committee. There were some significant changes to the way that it addresses the Corporate Tax code as well. The house version of the bill would raise the repatriation rate from 5 and 12 to 7 for noncash assets and 14 for cash assets it also would implement a new lower rate for Small Businesses that have income less than 75,000. On the individual side, there are also some significant differences between the two plans as well. The Senate Version of the tax bill would include seven tax brackets for individuals the top rate would be cut to 38. 5 . The senate bill also totally repeals the