Could be a huge week. Weve got that name and those details. First we kick it off with a wild start to 2017. The dow soaring before reversing. Nearly erasing all the gains. But then soaring back in triple digits at the end of the day. All this as president elect Donald Trumper sets aside the automaker. A tweet and then an announcement. Two pieces of news that certainly tie in with what donald trump has been talking about when it comes the manufacturing of vehicles in mexico and then importing them for sale in the United States. Lets start first with ford. This has been in the news a number of months. Ford announcing it is dropping its plans to build the 1. 6 billion small Car Assembly Plant in mexico. It denied that it made this move to appease donald trump. But listen. When you talk with mark, we talked with him on the halftime report. He made it clear ford had to make this decision on move forward given where the market is right now. We look at a lot of different factors. One of the f
Walter isaacson will be with us. First were going to john harper. More companies are following in line, criticism from president elect trump. Our john harwood is in washington dc with more on that. In the age of trump, companies have learned very quickly if they want to get on the good side of a new president , they should tout those efforts and make them conspicuous and public. Very substantial investments. Now the Companies Say the investments were already planned. Trump was on twitter today saying the jobs announcements are making the case that even before taking office, he is doing what he calls big stuff for the company. He is hoping to build momentum. He could not avoid picking a moe money temperatu more money. House republicans want a border adjusted dax system for the Business Community that would tax imports but not tax exports. Donald trump says it is too complicated. He has a punitive tax on companies that take jobs overseas, and well have to see what the wrestling match is
Were going to see fits and starts trying to get through 20,000 when we eventually do we will pull back and try to make another assault and see if that holds, judge. I think the same pattern that weve seen playing out until now is going to continue to play out. And that is, buying dips, any significant dip, even fridays dip. If you buy the dip you get a chance to take profits quickly. The vix is still below 12 but they have been buying a ton of vix calls. Upside calls, in february though, at about this whats going to happen on friday, guys, but about where is the vix today . 1170. 1170 well call it. Lets call it 12. In february as you say, this is trade that weve just sort of gotten our eyes on. Investor have purchased 250,000 vix call options with the strike price of 21. Yep. So theyre looking at a double on the vix. They bout another 150,000 of those on friday last week. That it dont need it to double. As the vix was coming down. Right. But you get the point were trying to make. Its b
Covering starbucks. Jess getting under way and hes got his left hand on the other red phone or right hand. Ready for that microsoft call which will start off in just about a half hours time. Out of washington, lets get to eamon javers. Reporter focused on those comments by sean spicer, Board Air Force one today talking about a border tax. Let me tell you whatson spicer said this afternoon. If you tax the 50 billion at 20 which is, by the way, a practiced that 160 other countries do by doing that we can do 10 billion a year in tax revenue and easily pay for the border wall just through that mechanism that is a 20 tax on imports. That comment got a lot of attention this afternoon just a few moments ago. Sean spicer invited a few of us in to his office to clarify those comments. He wanted to emphasize that his comments were not prescriptive. This is not saying what our plan is. Hes saying this is just one of a number of options. And, in fact, the white house chief of staff Reince Priebus
On washington. I see Companies Like mcdonalds, everybody hates it, stocks now up three. Ibm reports a quarter. Everyone says forget that. Stock then has a very big run. Dominos reports forget dominos. Its done. Moves up. We see these Tech Companies come back. Nvidia was at 117 when the year ended. Then it gets slammed down to 102 and now its all the way back. These are not necessarily stocks associated with trump. So, yes, if you have Certain Companies that you think were just you really wanted them to do well because you thought that more people would go out to dinner, shop. Inflation. You think theres too much emphasis on the president . Its easy. Such ab easy thing to do. Rather than earnings . Who wants to read the Conference Calls . Im reading the visa my wife said would you come down and help . Were making pizza bombs here. Pizza bombs . Got i love those. That was good. Pizza bombs. The bombs were dynamite, man. They were like tnt. Not until the next day, though, right . We need