Halftime is over. Power lunch and the second half of the trading day start right now. Whoa nelly, as Keith Jackson used to say and probably still does. The bulls have been running big time until just a few minutes ago. The dow did hit a new alltime high today. Why . A lot has to do with good economic numbers, but, and this is the big but, the very same good economic numbers could hasten a federal move so the big question as far as ben bernanke and his merry men and women is are concerned is this. Now what . We are looking at the scenarios and the impact on your money, and an aboutface, maybe about time. Facebook back to near that ipo level. Is it a buy or has it hit a high . First let go check in on the floor of a very busy new york stock exchange. Good to see you, ty. Markets have been the big story of the day. Even though we have modest advances right now, that was good enough to push the Dow Jones Industrial average to a new high. Since the 2009 bottom the dow is up 138 . Take a loo
Streamers down. Surprise contraction in gdp. The economy shrinking for the first time in three and a half years. Lori also, betting big on library. Research in motion changing its name and unveiling the highly anticipated blackberry 10 device. Coming up in minutes. The ceo Thorsten Heins. Melissa and it turns out japans two Largest Airlines have had problems with the dreamliner battery long before the issue. Time for stocks as we do every 15 minutes, lets head to the floor of the New York Stock Exchange. Nicole petallides. Those gdp numbers keeping the dow away from 14,000. Nicole they certainly did throughout the morning. It brings concern when there is no good gdp numbers. There has been less on defense and concerns, lets take a look now, much like we have seen recently where the dow goes over that one change line over and over again. Today seems to be no different as we are back in positive territory. We havent taken out our highs we saw yesterday, five year highs for the s p 500, d
Whose campaign was the subject of an active fbi Counter Intelligence investigation, so there really is no historical prescription in terms of what you ought to do, in terms of what might count as normal behavior in that circumstance. But still, for the last couple of days, even this white house, with its very unusual situation and its unusual relationship to political norms in general, for the last couple day, even this white house in its unusual accepted the basic principle that a president shouldnt fire the person leading an investigation into his campaign because the president doesnt like that investigation. For the past couple days the white house at least halfheartedly try to explain the firing of fbi director james comey as something other than what it looks like. They produced a memo from the Deputy Attorney general saying the firing was about the fbi directors handling of the Hillary Clinton email investigation last year. They produced the Vice President of the United States to
With many details. There is a lot i want to go over with you. Lets talk about the big news when it comes to immigration on daca, the court deciding not to take up any of the cases that were before it. What does this mean . I feel like we are on a lightning round here with action, inaction and baby steps in between by the Supreme Court. It was inaction on the case involving nearly 700,000 people who came here as young immigrants without documentation who were protected from deportation and allowed work permits under the policy of President Trump that President Trump is trying to phase out. What the administration obviously wants to end that program and it is all caught up with the negotiations right now on the hill, too. What the Supreme Court has done is nothing yet and is effectively allowing the obama era policy to stay in effect for now. So that is really important for nearly 700,000 people who want to be protected under the obama era policy for young immigrants without documentatio
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