The show. Oil finding some support from markets as we still get earnings coming out. Fiat chrysler withdrawing its full year 20 guidance. They plan to restart production as conditions allow. About 100djusted ebit million euros. Nonetheless, continuing to see withdrawn guidance. Really hard to make a decision as a Portfolio Manager when you dont know what the outlook is going to be. It is time now for todays market moving news from our brussels and new york teams. We want to begin in europe, where germanys top judges gave the ecb a threemonth ultimatum to fix qe. The court ruled that some aspects of its Asset Purchase Program arent backed by eu treaties. Going to brussels is maria tadeo. What does it actually mean, and have we seen any response from the eu on this . Maria it is a bombshell, really. The judges are basically saying overall, there is no monetary financing, which would be illegal, but some aspects of qe are unjustified, and not backed up by european treaties, which means th
Sense for our stock market to be down as far as it was today. Even as i have repeatedly said that china is a shadow of its health. Losing 1. 1 percent. What is up with the job market . This chinese Economic Data overnight. I am not gnoring the current corporations with china. Should china be super important to our stock market these days . I think that china is hurting. It is happening but not as drastically as some people think. We rely on them for so many cheap goods. Whats more important is whether you hate them or love them. The final investments away from china and the Biden Administration is doubling down on new technology. It will have a far greater impact on the progress in the future. With youth unemployment this morning, it was a jarring. That is what the authoritarian regimes do. I do not want to ignore the pending collapse of some chinese financial entities. I find it odd that arm market is this versatile. One quarter of their exports go to the prc. I have to question that.
Of strong earnings. Airline also slashing its expected deliveries amidst boeings quality crisis. And teslas asking its shareholders to reinstate elon musks 56 billion pay package. That was back in 2018. This after, of course, Delaware Court voided that compensation earlier this year. Lets begin with the markets, set to open higher after the dow ended six straight sessions of declines. S p, nasdaq, russell did extend their daily losing streaks to three. Yesterday, as you know, the fed chair suggested that rates could remain higher for a longer period. Heres what he had to say about battling inflation. More recent data shows solid growth and continued strength in the labor market but also a lack of further progress so far this year on returning to our 2 inflation goal. The recent data have clearly not given us greater confidence, and instead, indicate that its likely to take longer than expected to achieve that confidence. That said, we think policy is well positioned to handle the risks
Street. And today was like many others this year, not spectacular, but lovely and steady. At the end of penultimate trading day of 2017, the dow had notched its 71st record close of the year and has 25,000 in its sights. Also the blue chip average is tracking to end the year with six straight weeks of gains. That would be the first time for that since 1954. Here are todays closing numbers. The dow rose 63 points to 24,837. Nasdaq added ten. And the s p 500 tacked on just about five. 2017 will be remembered as one of the better years for u. S. Stock investors in a generation. Not as good as, say, 95 or 97. Still, 20 or more is nothing to scoff at. But next comes january. And many market pros wonder whether that will the month that some investors book profits, sending the major indexes lower. Landon dowdy takes a look. Reporter as we close out the final two trading days of the year, the dow was higher by 25 year to date. Nasdaq, 29 . The s p at nearly 20 year to date. Will that trend con
When i was laying out on that ballfield, the first thing i did was start to pray, and ill tell you it gave me and unbelievable sense of calm knowing that at that point it was in gods hands, but i prayed for very specific things, and ill tell you, pretty much every one of those prayers were answered, and it was pretty challenging prayers i was putting in gods hands, but he really did deliver for me and my family, and it gives you that renewed faith that the power of prayer is something you just cant underestimate. [ applse ] so im definitely a living example that miracles really do happen the first place i want to go to thank true angels along the way starts with the United States Capitol Police [ applause ] when i was elected majority whip, as you know, the elected leadership has a security detail, and if anybody ever wondered why were assigned security detail, i surely found out that day and let me tell you, i want to specifically mention crystal griner and david bailey. [ applause ]