More democrats in attendance than republicans was what he is vowing will be included in the plan and what wont. And he will be wining and dining Chuck Schumer and nancy pelosi. All part of his strategy. Details and reaction from washington weighing in this hour, art laugher, and howard kurtz. A lot of good people. Dave dow driven higher by chevron, walt disney and verizon. Lets go to nicole pedallides on the stock exchange. Nicole a record day if your 401 k s and iras, Dow Jones Industrial average finishing higher by the 7 points, record across the board, dow, nasdaq and s p led by energy, lets look at apple, apple is the big story, stock is down 7 trading days, scooped up a lot of apple even though the doubled down today, big picture of the analysts very impressed with the latest developments in the iphone. We finally got it, a lot of anticipation, the iphone 10 is out and the 8 and the 8plaps and improvements to the tv and watch. And look at mcdonalds which has been under pressure th
The potential for continued supply cuts. We will examine all of those questions over the next two hours, but we are 30 minutes into the trading day of the u. S. Abigail small trading moves for the averag major averages. We are looking at the possibility of another record high. Take a look at the dow with a fractional gain. That puts the dow on pace for another record closing high. It is very early in the day, but this will follow two days of records. However, the s p 500 and the nasdaq is still in the red. Yesterday, they follow the diet dow higher. 4 10 of 1 . Down for a third day in a row and it seems investors are selling the news of the iphone x that was well received by analysts with the stock up more than 35 of the year. Some investors to be taking profits. We have facebook lower and nvidia lower. Take a look at Gilead Sciences down 2. 3 as the company has had to sell some debt. At the topake a look sectors, device sector for the s p 500. This is the Energy Sector up, driven by o
Morning for sara eisen i cant believe its almost the end of september how did that happen . I thought you were going to say the end of the week. The end of september. The 26th today i think of the year in quarters nonfinancial friends are like youre such a freak. Were such nerds. I like the end of a quarter brings Bank Earnings whole new slew of stats you get the end of the fall, which is hot at the moment, and christmas. So bring on q4 lets check in on the Global Market picture futures at this hour coming off the back of the day, slight declines for the dow and s p a big decline for the nasdaq it was a tech selloff yesterday when the s p the tech sector was down 2 . The nasdaq was down nearly 1 . Facebook the big decliner, down 4. 5 well come to that more later. Today, expect it to bounce back a bit, a point or two for the s p. 27 points for the dow, nasdaq higher by 7. 5. Tenyear treasury note, we have seen yields come back a bit from last weeks highs. We started pushing closer to th
Things you guys are talking about. They do share buybacks and other financial engineering. How can you guarantee that wont happen . Look, weve heard that numerous times. If thats our worst case scenario, that companies repatriate their money and use it for share buybacks and dividends, what happens . They buy back shares, they issue dividends. We get another 20 tax on Capital Gains or dividends, and then the people that get that money back do what . They reinvest it back in the economy in new investments, in new capital where its putting some very enticing rule into the system that will entice people to invest capital for the next five years. Were giving people a five year writeoff that they can instantly expense. If that happens, thats fine. We know that money will get invested in the economy and drive jobs, economic growth, wages and prosperity. Right over here. Gary, youve been asked the question twice, and you didnt answer. Id like to get you to answer this because i get your messa
You. Thank you. So, when you were with us on august 7th, you said the market is fully valued. From then until then the Dow Jones Industrial average is up 6 , the s p up 4 we overvalued now . Not yet, no i would say that, you know, basically bull markets ended over valuation and i dont think were overvalued use whatever adjective you want to describe it the market is not cheap and its not expensive. So as i think ive been saying, i think were kind of approaching normalization, and to me normalization is a 17 multiple on earnings and the trick is what is the earnings youre looking at . You know President Trump and the republicans get their way, and we have a tax package, you can see earnings next year in the s p about 150 and the 17 multiple and 150, i think its 2550 that would be fair value, full value but fair values, and, you know, most bull markets end over valuations so took another 10 to 15 to that number. The trend is favorable and the conditions that normally lead to a big market