Continue . Feeling good. Consumers feeling the best about the economy in more than a decade. And new years picks. Where our market monitor thinks you should put your money in 2017. All that and more for tuesday, december 27th. Good evening, everyone, im Contessa Brewer in for sue herera. Im tyler mathisen. Twas was the day after christmas. If only we could hit 20,000 it would be complete. Alas it did not happen. Many an investor was looking for a santa claus rally to come in and save the day. You get the idea, folks. Despite small gains, the dow could not claw its way above the 20,000 mark but the nasdaq did hit an alltime high. Heres how the dust settled. The dow climbed 11 points to 19,9 19,945. Nasdaq rose 24 and the s p 500 rose 5. Bob tazani, he wont rhyme but he will take a look at today in the market. We got close but not quite. The dow finished the day 50 points away from the 20,000 mark. Very light volume. Entering the final stretch trading in 2016. This is ten trading days wh
The key question is who will be in Donald Trumps cabinet . Mr. Trumps advisers are considering jamie dimon for that job. Jamie, if you would like to call and confirm or deny we would love to hear from you. Plus mr. Trumps energy plan. He said he would cut regulations and revise the coal country. We have the ceo of Conoco Phillips with us to tell us how he is preparing for the new administration. I will be interested to hear from ryan lance. Live from the dealbook conference interviewing. We look forward to those interviews. Goldman on a tremendous run as there is lots of talk about repealing doddfrank and other factors. Comments earlier have chipotle up. Chipotle is benefitting there. Lets start with the dows run into record territory. Bob pisani has been tracking the action. The dow is outperforming everything up 1. 4 . Very unusual because the dow has a lot of stocks benefitting from lower regulations and the infrastructure play. Remember the dows price weighted. Here is the biggest
Than 75thousand sales. Youre watching kcrgtv9. Now, from your 24 hour news source, this is kcrgtv9 news morning news. The heaviest of the rain has moved away, leaving us with a cloudy sky. Some more showers are a possibility today, mainly this afternoon and evening. Itll be fairly windy with highs in the 50s. Well get some clearing to happen tuesday with somewhat cooler highs in the upper 40s. Another slight shower chance arrives on wednesday, affecting mainly northern iowa. The second half of the week will around 40. By early next week, a rain snow chance moves into the midwest, but there are large questions on the details this far out. Today chance of showers, mainly in the afternoon and evening. Windy. Wind s 1530. High 55 alo 54 dbq 52 iow 56 1shot two Cedar Rapids Police officers hurt in a deadly crash on i380 are out of the hospital this morning. Police this morning. They havent released the names of the two People Killed in the Early Saturday Morning crash. The officers were sto
You have to wonder, how did we get to this level . Most thought it would be impossible three months ago. One that so many said was an impossible. The secret . A singularly odd group of stocks in the dow jones averages that have one thing in common. Theyre the least expected winners imaginable hallelujah. Lets start with caterpillar. Over 16 year to date. We know it wont be pretty. House of pain caterpillars end markets are in gas. Earth moving, coal might know. I cant think of a worse group of customers. Plus, cat has a gigantic business in china and we know how weak china is, right . Latin america is a disaster. Quite a change from the old days. In short, caterpillar has been a great earner. Far worse than we would have thought four or five years ago. And this is a big but. Caterpillar stock already reflected a lot of the negatives coming into 2016. It was hard to come up with anything in december that made feel like the stock deserved to go higher. Worse, one month ago the company ap