Bearish strategist has finally capitulated. It is nvidias week. Four analysts upping their targets ahead of results on wednesday. And apple reportedly edly slash iphone prices to count huawei. A historic week for stocks, jim. We got to 40k, we hosted 11 on the vix, but just barely, but we did. People are stalki talking ab stock market. For the long time, they talked about my tomatoes. And then say, wow, what is that about . People who have not been in. People who are thinking, is it too late . I try to present a constructive view. But its gotten in peoples minds, carl, and also numbers from gallop last week who said 62 of the people are back. Someone in their house owns stocks. Thats up from 52. Which was interesting. 52 was the low, which is just when the dow got back to where it was before 2007. So, you had 2007, people got back to even and they left. And now genz, gen x back. Millennials back. Boomers i think just blown out and dont rely. And its quite encouraging, because if we can
Before we get started i want to take a moment to speak about the evil terror attack that occurred last night in the united kingdom, our deepest condolences go out to the victims, families and their loved ones. Know youre in our prayers. Today, were continuing our work on pro growth tax reform that will improve the lives of all americans. This mornings hearing is focused on strengthen americas competitiveness and preventing jobs from moving overseas. For years americans watched our our manufacturing plants, and longstanding u. S. Companies have moved overseas, devastating communities and the families that depend upon them. Hundreds of thousands of good paying american jobs have left, and continued to leave to china, mexico, ireland, and other foreign countries. Some of our communities have never recovered. Because when these plants and Companies Move overseas, local businesses housing value and local tax revenue disappear with them. Ive watched as 17 key Texas Companies have relocated t
In his battle with the marriott for the start of hotels. Says, they are on for a bit of a wild ride. Please dont forget to use that trending business. We had to hong kong of course. First trading of the week getting underway in about 30 minutes from now. Shanghai also coming on. Singapore, taiwan, malaysia. Just starting off their session. With have a lid of a long week malaise. A little bit of a mixed picture. The talk about the beta drop out of japan is morning, really particularly when it comes to that retail sales number. Also came in worse than expected there. We saw a bit of a dip in the yen. Also the downside today. That is also an additional dragged on japanese stocks at the moment. Elsewhere, were seeing hefty losses coming out of city. Sydney. Major financials along with energy names slipping. In terms of the markets that have just opened, malaysia and little bit down. Singapore, up slightly. On, with japan out of the way, chinas stock was fairly disappointed yesterday. We lo
Who had allegedly victimized. The shooter, had a lengthy record, been arrested four times. Nonshooter, three times. Reporter police say they are grateful officer mccollough, wounded only five blocks from where officer Jesse Hartnett was ambushed and shot in the arm in january was not more seriously hurt. Acts like last night, you know, like the one that officer hartnett was involved in, speak volumes of what the men and women not only of this department but across the country do each and every day. Reporter now the commissioner is saying officer mccollough is expected to be released from the hospital tomorrow. Coming up at 6 00 his alleged attacker according to these court record that we have obtained was just released from prison five days before the shooting, last tuesday after a judge dismissed all gun charges against him, and he walked free. More on exactly how that happened, coming up at 6 00. Live from police headquarters, im walt hunter for cbs3 Eyewitness News. Thanks very much
P. M. Eastern. I want to get everyone caught up on the other top stories we are following. Came up short. Everyone has an excuse, right . It is called the weather. Bad weather affected operating revenue. Warren buffett found a way to keep his Company Taxes taxes low. To stockhe plan shares . Another twist in the search for that missing plane. Filesia said that some were missing from a Flight Simulator found in the pilots home. Major changes in the Federal Reserve today. Their first meeting in eight years without ben bernanke at the helm. Michael mckee is here with me at the beginning of this janet yellen era. This threshold of 6. 5 has been such a key metric tom a but that may change . It may be the first thing she brings to it. This is not her first rodeo. She has been on the fed since 1990 four. This is actually not the first fed meeting she has chaired. February 20 there was an open meeting on dodd frank. The first topic of business is what do you do about the socalled evans rule .