Sara eisen on this friday. Tgif. Thank goodness. Great day yesterday we were up 0. 8 for the major indices. Transports yesterday, the russell index, Smaller Companies up 1. 7 that positive momentum continuing, up 100 points on the dow this morning lets have a quick look at the euro popping on news that german lawmakers reached a break through in talks to form a new government the euro had a good session yesterday as well. That was off the back of ecb minutes. But todays move off the back of that german political news up to 1. 2121, thats a high we have not seen since december 2014 joining us is willem marx from london with more so, essentially whats happened here is the spd and the cdu have agreed that there will be a coalition they had a media blackout for the last five days over these preliminary talks. Were getting a slew of headlines now coming out of those discussions. Those include a lot of the spd wish list items they have been pushing for. Angela merkels party and her sister pa
Cramer and david faber futures on the move off the highs, retail sales are solid and 2year hits 2 Bank Earnings as a highlight as earnings season kicks in europe is mixed and oil is giving back gains. Our roadmap begins with the big banks beat jp morgan and wells and black rock with better than expected quarterly earnings. Wall street is eyeing fresh record stocks getting a boost from strong corporateresults and a bullish sign for the economy. West wing vul garts, the president mixing a bipartisan immigration deal and denying offcolor language. Jp morgan chase, wells are both mixed and jp morgans released, jamie dimon expresses optimism about the new tax law. The enactment of tax reform in the Fourth Quarter is a significant positive outcome for the country. U. S. Companies will be more competitive globally which will ultimately benefit all americans. The cumulative effect of retained and reinvested capital will grow the economy and growing jobs and wages we have always invested even i
The nasdaq is on track for its best monthly gain since july of 2016 the s p 500 is at its biggest monthly gain since last february the s p and nasdaq have risen seven of the last eight trading days if you were waiting for things to slow down, you are still waiting. Triple digit gains for the dow already this morning overnight in asia there were gains this came after the strength yesterday with the dow up 200 points. The hang seng was up by 1 shanghai was up by 0. 1 . The nikkei did give back some ground in europe this morning, there are some green arrows across the board. Gains of a quarter percentage point for germany and the ftse in london. The cac in france is up by a third of a percentage point. If you want to look at treasury yields which have been picking up ground, you will see the treasury yield for the tenyear, sitting about the same, 2. 544 lawmakers in germany reached a break through in talks to form a new government the euro rising. You need a government. Euro rising to new
Up another, what, 60, 70, 80 as of this morning. By the time we open, the dow will be, what, about 300 points away from 26,000, another milestone. Heres that big number, put it up again, please. The value of all stocks has now gone up 7. 6 trillion since the election. And more companies are giving employee bonuses because of the tax cut. Fiat chrysler and capital one are among the 14 companies to join the list in the last 24 hours. All right. Jpmorgans chief, jamie dimon, he says tax reform is a significant, positive outcome for the country. In other words, we aint seen nothing yet. Hes americas top banker. Weve got to get to politics. Dueling comments. A vulgarity from the president thrown right into the immigration debate. Thats not going down well. A raciallycharged comment from nancy pelosi, five white guys are deciding immigration policy, she says. The multimillionaire, pelosi, also says those bonuses are pathetic crumbs. [laughter] sit back, folks. Were on a roll. Money and polit
Welcome to power lunch. Im michelle carusocabrera. Melissa said strong rally to end the week, the dow, s p 500, nasdaq, russell 2000, dow transports all hitting record intraday highs look at the Dow Jones Industrial average, dow 25,000 is so last week were 250 points away from dow 26,000 second straight week of gains, check out soft om movers within the averages amd downer today taking a hit. The company says its chips are susceptible to the specter security flaw. Its off 1. 5 . That flaw lets hackers steel sensitive information. Gamestop tanking about 10 retailer posting strong holiday sales, however, they took a big charge on iphone x related problems first ipo of the year, first energy ipo of the year Liberty Oil Field Services Soaring about 30 on its debut today. The ceos going to join us in just a few minutes tyler. Michelle, thank you very much welcome everybody. Im Tyler Mathisen lets tell you what else is happening at this hour the National Retail federation says holiday sales