Dow still 25 points shy of those levels. Six Straight Days six great sessions with the s p 500 climbing following last weeks plunge of 1 . It has come back, and then some from those levels. One of the things limiting what would be bigger gains is the price of oil, following the opec ,eeting with oil down 4. 2 below 50 a barrel once again as opec extended the production cuts but not for a full year, rather nine months. There was optimism that had been percolating that it would be longer. Oil shares today, they pulled back with many drillers and Oil Services Companies taking hits, transocean and marathon on this list. Stocks are higher today, not lower or being dragged down by these energy shares. Consumer discretionary a strong group, best buy is trading at a record, up 22 in todays session after the Company Comparable sales unexpectedly rose in part because of mario and the sales of the Nintendo Switch with Sears Holdings trading higher after the Company Reported its First Quarterly pr
Saying he would say long. Were bedding on a stronger economy mere. Okay . Thats the bet. Were betting on strength one way or another here the strength around the world. The day you had the three houses won, that was the day that was not going to be another regulation. People say people are holding back because of uncertainty. Thats bull i havent been negative about the stock markets. I was a bit nervous about potential earlier this year about trade friction with china, but i think they have gone past that in this administration. So tepper says market isnt cheap. You get the french elections out of the way and other stuff. Not in the way until the market stars focusing, hes like wake me up when the tenyear hits 4 . Then you have eye sawn, who says a little cautious. Whos right . Why dont we split the difference and say its a good idea to be somewhat cautious, but to respect trend. Were in a secular bull market that started in the spring of 2013 when we took out the double top from 07 an
Books. All looking at never before seen closes. And as the market rallies the new Trump Administration diving into the second week of tackling the task at hand and that is to fill cabinet positions and hundreds and hundreds of advisory roles. Trump tower, that lobby, despite of parade of candidates again this week heading to meetings with the billionaire businessman, oklahoma governor fallon being considered and scott brown to fix Veterans Affairs department and others, many scheduled including former Texas Governor crisper ri and former labor secretary elaine cou. Plus our Political Panel on decision president elect trump must make that could thrill or engaging the trump voters that got him to the white house. Plus, preponderate wants to expand the Iran Nuclear Deal. We are about to tell you how. The fbi warning you to be aware, what is that . We will tell you. Less than an hour to the closing bell. Lets start the countdown. Breaking news every single minute that we get closer to fina
But we are quite uncertain about that. Reporter in your speech in philadelphia, you called the slowdown in job growth last month concerning, and you mentioned today that you want to verify that the underlying momentum in the economy and the labor market is still continuing. What do you need to see to convince you that the labor market is toward full employment and for how long do you need to see it . I cant give you a formula, i know you would like to have a number thats a cutoff for what we need to see in a particular report. There are a lot of different indicators of the labor market, for example, the labor Market Conditions index, the binnia, referred to 19 different indicators. Clearly we will be looking at the next job report, and if we were to see a healthy pace of job growth, you know, above that needed to kind of maintain the status quo in the labor markets. I should say over time, we should expect to see as the economy comes closer to maximum employment, the likely pace of job
Deserves enormous areas of. But there were also questions i questioned how they were approaching it. I might have tweaked it to the extent that it involved Foreign Policy. I might say to my Foreign Policy partners we have a problem of doing it this way but youre always secure of making sure that the credibility of the United States is sustained. When theres turnover in governments, the work thats been done continues and particularly when you have a close friendship and relationship with a partner like canada its not as if work were doing on the arctic or entry and exit visa vanishes. Just in case, that doesnt happen, the u. S. Canadian relationship will be fine. Thank you, everybody. All right. The president of the United States and his canadian counter part wrapping up that News Conference in the rose garden today at the white house. On the agenda, discussions about the environment, trade, and that on going lumber dispute which the president says will get solved in short order and als