The market, that sometimes we have trouble comprehending when washington does something incredibly positive for stocks or does something great for the economy for that matter. Yeah, but thats exactly what is playing out here right now dow gaining right now. S p falling. Yet i am telling you, i find many people still refuse to acknowledge whats happened out of washington. The combination of lower taxes coupled with deregulation and a tougher line on trade is fantastic for the market throw in a booming Global Economy and it is a beautiful thing to behold. Now the cynic in all of us has conditioned to believe that big business is all about rewarding shareholders and shareholders. Hand over checks mostly to people who are already incredibly wealthy for example, we have heard over and over again if we let companies repatriate over seas cash, they will use that money this will help this whole country prosper. And to be fair, that is what these executives did the last time we got a repatriati
61 points. Whats happening across the pond in the european markets, and its a mostly lower day as you can see. The ftse bucking the trend up one third of one percent see where Interest Rates are heading today and theres 236 on the 10year and crude is holding there. The road map starts with the largest proxy fight ever Procter Gamble shareholders deciding whether nelson peltz should get a seat on the board plus, the e commerce play, walmart remodeling stores andaging digital experiences and betting online sales will grow by 40 honnywell, shares rising after they spin off the home and transportation units front and center, Procter Gambles annual meeting getting under way. Shareholders whether to give nelson peltz a seat on the board. He has been seeking changes and p g officials are opposing saying their Growth Strategy is on track of the lobbying on both sides has been intense sara eisen will have exclusive interviews with nelson peltz and Procter Gamble ceo, david taylor first, jim cra
Stocks, the dow with the eightday win streak but futures point to a lower open as investors await fed minutes. Plus carl icahn stepping up bristolmyers, the activist takes a stake in that company. Is it headed for the Auction Block . And the new face of the s. E. C. Promising deregulation and increased competition, fcc chairman ajit pai is going to join us live in just a few moments. First up though, the watch is onto see if there are more historic moves ahead for stocks today. The dows coming off an eight Straight Record close after hitting their own alltime highs. The s p and nasdaq each hosting gains in nine of the past ten sessions. As we said earlier the s p up more than 10. 5 since the election. A lot of discussion about shillers p e ratio, jim, investors paying more for a dollar of earnings now than they did at any point leading up to the crisis. I struggle on that. I was on the walmart call and home depot call, there are some dow stocks and these quarters are so much better tha
Highs of the session dramatically for the three major averages. Theative is negative nasdaq is negative and the dow is about the same. What i see is in the white, we have seen oil go a leg lawyer and stocks are going along with it a leg lower and stocks are going along with it. We had seen oil rising on concerns over supply constraints in nigeria as well as in the u. S. Since then, it has fallen off and it looks like that is what is causing stocks to go lower. Imap, energy the is in one of the top spots paring its gains. Health care and technology are languishing today but yesterday we had the big pullback in retail stocks. Its a mixed trade and retail. Kohls first earningspershare missed their forecast with possible sales down 3. 9 . They say consumers are not lying apparel and it says it has a good issues from a marketing perspective and the shares are down 8 which is a fiveyear low. Ralph lauren is seeing fruit of the turnaround efforts. The ceo has reorganize the company. Revenue f
He was one of six people who underwent the shale revolution. He was one of the founding voices. He lobbied and washington, breaking away from the oil lobby. Scarlet chronicle for us his rise and fall. Man, acquiringd the rights to drill on a property and tries to sell them for a profit. With is to pay chesapeake, he amassed 15 million acres. 13, it wasces were a great plan. Under have now fallen to two dollars. Alix charif souki new Aubrey Mcclendon personally, and aubrey of the peopleone who convinced him to go into the natural gas business. He was a good friend. Like me, he had a high tolerance for risk. We did many things that were complementary for years. He was one of the first people who gave me the idea of exporting liquid natural gas from the United States. Scarlet i know you were talking with the Oklahoma State police captain. Do we have more insight on what happened . Driving, car was veered off the road, and crash. I was interested to see if there were skidmarks on the road.