When the 2 00 p. M. Deadline came and went. We will see what happens. These are happening not necessarily at this level, but all over at more campuses yesterday. South florida. You know, if you are watching, it could be any university at this point. Im not surprised to see it happening. Crazy. Everyone comes to these conclusions at the same time at every university. Very strange. Media news. Something that is easier for us to understand, i guess. This is not easy. Bob bakish is stepping down. Me merger negotiations with s skydance continue. Cbs president george cheeks and showtime Ceo Chris Mccarthy and Paramount Pictures chief Brian Robbins will be on the board. They reported 62 cents which beat estimates. We will talk more about the paramount news with rich greenfield later in the hour. To news about the Parent Company that Nbc Universal is prepared to pay 2. 5 billion a year to air a package of nba games. Warners tnt has been paying 1. 2 billion a year under the current deal, but fa
The nikkei closed up by a half percentage point stocks were mixed in china hang seng down by 2 if you look at whats happening in europe and the early trading, things are mixed there stocks down in london with the ftse down by 0. 6 . Stocks up across the board in the other countries. The dax in germany up by 0. 9 . A gain of a half percentage point in france. Crude prices, wti around 57. 50. We are up another 55. Yeah, market was up 255 yesterday. Think if the market was down 255. Think of what we would do with 160 point observe a down day or 190 as far as the sentiment in this market right now, if the market were to go down we take it in stride when we hit new records. Yeah, the market is going up. Maybe its powell or tax reform. Thats 300 points this morning, if we went down 300, you would be every newspaper, they would have picture traders going stock shot. Stock shot. Is that what they call those . Stock shot. Stock photos. Not about stocks. No. About something that you got on file
The impact on the markets. Fed chair jay powell steeping out on cap hill. He signals the fed will keep raising rates. On that note lets go to senior economics reporter Steve Liesman for more highlights. Thanks very much. Yeah, fed chairman Jerome Powell in his first testimony before Congress Says that he doesnt believe this is going to happen, but one of the risks out there is an overheating of the economy. And he opened the door in a very subtle way to a possible fourth rate hike. Saying, you know what, the economy is strong. Weve had fiscal stimulus. His view on the economy strengthening as well. Heres what he said. Weve seen fiscal policy become more stimulative. So, i think each of us is going to be taking the developments between since the december meeting into account and writing down our new rate path as we go into the march meeting i wouldnt want to prejudge that. Heres what jpmorgan says about that economy todays comments appear to open the door for others on the committee to
Stocks at the head of the quarterly report. Features look like this after two days of power forced out prices. A record day yesterday for the nasdaq composite closing at an alltime high. Nasdaq above 6000 for the first time ever. Looking at the nasdaq 100. A different embassy in talking about. Take a look at market today on the dow industrials. In europe next performances. The ft and dax index down and the cac quarante up a fraction. Best performer was japan. Nikkei average up 1 . Chip will be getting grilled. The Company Warning its Payment System was hacked. What you need to know coming out. Verizon continues to embrace unlimited. A nuke repaid data plan but is that worth the heavy price tag . Joining me to talk about it, Fox Business Network taking the battle, Kristin Haglund and were waiting on kevin kelley. Dagen guess we are, the fabulous always bright shiny, not always correlate. Maria weve been waiting for this day. And it has arrived. Dagen finally getting a little bit of info
Chipotle today its a new problem but its an old problem. The stock sinking on news a restaurant in virginia closed after a number of customers became severely ill after eating there. Well tell you where it is i guess i just did, and how chipotle is handling that issue coming up. Lets start with the financials weighing on the dow. Goldman sachs the biggest loser after its Earnings Report out this morning wilfred frost is here to break that down for us. Goldman sachs failed to navigate the market as they aspired following another good quarter in the markets and currencies business. Heres their show Martin Chavez. The primary driver for the declines sequentially are year on year. Was lower client activity with all the drivers that we that we discussed, lower volatility, less dispersion, less opportunity. Commodities is a story of challenges on all fronts, and there was lower client activity and also a difficult marketmaking environment. This was the worst ever quarter for commodities sinc