Records, tax reform and that surprise special election result in alabama. Plus a little more clarity and an update on disney and fox. We are less than 24 hours from the announcement of that deal. Apples billion dollar fund finds another investment fin asar surgeries on the news as apple builds on lasers and specialized chips. The fed is expected to raise Interest Rates again today as it concludes its twoday meeting. If so, it would be the third rate hike of the year. Then this afternoon the president is said to deliver remarks on tax reform as happens trying to put the final tuchoucs on the bill. The president is going to have lunch with some members of the Conference Committee it looks like theyre trying to meld the two by from the, get it to his desk by the 20th. Maybe corporate rate to 21, some compromise on mortgage interest deductibility. I think its interesting also just in terms of what would pass versus not if you had democrats. A cut of 37 in the top tax rate for individuals,
Bob pisani is standing by with more. Bob . We gapped up about 1 on the s p at the open and we have stayed up. Lets call it steady as she goes. The same situation in europe. Germany will close in about a half hour. Let me show you how ger germany has been trading throughout the kay. The whole european system up 3 to 4 . Half an hour left to german trading here. In the u. S. 5 to 1 advancing to declining stocks. Its been that way throughout the day. Take a look at the markets in the middle of the day. Banks leading as we got the tenyear yields moving to the upside. Tech and energy also strong. The dollar has been weaker. Oil is up. Health care also leading. Take a look at the big banks. Remember, even here in the u. S. Banks are down for the month. Its been rough with the low yields we have been dealing with. But nice bounces back here, 2 and 3 in all of our group. Defensive names, we saw utilities and telecom rally in the last few weeks. Those are modest losers today. Not surprisingly s
Europes higher. Shorts may be coming ahead of draghis meeting tomorrow. Oil is father. Inventories in about five minutes from now. Stocks in the midst of the third longest bull market ever. Well look at what the plays are leading the way. Three new directs have been appointed at valiant. What it means for its company and the struggling shareholders. Another illness youts brake at chipotle causing a store in massachusetts to close. Stock is falling on that market. First the bull market is turning seven. The dows up 159 . S p up 193 . Nasdaq up 266 , not included dividends. It would be the next day, our coanchor, mark haines, sat here at the exchange and said this was it, the worst was truly over in his view. Take a listening. However, im going to step out on a limb here. This is the big hold on, weve been waiting for this. I think were at the bottom, i really do. That morning futures were at the bottom. It was real. He was looking at the dow, 200 Day Moving Average. At the time dow was
Customers, facebook is finding out what it means to be a hardware company. Yes. On Major League Baseballs opening day and today as well, rob manfred will join us at post nine to discuss ticket prices and a lot to talk about. It will be a very interesting conversation. We want to start with tesla. Shares are popping today on reportedly strong early demand nor the mass market model three car. Phil lebeau has been following the figures from a tweet storm of elon musk. What do we know . A big three or four days for tesla and elon has been tweeting and giving us numbers on the amount of reservations placed for model 3. At the end of saturday night, 276,000 reservations, likely much bigger than that now but we havent gotten an update from tesla. The base price for model 3, 35,000. That means if they only sold 276,000 at the base price and we know they go for much more, they bring in 9. 6 billion when those sales were completed. By the way, model three deliveries start in 2017, by then it wil
Eastern time. And in europe some markets have already closed early. The nikkei did hit 15,000 briefly for the first time in six years. Our road map begins with Holiday Cheer for the market. It might sound like a broken record but once again stocks set to open at fresh highs. Today is another important day for retail. Some stores are staying open for as much as 100 hours straight to try to take advantage of the late rush. But with new data showing a drop in sales, will those extra hours be enough to boost holiday totals . And what was the most important story for your money . Its not over yet but weve got that answer for you. And were joined by Dennis Berman, Business Editor and columnist at the wall street journal. The bulls are in a pretty jolly move this Christmas Eve, nasdaq closing at its highest level in more than 13 years, all three major averages posting their strongest fourday winning streaks in over two months. For more on this record market rally, lets bring in paul hickey, c