And shut up. it isn t just democrats criticizing governor christie. his live have a governor who wants to succeed him in office called christie she wouldn t beat sitting on the beach as long as taxpayers were deprived of its use. moments ago the ap reported that new jersey lawmakers have reached a deal that will end the budget shutdown. james: good news and all that. thanks so much. ten pedestrians for this afternoon when a taxi careened into a crowd near boston s logan airport. police say the incident appears to be accidental with the driver hitting the gas instead of the break. they say the driver is cooperative and there is no apparent link to terrorism. dow hit an all-time high before finishing ahead 1:30 in an abbreviated trading day. s&p 500 gained 6 nasdaq lost 30. isis terrorists in iraq getting desperate and returning to a
Husband away and she is hoping he is going to come back. stay safe. let s get a check on money stream this morning. one month ago the dow hit 12 record highs, today a streak of a different sort, an eight session losing streak, longest since 2011. tax reform is priced into the stock market along with hopes of deregulation and infrastructure, and the big question now is the trump bump slowly tumpirning in the trump slump? the girl will be staring down the bull, the mayor says it s a fitting path for a girl who refuses to quit. it was put up earlier this month to advocate for getting more
Far from where president-elect trump wants gdp to be. okay let s first pause here and take chat a little bit about the elephant in the room. the question that s been asked every single day, has the dow hit 20,000 yet? no. it hasn t. but stocks have had an amazing run since the day after election day. the dow was up an amazing 1600 points since november 9th. what s driving it? the donald trump effect. essentially a santa claus rally kind of dressed up as donald trump on expectations his policies will be good for business and good for the economy. but, investors aren t giving it up that easily. the dow is within reach at about 60 points away. however it looks like the flirtation will be tinge today. erica? the flirtation will continue and so will our watch. allisison kosik, thank you. still to come a deal to repeal north carolina s bathroom bill crumbles. we have the latest.
Republican controlled president and congress which may be able to push through promise that many believe could help the economy like infrastructure, spending, tax cuts, and lighter regulations. these are the kind of things that can be beneficial to business and stocks. so what were investors buying yesterday? they bought pharmaceutical companies like pfizer and merck, thinking that trump is going to focus on undoing obamacare, to pay attention to high drug prices. defense stocks like northrop grumman and lockheed martin on expectations trump will push for more military spending. engineering and construction on the building block companies for spending on infrastructure projects that trump is expected to push for as well. so, carol, as we begin the trading day, we are watching one number. we are watching 18,636. that s the number that we want to see the dow hit to hit that record high. carol? okay.
Market is off 14%. and since this fall actually began, the market is off somewhere around 10%. we re starting to see a complete feedback loop. asia was down, europe was up, but the u.s. couldn t maintain that momentum. and now the u.s. takes all of this with the dow jones down so sharply, the u.s. takes it all and shoves it back into asia where the markets also fell, wolf. so the question is, and a worry question as you though, because as you point out, may 19th of this year, just three months ago, the dow hit its all time high, 18,351. 1800 in the last few days alone. what will happen? people are wondering, is it still going to continue this steady slide, slide, slide? so the first thing we have to