And bob pisani at the New York Stock Exchange hey, robert. Hello there, old friend narrow trading range were down second day in a row, but a small trading range. 16 points in the s p 500, maybe 200 points in the Dow Jones Industrial average the nasdaq, though, is eking out small gains. The dow gainers for the month, theyre still the gainers for the day. Look at apple, look at nike, look at sisco, all up on the month. The laggards, its interesting, the ones that are down in the month of december also down today. Boeing had a tough month even disney. They topped out the beginning of december, 153 now, 143. Visa ending down today a little bit here that was a big mover all throughout the end of december the one sector i would point out to you is the Energy Sector. Oil exploration product up again today. And you know all of those really beaten up small Exploration Production companies, witing, southwestern, all terrible year, terrible three or four years since the tax law selling seemed to
And taxpayers buckling up as President Biden is teeing up more spending. Why Pete Buttigieg says it will keep the economy humming. Hes here. So is Donald Trumps former secretary of state, mike pompeo. Remember him . He could be in the running, maybe, for a new title. A bigger title. Were on it, all of it. Welcome, everybody. Im neil cavuto. Glad to have you with us. Lets go to Grady Trimble at the white house on these fast moving developments and the president s plans to take advantage of what was a widely received and wellreceived state of the Union Address. To you, my friend. It was, neil. At a time when Many Americans are not happy with the president s handling of the economy. He used last nights address to change those perceptions touting billions of dollars of Students Loan Debt Cancellation and unveiling plans for more social programs. We enacted tax credits of 800 per person per year, reduce Healthcare Costs for millions of families. Restore that child tax credit. No child shoul
Ready for the listing later this week. First horizon ceo, brian jordan, with the pulse check on regional banks post prices and the state of lending as rates continue to rise. Off the opening highs, pretty good breath and among the dow, 30 components. We brace ourselves for a busy week with earnings from giants like adobe, microdata cpi incorporate events and southside conferences. The European Central bank meeting and we have an armed ipo and whats interesting, and we heard from our friend about he says the relationship is so important but we are seeing higher yields today and stocks are rising despite that. Usually they are scared off y that and maybe it has to do with the bank of japan. Overnight, some comments there about scrapping their yield curve control but is a relationship we are going to watch heading into an important inflation week. Breaking that link would be key. We are getting breaking news. We will go to steve. Hey, steve. Hey, carl, thanks. Dodging a bullet here for th
There is some spec edition of when the speech was announced and publicized, Lael Brainard might later foundation for a rate hike in september. Does not appear she has done that. In the speech she gave and the q a to follow, she talked a lot about doing away with the old normal and looking to the new normal, sane policy must rely less on the old normal as a guidepost, noting that you have to be forwardlooking and acknowledge that inflation has undershot the fed target of 2 for 51 straight months, and also giving indication that she does not believe that the u. S. Economy is at full employment yet, saying perhaps there is more slack yet. A line that stood out to me is in the presence of uncertainty and accelerating inflationary pressures, it would be unwise for policy to foreclose on the possibility of further gains in the market. Vonnie entirely not what we would have anticipated but there were a lot of people speculative she turned slightly hawkish. Wage inflation in particular, saying