Lets get to bob pisani on the floor of the New York Stock Exchange. This is what it sounds like when doves fly. Very good. That was a good song. The important thing about it is since yesterday, were up 1. 5 . The s p 500, we turn positive for the year. Lets look at what the markets are doing in the middle of the day. Brian is right. Were in a bullish situation now. Two to one advancing declining stocks. New highs are expanding 200 at the nyse. Volume is on the moderate side. Volatility, well, the vix is at new lows for the year essentially. So lets take a look at the s p 500, we are at highs for the year and, yes, thats only about up 1 . Well take that and most of those gains for the year have come just in the last 24 hours. Big caps, new highs, i mentioned some expansion of new highs and we have ge and coke and johnson and johnson, all names you know at new highs. United health. We track that on an intraday basis. Travelers also on the upside here. So most of the new highs recently ha
Read. Look. I think china has a serious economic challenge ahead of it. It has to go through this enormous transition from an industrial economy, an export driven economy, to a more consumer driven, more market oriented economy. The faster they establish confidence that that transition is under way and that theyll stick to it, i think the faster theyll see progress. On stemming some of the capital flight. Okay. Well, the other structural problem i think they have to have is that basically the pileup of wealth at the very top, which is a universal problem, actually, in developed economies. In large part i believe this 1 trillion of capital flight consists of wealthy chinese pulling their money out of china, often to spend that money in economically unproductive assets like empty apartments in manhattan or vancouver or you name it. So it seems like when the wealthy in china break their social compact to reinvest in their own country and instead invest in less productive assets offshore,
Going to get rid of nafta for once and for all. Americans not impressed with how President Trump is handling his job. Our brand new cnn orc poll has him at the bottom of the heap of newly elected president s. Plus, shes the most highprofile woman in the trump white house, a top adviser to the president and unofficial ambassador but is ivanka trump good for women . Well discuss. Right to the president s new poll numbers tonight. Cnns john king is at the magic wall for us. John . Don, our new cnn orc poll shows donald trump is the least popular president in modern times at the 100day mark. Lets take a look at the numbers. 44 approve of the job hes doing as president and 54 disapprove. This one is not so bad for the country. The country evenly divided. 48 say good job and 52 say poor job, and question of hows hes doing, keeping his Campaign Promises, heres where the president is in a bit of trouble. Big issues, economy, healthcare, immigration, his standing down from our poll just seven w
Muslims entering the United States. This is not a muslim ban. This executive order was meanspirited and unamerican. A judge has just blocked our executive order. Were going to fight this terrible ruling. Good morning. Happy saturday. Were always so grateful for your company. Spending the first of last 100 days here, first 100 in washington of course. Im christi paul. Seemed to be the right place to be. Im victor blackwell. Good morning from a crisis on the Korean Peninsula to his coming victory lap in pennsylvania tonight busy 100 day in office for President Trump. The executive orders, the promise, how people who voted for change are feeling 100 days in now. First, though, we want to talk about the act of defiance from north korea another Ballistic Missile launch. President trump responding on twitter now saying north korea disrespected the wishes of china and the highly respected president when it launched, though, unsuccessfully a missile today. Bad. A navy strike has arrived in the
Rates for corporations and reducing the number of tax brackets and doubling the standard deduction for individuals. The skeletal outline would benefit wealthy americans and devoid of details of what it would cost and how it would be paid for. This is paid with growth and with reduced reduction of different deductions and closing loopholes. Reporter many economists are challenging this as a magic wand of growth saying the cuts could increase the National Debt by trillions. A reality that would make trumps tax goals a tough sell with fiscal hawks in congress and goes against the pledge to reduce the deficit. It will simplify the tax code. It will grow the American Economy and all of this does not add to our debt or our deficit. Reporter democrats calling the administrations bluff. They are saying the growth in the economy will cover it. It never has. Its a plan to help the wealthy in the country. Wealthy corporations in the world at the expense of the nations deficit. Reporter one of the