President wants at that do today. He heralded a Capitol Hill Police, took what was an already awful situation and prevented it from coming much more and saving potential carnage there. The request to arm our congressman and women, maybe all should be allowed to carry weapons or at least have protection. There is back and forth on that the day after all of this. Meantime, were keeping what ensues with the selloff particularly in technology. You wouldnt know it with the dow down all of 24 points but this is concentrated beneath the surface with Technology Stocks resumed their rout couple days ago here. If we go through some of the Big Technology names here that are back to a big selloff here, on that, despite the fact that yesterday there was sort of a breather for a while, what people thought. You will have to take my word for it. We will show you these stocks. But for now, technology is still getting sold off. All right, as we go through these names here, that continue to slide off of
The dow is up 188 points. Most of the sectors are higher. Energy, financials, technology. Stock market is looking pretty good. Not necessarily some tech stocks which have gone to pull back. The dow hitting alltime record high, intraday. Will it close at a record . You better watch for that key number. That would be 21,528 and change. Energy is helped to power the dow as oil has been gaining, 46. 47 the barrel. Chevron, and exxon have been winners. Were seeing those lead the Dow Jones Industrial average. Losses financials which did so well last week on the ideas of bond yields on the rise, look at them again. Leadership has really been the financials for whole month of june. Financials were the best performing group. Theyre kicking off july in the same fashion. Goldman sachs 3 higher. Jpmorgan up 2 1 2 . Looking at the dow jones transportation average, looking at the intraday there, as that too, neil has hit a record high as well. So, some records to note. Netflix moved into the correct
Need to know ahead of those numbers. We are coming off of another record close for the dow industrials, 24th alltime high this year. Futures indicating a bit of a pullback this morning, fractional move coming off the high. Dow industrials set to open up ten points and whether or not that changes things. The european markets are mixed, european indices as you see there, majors are flat. In asia overnight gains across the board to report, fractional moves, nonetheless but in the plus column. Planet of the apes swinging back into theaters full Box Office Preview later this hour. Joining me to talk about it Dagen Mcdowell, kings View Asset Management scott martin is here and research chief, Research Officer. Good see you. Dagen great to see you, coming up we were at the Berkeley Center for the third stop at the Connor McgregorFloyd Mayweather. You interviewed him. Dagen youve gotten paid, not so much. We have a very heated debate about who can win fight. I will put money down on the fact t
Heard him, what is the expression again, being peevish . He is not peevish. Republicans wont give him what he wants. Are you trying to shout over me . Youre whining. Neil yes, yes im telling you. He is doing too much of this. He is doing too much of this now. Remember i was the guy who said would be elected president. Everyone laughed at me. He was elected. He doesnt like me. That is fine. I call a spade, a spade, just like you, do stuart. He has to stop whining, get leading, getting taxcutting things going. Stuart so at 12 01 on august 24th, i think it is, neil cavuto said categorically the president is whiner and will not get a tax cut. You said it . Neil yes. Stuart live with it. Neil the bottom line is this, look at all of the things that have trickled through and started to happen, that for someone like you maybe warrant some worry which is why im leading my show with indications that warrant some worry. Stuart so im done. Sounds like he is whining, stu. Neil im whining a little b
Despite the gain or losses recaller in the day. Republicans on idea of a border tax, whether that comes to fruition. They are not clear on allowing deductibility of state and local taxes. That is a linchpin in our tax code. For that matter whether we have the housing and charitable deductions to the degree we have them today. Theyre not exactly assure whether we see something akin to a 1986 complete reform of the tax code. Or something that tinkers around the edges in order to get it through congress, a simple majority with president bush in 2001 and 2003. That was a 10year window. They had to revert back to zero to get back where we were to get them passed. The reason that is worry to some folks. You get the big tax cuts, substantial tax cuts and theyre shortlived. No guarranty of that. I picked up with treasury secretary Steve Mnuchin who told me was optimistic about a big tax cut and it would be across the board but he posited some differences how big it would be for the upper incom