Exports have crashing down and so has the value of iran s currency but all of these things have contribution it ok surprising side effect the iranian stock market is thriving. inside the terror on stock exchange there s rest bite to be found from the nail biting economic situation facing a rainy and traders here have been enjoying a 12 month bull market with the main index the ted picks hitting record highs again this week jan you only a war breaking out could stop the market political tensions are to not. take the past year the value of the iranian currency the reality is thought to a full and by around 60 percent the root causes of that likely predate the u.s. withdrawal from the iran s nuclear deal in may 28th but the subsequent reimposition of trade sanctions has driven its value down further. the result into rocketing costs of imports have forced firms to seek local suppliers benefiting companies who sell their goods within iran and benefiting stocks in tehran whether the doomsday
When it was hitting record highs. interesting to see how the white house addresses this situation with the stock market as they continue to tout success as far as economic policies. you know better than anybody it s dangerous to use the market as a barometer for your economic policy and whether it s working or not. because it fluctuates. the president used it as a barometer. i doubt the white house will be doing that today. bill: let s go back to the flynn matter here. we have this sound bite from weinberg, a former deputy for the independent counsel and he was on with shannon last night. he talked about the redactions but it s interesting. a lot of people are reading into that as you appropriately say some things that may or may not be there. here was his assessment on it
Welcome back. chief business correspondent christine romans takes a look at what you need to know before the markets reopen on tuesday. reporter: hi. it s a short week on wall street. the stock market will be closed tomorrow. so far this year has been off to a strong star. the dow, nasdaq, s&p 500 all hitting record highs during the week. now attention turns to fourth quarter earns as a number of big banks report quarterly results this week. investors will be watching what happens in washington. on friday the government runs out of money. a government shutdown or even a close call could rattle the stock market not because of the economic consequences. shouldowns are usually short-lived but because their evidence of political dysfunction and that s hardly a confidence booster for investors. thanks. this week, congressman adam schiff said the country would be
Consideration. consumer spending, consumer confidence slipped a bit in september but it was hitting record highs in november. you look at the holiday spending numbers, retail has been in a slump all year. now we see some recovery in the retail stocks. the fact is whether or not you and i discussed many times this was sold dishonestly, the fact is because of low unemployment and marginally increasing wages, americans are feeling better than they were a year ago about the economy. that s right. and maybe americans will feel a little bit better when they look at their withholding and see for a significant number of people a change in the amount of money they take home in their paycheck. pollsters will tell you there s not much evidence that people actually feel that, belief that when they look at their paycheck and say oh i m better off because i got a tax cut. that s going to take some time to sink in. but if in reality this tax bill generates a surge of economic
Almost four hours. there is much to discuss. also, iraq declares victory over isis. all that, with a terrific panel. also, steve bannon s candidate loses the race for alabama senate seat. is the poll of populism fading in america? how is it doing on the other side of the atlantic? we ll take a look. then you heard all the horror stories of women in the workplace. we ll tell you why they re important for a whole different reason, economic reason. i ll explain. and the stock market is at an all-time high. the dow, s&p and nasdaq keep hitting record highs. is this a trump boom or is it a trump bubble ready to burst? tw top experts, morgan stanley