Coming up, new developments, and perhaps preparing for some breaking news from capitol hill. multiple sources tell nbc there are ongoing conversations among democrats about whether congressman john conyers should remain in the house at all after a third woman has come forward say she was sexually harassed while working with him. we have not verified all of those allegations and conyers denies any wrongdoing. more on that ahead. but don t be surprised if a resignation is coming on the. we have the market wrap. stocks on wall street surging with the dow, s&p, and nasdaq all hitting record highs as the gop s tax bill progresses towards a senate vote. the dow soaring 255 points. the s&p gaining 25. the nasdaq adding 33 points. testimony from jerome powell before a senate committee gave stocks a boost. powell is nominated to replace
All hitting record highs. that s the sixth day for the s and p 5 hup alone. six record highs in a row has not happened since 1997. stocks current record run is fuelled by hope for tax reform and unit president is celebrating tweeting with the all time highs, about the low jobless rate. manufacturing enthusiasm at the highest level in decades. the september jobs report is out later this morning. the we expect the big hurricanes have sub pressed hiring. there s a lot of chatter on twitter. all of these great things happening and no change in economic policy. netflix will rise $1 and $2. the extra cash will help netflix pay for programming. they plan to spend $15.7 million
Presidency has evolved, it simply matters who is at that desk. and one of the questions i have, and i d love to hear professor rattner on this, don t you think the conversation would be different that is, we re having a political conversation about a level of chaos that seems largely untenable, but the market seems quite cheerful, and i don t really as a layman, i don t understand that gulf between the political conversation and where the markets are. if the markets were down, it seems to me, the political conversation would be having more salience and might be cutting into the national conversation more. it s interesting and much talked about, jon, in my world. that s why the stock market keeps hitting record highs even though we have what i think most of us around the table would view as a political crisis. i think the answer is that the market is really putting this down to kind of washington
In there. the stock market is the hitting record highs and they are back and high-fiving each other as their portfolios go up, but, you know, in a way he s probably better off having more of an outsider position than becoming a defender of the current situation. bill weir, bill kristol, susan page, thanks so much, one and all. you can hear much more about this search for common ground in the era of trump on bill weir s states of change. that s tomorrow night here on cnn at 9:00 p.m. eastern. looking forward to that. while all the attention has been on president trump s withdrawal from the paris deal his administration has been busy getting a lot of other things done, like enforcing stricter sentences for drug offenders. one federal judge says the new federal guidelines are putting justice in handcuffs. stay with us. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don t.
Hitting record highs, the ninth this year for the s&p if you re keeping score. the dow now just 33 points away from its own high, the markets still up, the federal reserve plans to trim its balance sheet. tex.dot seeing a boost. and the suit claiming pickup trucks are programmed to cheat on those tests. the u.s. has strong diesel emissions regulations, and automakers face scrutiny. the stock fell 2% on the news. it has been ten years since congress last raised the federal minimum wage. the democrats are marking the passage to raise it in 2024. it probably wouldn t pass, but a number of states and cities are on track.