Check things out today because we have now seen already 69 record closes for the dow this year if there is another record close today, as you would indicate if you see these gains again, this would be the most record closes weve ever seen in any year for the dow. Last record watts set in 1995 and that was a record of 69. The s p is already in record territory. Weve seen 61 record closes for the s p and thats compared to 18. The dow indicates almost 24,800. You see what im looking for. I cant see your screen. Its a map of south america because the train the sorkin train was oh. No, no. You said san paulo. I was down in san paulo where am i now youre down across from the falklands. The train is. Youre still here youre here i missed the train, as you know youre still in jersey, i think, camden or something not even. I havent left the island of manhattan. Seriously. Im stig thinking im like just hanging outside of penn station. The sad thing is, i had to look to figure out which one i knew
Holding in europe. Yes they are the dax, chief amongst the leaders with quite a significant gain this morning. 10year note yield, been hanging around the 2. 4 level there we are, 2. 378. You can see wti up 32 cents. Lets get to our road map this morning. It does start with that market rally you just saw the futures are pointing to new records on growingconfidence that republicans in the senate and house are going to pass that historic tax cut plan this week. Plus, well have more on csx, investors are worried given the turnaround strategy may be in doubt after the sudden death of Hunter Harrison. Surging in the premarket after an upgrade from jp morgan. And weve got plenty of deals to talk about this morning. Geez, we sure do. Well get to those and talk p g. Lets get to stocks first. They are on track to open sharply higher, this on optimism on passage of the tax reform legislation. The house is slated to vote on the bill tomorrow followed by the senate with republicans hoping to get it
You go out no, i dont. Various market milestones today. The nasdaq crossing 7,000 for the first time and the dow closing in on 25k for the first time although were well off the highs right now. Tax reform hopes, and a series of deals this morning seem to be helping sentiment today. This is the first time ever, by the way, that the dow has gained 5,000 points in a single year. We began the year in president 19,000 range and now were well into 24k. Its just crazy theres no other word for it nothing like bitcoin, though, by comparison, it seems tame. We have people who are going to tell you where to make more money in the sfarkt cotock markg up in a few minutes. Is utilities are the biggest loser today. We have a debate on whether the bitcoin boom could help drive utilities higher talk about some of the power usage. Thats a hot topic. Recode calls him one of tvs most important executives. What espn had john skippers resignation announced today means for that sports giant and for disney ov
Tyler mathisen is off tonight. The major indexes climbed further into record territory. The dow closing in on 25,000. The optimism sums ahead of a vote on the tax bill that would be an historic overhaul of the u. S. Tax system. It would cut the corporate rate and result in likely increases in profits. A number of corporate deals also helped lift sentiment. Well have more on that later. But first a look at the closing number. 24,792 for the dow, its 70th record close. The highest number in a calendar year ever. The nasdaq was up 58. The s p 500 added 14. With the steady climb in stocks all year and the tax bill vote near, what will drive the next leg of growth . Mike santoli took a look for answers. Every bull market needs a good story line. The one that started nearly nine years ago has followed several along the way. You have the depths of the bear market in early 2009. The bullish story was stocks were simply too depressed. As the years went on, the narrative shifted to Central Banks
Most critical for brick and mortar stores. With the last minute push to buy gifts, many will be heading out to the malls or local shops for fear that packages wont be delivered on time. In fact tomorrow is super saturday, one of the busiest shopping days of the year. And it falls at the tail end of the Holiday Season in which most retailers earn a sizable chunk of their holiday sales. Courtney reagan caught up with last minute shoppers at the Queens Center mall in. Reporter if you havent chd off your christmas list yet, you are far from alone. I just started, because i work all the time, so today is my first day of shopping, im not even close to being done. Im stressed. None of its done. Were just Getting Started and i have two days to finish it. Reporter half of u. S. Consumers are expected to hit the stores in the final hours before christmas. Last year consumers took advantage of deals starting early in november. My Holiday Shopping has been pretty okay, except for those few hard la