Its the little saint nick. Its the little saint nick. Just a little bob sled. We call it old saint nick. Lauren Christmas Tree shining bright. Welcome to fbn a. M. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lets take a look at money. It has been a big market day. Lauren new records on wall street, despite boeing shaving 100 points off the dow. All three major averages closing in record territory, the dow hitting the 16th record close of the year, gaining 10,000 points since President Trumps election. Cheryl with apple and microsoft hitting alltime highs, weve got a mixed bag today. Dow is down by 32, s p only down by 1 andahalf and nasdaq still higher. Remember, yeartodate the dow is up 21 , nasdaq up 32 yeartodate. It has been a great year for markets. Lauren and in asia, rally mode yesterday. Optimism on the trade deal helping the shanghai composite in particular, up 1 and a quarter percent. Cheryl chinas economy looking kind of strong. The brexit cloud is lifting. L
Melissa francis and this is after the bell. Joining us for all the major market milestones, gerri willis from the floor of the New York Stock Exchange, phil flynn in chicago, forbes media chairman steve forbes. Barrons Senior Editor jack hough, financial analyst heather zumarriaga. Gerri, you are up first. Who are this years biggest winners and losers. There is pandemonium down here i barely hear myself think. The winners, boeing, caterpillar apple, and losers ge, we talked a lot about that company. Ibm and exxon. A lot of difficult sectors on winning side and losing side. The winning sector of course as you expect, 37 gain for technology. Those stocks doing really well and really the sector outperforming everybody else. The lagging sector, no surprise, telecom down 5. 7 . Youve seen the companies in this sector, verizon, a number of them are heavy with debt. Theyre constrained by all that they owe. Incredible competition in their sector. So lots of moving parts today, lots of exciteme
Street. Im Carl Quintanilla a strong close with buffett on squawk. Fed chair pal on the squawk tomorrow we begin with futures pointing to a sharply higher open on the twoweek rally and buffetts advice for the longterm investor despite volatility, buy equity, not bonds. Ge is planning to restate three new candidates to a streamlined board of director. And the chip war continues over qualcomm urging broadcom to engage in direct talks for a takeover deal. Buffett is one of the big stories of the deal saying Berkshire Hathaway received the new tax law. Heres what becky said earlier on squawk. We had about 100 billion of unrealized gain in equities. Now, when they are sold, you pay tax on that. And previously when the tax was 35 , we would have had a 35 billion reserve for taxes against that as a liability. That would drop to about 21 billion. So 14 billion roughly that was a reduction in the amount of tax that when we saw those securities, we will pay. It wasnt cash now, but it reduced the
Begin general debate on the g. O. P. Tax reform plan later this afternoon. Live now to the u. S. House here on cspan. [captions Copyright National cable satellite corp. 2017] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] the speaker the house will be in order. The prayer will be offered by dr. Glynn stone, moberly bam activity church, lorning view, text texas. Dr. Stone thank you lord, god, you are our hope for years to come. You can see our trust in you is engraved in this very building. Before any speeches are heard and votes are cast and decisions are made, our greatness comes only from your grace. I ask you to remind each of these your servants of their special responsibility to lead in your way, to lean on your word and to listen to your voice. As they represent constituents, may they defend the defenseless, protect those in danger and promote good so all americans can reflect your image an
Orbit tonight. The Clinton Campaign attempts to reach hyperspeed and we are in an alternate universe. First Donald Trumps supernova of suspense. Off thenee walked debate stage last night having created one megagalactic problem for himself when hes refused to say he would accept the result of the election. Today in ohio, here is how he tried to clean it up. Mr. Trump i would like to promise and pledge to all of my voters and supporters and to all of the people of the United States that i will totally accept the results of this great and historic president ial election if i win. Would accept a clear election result. But i would also reserve my right to contest or file a legal challenge in the case of a questionable result. John so, mark, with his efforts today, do you believe that donald trump has put this matter behind him or not . Mark he compounded one unforced error with another. The story will live on the hope it in the absence of there are no more debates, i do not expect any other