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road map begins with the global stock rally, tech futures pointing to a higher open ahead of the holiday. ceo meg whitman saying she will step down early next year she s going to join us in a live exclusive and perhaps final interview in a few minutes. and president trump weighin in on the at&t time warner merger saying the deal is not good for the country. stocks looking to continue their upward momentum, technology was tuesday s top performing sector along with apple. the first time that s happened since july of 2015 q guys i think it s 25 times we ve had the dow and s&p and nasdaq 28 times set records on the same day surpassing the record we got back in 1995. which just sort of shows you that the dips have been so shallow, that any time you get the three indexes rising this year, chances are they are going to be in new record territory. it was are the everything rally yesterday. after last week s little backup in the indexes and high yield didn t open up an ....
houses four brackets. the house individual tax cuts are permanent while the senate s version sees him ending in eight years. if the tax cut starts in 19, not 18. if in the hospital repeals the alternative minute minimal tax, the senate version repeals the individual mandate. no limit that deduction. investors also digesting the november jobs report out on friday. the economy added 228,000 jobs in the month of november. the unemployment rate held steady at 4.1%. all in all it was a better than respected report. the markets with an up-and-down week, the dow reaching another record high on monday, but then seesawing for much of the rest of the week. markets ending the week next. and the bitcoin craze got a little crazier this past week, skyrocketing while passed 16,000. if that one point the crypto currency saw its value soar more than 40% in 140 hour period. 40% to 40 hours. then a pull back more than 10% hours later. it s truly astounding. the future market goes live ne ....
houses four brackets. the house individual tax cuts are permanent while the senate s version sees him ending in eight years. if the tax cut starts in 19, not 18. if in the hospital repeals the alternative minute minimal tax, the senate version repeals the individual mandate. no limit that deduction. investors also digesting the november jobs report out on friday. the economy added 228,000 jobs in the month of november. the unemployment rate held steady at 4.1%. all in all it was a better than respected report. the markets with an up-and-down week, the dow reaching another record high on monday, but then seesawing for much of the rest of the week. markets ending the week next. and the bitcoin craze got a little crazier this past week, skyrocketing while passed 16,000. if that one point the crypto currency saw its value soar more than 40% in 140 hour period. 40% to 40 hours. then a pull back more than 10% hours later. it s truly astounding. the future market goes live ne ....
to go around to sate the buyers. so the positives get magnified and the negatives get ignored. that happened again today. the dow dipped 13 points, s&p advanced, nasdaq gained .29%, nice move. first, let s understand, this market is largely driven not by stock pickers but by index funds. that index fund money comes in automatically everyday billions of dollars placed in equities will move equities higher why does this send stocks up so much the for starters, directional. that money tends not to be traded it soaks up supply quite easily. remember, the stock market is a function of supply and demand. before the index phenomenon which didn t exist in the 80s and 90s, mutual funds and hedge funds would be selling as well as buying. they still do. but the amount of index money coming in, chiefly for retirement, far outweighs the amounts that are traded. it overwhelms them don t get me wrong, index funds are the right choice for you if you re putting money away for retireme ....
editor in chief of bloomberg businessweek, joel webber. let s start in the business section. a story that is fascinating came out a couple of weeks ago. it is about a trifecta of individuals, well known individuals, warren buffett, jeff bezos, and jamie dimon talking about fixing the health care system. right. the biggest guys around. the details around this still remained kind of hazy. what will actually be the solution in health care? how are they going to try to fix this? they re trying to find a ceo who can spearhead this initiative in the three companies. amazon.com, berkshire hathaway, and jpmorgan. what has been interesting, and where we try to pick up the narrative is the reaction within the industry. because the health care industry, amazon is at the door, this is a big deal. that is where we picked up. julia: this is not what we were expecting as a foray into the health care. we should make the point that at the moment they are tackling the situation with ....