Live Breaking News & Updates on Karen Swisher|Page 6
Stay updated with breaking news from Karen swisher. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Everybody, im kelly evans right here im here at the Stock Exchange weather central or something im Bill Griffith, energy still this is kind of a catchy tune, isnt it . Energy weighing on the market yet again today. Oil to a ten month low, you is that true earlier, health care has been a big winner today with a number of biotech stocks pushing that index higher. Were going to have more on whats behind the moves coming up here. Take a look at footlocker today. It could become the latest amazon victim. Nike is getting closer to selling on amazon. Another retailer should be worried with foot locker down 5 which one is it . Youve heard this story, this is unbelievable George Clooney selling his tequila business for 1 billion. Jeff cohen sitting here next to me he cant believe this. We have a special report on why tequila sales ....
First, we start off with the move in Health Care Stocks today. The sector rallying more than 1 , surging to an all time high. This as bio tech stocks continue to break out, tracking for their best week since after the Election Health care, the best performing sector for june, so did we just witness a major rotation of the market and could health care be the next hot area of growth. Yes to all of that . I dont know about all of that your last thing. Then i sort of tune out. I get that. But now, absolutely. Is there a rotation going on im not serp, be but i think people are realizing that valuations in health care make sense. Maybe bio tech isnt under the mike scope we thought it was and now, youre having some listen, i dont think the pfizer, Bristol Myers deal is going to happen, but when you start to hear speculation ....
The fed added a third rate hike for 2017 or the median forecast adds to the third hike up from two. Our fed survey was at twoandahalf. So the market didnt fully price it. Yellen also and i put that word bless on trumps policies. Thats rick santellis words. He didnt bless it or criticize it much, but didnt bless it and the market wanted to hear these things will lead to better growth. And she said more worried about inflation, pointing out that when her counterparts were calling for what she and bernanke were calling for fiscal policy, it was a lot higher than now. Slack in the economy. Now i asked her at the press conference whether or not trumps tax cuts were the kinds of things that she could bless, because they raised productivity. Heres what she said. Tax policies can have that effect. It really depends on the specifics. I dont think theres anything that i could say in general about what tax policy would do. But that and i really cant tell you what the feds response would be to any ....
Snoe. Good morning. Happy friday. Im sara eisen. It is you in the flesh. I could not miss new music friday on Worldwide Exchange. You missed throwback thursday. What was the theme . Country music. Glad i missed that. Im wilfred frost. Its new music friday. Starting off with maroon 5s latest song called cold. Im sorry, elton john doesnt have any new music for you. I think he does. Just plummeted straight away. Only loyal fans like me subscribe. Lets get to the Market Action. A check on Global Markets, after a pause in the trump rally, reflation rally yesterday. Just a minoral iso al iselloff. S p down about 5 points. Dow jones down about 50. Nasdaq down about 10. What we saw in fixed income and Foreign Exchange brought the tenyear yield down to 2. 42. Inching ar ....
Change in supply. Reports that other companies are thinking about trying to acquire it, a possibility of a huge deal in agriculture and chemicals. Gop leadership, paul ryan meeting with donald trump. Trump has arrived at rnc headquarters for his key meeting with the House Speaker as they work to find a way to unify around trumps candidacy. We go outside rnc headquarters where protesters are now gathering. Good morning, john. Reporter good morning, carl. Donald trump did arrive a few minutes. He was greeted by protesters. We have not soon paul ryan, though he is not known for being late. We would assume that meeting is now under way. Its an important meeting for donald trump to begin to unify this priority. Senate Majority Leader Mitch Mcconnell has decided the best thing to do to protect his majority is to endorse donald trump. But paul ryan is a politician wh ....