Africa is a fascinating story. Votes are being counted for the election. It looks like the more market friendly candidate is going to win. The u. S. Dollar is weakening against the rand. We will catch up with that later in the show. Peso, a big day for emergingmarket elections. It is viewed as market friendly. It is also viewed as looking at the next index down, despite the fact we are getting so much information about the tax plan, about different political developments. David nothing well bring the vix up. Lets get an update on what is making headlines. Trump will do clot declare china a competitor in a speech. His speech will be heavily influenced by his views on trade and economic relations. He is expected to outline economic actions that could target china. In atlanta, power has been restored at one of the busiest airports after a blackout that caused thousands of flights to be canceled. Power says a fire caused extensive damage in an underground facility. Delta says it will opera
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
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
But it did not close above that level. We saw the major averages give back by the end of the day some off the morning highs well keep a close eye on this this morning green arrows indicated once again this morning dow futures up by 57 points. S p up by 4. 5 points the nasdaq up by 8. 5 points. Look at asia, the nikkei gave back some grounds. Hang seng up by 0. 7 the shanghai was up by 0. 9 . Then if you check things out in europe, its a mixed bag ftse up by a quarter percentage point. The dax and cac are weaker stocks in italy are down stocks in spain slightly higher. Check out crude oil prices you will see that crude oil looks like it is up about 29 cents. 47 57. 45 for wti. We are watching a couple big stories this morning were learning more about that deadly amtrak crash in Washington State yesterday three people were killed, nearly 100 more injured when the train derailed the ntsb confirmed that the train was traveling at 80 Miles Per Hour in a 30mileperhour zone the crash left sev