One fed member indicated that he or she believes rates could rise a half percent at the december meeting, not just a quarter point. Surat, can stocks and rates both rise at the same time . I believe they can. The reason being that the fed has been actually pretty good at telling us what theyre going to do those expectations are baked into the market. The market hates uncertainty so whats driving this market and whats driven this market since last july are earnings global earnings are doing better and i think theyre going to continue to do better. And if rates move up but they dont move up faster than expected, i think you will see the market go up multiples might not expand because i think theyre pretty high levels, but if earnings expand, then stocks grow into those earnings. John, listen, in 1994, the Federal Reserve raised rates by 2. 25 . In 1995 the dow rose 33 can we do it again we can. Can or will i think we will first of all, can we go up when rates are going up weve done it be
Record books nearly half of the dow 30 are up nearly 25 over the past year. Three of those stocks making investors more than 50 in their money in just 12 months. One of those, United Health, posting another bigly gain on Solid Earnings and President Trump, you may want to hear this. Unh shares now up 511 since the day obamacare was passed wow. Streaming, studying and snacks also on the move today netflix saying it will spend between 7 and 8 billion on new content. Education Company Pearson boosting its profit forecast and corn dog maker sonic beating profit estimates michelle corn dogs youve got to love a corn dog. Im Michelle Caruso cabrera. Heres what else is happening at this hour. Canada and mexico both expected to firmly reject u. S. Nafta proposals but will offer to keep negotiations going thats according to two people who were briefed on their positions. Meetings are set to begin in just about two hours reports indicate President Trump is likely to announce his pick for fed chai
The army corps of engineers is still looking at whether or not building the last section could jeopardize clean Water Supplies and ancient tribal lands. Here in San Francisco hundreds have gathered in front of city hall and marched down Market Street. Pete, clearly there is a lot of passion over stopping this project to the point where they have blocked off traffic. Reporter good morning, guys. What the protesters just moved from the area on Market Street between van ness. In front of the u. S. Army corps of engineers building. Theyre in front of the civic center right now. The hundreds or actually thousands of protesters were in front of the building, the u. S. Army corps of engineers which recently announced that more analysis needs to be done before any construction of the pipeline is completed under the Missouri River. Thats the point of contention with folks out here saying a pipeline with crude oil under the river would contaminate the water supply of the Standing Rock sioux trib
Tape is still up at this very moment near 15th avenue and southern. One doesnt Police Officers are on the scene. At least one person has been taken into custody. They came out of the home without incident and this turns out to be related to a Sexual Assault investigation. It did not happen at this home, but this is still an active investigation. Now to a Traffic Alert in the deer valley area. We spotted two fires burning off the loop 101. This is a car on fire and we were rolling on our adot camera as true crews worked to put it out. At this point it is not going to affect you on the 101. All of these flashing lights are completely off of the freeway in each direction. Traffic. The same goes for the entire valley. We are seeing all green, but i do want to give you a heads up about some ramp closures this morning in a few minutes. It can be easy to forget how dangerous the roads can be. Motorcyclist was killed on greenway road west of i17. Several people saw this happened in the driver
Look at these images. This is from our adot cameras as a truck catches fire sitting right here near the loop 101. Abc15s katie conner is at the scene. Is anybody inside, katie . Reporter fortunately, nobody was inside. Police think this was a stolen truck. Drivers on the 101 saw these massive planes burning burning. Fortunately crews were able to knock the flames out. Dps was searching for the suspect. The search has been called off and it was all throughout the hills. No one was found. We do not know when the was stolen. They just brought it away but we are working to learn more about who this may be tied to. Students are hoping to dry out after a water main break flooded asu. Justin pazera is live on campus. How is it looking to get things cleaned up . Reporter you know what, it is pretty dry right now. But what a mess as students have to pick up all of their things and head out. The pipe actually busted on the fifth floor and all of the water started to trickle gravity just pretty m