Teleconference releasing results of the Fourth Quarter ceo outlook survey. Finally today, the International Olympic committee will meet in switzerland to decide on russias per dissipation in the 2018 games and south korea. Their decision is expected at 1 30 p. M. Alix that will be interesting. David there is a drug thing going on. Alix i would like to be a fly on that wall. Top stories this morning with first take, Deutsche Bank, tax reform and brexit. Joining us is the editor in chief of Bloomberg News and our chief content officer. Marty, what is Robert Mueller trying to ascertain with a subpoena . We do not at the question of the relationship between Donald Trumps businesses and Deutsche Bank has been subject of inquiry ever since he became a president ial candidate. Totsche bank has refused comment on the relationship, but now he has turned over documents to Robert Mueller and the thought is it is the relationship between donald trump and russia and whether those loans had any conn
We got to look at the markets, 30 minutes into the friday session, one of the last of the year. Julie hyman is here and we are higher. Records again, at least on a closing basis, for the dow and the s p. A nasdaq not quite getting there. A list across the board for the three major averages. If we break it down and look at individual components, we will see strength as well. In retail, for example, both on the supermarket side as well as on the Specialty Retail side, we are seeing strength today. Costcosupermarket side, leading gains after the company came out with earnings that beat estimates. The Company Reported another quarter of increasing comparablestore sales, or i should say another month, 14 months in a row that costco has seen games in that area. In addition, membership rates are holding steady, which is better than cosco had anticipated. It is higher. Walmart and target are also getting something of a lift. Outside of supermarkets, looking at Specialty Retail, were looking at
In the wake of the tax bill, mostly passed, the dow and s p 500 are now rising. They had been wavering. The nasdaq falling as we see tech stocks under pressure but financials have been getting a list on perception the tax plan will be especially good for them. We have been watching upward momentum on the s p 500. If you look at the bloomberg, this is the ratio of the s p 500 to its 200 day moving average, trading well above that level. In terms of what percentage, by what percentage it is above the 200 day moving average, you can see by that metric, the s p is not necessarily stretched as folks figure out how much more the rally has to go. We have other related movers today. Fedex, speaking of taxes, this company says their profits will be higher than estimated as we see record holiday shipping. It is also potentially going to get more earnings as a result of tax cuts. Blackberry out with its numbers. Winning new customers from government and private firms. Their revenue coming in ahea
10 18 03 this is a test caption from the national captioning institute. 10 18 07 this is a test caption from the national captioning institute. 10 18 11 this is a test caption from the national captioning institute. 10 18 15 this is a test caption from the national captioning institute. N. Rate in 2011. He now says 37 is too low and helps the rich. President obama suggested bringing the corporate rate into the 20s. They could not get it done. We did. We will work to make the middle income side of these tax cuts permanent because we know middle income families will benefit kevin . Benefit. Kevin President Trump is set to sign that tax bill in 30 minutes. He is able to do that because lawmakers have kept the government funded for one more month. They have a lot to do. In terms of setting the calendar for next year, what is the number one priority of this administration for next calendar year . Tony infrastructure is a very big priority. It is something we will be focused on. There are tr
Games once again hire for a fourth day in a row with the dow, s p 500 and nasdaq set for record highs, putting in another round of alltime highs today. Take a look at dow transports, leading the major averages about. 6. The animal spirits seem to be stirred and on the week, big gains. 4804, theset g btv are the weekly games or declines for the s p 500. , the best game going all the way back more than one to last december after the election. The year starting off with a bullish bang. Said noago, one person matter the negative news, citing President Trump talking about nuclear war, the market still goes up. It will be interesting to see whether that happens and what triggers it. 500 and to the s p nasdaq gains, we have a nice rally for the railroads, especially union pacific. Analyst at Wolf Research upgraded this space on the possibility of strong precash flow. That is a similar mark to what we saw yesterday out of citi, where analysts say the Railroad Business is set to benefit from ta