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Intels weakness, one of the reasons the dows down 19 points. Return of the bank tax. Dave camp, hell join us exclusively coming up to talk about whether his Controversial Bank tax plan could return to washington as part of tax reform. No good vibrations there. President trump meeting with his cabinet as we await the Congressional Budget Office score of the gop. Kayla tausche is at the white house. Will fred, it is the first meeting. The thing about this meeting is that there will be four empty chairs. Four positions that have yet to be confirmed by the senate. The secretary of agriculture, the director of national int intelligen intelligence, labor secretary and u. S. Trade representative. The hearing for that post is delayed so the chair of the Relevant Senate committee can head to his home of tennesse ....
Amc entertainment says a lack of summer block bust earls hurt the bottom line in the latest quarter. Well talk to adam aron in a first interview about that and his companys merger plans. They have a lot of mergers. Breath taking is the word he uses to describe this. Tesla reaching that deal to buy solar city. Well look at what it means for shareholders. Lets start, though, with oil. Big mover today going lower. Yak i can deangelis tracking the action for us at the nymex. Good afternoon to you, bill. We settled higher than 40. But we did get down to 39. 82 and shows the momentum is there. 40 is a key psychological and Technical Support of oil prices. Lets see why we rose and why were falling particularly so early in the season. The demand for summer driving gave us an uptick. We got up to the 50 range, the dollar supportive. Everything seemed fine. On the downside, why we fell is because we had a crude inventory glut that create ....
Preorders for the new iphones were coming in strong. Could the ipad pro be causing problems next quarter, thats coming up. Plus theres the fed. The decisions impact on biotech of all places. We will break down how thursdays big meeting could shake up that sector. Plus weve got two stocks that could break out no matter what the fed does in that space. We will tell you what those are in just a moment. We will start with alibaba whose shares with falling, down 3 right now after bare rons put that report out saying the stock could fall another 50 in price from here . In the past alibabas jack mau has said he doesnt pay much attention to the companys stock price. Listen. I dont watch t i think we will let the market take care of themselves, we should watch and take care of the business. When it goes down im not excited, when it goes down im never depressed. This is how people look at and what we should focus on is our business, our customer, our employees are the same. What are you going to ....
Do van hour heft o go in the session. Looking to see if we can continue this run thats making front pages. The s p adding record territory again. And same for dow. Nasdaq up 17 points for his part but were note braking out the nasdaq 5,000 hats just yet. But they are being made for that day it comes. And yes it is finally hitting newspapers. Lets talk about the closing bell exchange. Rick santelli and others join us. Good to see you all. Pat powell we are just joking here. I said we got 18,000. Can we do 19,000 by new years eve. Are we at the point where were expecting this just to continue . Is there complacency . There is always at year end. Year end you always have the things that are in motion stay in motion. There is window dressing. Tax loss selling so year end is always a little quirk kirky. And this market seems to be floating up almost effortlessly. I think the new year new gain. You think we grind a little more. I think were going to float up for the rest of the year. What do ....