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Sure it helped but we were roaring long before that, thanks in large part to efforts of two brilliant chief executive officers stocks were high dow and nasdaq and much comes to the performance of two stocks, cisco and walmart. Which pleasantly surprised us with their numbers these are both turnaround stories people nothing proves worth of a ceo like executing a turnaround. Doug mcmillon, took over three careers ago and led remarkable revolution at retail giant where 100 Million People shop each week, monster company. First thing he did, drop a bomb. Told us would spend as much as possible to take on amazon, seemed fanciful at the time but said do with service and better paid work force. Understood the weakness was keeping good people. Training new people is dead weight raised price they paid people. At the time viewed as heresy now seen as brilliant. Walmart still run with input of the walton family. They want to win phenomenal 50 ....
Side. Yesterday democrats accuse republicans of just wanted to give tax breaks to the rich. Orrin hatch of utah lost his temper. I just think it would be nice tonight before go home to just acknowledge what this tax cut is not for the middle class, it is for the rich. And a higher think about higher wages is a good selling point. Companies dont just give away higher wages. Visible c this bull crap gets old. It is not right. It takes a lot to get me worked up like this. David but he did get worked up. In the end it made it out of committee but there is a lot to sort out to get support of the full senate. Joining us now is craig gordon and kevin cirilli. Greg, lets start with you. Is is unusual for orrin hatch to get this angry . It was a long session. Criag it was a long night any definitely got under his skin. Harvick is because the chairman is speaking the truth. It is actually quite unpopular out there in america. People have figured out most of the benefits dollar wise go to the wea ....
The dax in germany up by. 2. The cac in france is up by a quarter percentage point the ftse is flat crude oil ended down by about 19 cents for the week last week this morning its down another 17 cents to 56. 38. A couple big stories were watching geopolitics. Germans chancellor Angela Merkel said efforts to form a Coalition Government has failed. Merkel has been working for more than a month to work with the, quote, free democrats and the greens after losing ground to a far right party in the september election if a coalition cannot be formed merkel could form a minority government or call for a new election youre looking at the euro down. Big questions about whats going to happen in that country. Also, in Corporate News, Marvell Technology is reportedly ne ....
Want to get this done before roy moore or his democrat opponent takes the Alabama Senate seat on december 22nd. It is going to be very tight. There will be wheeling and dealing for every vote. Here is my opinion, we will get a tax cut deal done because i cant believe the Republican Party will say no and selfdestruct. Today, by the way, Goldman Sachs say the economies next year will be surprisingly strong, a separate goldman reports says wages will rise next year. Dont forget keith parker, at ubs, told us the market would keep going up if we do get that tax cut. Also today german politics in chaos, Angela Merkel cant get a coalition together to form a government and football, marcina lynch, he stands for mexicos anthem, he sits for ours. And the president hes tweetin ....
Global growth is steady. And inflation is low. For investors, that means there are few alternatives to stocks. Thats exactly where people are putting their money today. Sending all three major indexes to all time highs. The Dow Jones Industrial averag advanced to 23,590. Nasdaq gained 71 and the s p 500 added 16, closing just below 2,600. How much more is left in this stock market tank . Mike santoli takes a look. Reporter the economy is humming. The dow touched a fresh high. And hopes are building for progress on a tax cut after thanksgiving. A lot has been going right for investors. Its worth asking if the markets are close to using up all the good news. Stock indexes did manage to push slightly into alltime high territory on tuesday, but the move came after the broad market has been stalled for nearly a month. And its taken quite a lot of positive news to support the market. A measure of how strong economic reports have b ....