Gains of the day two weeks ago the dow hit 25,000 for the first time now lets get to bob pisani on the floor. I want to point out the dow is price weighted, the biggest prigs stocks te price stocks tend to move the index. Let me show you the five dow stocks that contributed most this is a 1,000 point gain from 25,000 to 26,000 boeing is 34 of the gain. One stock is a third of the gain caterpillar, united health, home depot, 3m. Eight of the highest priced stocks in the dow. Put it together, 60 of the dows gains from 25 to 26 were five companies five out of 30 companies here. What is more interesting is the days to the rally are getting small eastern smaller. Each 1,000 point increment is getting small eastern smaller. Look, it took 109 to go from 21 to 22,000. After that, 53 dpays to go to te next 1,000, 23 days, 7 days. You get the point. This is more than just easier to hit the target this is definitely an acceleration it is euphoria, some people say it is. But its an acceleration th
An 11 rise in exports for january. Still both were higher than economists expected. Over in europe, a check on how were doing there. The dak dox down better than 1 n germany. Down about 1 across the board in political news, well, you want to look at these first . What . Treasuries. Of course. Dont want to jump past those. The tenyear it was sitting there. I didnt see it i was so excited for the political news 2. 831 is the number on the tenyear recent high was 2. 88 that happened in the midst of that payrolls report then the market turmoil. After that soft auction yesterday and the budget agreement with the raising of the spending cap, thats when you saw yields take that little bit of a jump higher should we do political news now . Lets do it the clock is once again ticking in congress. Lawmakers having until mid night tonight to pass a spending bill and avert another Government Shutdown this time theres a major bipartisan budget deal in the work democratic and Republican Leaders in th
Major averages are moving higher we have a panel of experts coming up here shortly. Dont forget about earnings we have a bunch coming our way after the bell, including disney well have an exclusive interview with ceo bob iger. Looking forward to that. First, though, theres also some news out of washington at this hour lets get down to aeamon javers with remarks from the president. Reporter it came about the dangers of the ms13 gang. The president talking about immigration saying he ultimately might want to shut the government down if he cant get a deal on immigration this week. Heres what he said. Id love to see a shutdown if we dont get this stuff taken care of. If we have to shut is it down because the democrats dont want safety and unrelated but still related, they dont want to take care of our military, then shut it down. Well go with another shutdown reporter the president there seeming to embrace the idea of another Government Shutdown on february 8th, later on this week thats th
Good wednesday morning i am carl king with jon fortt. Dow is up 128. Tech sector leads the s p. For more on tech, bring in Victor Anthony and elly wheeler, partner. Welcome to you both. Welcome to tech resilience in the face of the selloff, even though we can parse, fang, talk about underperformance within that right i mean, there are certain names that are underperforming facebook and alphabet. Ironically, those are two names with multiple support but they have secular growth drivers. From all of them, market share gains across the board, ecommerce and advertising but in the case of netflix, subscriber growth that continues to be strong i am buying alphabet, a buy on facebook and amazon. Hold on netflix for now. But i am optimistic bought all these names. Facebook and alphabet, were talking later this hour about regulatory threats do you think thats effecting them, those two in particular . I think for alphabet, eu overhang has been an issue for several years. It will continue to be a
The first officers heard the gunshots and they still ran through that theater. They do an amazing job protecting us every single day. Im grateful for their heroism and i think well hear other stories from folks inside the theaters as details come out. Were switching gears this morning. We have breaking news right now. It is now official anthem is buying cigna for 188 in cash and stocks. The transaction valued at 54. 2 billion on an enterprise basis. This of course, a transaction thats been long in the making. Weve talked about it over and over as other deals have come and gone. Weve seen etna now merge with humana. There will be issues and questions in washington about regulatory questions, about consolidation. Just to give you a couple quick breakdowns, its 143 per share in cash 0. 5152 shares in anthem stock. You might remember this deal was held up for at least a bit because of questions about the roles of the different ceos in this. Questions about what was going to happen to David