let's see, we're up 82 on the dow, 19,965. yes, dow 20,000 is certainly a possibility.et there? we'll see. we have a team of traders in just a couple of minutes after jeff's report to talk about that, but with germany as we talked earlier in this hour holding vigil after the deadly terror attack yesterday, the nation is searching for the killer, it has american cities beefing up their own security at holiday events and a german-style christmas market takes over in daly plaza in chicago at this time of year, every year, it's popular, tourists, locals, but after what happened in berlin, security will be a bigger concern, it is a bigger concern this year. so jeff flock is there and what are they doing in chicago this year kind of protect? i guess the copycats, right? >> well, that's what they're concerned about. look, doesn't this look very much like the scene in berlin? this is a target, it's capitalism, it is christmas, that's christian, and it's a wide-open place, but as you can see, people undeterred. this is the busiest dayo far of the kris kringle market is what it's

dow 20,000. keep in mind, though, when the dow last closed above 10,000, back in 2009, it was kind of seen as an important first step on the road back from the financial crisis. now, as we stand on the cusp of 20,000, seven years late, we're looking at how industries have changed since then. perhaps none has transformed more than the retail sector. courtney reagan is here with more on how retail has really, really changed in just several years. >> really changed. since the dow closed above 10,000, that was on october 14th, 2009, retailers work tremendously on what shoppers see and the inner workings. this has fueled the top retail stock to spend more than 1400%. you also have to be camera ready now that a selfie could be snapped at any minute and shared on social media. that's propelling ulta beauty. amazon changed the paradigm and continues to move that target. if you bought amazon on october 14th, 2009, when the dow was sitting at 10,000, you made 692% on that investment. the ath also leisure c

nobody looks at the dow anyway. but for america, and i love america, it does matter. >> all right. >> thank you for watch iing "por lunch," america. >> "closing bell" starts right now. >> hello and welcome to the "closing bell." i'm kelly evans at the new york stock exchange. >> and i'm bill griffeth. we came within 13 points of dow 20,000 this morning. and of course, now, we're, what 52 points away. but anything can happen in this last hour of trading, of course. and we're going to follow every move, bring you the money managers to debate what's worth buying, maybe more importantly, what they may be selling at these levels right now. >> hedge fund giant ray dalio says the trump administration could be, quote, reigniting animal spirits and that could be sparking a cycle in which people can make money. the details for what he had to say and what it means for this rally, coming up. >> plus, what one guest says is the single biggest factor for stocks going forward. and he'll tell you what that is and what it means for

points in the dow. oh, about, do the math, 45% of the reason the dow is up is due exclusively to these four stocks and that is the main thing happening here. other major factors contributed to it. oil turned around. remember, we've had crazy move in oil in the last few days. we were almost $55 on monday, we eventually moved down to $50 today, almost a 10% move the oil in the last several dais. we started down, exxonmobil, chevron, all the big oil names started down, but as oil started turning around or at least trying to bottom, those stocks came back, so exxonmobil was positive and now it's flat. chevron up a little bit. then at the same time right at the open, weakness just turned around immediately in the tech name. so apple started moving to the upside and intel started moving to the upside. let mex plain why i think we have a shot at moving. put the dow up for week. in the last several week and a half or so, there's been a tendency for the market to rise going into and immediately after the europea

not dow 20k. 20 thou because it rhymes with dow. dow 20 thou. >> all right. >> whatever you want to call it. whatever you want to call it. >> okay.

dow futures are up 3. we are keeping a close eye on dow 20,000. ubs director of floor operation art cashin and his holiday tie joins us next. much more "squawk on the street" straight ahead. >>> u.s. equity futures are point slightly higher on this holiday week of trade. let's bring in art cashin. coming off of seven straight weeks higher for the dow, art. what are you going to be looking for in today's trade. >> earlier in the program you guys brought up some of the seasonal indicators that we look at. so we're into the santa claus rally right now. and after the new year, we'll start looking at the first five to seven trading days of january, also a seasonal indicator. now, the reason they could be important is that the senate has promised to begin hearings on some of the cabinet members. so we can maybe get a little bit of a flavor when they discuss mr. sessions and whatever. one of the anxieties down here has been as we get to the inauguration, will the market begin to give up, seeing that, once again, the rumor or the hope was better than the

dow 20,000. the watch is in full effect as the blue chip average moves closer to that level. we are up 21 points right now. we need 38 more points. we will talk about what it will take to get us over the threshold and which potential santa claus rally stocks could lead the way. >> if that makes you bill murray. oil higher today up nearly 50% this year. a look at which names in the energy sector can keep fuelling your portfolio. >> i got you, babe. >>> and president-elect trump wants a tax holiday to encourage american companies to create jobs from cash that they bring back from overseas. will companies just end up using that money to reward shareholders with stock buybacks? we will hear from both sides of that debate later. we start with the dow's post holiday run. bob pisani standing behind us. >> and it is groundhog day. we went up 25 points. it's pretty narrow right now. remember the leadership still in tact. biggest stock on the dow price weighted index. it's seven to eight points. caterpilla

not dow 20k. 20 thou because it rhymes with dow. dow 20 thou. >> all right. >> whatever you want to call it. whatever you want to call it. >> okay. >> the retail investor loves this sort of thing. >> it's something we all talk about. none of us benchmark to the dow on this desk, but we all watch it. nonetheless, it does bring in a lot of individual and retail speculative paper, which is great for the markets. now, the question is, of course, mel, a close above there staying above there, pushing higher, or is it just you hit it, and come off, which is what we usually do in big numbers like this? it doesn't feel like we've got the momentum, but people have definitely tried to push it today. saw a lot of fas. they tried to drive that. that's a triple levered etf. tried to drive it right away in the morning. didn't get there. it failed and came back. got within 20 points. we'll see if we make another assault this afternoon. >> in terms of the participation on the retail investor, we're really seeing the outperformance in today's session

is today the dow 20,000? the dow futures this morning are a beloved.here's certainly some optimism on this market. looking to the downside and the nasdaq down a half of one point. we got the shortest session because 10,000 to 11,024 days. we're only 19 session since we had 19,000. maybe another record overall. lauren: a lot of energy behind the move upward. toilets up getting 2.5%. that again today getting half of 1%. 53.57 a barrel. gold at $2.1135 an ounce. nicole: germane to lend to have come together after two years of negotiations. companies have agreed to merge creating the industry's biggest player. we will have a combined market value of $67 billion. the industrial gas business provides gas mixtures such as helium, oxygen, also it's a based in connecticut that the stock fell after the deal was announced. lauren: when it comes to drug delivery come in the future is here. 711 did just this. amazon and google delivery services have been admitted off off the ground and u.s. come and 711877 successful deliveries to customers in reno, nevada last mon

the dow was 1,000 and in 1982 the dow went on a 18-year run and went from dow 1,000 to dow 1000, that includes the crash of '87, where we were down 22% on the dow in one day. but the fact is, the market went up ten times. now, i'm not suggesting that that's going to happen again. >> how high does it go, teddy? the next milestone, let's get to 20, 21,000, where do we go? >> i would simply say i saw the dow at 500 and and i suspect to see the dow at 20,000. the message is clear no matter the politics, no matter what's going on, the u.s. economy is the 800 pound gorilla and owning stocks over the longer term is a smart thing to do. >> and teddy, turn around, your friend is doing a dance behind you, there's energy on floor the new york stock exchange and in america and it's playing out behind you, teddy. >> well, there's energy everywhere because this election, whatever you want to call it, relief rally, call it what you will, clearly, i think was a game changer. nobody knows what the future holds, but we've got a shot the saying major changes economically and that's a plus for the stock

the dow came within 13 points of dow 20k.ettling back a bit but obviously that dynamic will lead coverage today as it continues to be a tease. meanwhile the nasdaq did hit a record high of its own as some money is flowing back into the tech sector. meanwhile we do have russia's ambassador to turkey, as you know, assassinated yesterday. richard engle is in turkey with the latest on that. richard, good morning to you. >> reporter: good morning, carl. so a team from russia has arrived here to investigate. russia and turkey are cooperating on this. they are stressing that they don't want this to drive a wedge in their relations. in fact they're saying they want this to help redouble their cooperation to fight against extremism, to fight against terrorism. there was an emotional somber memorial for the ambassador as his remains were loaded onto an aircraft in ankara to be repatriated back to moscow. we're learning more details about the gunman. this was an extraordinary event. i can't think of a similar one, where the assassin kil

dow futures are up 5.s record rally after another record close for the dow and the s&p? stay tuned. you're watching "worldwide exchange." th is nage my portfolio. i aess tokay. oils, marketand kets i'm ugged to equitie tre confme and i have global acce 24/7. meaning i can dodowhat , and ithen i can fus on 24/7. what i wanto do. bo is more absbent,for mom"to sg futures per rollou. sohe roll can st 5 longeran then so you get more "le" per roll. >>> welcome back to the must read section. my pick is by ken roguff. titled the trump boom question mark. it's an excellent balanced piece of where we could be getting things right, where we could be seeing a big boost to gdp next year and some pit falls and risks in terms of the bullishness. he writes the world is a risky place if global growth collapses u.s. growth could suffer severely. still it is far more likely that after years of slow recovery the u.s. economy might at least be ready to move significantly faster at least for a while. i would say that's his conc

the dow fell back.inancial stocks like jpmorgan and goldman sachs led the charge, but weakness in consumer names like procter & gamble and johnson & johnson halted the advance. no matter, the trend in the market is up for two reasons. this powerful season force and momentum. seasonal forces because the last two weeks of the year, the market tends to rise. momentum because the market has been moving since the election on hopes that a division of tax cuts and fewer regulations and massive stimulus program will improve the economy and particularly translate into higher earnings for u.s. corporations. these two factors mean traders have been reluctant to sell stocks, so instead of selling and getting out, they sell one sector like bank stocks and then go and buy another one like technology stocks. this is called rotation. and while the market may just move sideways for a few days, it doesn't sell off to any appreciable expense, at least not so far. for "nightly business report," i'm bob pisani at the new yo

boy, we're looking at dow 19,528. little bit later, we're getting him on the phone, the guy who called dow 20,000. meantime only seven teen more days to finish holiday shopping. consumers are ready to spend. that is clear for the data. things are not cheery for mall owners. look at this one. that was black friday in one mall in new york. matt shea, president and ceo of the national retail federation. tell us one thing retailers must do now to stop the grinch from stealing their christmas sales. he is live next. ♪ liz: breaking news. we need to point this out. all three major indices had been negative earlier today. at one point the dow was down 22. if you cycle through the s&p intraday that had been down about three. nasdaq was lower as well by about 25 which is interesting, because nasdaq is up about 62 points. why the reversal? let me get to a trader down at new york stock exchange. not just any trader, teddy. the biggest intraday swing since november 9th, what triggered this as best you can tell? >> i'm being told

possible dow 20,000.y have the hats, they have the optimism, they have the hope for growth here going forward. they have faith in the trump administration and a business friendly administration at that. so, there's certainly a feeling we're going to hit it. i talked to peter tuckman one the traders around here. i said when do you think we'll hit it? he said maybe the next five minutes. and some think the end of the week. we're awfully close, 10,000, 15,000, remember we dropped back down during the financial crisis to, 6500 near the crisis and now almost 20,000. stuart: 19 1/2 points away from dow 20,000, it could happen very, very quickly. >> and the financials, the financials. stuart: the financials are doing extremely well. we're literally 20 points away, that's all it. okay, we're going to make a big deal out of this. i never thought we'd get to dow 20,000 soon. is it that much significance, mike murphy? >> we always put the psychological numbers so there's a lot of significance on it, but i think past

dow's down ten.'t go away. >>> time for cramer and stop trading. >> huge rally in the natural gas stocks led by southwestern, which is almost pure natural gas. i point this out because i think people have to understand when we hear about the president saying banning the arctic, what we really have a lot of in this country is natural gas and we are blessed with mar seseilles utica, but cabinet is doing very well range and these are important and the reason why is because that's american manufacturing. you need pipes, that puts tens of thousands of people to work. and you need -- this is the lowest cost natural gas other than in kuwait, and so therefore it can produce jobs, we can't get that stuff from kuwait. it can ols produce jobs in big export market. it is the bright light of 2017. it's also a cleaner fuel. i know that people who don't like anything out of the ground, don't want to talk about it, but watch natural gas because 2017 could be the year of natural gas. >> interesting, on the first day

forget about dow 20,000. but dow 21,000 may be around the corner already. is the era of two drug price hikes coming to an end. we'll ask the ceo of pharma giant. and it pays to invest in these five companies. we have dividend stocks you may want to bet on in the next year. "power lunch" starts right now. >> welcome, everybody, to "power lunch." we're just 98 points away from dow 20,000. it is worth noting all three major indices record highs today. among the biggest winners, nike, ibm, apple, exxon and microsoft. tyler? >> melissa, i'm tyler mathisen. thank you for joining us. here is what is happening at this hour. apple's new air pod earbuds are now available on online ahead of the holiday rush. they hit the stores next week. nfib says it is small business sentiment index jumps to the second highest on record. and 85.5% of all u.s. airline flights were on time in the month of october. who had the best performance? hawaiian airlines, the most on time arrival. the worst, virgin america. michelle? >> welcome to "power lunch." i am michelle caruso-cabrera. we

take a look at that, very close right now to dow 20,000. call it what you want, santa claus rally, donald trump rally, the point is this is a major rally, a big one, and it's been happening ever since donald trump was elected president of the united states. these markets have been supercharged. we have watched them soar more than 8%, and 20,000 right now within reach. welcome, everyone, to "the intelligence report." pretty much everything higher across the board, lots of green on your screen. we're looking at financials moving higher, industrials moving higher, and isn't in the kind of thing you like to see, right? as we head into the end of the year. joining me with a look at dow 20k, michael block, connell mcshane and adam shapiro. straight to connell there, as we look like it might happen. you know, we've kind of been looking like it might happen for a few hours now. what are they saying down there? >> reporter: well, you know, it's interesting, i think there's a little bit of -- hey, let's get this over with, trish, because there's been

dow is up more than that.t would you tell people who ask you should i just put my money into an index fund next year? that's been the winning strategy the past few years. >> we had that huge transition from a market defined by monetary stimulus to one defined by fiscal stimulus. fiscal stimulus is a much more choppier market. i think it will be more difficult for the passive money and it's actually going to be a richer opportunity for those who can generate alpha. there's much more divergence across what sectors, what stocks within the u.s. equities will be winners. it won't be as easy as it has been. >> overall, jeegenerally the indexes will be flat? >> no my prediction is we'll be up next year. because of trump, i'm factoring in higher earnings and lower multiples as well. i think when you wash that through, you know, i'm expecting 2350 right now at end of the year but i may upgrade or downgrade dynamically because there's more political risk in some of these trump factors. >> we have to leave it there. than

here is the dow since the election. up 9%. this year the dow is up 14%. a good number, normal to pause right here. the most important stock, i said this yesterday, since the election, goldman, 24% of the dow rally. 400 points of the 1600 point rally in the dow due to goldman sachs here. what is the state of the market, the same for the last couple of days. we essentially topped out last wednesday there is no stock for sale. no big blocks being offered saying get out, i'm going to lighten up before the end of the year, nobody is doing that. everybody waiting for the dow to -- the markets to drop 5% so they can buy more. that's why i say the trend remains up. so instead of selling off, the market simply rotates and goes sideways and the problem here, guys, is we're not getting new leadership. everything is just kind of going sideways right now. still in good shape, though. pa back to you. >> it will happen. we hope you're right. whether we hit it today, tomorrow or next year, the big question remains, what is the smartest move for your money now, whenever w

the dow finishing at a record high. >> still 26 points away. >> from dow 20,000.he s&p closed about a point away from its own record high. futures are positive there. nasdaq also participating in the rally with tech really starting to heat up yesterday. we'll see if that continues today. nasdaq futures are up less than a point. early action in europe, a pause in some buying. they had run up those stocks to the highest levels of 2016. the german dax barely positive. everyone else in negative territory. i'm watching the minute down a half percent. that doubled oldest bank in the world goes limit down closing and halting down 18% on some liquidity concerns. the word from milan, as we heard from our reporter earlier, they are prepping a bailout that could come very soon. we'll keep an eye on that. so far not harming the rest of the sector and the market. as for the action in asia overnight, saw somes s spositi in shanghai and hong kong. shanghai closing up 0.1.15. >> oil prices right now showing some gains on the heels of some inventory data from private industry sour

that is one of the big reasons why the dow industrials are up and getting very close to dow 20,000. you saw right there the banking stocks, financial stocks. let me remind you, dick bove, one of the very few analysts whoever appear on this program, frankly we don't like analysts, i don't trust them, dick bove has been on the program device. both times he said bank stocks. they have been way up. he owns them. he is invested in them. he says they have a lot further to go. dick bove. liz: we have three financial stocks in the three, in the dow. american express, jpmorgan, goldman sachs. stuart: they're huge winners. liz: look at other ones are big winners, unitedhealth and caterpillar. watch the russell. what is happening here, that corporate tax cut comes in, the companies that get most of their sales in the united states are going to pop. we're also talking mid-caps. we're talking smaller, medical plays that get most revenues here in the united states. united and insurers are also a play on that. stuart: very tough situation for many investors watching this show now who are not at th

dow futures down 9, s&p down 2. nasdaq down 7. does this pause on the march to dow 20,000 continue?ning us from philadelphia is bill stone, chief investment strategist from pnc asset management group. a real twitter -- you nailed the twitter gift situation when it came to teasing your appearance today. congratulations, bill stone. after all the christmas and holiday cheer that you sent on twitter, when it came to the markets, do you expect the rally to pick up here? >> i would say, you know, some people laugh about the santa claus rally, it's a statistical anomaly that you do tend to get a good rally and it starts in technicalities tomorrow through the end of the year and the first two trading days of next year. on average, interestingly enough, we looked back to 1896, and on average you got about a 1 1.9% -- 1.7 return out of the dow. so we would get to 20,000 if those seven days if we got to that. forget about the 1.7, think about 75% of the time the dow is up during that time. we don't need much up to push us up over the 20,000. my bet is on we make it. >> bill, let's say we do m

can the dow do it? we are less than 300 points from dow 20,000. the dow industrials have 91 points, that's a session highs than an hour ago, touched 19,700 for the first time ever. we're at 19,706 and climbing. russell is slightly negative, the s&p is jumping, too. can the stock market flex muscle and dow flex real muscle to break 20,000? we're in the middle of all the action, we're going to break it down for you tick-by-tick, have you got to stay with me right here. >>> to the budget showdown that is happening this hour, the senate democrats right now and the republicans for a nail -- tooth and nail battle behind closed doors over the government spending bill. we are less than nine hours until a very significant midnight deadline and the stakes could not be higher. it could maybe affect the markets today on monday. we have a fox business exclusive with the man in the senate who's been in the chambers all day. all day long, republican senator from mississippi roger wicker with me in a firsthand recap of the battle inside the senate going on right

dow holding steady. we are 80 points away from dow 20,000. there is an old wall street addage you buy the dips and sell the rips. which stocks have ripped higher as dow 20,000 does approach. >>> and in the midst of the rally we have a mega merger with shareholders agreeing to a sale. what is next? we will talk to hue grant coming up. this is my headquarters. this is where i trade and manage my portfolio. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities- trade confirmed- and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. mobility is very important to me. that's why i use e*trade mobile. it's on all my mobile devices, so it suits my mobile lifestyle. and it keeps my investments fully mobile... even when i'm on the move. sign up at etrade.com and get up to six hundred dollars. >>> welcome back. 14 minutes to go and the dow is up 129 points just 75 points away from d

a huge influence on the dow. >> highest price on the dow. that is literally driving it. >> a laggard has been apple which would be symptomatic of technology which has been a laggard. there is that. look at the dollar index. you mentioned 40% gains since 2011. since the election it has been up sharply, as well. the ten year yield has moved higher, as well. we all know that. it has gotten into the 240 range. almost at 2.5%. what has gone down is volatility index. look at the spike before the election. got to 22 and now down to 11 here. >> and gold and gold mining shares. they have been pushed aside. and your utilities. >> real estate, utilities, consumer staples have come back. what is remarkable is four days in a row. stocks, they figure this is the all clear so i will keep buying going into the close. >> fear of being in is now fear of missing out. >> in the meantime, the rally continues. we close at records for the major averages. and you have the dow up 139 points today. stay tuned now for the second hour of "closing bell" with kelly evans

as we found back in the reagan days, you know, if the dow's 20,000, that means pretax the dow's actually0,000. and the extra ten is owned by the government. and i'm a private equity guy. if you take -- that's only for the equity. if you add the debt on top of that, this is really a bunch of companies that are worth what would be roughly equivalent $50,000 on the dow, half debt, half equity. >> uh-huh. >> you could lower the tax rates, just the corporate tax rates, and move the dow 10,000 points. you could lower the personal tax rates and really firm that up. especially the top marginal rate, the capital gains rate and the tax on dividend income. so i think there's a lot of ups here possible on the stock market. if they can deliver tax cuts, and if they can deliver on dodd/frank. >> john, that's all on the fiscal side. of course there's one key difference that perhaps is a little bit overlooked on the monetary side when we compare the start of the reagan administration and the start of the trump administration. and that's where interest rates are and the direction they're heading. of cour

. >>> the dow is set to hit 20,000. the dow industrials straddling the flat line, we are less than an hour from the closing bell. live from the floor of the new york stock exchange. happy to be back with you guys. let's start the "countdown." breaking news that is just hitting the tape over the past 28 minutes. president obama said enough is enough much his administration ejected nearly three dozen russian diplomats, some in the intelligence world but they are all based in the united states. in response, obama says, to what the administration calls russian hacking and influencing the american election process. we have sanctions that are related to thithat wne to tell you about in just a moment. i can tell you that the breaking news is causing chatter and movement on the floor of the new york stock exchange. the dow was making a run for the flat line. three points above. we can show you intra-day picture which the news broke, and you can see it immediately started to fall, down by more than 11 points and trying to claw b

there's the dow.albeit slightly off the highs of the day, still nearly 90 points and the financials. people keep buying these stocks. they just don't -- >> because the valuations are low. in some cases, you're get iting yield and you go back to last quarter and start to look at this quarter. fixed income trading, you start to look and say to yourself, they've run fast. they've gotten to the upside very at a rapid pace. but there's still nor room to the upside. >> you like this group? >> regulation. rates. better. taxes. better. shareholder return. huge and growth manager rs now saying i might get 20% earnings for the next couple of years. >> pay scale for cheap strategists. >> and there my be more money. >> more money with less people. nobody expected that last quarter. these financial, i think they still have tons of room to grow. tons of room to grow. >> what do you want me to say? every day we've been talking on this show. >> yes, sir. >> you noted, i know you want to talk about it and just do it q

right behind it probably is the dow jones trim average. so in terms of forging perceptions about the economy and the outlook for growth, financial markets how the dow fairs matters but of course it's just a number. >> when you think about the day that that we got this morning on a surge of consume confidence and home prices rising, as well, what is the economic data telling you? >> that surge in confidence interestingly the highest in 15 years was mostlily on the back of higher expectations, how consumers assess the present actually declined. and that is the challenge for 2017 and beyond. the move in stocks of course reflects optimism about trump and reflects a view that economic growth in the short run will be boosted. but for financial asset prices to continue moving, particularly for equities to rally or for bond yieldses to continue rising, there has to be a permanent change in the trajectory for economic growth. beyond what pimco has called the new normal. the few normal is a run rate of about 2% or so. so to get it back to the old no

the dow is up a little bit more than 1% typically and that's more enough to get us over dow 20,000. since the middle of the month the momentum has essentially stopped. market leaders like the banks and industrials have stopped going up. there really hasn't been any consistent leadership to take their place. so what's wrong? really nothing's wrong. the markets have had a big move up. the s&p 500 is up more than 6% since the election and it's perfectly natural for markets to pause, consolidate their gains after such a big move. the problem is the markets have paused with the dow just shy of its big round number and it's the last little bit of suspense for the year. one key point, don't expect big gains in your portfolio this quarter if you have a balance waiting in stocks and bonds. the s&p 500 is up a little less than 5% this quarter but the overall bond market is down a little less than 5%. so if you have half your assets in stocks and half in bonds, you're basically flat for the quarter. think about that. for "nightly business report" i'm bob tasani at the new york stock exchange.

also worth noting the dow of today doesn't look like the dow of '99.ack then we had alcoa, at&t, citigroup, gm, hp and the stock formerly known as phillip morris. today, apple and goldman sachs. you've also got nike and united health. home depot, microsoft. so, melissa, a slightly different feel with today's dow in our stroll down memory lane. back over to you guys. >> absolutely. thanks so much, dom chu. dom at headquarters. okay, so i guess there is a couple components to this. when we think about 1999 and when the dow crossed 10,000, and within dom's hit, implied we sort of just stagnated for many years after that. do we have the same setup as we cross 20,000 in your view? or things much different? >> i think things are much different. there was a part -- i'm not exactly sure. there were some numbers that were crazy in that 10,000. that were really ridiculous and then some value stuff that just traded terribly. i don't think we have that same kind of dispersion. i mean, i don't know. pets.com at the time was trading -- >> right. >> literally deliver

the single biggest reason we moved to dow 20,000.ndustrials like ge, caterpillar are also big movers, and they basically stop going up. >> yeah. >> so the leadership that's come in recently, some of the energy stocks, chevron is at a 52-week high today, for example, exxon, but that hasn't been enough to move things forward. some of the consumer names, procter & gamble. we're sort of just passing around all the sectors to. there's nothing breaking out and rs forring the markets. >> what we've seen is the huge moves in certain sectors. we haven't seen the sell side at all at the end of it. >> there's no leadership, but there are individual leader sector groups during a day, during a two-day period, but that's all we're getting. we're not getting the huge break-out. >> my point is the trend still is up. the trend is not down. the momentum is on the side of the optimists and the bulls still. >> his campaign was caught on this. >> are you optimistic that we are going to see an expansion of earnings because all of this tax cuts, lower regu

dow is price weighted. good to point out what stocks are impacting the dow, how they're moving forward or holding it back. look at the big movers. dow up 23, 24 points because of four stocks now. goldman sachs and apple, they're about 7 points. ibm and merck, four points more. there is eight for the two of them. 16 and 8 is 24. that's why the dow is up 24 points. in the meantime, most of the rest of the dow is on the flat side. there is a few holding it back. so boeing, down there, fractionally, that's about five points on the dow in the other direction. negatively. travelers maybe two. nike, procter & gamble, flat line. only four, maybe five stocks i would sabo iy boeing -- it is important that the final phase of the 20,000 is the trump rally and largely financials. talked about goldman sachs, 25% of the dow move since the election is goldman. jpmorgan adds another few points as well. united health had a good move up. there is a third financial stock, travelers. at the same time, the low volatility names,

dow 20,000.e lamb. one of millions of orders on this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be open & secure. because no one knows & like at&t. >>> dow 30 heat map. and, microsoft, intel, 3m, coke, disney, and procter & gamble, the only dow components in the red. >> i think that nike -- i've been waiting for that sleeping giant. obviously there's been foot locker has been saying, look, there's a lot of confluence there among under armour and adidas and nike but that is a laggard that would be a catch-up play without -- this is something interesting, guys. ba? just a catch-up flight based on nothing. you used to see that in the '80s or the mid-'90s. >> at this point there are only three dow components negative for the year after disney's run-up,

dow 20,000.ot so long ago, like for instance, in february of this year, reaching that landmark number seemed a ridiculous idea. preposterous, even. not any more. today the dow jones industrial average came within 50 points. maybe tomorrow, might be not for months. but what we do know, to the roughly five weeks from the election and six from the inauguration of donald trump as president, the three major stock market indexes finished the session at all-time highs. again. the blue chip dow index added 114 points to 19,911. it's seventh straight record close. nasdaq up 51, s&p 500 gained 14. and later in the program, we'll look at what investors should keep in mind when stocks hit these big numbers. >>> but don't forget. tomorrow the federal reserve meets for a second day, and many expect policymakers to raise interest rates for the first time in a year. and the path of interest rate increases could be a pivotal factor for the market and investors. steve liesman tells us what some of the top economis

dow s&p, nass being da, russell

then went to dow 2700. then did visit dow 1500 five months later.as so -- people just said, that is just ridiculous. it was 1100 just a few years ago. i think that's a better analogy. >> there is the opening bell. at the big board, it's the u.s. air force celebrating its 70th an ver anniversary. big round of applause for the military officials coming in. we'll talk to the ceo later. good points overall about the psychology behind this number. >> you had to have lived through nasdaq 5,000 and recognized the companies that were valued at very big levels, you talk about info space, talking about wanting to be a trillion dollar company and ended up not being -- let's say, a question. there were many companies that were questionable. and i just look back at that period and i say that that was just one of those moments where everything -- where the animal spirits and individual investor didn't know how to handle the ipos. we're talking about companies that are o-line companies that could be getting an earnings boost. you look at the airlines. they've been

the march for the dow 20,000.ading sessions left if the dow wants to that it milestone in 2016, but wouldn't be the end of the world works it? maybe we'll get there eventually. shopping season is not over yet. is it ever? retail bracing for a flood of returns and hoping consumers will open up their wallets when they go in to exchange the gifts. and the reports of brittany spears death have been greatly exaggerated. sony music was hacked, the twitter account and it sent out some fake tweets about the pop star. that's not nice at all. details straight ahead. it's tuesday, december 27th, 2016 and "squawk box" begins right now. ♪ ♪ right now i'm stronger than yesterday ♪ >> announcer: live from new york where business never sleeps this is "squawk box". ♪ >>> good morning. welcome back to box right here on cnbc. happy holidays everybody. merry christmas. happy hanukkah. i'm andrew ross sorkin along with john kerry and michelle caruso-cabrera. we're back in the saddle. take a look as it's equity futures. the market look

we're within 500 points of dow 20-k. look at that we have big news that you would think would drive oil price higher but it did not. phil flynn has the task explaining that which he will do but first, adam shapiro picked a pretty good day to go down to the new york stock exchange to do some reporting. this is a big one, adam. what drove it? reporter: you could get a thousand different answers, traders were talking about very big program buys, one for one billion dollars for s&p futures. that was part of it. you saw the dow transports, they are up tremendously. some think that is real legs to the trump bump and trump rally. bottom line it is expensive market you but it didn't stop. we hit records. home depot up 3.2%. nike up 3.2%. ibm up 3%. american express up almost 3%. this will be the by the way the 12th record close for the dow since the election. 21st record close in 2016. some of the losers today, we can't ignore them, pharmaceuticals. johnson & johnson off 1.2%. america down 3/4 of a percent. eli lilly down almost

dow futures down 8. s&p futures up 1. nasdaq futures up 3. lot going on today, including the fed decision. news conference from janet yellen, dot plot from the fed, economic forecasts as well. the ten-year treasury note yield is sitting at 2.44. we're sort of within the range, towards the higher end of the range of where we have been. bonds look like a sell. the stock market continues to be a buy. >> the dow 100 away from 20,000. it is slightly down at the open. >>> the bank of japan's tanken survey showing an uptick in japan's biggest manufacturers, in line with expectations. not moving the yen at all. the dollar hit a ten-month high against the yen on monday. since then it slitted a bit. the dollar treading water across the board today as we approach the fed decision. asian trade as a whole, it is mixed to down. shanghai down about a half percent. globally the risk sentiment is one of just pausing. if anything there's a tilt to the downside on the european boards. early trading indicating a pause in the strength we've seen in european marke

making the run for the border, dow industrials got within spitting distance of dow 20,000. speaking of running for the border, president-elect donald trump about to make the run for the border of new jersey into pennsylvania. to thank the states for giving a hard-fought victory on election night. we've got our cameras there. we're watching trump tower, the minute he exits, we'll take it. >>> back to the floor of the new york stock exchange where i am live. the dow made 16 straight record closes, the blue chip index will finish in record territory. the number to watch, 19,911. we are not there. 19,873. up 80 points, the russell is helping the situation. when you have the little guys coming up from the bottom that helps russell 2000, up about 10 points. please, i need to look at the nasdaq. what is powering this index within just a couple points of new lifetime close? never seen before levels. technology is the shiny star on this days, i don't want to ignore that. within ten point of record close, look at xilinx, it is the best performer here, a programmable chipmaker, chargi

waiting for dow 20,000. dow futures down to nothing. s&p futures down to. we close at the lows of the day yesterday. you are watching "fbn:am." we will see you right after the break. ♪ this is your daughter. and she just got this. ooh boy. but, you've got hum. so you can set this. and if she drives like this, you can tell her to drive more like this. because you'll get this. you can even set boundaries for so if she should be here, but instead goes here, here, or here. you'll know. so don't worry, mom. because you put this, in here. hum by verizon. the technology designed to make your car smarter, safer and more connected. put some smarts in your car. lauren: 5:15 a.m. in new york. aladdin is. resume like donald trump at the new trade policy group to work at the white house. being called a national trait counsel and will be headed by economists. peter navarro, sharp article that the u.s., also the first economist. turns expected billionaire investor carl ipad to serve as special advisor on overhauling federal regulation. were the ceo of l.a. bowing to press

we're up about 121 points for the dow.need to see another 86 or 87 points, 84 or 5, depending to see that dow 20,000 level. all right, if you're not watching "countdown to the closing bell" tomorrow, i'm sorry, you don't care enough about your money. you have to be with me tomorrow because the fed rate decision is coming out 2 p.m. eastern, and then janet yellen's comments. she has that hourlong news conference. that starts at 2:30 p.m. it usually runs about 40 minutes and then, boom, we hit the ground running right here from the floor of the new york stock exchange for those final minutes there, and we shall see what happens, if market embraces what is priced in, most likely, as a tiny rate hike of about a quarter of a percent. to the corner of 56th and fifth, midtown manhattan, we are officially on trump -- let's see, caravan watch. as the president-elect is preparing to leave on that leg of his thank you tour any moment now, jetting off from laguardia airport in his jet to west alice, wisconsin. this on the heels of tru

the dow inching toward dow 20,000, we are less than 150 points away. not sure when we will get it. checking in on u.s. stock market futures. s&p futures down 1. lauren: check out nikkei in japan. two-thirds of 14% at highest level all year and in china shanghai composite up two tenths of 1%. nicole: oil holding yesterday but still holding about $50 a barrel. lauren: have you seen the dollar, 14-year high against mayor currencies. let's go to europe, the stronger dollar is almost equal in value to the intur -- euro. nicole: 2.56%, hovering around the highest levels in two years. lauren: fbi now investigating yahoo's security hack and reports today that verizon may ditch their deal to buy yahoo as a result. nicole: facebook ceo unveiled effort to wipe out fake news but will it actually work, take a look at that. lauren: the force is with us as disney latest star wars movie rogue opens, we will have a sneak peek. nicole: the short-handed new york knicks actually fall to the golden state warriors, we will all the highlights. lauren: a lot going on. december 146th, welcome to fbn:am, fi

the march to dow 20,000.ring a sixth straight week of gains as the trump rally rolls on. >>> driverless in detroit. gm's self-driving cars are hitting public roads in michigan. the next generation will be built in america. >>> and facebook announcing its plan to combat fake news stories. the social media giant wants your help flagging online hoaxes. it's friday december 16, 2016. "squawk box" begins right now. >>> live from new york where business never sleeps. this is "squawk box." >>> good morning. welcome to "squawk box." i'm andrew ross sorkin along with joe kernen and kelly evans is joining us. a look at u.s. equity futures, the dow opening up higher by about 44 points. the nasdaq about 6 points higher. the s&p 500 about 5 points higher. in asia overnight, japan's nikkei rising for the ninth straight session. we're not going to flip it around, it's frozen. maybe we can take a quick check on the ten-year? that's frozen too? let's do -- let's do the news. >> let's talk about the top stories. >> new this mo