joe: i'm joe weisenthal. we are 30 minutes from the close of trading in the u.s. scarlet: u.s. stocks climbing on the signs of strength in the economy and relaxation on bank relations. joe: the question is, "what'd you miss?" scarlet: banks are driving the s&p 500 higher as trump takes executive action to scale back the dodd-frank law. onwill hear from ken bentsen the orders and the latest on the fiduciary rule. in an exclusive interview with bloomberg, the san francisco fed president says a march hike could be a possibility. his comments are coming up. now let's look at where the major averages stand as we head towards the close. abigail doolittle is standing by. aigail: we are looking at very nice rally for u.s. stocks heading into the close. dow, s&p 500, and nasdaq all nicely higher. the dow is back above 20,000, an

joe: i am joe weisenthal. scarlet: u.s. ocks climbing to highs and then retreating from those records while treasuries advance. joe: the question is what did you miss? scarlet: in politics, details on fiscal policy remain undelivered. conn's and ministration returns to court to extend the executive order banning some travelers from the u.s. disney will report its first quarter off -- first order offerings in less than one hour. finding a replacement for ceo bob iger. in markets, eyes another company. this time it is motorola -- motorola solutions. at where theok major averages stand as we head toward the close. abigail doolittle is standing by. abigail: ever so slightly mixed trading averages. the dow and the nasdaq trading higher. following the dow and the nasdaq putting in new record highs earlier this morning. a choppy session for all three averages ever since. it really exemplifies the dow and the nasdaq did not go negative only very briefly. the s&p 500 has been flipping between small gains and losses, telling us there

joe: i'm joe weisenthal. consumer safety stocks. joe: the question is what did you miss: oliver: details emerging about the treasury department saying it would allow business with russia despite sanctions. tracking the administration's rhetoric, and in finance, shares tumbling as earnings disappointed investors. on the hear from the cfo bank's plan to turn around the business. amazon reporting the latest on after the bell. will increase spending and hold back profits. we will bring you those numbers. joe: let's look at where the major averages stand. abigail doolittle is standing by. abigail: you can see we are looking at small gains for the s&p 500, reflective of the type of trading, small gains and losses. it is worth noting the dow and more in theare down last days. a five-day chart down five of the last five days. the first time that happened since last april and down the since the beginning of august. a bearish streak, as we are about halfway through the earnings season. we have so far seen 51% of the s&p 500 companies report, o

joe: i am joe weisenthal. lling phones on stronger retail sales and consumer price inflation numbers. joe: the question is, what did you miss? haslet: andrew puzder withdrawn himself from consideration as u.s. labor secretary. act on capitol hill telling my birth of the house that the economy is in pretty good shape and so are americans, even under dodd-frank. plus, we will hear from the regulatory what -- watchdog. this thoughts on the future of monetary policy and banking regulation. look at where the major averages stand as we head toward the close. abigail doolittle is standing by. moreil: another day, records are heading to the close. day five of simultaneous record highs. the s&p 500 now up 11 days in a row. that is the first time we have seen that winning streak since 2013. this is sort of interesting. the vix is actually trading higher isn't -- even as stocks are rallying. he just told the team it could have to do with friday plus, it does not take much to move the needle there. the yen has been flirtin

joe: and i'm joe weisenthal.to welcome you to closing bell coverage every weekday from 4:00 to 5:00 p.m. eastern. ended,: the street has the dow falling for the first time in 13 days, ending its 12 day winning streak. the s&p 500 losing .25%. we did get a ton of data today, but did it change the future all that much? joe: not at all. this is a quiet day. it's interesting that the streak is over, nonetheless. scarlet: if you look a different sector performances, come inside the bloomberg here. you can see that three of the groups are higher, utilities, staples, and materials. you neither here nor there, also have financials is one of and it didperformers not decline as much. we're looking at gains of 1% for the utilities and .3% for consumer staples. i also want to look at the vix as well. of moves of the last couple days have been minimal, but we've seen a little bit of a move higher in the vix, approaching 13. 12.82. the average over the pastor has been 14, so we are still below the one your average and certainl

i am joe weisenthal.carlet: stocks in the red. joe: the question is "what'd you miss?" scarlet: is the rally showing signs of falling? well. not in politics, a federal appeals court could rule as early as a saturday on president trump's executive order on immigration. could the legislation be contested in the supreme court? it'd finance, president trump may have signed executive order to scale back dodd-frank but lawyers and officials say it starts a long and complicated process. we will explain why. ♪ joe: let's look at where the major averages stand as we head towards the close. abigail doolittle is standing by. abigail: what we're looking at is very small declines for the major averages heading into the close. all modestly lower. nonetheless we're looking at a bit of a pullback after last week's mixed action. this is considered to be one of the growth year indexes. it is interesting to note it is down a bit more. as for what is behind the push on the s&p 500, these are the top pushes and drags. verizon

joe: i'm joe weisenthal. we are 30 minutes from the close of trading. arlet: and finishing the week higher for those business friendly policies. joe: the question is, "what'd you miss?" scarlet: in finance, the regulatory point man will be stepping down, amplifying the present ability to reshape the oversight of wall street credit and president trump's pledge to honor the one china policy may have averted confrontation with beijing, but did it roy in that ruin his reputation. joining usr inslee to discuss the order to halt the travel ban. ♪ joe: now we will take a look at with them -- were the major averages stand. abigail doolittle is standing by. abigail: solid game going into the close. nasdaq, s&p 500 and solidly higher for the second day in a row. and nasdaq of up, four days in a row. and the same story we had yesterday, more record highs for the major averages in the u.s., a bullish street. do not be surprised if by the end of the close we see higher levels for the major averages. this is a great chart put together by one of her colleagues cameron

joe: i am joe weisenthal. we are 30 minutes from the close of trading. arlet: the s&p climbed to a record after donald trump said he would unveil his tax plan. joe: "what'd you miss?" scarlet: stressing the importance of corporation for free and fair trade between america and canada. and in cabinet news, leadership vacuum at the treasury -- it is weighing on key issues like budget and currency issues. in economic news, janet yellen makes her semiannual testimony to lawmakers starting tomorrow. investigators are watching for any hints about the meeting and the fiscal policy plans. let's look over the major averages to the close. abigail doolittle is standing by. day, morenother records. looking at lots of green heading into the close. everyone is on pace for this close. the reflation hopes that the trump administration will help the economy more and help people through their gains with the press conference with justin trudeau. some believe there could be had ah talks about nafta border tax, but president trump alreadywill tweak an outstanding relationship

joe: and i am joe weisenthal.ning in live on twitter want to welcome you to our closing bell coverage every weekday. scarlet: we begin with market minutes. u.s. stocks rising to record highs yet again for the dow and s&p. the dow is up for a 12 straight day, the longest streak since january 1987. if you look at the actual percentage move, it is up about 4%. we not talking about a steep advance. joe: that is what is really remarkable about this. day up, but it is so common for not huge moves. scarlet: and there is a rotation going on. if you look at the group movers, you can see the best performance energy, real estate, financials. the worst performers, telecoms, utilities. this is a reversal of last week. performers were those names like staples and utilities. you are just seeing a return to what it was the previous week. i want to highlight steelmakers here. we're talking about u.s. deal -- steel. rebar futurester and shanghai surged. investors are betting there will be production curves ahead of a high level pol

joe: i'm joe weisenthal. u.s. ocks are rising to records today and the dollar resumed its advance. joe: but the question is, "what'd you miss?" amanda: the philadelphia fed chief says a march rate increase is not off the table, after cleveland's loretto mr. said the same thing. traders are a long way from being sure of a rate hike next month. and macy'salmart rallied after results from the holiday season exceeded wall street's pessimistic expectations. ad, tesla stock has been on tear, up 48% in the past three months. analysts considered tesla more overvalued than at any previous time. we will dig into the company ahead of its earnings. look at where the major averages stand as we head towards the close. abigail doolittle is standing by. abigail: once again heading into the close, we are looking at stocks not only trading higher but on pace of record highs. lots of strength for u.s. stocks recently, the dow, s&p 500, and nasdaq all higher. the s&p 500 is now on pace. the fifth week higher in a row, the first time t

joe: i am joe weisenthal. we will have closing bell coverage every day.we begin with our market minutes. there is the market application, we do not have a lot of news in the dow or the nasdaq create the s&p has had a little change. financials for different sectors. joe: another really quiet day. you can see there, the couple is up by a small of points. the bank of america losing 1% as well. that had company several takeover offers, you can see that it is up 12%. they are discussing their options according to resorts -- reports. we also want to mention nordstrom, this is a company -- name named jack dropped by president trump. president trump took to twitter to take displeasure at them dropping ivanka trumps clothing. they take a little bit of a hit. caroline: the antitrust people are going to run to nordstrom today. scarlet: nordstrom did come out with a comment saying, that trump decision was made by performance, her sales declined heavily in the last half of 2016. she was personally informed of this back in january. joe: let's talk about government bond

joe: i am joe weisenthal. amanda: the dollar is edging lower after the fed minutes. e: the question minute -- is what did you miss? amanda: fed officials more confident they could raise rates in the light of an improving economy. elon musk reports fourth-quarter the past fewres in months. tesla is overvalued than ever before. finance minister gordon holding his ground in a feud with the president over control of the nation's finances. we will hear from gordon later in the show. joe: fed minutes released today showed fed officials wrestling with uncertainty on issues ranging from the trump administration to the rising dollar. they also expressed confidence that a hike fairly soon might be appropriate. joining me now, matt, who covers the fed. takeaway fromig the minutes? matt: one thing caught my eye buried in these edits. the discussion about risk surrounding the inflation outlook. i want to read you the quick part here. some saw a risk that inflationary pressures might develop more record -- rapidly than currently anticipated. thought progress in achieving the 2% inf

joe: i'm joe weisenthal. we are 30 minutes from the close of trading in the u.s. julie: u.s. stocks near record highs as we enter holiday weekend. joe: the question is, what'd you miss? julie: president trump has been in office for about a month and despite the political chaos, the stocks have soared from one i to the next. it is the best month of stock performance under the first month of an administration since lyndon johnson. within hours of being sworn in, steven mnuchin's counterparts from tokyo to berlin warned him to be careful about how we talked about regulations. billionaire and dallas mavericks owner mark cuban tells us what he thinks about trump's presidency thus far. let's look at where the major averages stand as we head towards the close. abigail doolittle is standing by. abigail: hi there, julie, and happy friday to you, joe, and all our viewers. mixed trading action with major averages heading to the close. on ever500 has so slightly higher, following the nasdaq. recordwith another close. the dow remains down. all these averages are higher on the week. the s&p

joe: i'm joe weisenthal. scarlet: u.s. central bank officials holding the benchmark interest rate steady, but did it announce confidence among consumers? facebook reports fourth-quarter earnings after the bell. we will look at how instagram is ramping up, but advertiser gross could be heading at speed bump. backlash on immigration. i sit down with cornell university president hunter rawlings. u.s. stocks are modestly higher with the s&p up, if you rounded up, by .10%. joe: the question is what did you miss? majorlook at where the averages stand as we head toward the close. abigail doolittle is standing by. abigail: we are looking at small gains. in the u.s., we have the dow and the s&p 500 up fractionally, with indexes flipping between small gains and losses all afternoon, right now trading slightly higher. than .5%, is up more helped by its overweighting to apple. if themportant to note s&p 500 happens to turn back down, it would be a five-day losing streak for the s&p 500, and the longest such streak since november. it w

joe: i am joe weisenthal. "what'd you miss?"ing in live on welcome we want to wor you. julie: we begin with market minutes. take a look at stocks. major averages trading at records again. the russell 2000 joining the party for the second straight day. after more than a decade of not having simultaneous highs for the major averages, now we have had a string of them. a headline crossing, goldman sachs is closing at a record today, eclipsing its high from basisso both on a macro and a stock specific basis, records. goldman sachs up 1.3% on the session, the best performer in the dow since election. apple as well. hurts, apple up 1.25% on the day, another record as well. said itthe day, cigna was canceling its merger with anthem. anthem said you can't terminate the acquisition, so some back-and-forth, not clear what the outcome will be of this, but and thumb closing down .1%, cigna rising .6%. joe: let's look at government bonds, action all in the u.s., the two-year and 10 year higher on the day. :00 am, testimony from janet yellen,

joe: i am joe weisenthal, we went to welcome you. scarlet: we begin with a market minutes.ke the dow has ended the day at a record high. it is up ever so slightly. as we get the numbers settle down. joe: this is very unfamiliar. scarlet: the s&p was having a seven-day winning streak, they have ended. down just 1/10 of a percent. the dow is climbing higher. it is not climbing that much. joe: ticking. scarlet: it is ticking higher. as far as individual movers, we of theseng at some food companies. there were a lot of expectations packagedt would have food companies would merge. they said they do not need another acquisition to drive value. with monta lea's, craft, and general mills. in terms of earning season, that continues to roll along. holes -- to open new hotels and casinos. trip advisor missed problems, because of with investors anticipating problems. looking at cisco, they beat on board -- better than corporate demand. the company says their board is reviewing strategic alternatives. joe: there is a nice surge there. look at the government bonds. it is a fairly signifi

joining us is joe weisenthal.etween what treasury secretary midocean is saying and what we heard from president trump? is: it does seem like he going a little bit slower than what he would've said on the campaign trail. i think he also said they would move the industry in israel to jerusalem right away. that has not happened. there is a lot of things, branding china a currency manipulator, is like saying we are looking much better. oliver: that is to satisfy critics, right? joe: i don't know. he is disappointing some people, but i'm not sure if there are a lot of people who are currency manipulator voters out there. repealing obamacare, infrastructure spending, as you just talked about, tax reform, regulatory reform, it is going forward. pimm: has this just turned into politics? joe: was it ever? pimm: you find something that the other side said they were going to do, they have not done it fast enough, so you bash them over the head with it. a lot of people were held up and confirmation hearings. lisa: it is a who

joe weisenthal of bloomberg, and oliver renick, thank you. mavericks owner mark cuban on where he is putting some of his cash to work. from new york, as we count down to the open, that's 49 minutes away. from new york, this is bloomberg. ♪ "bloombergis daybreak," i am emma chandra. we speak with cory johnson at the tech summit. david: this is bloomberg, i'm david westin. gets is boeing made air force one to fly to a boeing air force facility. joining us is kevin cirilli. what does the president expect to publish in visiting boeing? kevin: he will be in charleston, south carolina. some sources are not anticipating any major policy announcements at boeing. however, he will be attending the rollout of their new dreamliner aircraft. that said, behind the scenes, there have been some conversations with folks as well as within the administration on potentially reauthorizing the export import bank. that could bust some heads on capitol hill with conservatives who are against the bank. boeing has been one of the top supporters of the banks reauthoriz

here with us is joe weisenthal, cohost of "what'd you miss?" was this in the cards all along? an inclined to go unless it could get market expectations a bit higher. but it seems like one of these self reinforcing things where of market expectations get high enough, the fed is inclined to go. nobody really has a very clean answer why there's been a big upward shift. people talk about the dallas fed president. he didn't say anything new. maybe some of the trump stuff bringing infrastructure spending. data has been good, so that could be it. scarlet: the data was good before yesterday afternoon. joe: a lot of people will be paying attention to janet yellen's speech on friday put marche wants to in play, fridays a good chance to do it. scarlet: how closely do you think people will be listening to different fed official speeches? is it going to be predicated on what president says regarding the timetable for spending? is it's liketion trump, yellen and then next friday's job report. i don't know what the order is. i want to say those three things and then a bunch of other stuff wou

joe: and i'm joe weisenthal.ome you to our closing bell coverage every weekday on twitter. ♪ erik: we begin with the market minutes. benchmark industries as you just heard, individual, indy mostly higher. the nasdaq trading lower. if you take a look at the dow, it went over the positive line in the last few seconds. lisa: and the nasdaq? erik: he did as well. the dow closing higher around 7.5 points. .14%, a gain of 3.3. roughly speaking. and two stocks i want to highlight underneath the activity that is the benchmark. you saw yesterday the new attorney general jeff sessions reversing in obama administration order that the justice department stop using private prisons for federal purposes. and two stocks you might think would be active on the news, what is now called -- or formally the correction system of america. and the reason these are not up more, they sold off to the tune of 25% the day that the obama administration order came out. and they have been climbing, almost a straight line up since the day of the

joe: i am joe weisenthal. we are 30 minutes from the close of trading in the u.s. pimm: u.s. stocks, paring losses. the dow jones, poised for its 10th consecutive trading session of gains. lisa: president trump, summoning prominent ceos to the white house today. he said he plans to put them to work to restoring u.s. dominance in trade. also on the hill, treasury secretary steven mnuchin and says he is in no hurry to brand china a currency manipulator. his comments about extra long bonds are making waves in the bond market. puerto rico's governor will meet with the u.s. treasury secretary commonwealth's relationship with the new administration and how it plans to tackle its budget crisis. joe: let's look at where the major averages stand. bloomberg's abigail doolittle is standing by. abigail: we are looking at mixed trading action for the major averages. the dow and s&p 500, modestly higher. the nasdaq has been lower all day, the laggard today, wade on by some chip stocks. both indexes have put in all-time highs, and the dow jones industrial average is on pace for yet another

joining me is my cohost, joe weisenthal. data. the last two weeks, the willsiasm, whether that really translate into hard data, i think the jury is out. on whether the policies were enthusiastic about this administration would actually turn into legislation, there are a lot of questions right now and why you seelain markets stalling out and why a lot of postelection traits -- >> we learned about how earnings moves have been muted because of the big run-up in stock. there are things to assess on whether or not trump will fulfill. a lot of people associate defense sectors and health. as weent to the wayside watched some drug prices. other markets, i would figure out when other markets come to fruition and whether or not those policies are coming there. >> if you look at one of the sectors i have been watching, the s&p subsector, that is an area that is sensitive to the fiscal stimulus. shot up right after the election. obviously, the banks like the idea of regulation. you might see underperformance in the bank. to key is sector by s

joe weisenthal is here to discuss. whether you're talking about the details emerging or the long-awaited fed meeting or further details from the president on immigration. joe: trump team us yesterday when he met with the airline ceos that i knew phenomenal tax plan would be coming. this is something that markets wanted to hear. over the last two weeks since immigration executive order was announced to my people started worrying that the administration was taking its eye off the ball economy wise. still unclear what can get past and a lot of other fights the need to happen. arguably, the action we have seen over the last two days is a function that this has not gone by the wayside. oliver: what sort of taxes are the government targeting, there is also the union exemption, he is talking about hedge funds as well. kinds of stuff. prior to the news that gary cohn it isng to be involved, welcome news to a lot of people. you think about the different holes and economic viewpoints within the administration. the cohn is represe

. ♪ ♪ i am scarlet fu and i am joe weisenthal. as good a bloomberg.>> we are live in the world headquarters, over the next hour. here are the top stories we're following across the world. stocks are once again in the green and in record highs. it would also mark the seventh straight day of having its best run since 2013. that hikesure for a in march. this also for a discounted deal for yahoo!? we will discuss the bigger technological landscape. economics, paul krugman discusses the potential impact of president trump's agenda. the markets close in two hours time. let's look at how the stocks are doing. >> record highs and they are extending. we are seeing the averages up, 4/10 of 1% as we reached new highs. looks like the odds are increasing. 40% is where they stand right now. we are going to get vital economic side of this. then we will look at what happens at the bond market. we have that janet yellen testimony. you can see this rising at 6/10 of 1%. that is where we saw the leg up in the yield. there was also a little bit of a balancing our around