diane king hall is at the new york stock exchange with that and more., diane. >> reporter: good morning, anne-marie. on wall street, a sell-off in shares of apple put pressure on the market. industrial companies also posted big losses. energy stocks declined as crude oil prices headed lower. ultimately the dow slid 177 points yesterday. the s&p 500 fell 19. the nasdaq lost 39. >>> exxonmobil says it plans to invest more than $50 billion over the next five years to expand its u.s. business. exxon says the investments are the result of the company's strength, health, and helped by recent corporate tax cut. the oil giant says it plans to boost oil production in texas and new mexico and build new manufacturing plants. >>> the chief executive officer of revlon is stepping down. the cosmetics maker is struggling with heavy debt and sales that failed to meet expectations. specialty stores and e-commerce shops cut into its business. he was there less than two years. >>> and facebook will promote local news in users' feeds. earlier this month it also said it wou

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anne-marie. >> diane king hall at the new york stock exchange. you so much, diane. >> thank you. >>> still to come, new concerns about the flu. how the flu infection can been an added danger for your heart. can be an added danger to your heart. ou've trie. but now it's our turn to take control with stelara® stelara® works differently for adults with moderately to severely active crohn's disease. studies showed relief and remission, with dosing every 8 weeks. stelara® may lower the ability of your immune system to fight infections and may increase your risk how the flu infection can been before treatment, get tested for tuberculosis. before or during treatment, always tell your doctor if you think you have an infection or have flu-like symptoms or sores, have had cancer, or develop any new skin growths, or if anyone in your house needs or recently had a vaccine. alert your doctor of new or worsening problems, including headaches, seizures, confusion, and vision problems. these may be signs of a rare, potentially fatal brain condition. some serious

. >> i'm bill griffith in tonight for tyler mathisen coming to you once again from the new york stocks whereas sue said the dow closed at a record today after a rocky day of trading. it moved in a wide range. it rose more than 180 points on the open this morning. downs that down about 100 points mid afternoon. early optimism fade after a top apple analyst questioned their future. shares of apple fell. the rest of the tech sector followed. and it capped gains for the market as well. when all was said and down the dow rose to 26252. the nasdaq was down by 45. and the s&p lost one point. >> general electric didn't help matters. it was the worst performing stock on the dow index falling 2.5% after disappointing quarterly results. and they had another surprise for shareholders. >> call it another kitchen sink quarter. general electric missed expectations and announced an s.e.c. investigation into their $15 billion insurance charge. they are saying the investigation is early and not unexpected given the magnitude of that charge. still it spooked wall street. even analysts with buy ratings on

diane king hall is at the new york stock exchange with that and more. morning, diane. >> good morning. happy friday, anne-marie. oil hit its highest level since 2014. that pushed energy shares higher leading to a share on wall street. the dow rallied 205 points. the s&p gained 19 points and the nasdaq finished 59 points higher. >>> you may start seeing more money in your paycheck next month. the internal revenue service published new income withholding tax to conform with the new overhaul measure. treasury secretary steven mnuchin says that should mean more take-home pay for about 90% of american workers. >>> mixed news from walmart. the world's largest private employer, the retailer confirmed it's closing 63 of its sam's club warehouses in the next few weeks. that could put about 10,000 people out of work. sam's club claims it's in an effort to better align the stores. they could place workers at other sam's stores. walmart said it was raising salaries and handing out bonuses. >>> and facebook is changing the way it filters posts and videos on its news

will be listed on the new york stock exchange on the saudi stock market or someplace else in november president trump tweeted his support for the i.p.o. being at the new york stock exchange the sale of aramco valued at more than one point three trillion dollars is seen as one of the highest priorities of the saudi government and crown prince mohammed bill bin solomon and b.s. the end action has made some observers question if the i.p.o. will even be completed this year as was previously planned meanwhile in related news the large anti-corruption campaign in saudi which sought dozens of high ranking officials and business men arrested and imprisoned at the ritz carlton hotel has seen several of the business men including prince al waleed released it's unclear what sort of settlement was released was reached although the saudi government says there are forty remaining individuals who may go to trial. the u.s. commodity futures trading commission the c f t c which i know well appears ready to fine european lenders u.b.s. h.s.b.c. and deutsche bank millions of dollars each for so-called s

about to be hit with in less than 24 hours here in new york. 6:30 p.m., where markets close considerably warmer for the bulls. records again in u.s. stockstty liu here in new york. yvonne: i'm yvonne man in hong kong. you are watching "bloomberg daybreak: asia." this is first word news with courtney collins. reporter: thank you. the dollar gained after december fed minutes showed most policymakers continuing gradual hikes. the fomc expects tax cuts to boost consumer spending and business investment, but members continue to russell over the outlook for inflation, and also noted concerns about a flattening yield curve. futures traders put the chance of a march rate rise at 81%. the malaysian transport minister says an announcement will be made next week on resuming the search for mh 370. the government says it's in final negotiations and media reports say a u.s. company has area. ship to the search the malaysia airlines boeing triple seven banished in march of 2014 with 239 people on board. a three-year surge led by australia was called off last january. didi isride-hailer putting more pressure on uber in brazil but picking up local operat

>> diane king hall at the new york stock exchange.o much, diane. >> all right. >>> still ahead, saving money on your prescription drugs. >> reporter: using your insurance to fill a prescription can actually be more expensive than just paying cash. i'm brook silva-braga in philadelphia with why this is happening and how to get the best price. and if you have heart failure, entrusting your heart to entresto may help. entresto is a heart failure medicine that helps improve your heart's ability to pump blood to the body. in the largest heart failure study ever, entresto was proven superior at helping people stay alive and out of the hospital compared to a leading heart failure medicine. don't take entresto if pregnant. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren. if you've had angioedema while taking an ace or arb medicine, don't take entresto. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood potassium. ask your doctor about entresto.

diane king hall is at the new york stock exchange with that and more.iane. >> reporter: good morning, anne-marie. here on wall street, tech and energy shares lifted the major indices higher following the deal to end the government shutdown. the dow rallied 142 points, now up 6% for the year. the s&p 500 gained 22. the nasdaq finished 71 points higher, up over 7% so far this year. we're still in january. >>> president trump approved significant tariffs on imported solar energy components and residential washing machines. the solar models will face an immediate 30% tariff with the rate declining over four years. the tariff on washing machines will start at 50% before phasing out after three years. the white house says the move puts american companies and jobs first. >>> netflix signs up nearly 8.5 million people over the last three months, far exceeding analysts' expectations. shares of the streaming video service closed at an all-time high yesterday. the total market value briefly eclipsed $100 billion for the first time. last october, netflix raised the

s that listed to national securities exchanges including nasdaq and the new york stock exchange one in particular that was really fun for us to work on was a company called fat brands that's the the fat burger franchise hugely popular in southern california where our firm is based thought brands raised to twenty four million dollars from a combination of wall street and main street investors successfully listed to nasdaq and it was a what we call a hybrid deal we had institutional placement in the deal there was a syndicate of brokers the banker went on a traditional road show and we were engaged to do the online digital marketing and it was really a fun collaboration so that was a very fun deal for us and twenty seventeen i'll give you give me one from somebody else and i know it's going to be one of your competitors but you know who do you think did a good job on this in the space well look there's a handful of banking partners that we work with and we're kind of unbias to work with everyone try point global equities i would say is probably the lead investment banker based in manhatt

along with our traders at the new york stock exchange. give me your assessment there.not just to talk about the bullish market but the bullish labor market. we have seen hiring slowing at this time. if it is to be believed and if it is sustained with further revisions. we were adding that in the fourth quarter of last year. i think in 200018 we may see an unemployment rate that has a three handle in front of it. a record-breaking pace to be the longest since the end of world war ii. we should see further wage gains. to buy stocks that people need more money in the paycheck. they sort of lagged behind what we see is a very tight labor market. from a jobs market to the stock market. clearly the market is looking at this jobs report as may be a one off. they report a day before they have job gains with a hundred thousand more than the report today. they are showing four months in a row of growth. and clearly we are can have another week of weekly all-time highs. and for five major market industries. who knows what they think. when they see a weak number like this it doesn

us and music streaming company spotify appears to be finally listing its shares on the york stock exchange —— newhe world's biggest music streaming company ahead of rivals like amazon and apple. four months there have been rumours about its aspirations to go public. founded in sweden, the firm has over 140 million active users but it has continued to report losses. the road ahead for the music streaming service seems a little clearer. although spotify has declined to comment, reports suggest it wishes to start trading on the first three months of this year. spotify is taking an unusual route, selling shares directly to market rather than using an investment bank to underwrite the shares. that could mean choppy beginnings for the company as it may take a while for spotify to find its value. the timing is unfortunate as spotify has been slapped with a $1.6 billion lawsuit for infringing on some legal rights. the british international trade secretary, on a visit to hong kong has confirmed that china, the second largest economy in the world, is likely to be one of the early candidates with which the

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