Yahoo Finance These are the companies Trump might target next
Stocks (^DJI, ^GSPC, ^IXIC) are mixed at midday, but all the major indices have posted new all-time highs. The financial sector (XLF) is the most in the green, and industrials (XLI) are the most in the red. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Jen Rogers is joined by Yahoo Finance’s Rick Newman and Mark Martiak, senior wealth strategist at Premier Wealth First Allied Securities.
Trump wants a list of companies moving jobs overseas
Donald Trump has some tough talk about keeping US jobs from moving overseas. We know he got Carrier and Ford to keep some jobs and production from moving to Mexico. And now he wants a list of companies that have announced they’re leaving. And he’s threatening to call them himself.
Trump comments send drug stocks tumbling
Trump is having an effect on the prescription drug industry. Drug stocks are recovering today after slumping Wednesday. That’s when Trump told Time magazine, “I’m going to bring down drug prices.”
Portland to tax ‘excessive’ CEO pay
The war on income inequality is going local. The city of Portland, Oregon, will increase a company’s business tax by 10% if the CEO makes more than 100 times the median pay of its workers. And if the top boss makes more than 250 times the median pay, the tax goes up to 25%. The rule only applies to public companies with significant sales in Portland. The tax takes advantage of a new SEC rule that will require public companies to begin reporting statistics about executive compensation next year.
