Business News

CCTV Script 26/01/17


This is the script of CNBC's news report for China's CCTV on January 26, Thursday.

Welcome to CNBC Business Daily.

U.S. equities closed at all-time highs on Wednesday after a series of executive orders from President Donald Trump increased bullish sentiment on Wall Street, while financials outperformed.

The Dow Jones industrial average broke above 20,000 for the first time, rising about 150 points as Boeing, Goldman Sachs and IBM contributed the most gains.

Trump also rolled out executive orders on immigration on Wednesday, including one on border security and the intent to build a wall along the U.S. southern border, and another strengthening the enforcement of immigration laws.

[SCOTT MANN, Mann Financial Group] "Clearly there's a lot of money on the sidelines, clearly this is very much policy-driven. Donald Trump clearly means business and in terms of TPP and the Exxon pipeline, and lowering tax to bring money back to the US, and create more jobs. But again, a little bit of rational exuberance. People have to really focus on their risk tolerance and their time horizon in terms of when they are gonna need to utilize that money."

"There's no question that some of the executive orders he's signed are good, especially deregulations," said Peter Cardillo, chief market economist at First Standard Financial. "Anything else should be seen as a question mark. We don't know what a wall on the Mexican border would mean for Nafta."

What's next? Earnings and Trump's next move will continue to impact in the market.

Earnings on focus for Thursday -- Intel, Microsoft, Alphabet, Caterpillar and some auto giants like Ford and Fiat Chrysler.

CNBC's Qian Chen, reporting from Singapore.

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