Charles President Trump welcoming the president of romania where the president is expected to speak. Reporter president of romania will arrive on the south lawn. The president will greet president iohannis. The white house says couple things. Romania is a nato ally. The white house also notes how the president over the last year or so, made it an issue to make sure he meets with leaders from central europe. Other issues in play according to the white house, what the two will talk about is energy and defense. The cameras are bought in ten minutes time. Youre right. Well wait to see what the president says, whether or not that will move markets especially if he asked about the possibility of a new round of tax cuts, what that may or may not look like. What i can tell you, charles, yesterday over here at the white house, the president sat down met with the Economic Team at one point during that discussion. The idea of tax cuts and what they may or may not look like was brought up. The whi
A sales miss and more weakness ahead. Is it time to trade out. The Investment Community is ready to go. The Halftime Report starts right now. Welcome good to have you with us on this tuesday. Our Investment Committee at the terrible joe terranova, josh link and the chairman and ceo of the gobelli finds and chief executive officer of merrill private bank. We fin where else, the manchlgts a manchlgts. First though stocks lower as the twoday meeting in washington gets under way mr. Gobelli, the fed is going to cut, right im assuming 20 basis points and the real challenge is the currencies, the negative Interest Rates around the world are causing the dollar to get stronger so how does and what is the impact of that you think the fed should cut . Lets start there. Markets not that far. I dont spend a lot of time on it. I just assume that they will be cutting 25 beeps thats baked into the market of the for example, we have 100 u. S. Treasury fund. No sold taxes and its assuming that already,
Europe up more than 1 , benchmark yields relatively stable around 1. 29 futures point to a strong open as tax reform rolls through congress. We did get the meg amerger, cvs health is buying aetna it is the largest deal. Broadcom taking First Step Towards a hostile takeover of qualcomm 11 nominees to qualcomms board. Futures rallying after the Senate Tax Reform bill was passed Early Saturday Morning. Next up is conferencing the house and Senate Versions of that bill. Republicans expressing optimism, theyll get a final bill to the president s desk by christmas and a lot written over the weekend suggests theres more similarity than differences. I think where we were midday, the report that caused one the suspension of brian ross, and a belief that nothing could happen and the senate could fail, we got a classic tip down 350 points it turned out to be once again an amazing buy opportunity and now, a lot of analysts will be stuck raising numbers i say stuck because theres so much people who
Profits were down 70 . Entire Technology Sector showed weakness towards the ends of the week. Friday morning gdp was 2 for the Second Quarter. It was an epic fail in the senate for the healthcare reform battle. All 48 democrats and 3 republicans voted against the socalled skinny repeal bill. The deciding no vote from arizona senator john mccain saying he want a bipartisan approach to changing obamacare. Foxconn announced its pledging to advance 10 billion to build a plant in wisconsin that could employ between 3,000 and 13,000 workers. Three of the socalled fang companies. Technology has bent Leadership Group since the beginning of the year. Joining me is david bonson. Thank you for joining us. Tech was on the down side this week. Do you see that as a buying opportunity or do you think the valuations in technology have become excessive. No question the valuations are excessive and the dips are so minor, even if one wants to buy on the dip, this wouldnt count as a dip. Maria apple repor
Profits were down 70 . Entire Technology Sector showed weakness towards the ends of the week. Friday morning gdp was 2 for the Second Quarter. It was an epic fail in the senate for the healthcare reform battle. All 48 democrats and 3 republicans voted against the socalled skinny repeal bill. The deciding no vote from arizona senator john mccain saying he want a bipartisan approach to changing obamacare. Foxconn announced its pledging to advance 10 billion to build a plant in wisconsin that could employ between 3,000 and 13,000 workers. Three of the socalled fang companies. Technology has bent Leadership Group since the beginning of the year. Joining me is david bonson. Thank you for joining us. Tech was on the down side this week. Do you see that as a buying opportunity or do you think the valuations in technology have become excessive. No question the valuations are excessive and the dips are so minor, even if one wants to buy on the dip, this wouldnt count as a dip. Maria apple repor