will be up step closer to receiving $1,400 stimulus checks. this legislation also extends unemployment benefits for millions out of a job. text bands the child tax credit. it provides affordable care act subsidies, and it includes funding for cash-strapped states and schools. it is the largest set of relief checks ever and has garnered prod support across the country. you can see the number here. new cnn poll shows 61% of americans are on board with this covid relief package. i have jessica dean on capitol hill, phil mattingly there at the white house, and, phil, i m starting with you. when can we expect the president to sign this bill? reporter: well, brooke, right now the white house is planning to sign the bill. the president signed the bill on friday, and we actually just got the first word from the president since the house passage of the bill putting out a rather lengthy statement saying in part this legislation is about giving the backbone of this nation, the essenti
Im a total loser. Im with you. You are with me i didnt mean it with me. Sounded just like you did lets look at futures, of course speaking of exciting, our markets have been exciting lately a higher open this morning after that turnaround yesterday, european markets and well answer and assume well have spain and italy in there there they are all down this morning. Spain the worst performer of those european markets the 10year note yield was a concern. The budget deal exacerbated concerns about a growing deficit. Will we be able to finance it without rates moving higher . Whats the feds role going to be there you see it 2. 866 is the current number. Lets get to the road map. It starts with the stock market seeking stability after those recent very volatile days. A higher after being in the red for most of the morning. Twitter shares are up more than 25 right now in the premarket the social Media Company reporting its first ever net gaap. They didnt fall into the gap any soared into the
In beijing europe is weak and claims a little higher than expected. The twoyear is at a nineyear high our road map begins with retail movers macys and kohls moving in different direction. Plus, more media m a intrigue the future of at t and time warners deal is in question as the department of justice asks for changes and the two sides may end up in court. And futures are slipping. Markets are awaiting more on tax reform today, as we digest a number of earnings movers. So lets kick it off with jim, who is at west point today, ahead of a big show tonight, jim. And were looking at some early weakness this morning, some attributing it to the increasing difficulty between reconciling what weve gotten from the house, what is being marked up, and what the senate is eventually going to tell us on taxes. Well, im continuing to be very skeptical im looking for a repeal and replace here in other words, i just dont think that theyre going to be able to get it together anytime soon but you know wh
Snapped last week. European markets, lets look at them as well and see how they are faring at this time. You can see down across the board including italy and spain, thanks and france is the worst performer at this hour crude was up a tiny bit, wti kind of a quiet story last week, 56. 76 and theres the 10year yield at 2. 38 lets get to our road map this morning on squawk on the street squt General Electric slashes the dividend by 50 . John flannery outlining his new vision and a Major Corporate revamp plus, wall street pullback, you saw stock futures pointing to a lower open investors still closely watching earnings and any progress on tax reform going on amongst our lawmakers on capitol hill. Toy takeover, shares of mattel surged on friday jim and i will get into that and into the official rejection from qualcomm of broadcoms bid, a lot to get to actually lets get to ge now. Its investor day, just getting under way started at 9 00 a. M. The dow component announces it is cutting Quarte
Slightly in the european markets for this thursday morning. The tenyear note yield crossed that 2. 5 level and now 2. 572 is where we find ourselves with wti firmly above 50 a barrel as well. Lets get to our road map this morning. And it starts with the markets. Of course we are still on 20,000 watch for the dow. Lots of data as well to digest this morning. And in president elect Donald Trumps meeting with defense ceos, what did boeing and lockheed say . And what are they saying now . And two more names familiar to the cnbc audience named to trumps team, carl icahn and Peter Navarro both set to join as advisors to the president elect. The economy grew faster in the Third Quarter than the government originally thought. The final reading up 3. 5 , that is the fastest pace in two years, better than the previous estimate of 3. 2 growth. The data comes as the dow continues of course to take aim at 20,000, jim, weve been ever so close. Ive been monitoring it from my few days off, but we didn