Good news for mr. Trump. Thats his base. And the market just crossed a milestone. Stock values have gone up a full 8 trillion since the election. So here we are. Government shut down because a Major Political Party Supports illegals and not the legal government of the United States. There really ought to be hell to pay. Varney company is about to begin. Stuart now, were going to go down over the opening bell today off about 50 points. I dont think thats a reaction to the threeday old government shut down. I dont think theres been any impact thus far. But we will open ever so slightly lower this monday morning. There will be a vote today. Its a vote on keeping reopening the government or shutting it down. So whats in this bill today . Ashley all right. In a nutshell, this is what it boils down to is that the proposal would reopen the government until february 8th. In other words, get the light switch back on until february 8th. However, the democrats want Mitch Mcconnell to commit to th
Meeting but it does seem hike this really is. He should have said really twice. Or at least three times maybe. This is it. Really really. This is like whackamole. Markets that go down they find a way and its a lot of times not what youre focussing on. Did you think once again well be 8 down . They have a plunge Protection Team like us but its not working at this point. Down 40 the market is over there in three weeks or four weeks. Still up 10 on the year. And 70 in the last 12 months. Its like the wild west. We shouldnt extrapolate everything over here from whats happening over there. But 180 points here or 8 there, maybe thats commensurate. Well wall street journal today, stocks plunged scarier than greece and thats written by the head of emerging markets and global macro at global stanley investment management. They make the point which is hotly debated in the market to what extent does the market crash in china have a Ripple Effect on the chinese economy and that has a Ripple Effect
Everyone. This is bloomberg surveillance and im Francine Lacqua in london. We will be speaking to jack straw, one of the three people serving in the candidate from 1997 to 2010. We talk brexit and trade. Youre meantime, this is market. Equities seem to be on a tear. Stocks in europe are a little bit mixed, but the euro holding onto gains. We saw catalonias president stepping down from the immediate declaration of independence in spain. The dollar, drifting down a little bit. Oil rising above 51 a barrel, as opec pretty good. The nikkei 225 rising to the highest in almost 21 years, following the Dow Jones Industrial average, that touched a fresh record high yesterday. Lets get straight to the bloomberg first word news. Plans to donald trump make changes to his tax plan within the next few weeks without giving any details. At the same time, he dismissed concerns that his public spat would dismiss an overhaul. Independent analysts suggest it would raise taxes for 30 of people, making betw
Created, wages are rising, and more people are looking for work. Confident theyll find a job. The numbers speak for themselves. The economy added 215,000 payroll positions last month. The Unemployment Rate edged up to 5 . But thats due to more people entering the labor market looking for work. And average Hourly Earnings rose. Hampton pearson has more on the jobs jolt and what it may mean for Interest Rates. Reporter in march, big gains and retail trade, construction, and health care were the engines of job growth. The Unemployment Rate went up but there was good news because more americans came off the sidelines to look for work. But not all of them found jobs. Those returning jobseekers also helped boost the Labor Force Participation rate to 63 , the highest in two years. Something leading economists say should please fed chair janet yellen. Weve got more Labor Force Participation so we can actually grow at a steady pace for longer without igniting inflation. So overall, really its a
Case. The headline is the judge has dismissed the competency case. The winds that fight. Chairman of a company that is privately held. He is also on the board for cbs. Good afternoon. I am alix steel. The great fed disconnect. There is a chance of a rate hike in june. They are warning to not cannot the fed. Torlet, there is a new vote impeach the brazilian president. Crudethe Worlds Largest exporter must find a way to compete against shale. Head over tos julie hyman. Its been a mixed day so far and i please. Julie there is not any reaction to the news about sumner redstone. He is 93. Lets look at the major averages. The dow is down a quarter of percent. It turned lower mid morning. It has not recovered. Fluctuate, averages its been in a tight range today. We bounce back from two weeks of losses. S p, weve at the seen that bouncing around a little bit. Here is not ae very big one. Weve been talking a lot about how investors dont have a lot of confidence in the rally. One of the ways we