Secretary yellen later this morning. Auto strikes, day four with both sides digging in. The uaw rejecting the latest wage hike proposals while both ford and gm announce temporary layoffs due to the ongoing walkout. Plus apple reportedly seeing strong iphone 15 demand in china, and tim cook says the vision pro remains on track. Lets begin with the markets as we do kick off a new week. Jim, we didnt get to check in with you on friday. Any degradation, do you think, in this idea of a soft landing . Even the journal today takes a look at how it gets a little tougher from here. I do think that this auto strike is has potential to be very disruptive. I think that oil, clearly, to me, is headed to a hundred before it goes lower. Thats negative. The higher Interest Rates are starting to buy. Theres a really interesting call for lennar, stewart miller, the executive chairman last week, he was talking about the idea that the buyer is getting used to the idea that they have to pay more. Thats the
Will be conducted as fiveminute votes. The Unfinished Business is ordering the previous question on House Resolution 658. The clerk house calendar number 410, House Resolution 658, resolution providing for consideration of the bill h. R. 1638 to require the secretary of the freshy to submit a report to the appropriate congressional committees on the estimated total assets under direct or indirect controls by iranian leaders and providing for consideration of the bill h. R. 4324 to require the secretary of the treasury to make certifications with respect to United States and foreign Financial Institutions aircraftrelated transactions involving iran and for other purposes. The speaker pro tempore the question is on ordering the previous question. Members will record their votes by electronic device. This is a 15minute vote. [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcaptioned
May all that is done within the peoples house, be for your greater honor and glory, amen. The speaker the chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1, the journal stands approved. The pledge of allegiance will be led by the gentleman from new jersey, mr. Lance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The speaker the chair will entertain up to five requests for oneminute speeches on each side of the aisle. I pledge all to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. For what purpose does the gentleman from new jersey seek recognition . Without objection, the gentleman is recognized. Mr. Lance thank you, mr. Speaker. I rise today to congratulate three State
Were closed for holidays. In the early trading in europe this morning, ahead of that final debate between the last two candidates in the french election, you can see the cac is off by a third of a percentage point. Ftse is also down. Crude Oil Yesterday down, and down once again as pumping in libya and the United States more than made up some of the cutbacks. We closed below 48 yesterday. Right now 48. 04. On todays agenda the fed concluding its twoday meeting with a statement at 2 00 p. M. Eastern time. The central bank expected to hold rates steady. Investors looking for hints that the economy is on track for a rate increase in june. Another big earnings day ahead. We will hear from time warner and yum brandtbrands, after the close, facebook, tesla, aig and fitbit will report. Adp private payrolls at 8 15 this morning. Later services pmi and ism nonmanufacturing. We are just four days away from the final round of the french election. Candidates emanuel macron and Marine Le Pen face o
Roundtrip from last weeks big declines. The gains are back, and the stability is back, and the lack of volatility is back in the stock market today, as we see technology outperformed. That is a trend that has been in effect year to date, and we see it back in effect today. Weve seen the reversion to trend for the major averages. In terms of some of the individual stocks we are watching, we want to take a look at what is going on with altria group phillip morris. Bonnie herzog is saying that she thinks there is a deal in the making between two companies. It looks like we have a typo with our second ticker, but we can see that shares are trading up 1. 3 . We are also seeing some of the , some weakness. Amgen, the company saying a study of an experimental osteoporosis medicine did show success amongst 4000 patients in reducing the incidence of bone fractures. However, 2. 5 of the patients who took the drug developed serious cardiovascular side effects. That is why shares are down. ,his wa