First we start with the final countdown to the fed tomorrow. It could be a make or break rally. They are expected to make tonight third rate like in the past decade. The question is simple. What do you buy . How does this major market moving event . I think you have to stay the course and i think you have to look at the trans ports and the iwm. Both are now showing signs of weakness. Theyve been showing it for a while. What do you buy . I think you stay in health care. The ivp hangs if there like a champ. And banks are now on the precipice of breaking down and i think theyll talk about that a little later. I think theres another leg to the bank rally. If you believe in the story fed could overdo it, i think banks will be the last year to fall of i think as rates go higher, i think you have a place bank theres continue to outperform. I think the valuations are the most dependable. I think the comps look pretty good. I agree with guy. He talked about 130. It is around 133 which is anothe
It hase last two days been up by 15 . Gold goes nowhere, just 12 in two days. You might have thought that. Crude continues to roll over one and at 15 half percent. The Republican Health care plan is running strong opposition ahead of thursdays vote. Joining us for more is Kevin Cirilli, our chief washington correspondent. Where do we go in the next 24 hours . Do the republicans have the vote . Know they do not. The sources i am talking about inside of the House Freedom causes House Freedom caucus tells us there was a fight yesterday with President Trump who arrived on capitol hill and singlehandedly pointed to the chairman mark meadows and said youve got to get on board with this bill. The senior aide says he is not on board. The key numbers 21. That is the number of House Republicans that this administration feels like they can have to set and oppose this getstration and then still this bill through. Now they do not have it. Alix the issue in the market is if health care cannot get th
Thats right. You know, it sound like were not going to have one of those big ones here in the mountains. Im told that the little problems can become big problems later on when the heavier rains arrive. The so the time to act on this Erosion Control and other mitigation efforts here in the fire zone is right now. Lets take a look. Be. This soil is now a mixture of ash, and vegetation. Add a little rain and there is nothing to hold that soil in place. Look at this. The landscape for long stretches on either side and other mountains roads are burned clean. Even a moderate amount of rain could cause problems here. Part of this fire burned very intensely and there are potential risks to infrastructure, homes and roads, bridges,ets. Reporter they are already at work on what it calls suppression repair. They are focuses on focusing on disturbed areas which can trigger a mud slide, threatening lives increasing the potential for one disaster on top of another. Now, without any surface protectio
Clearly was bothering people before. And is still bothering people about clinton. But it didnt provide new substantive information in the same way that the. Trump video i think did. Did. 3 the big shocker today is in the Us Senate Race where Russ Feingolds lead is down to one point over senator ron johnson. Well dive into the senate race a little more on the cbs 58 news at five. Reporting in studio da cbs 58 news. 3 more proof that wisconsin plays a big role in the upcoming election. Are today, Chelsea Clinton is campaigning for her mother in oshkosh, eau claire and milwaukee. Russ feingold will join senator Bernie Sanders at milwaukees Turner Hall Ballroom at 530 tonight. And we just learned this afternoon that Vice President joe biden will campaign for clinton in madison this friday. Meanwhile. Donald trump is trying to sway latino voters in florida. A state many see as a mustwin for him. While Hillary Clinton is visiting traditionally red states. Cbs Craig Boswell reports on their i
It means for the rate hike. And a glass halfempty. Bloombergs pessimist guide covers potential for chaos in 2017, including a merkel defeat. Less than 30 minutes to go until the start of your trading day, and this is how this huge market is shaping up. Matteo renzi, there is a plan b, according to the press. The italian treasury considering a plan b for the recapitalization of monte dei paschi. And germany just keeps on producing. Manufacturing comes in at 4. 9 . The market was looking for barely an inch higher,. 6 . It took us three days to recover from the brexit battering in global markets. It took us three minutes for Global Equity markets to recalibrate and reconsider what is happening in italy. This is your gmm function in terms of the g20 function. You can see that, as far as emerging markets are concerned, a little bit better. When it comes to the dollar, the rail up, the renminbi keep an eye on this. A great flash trade went through. It was saying the renminbi was worth 7. 5.