Joining us for the entire hour is dan nathan, founder of risk reversal advisers. Welcome back to you. Sara. So theres something youre looking at about the s p 3000 level and fed meetings if you go pack to july 31st, the last time that the fed met, they cut a quarter basis points Interest Rates the first cut in ten years and the stock market was above 3,000. And and it wasnt until the trump tweet the next day that we broke down and stayed down all of augusts here we are now, expectations are for another cut, and it seems like the s p has really paused again at the same level, about 3,000. Weve got lots to discuss with dan, but lets drill down on the big stories were watching today bob pisani is tracking the big reversal leslie picker has details. Mike santoli has a special market dashboard ahead of fedexs earnings which hit after the bell and well have for you here on closing bell. A big day in oil. Oil dropped right after the open on a reuters story that saudis oil output would be full
Going to work toward the creation of a marshal plan to get massive investment in these cities. No matter what our mayors do, for all of the good efforts that are made, unless we can get massive resources in our community, we are not going to be able to solve all the problems. So we must fight for reparations and we must fight for marshal plan. [ applause ] now of course this question of struggling justification is not without controversy. Its complex. Its difficult. And so there are voices who may agree and disagreen a and that fine. Disagreement as long as its constructive and intended to help move the process, it should be welcomed. Nobody ever said it would be comfortable. It has to be creative tension and out of that creative tension comes better partnerships. It sharpens our analysis and our thinking. I want to put that out there. This is not about a blanket endorsement of anyone. It is about an understanding that someone has the right vision, the right direction, because where th
Captioning performed by vitac many have expressed concern that facebook could outcompete banks and nondepository Financial Institutions and become some sort of Financial Services monopoly. I understand facebook has demonstrated a dominance in the social media space but i want to better understand this Financial Services monopoly idea. The Libra Association is made up of 28 pounding members, more to come, many of which have played in the Payment Processing space for a long time. Some of these firms are very large, visa and mastercard have billions of cardholders and process trillions of dollars worth of transactions. Some have argued that this association is a thinly veiled attempt at facebook eventually attempting to create a bank. It may or may not be, but i am more reminded of another Payment Innovation that started in the 1950s and 1960s as associations of likeminded companies, the Bank Card Payment networks. Banks issued their own cards, but banded together as Regional Bank card as
Newark, a focus in newark because of the history of struggle here, protracted struggle, rebellion, resistance, triumph, tragedy, and moving forward, and the eventual ascension to the office of mayor of roz j. Baraka. Give it up. [ cheers and applause ] but its not just about him and i will never forget, i was struck by his slogan, hit me. He said when i become mayor, we become mayor. Right. And what that said was this is ujima, collective work and responsibility, and so there are policies being elam naboratedel. Last year we talked about a marshal plan becauses called for a marshal plan and we are going to work toward the creation of a marshal plan to get massive investment in these cities. No matter what our mayors do, for all of the good efforts that are made, unless we can get massive resources in our community, we are not going to be able to solve all the problems. So we must fight for reparations and we must fight for marshal plan. [ applause ] now of course this question of strug
Maria good monday morning, everyone. Thanks so much for joining us this morning. Im maria bartiromo. It is monday, march 11, your top stories right now 6 00 a. M. On the east coast. Today inflation data likely setting the tone this week for stocks as well as oracle earnings after the close tonight. Markets are pulling back this monday morning after dow saw its worst day since october on friday, in an overall down week for stocks last week. The dow industrials right now extending the losses with a decline of 141, the nasdaq down 14 andahalf, s p 500 lower by 7 points right now as we get set for the february cpi number out tomorrow morning. Followed by the ppi and retail sales later on in the week. Were watching reddits planned ipo today, ta targeting 22 milln shares. Bitcoin a major story, hitting another alltime high this morning, bitcoin is now above 71,700. We are on i it this morning. Check out european markets, stocks are lower in the eurozone as well as you can see the ft 100 down