Have the upper hand with the democratses shut down the government if they dont get their way. Well see. Big show today, youll be shocked to learn just how much federal bureaucrats make the people who control our lives are laughing all the way to the bank. And business is on notice you got what you wanted. Now you have to invest in america. And heres another shot coming your way. The weather is going to get even colder. You know ive got to love doing this show. I came back from south florida they for this. Varney company is about to begin. Wow. The bitter cold continues. Frigid temperatures spread all across the country. Will you look at those windchills please, just look at that. And by the way, a big storm is expected to ham orer east coast all the way from georgia to e maine some forecasters calling this storm a bomb cyclone. Because its pressure is predigitted to fall so fast and bring heavy snow very, very quickly. Bomb cyclone theres a headline for you if theres even snow in the f
Commodities were on their way up. Ime for the morning brief citibank will be releasing its earnings. Will get Empire Manufacturing numbers for january and this afternoon President Trumps dr. Is going to brief reporters on the president s First Physical exam. Its all coming up today. Time for your daybreak first take. Global equities are rallying. We are waiting for those citi earnings. And the race to get a deal done in washington. Alix thanks for being here. The one im looking at is the equity rally. Rsi index versus the major indices. The s p is the yellow. The purple is european stocks and the white is the global world all in major over but territory. Is this going to be a Global Growth story . Are you going to say the word synchronized . I think synchronized and kick the can are sure to come up. We can get even more signs that the word of the day is euphoria at bank of Americas Fund manager survey for january shows that cash levels among Fund Managers fell to a fiveyear low. Share
That dow ever close above 26,000 came after eight trading sessions youve seen four days this year where you have seen the dow going up 200 points or more. It only had six days like that last year. This morning futures are relatively flat. Dow indicated up 2. 5 points. Overnight in asia, china reporting Fourth Quarter gdp of 6. 6. 8 , bringing the 2007 gdp to 6. 9 we will get china bay book data at 6 30 a. M. Eastern time, independent Data Collected from businesses from china. Check out europe, where early trading is already underwa way the dax is up. In france, trading up by 0. 10 the treasury yield which we have been watching so closely, pushing above 2. 6 for the tenyear 2. 603 so we were at 25,000 and 1,000 points in eight trading sessions 1,000 on 25,000 is 4 think about 4 . What is every person say, sell side guy say coming on here. Mid Single Digits 4 . So either its more than that or there will be a lot of reversion of the mean. We did 4 already. I get a bit annoyed because its
Gop is showing incompetence with what he calls, quote, mixed signals. He compared mcconnell and President Trump to abbott and costello. Despite the restoration of a military hotline and at north talks inirst formal about two years, north Korea Remains north korea a great threat. John allens comments to reporters came before you and Security Council meeting on north korea. The council will maintain its unity in ensuring the consequences of defying International Law will be felt by the North Koreans. Because the North Koreans have an opportunity to change course. Added thatsador alan by changing course, north korea could pave the way for greater economic benefits and inclusion for its people. Scientists believe manmade Global Warming caused 2017 to be one of the hottest years on record. Nasa and researchers from berkeley rank last year second only to 2016, even in the absence of el nino which boosts temperatures naturally. The global average temperature in 2017 was about one. 5 degrees f
Secretary of the treasurys oversight. Mr. Secretary this is your first appearance before the house after the tax cut and jobs act has been signed into law. On behalf of the majority we are grateful to you and the president for your leadership and to help make this act signed into law that is historic. After eight years of failed policy that led to the slowest and weakest recovery the economy is starting to take off and wages are growing. Consumer optimism abounds. Its ironic but predictable that equity markets would swoon over the prospects of highest Interest Rates and inflation associated with Economic Growth. Low Interest Rates may have benefited some on wall street but not helpful to main street. We knew the fed would face challenges when the economy took off. If youre listening, good luck chairman, you volunteer for the job. Today the economy is getting stronger due to policies of the Trump Administration. Averaging 3 growth unemployment is a 17 year low. Wages grew at the fastest