The states haven safe haven and you mentioned the dollar index up by. 3 and you have retail sales and potentially more support for the dollar in the next couple of hours. David its time for the morning brief and we will get the retail sales that alex referred to alix referred to. Nafta talks and Missile Defense talks get underway. Walmart reports secondquarter results. York, today wew have President Trumps returned to trump tower for the First Time Since his inauguration and the chief washington correspondent has come to new york with the president. Kevin cirilli joins us from midtown manhattan. Welcome to new york. Let me ask you, why is the president in new york today . What does he have on his agenda . Events. Ot much public later this afternoon, President Trump will be signing some sort of executive order and action regarding infrastructure. According to a white house official, he will be establishing discipline and accountability in the Environmental Review process. No other detai
Headquarters in palo alto, 11 00 a. M. On wall street, and squawk alley is live. Good wednesday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt, sara eisen at post 9. Obviously, a busy day, even though the markets arent showing a whole lot of volatility. The president is going to sit down with some infrastructure ceos at 12 30 eastern time. Attendees include teslas elon musk, apollo cofounder josh harris, real estate moegle Richard Lefrak and david tepper making waves on squawk box this morning, discussing the new regulation atmosphere in washington. Theyre going to give you less regulations for obamacare. Theyre going to give you a tax cut. Everything is this everything is neutral to positive that can come their way, versus an atmosphere for the last 16 years, lets call it, thats been regulation, regulation, regulation. Joining us this morning, ben mandel, jpmorgan global strategist, michael kacannon. I dont know if you heard what tepper said, but hes talking abou
Ten people were reported as injured at least one person reported dead. Moments ago somebody has been pulled from the river thames as well. A car mowing down pedestrians on Westminster Bridge and the stabbing of a Police Officer just inside the parliamentary estate with the assailant being shot appear to be linked. We do not have that completely confirmed yet. Commander harrington alluding to a possible incident involving someone in the river. Commander harrington of the met police had to say they remain open minded about the motive but that a full counterterrorism investigation is under way. He said numerous casualties, including Police Officers. He also said that more additional Police Officers, armed and unarmed, will be deployed across london to help people remain safe as they go home and encourage people to remain vigilant. Will not be drawn on the question of whether this incident is over. Of course, also just mentioned Prime Minister teresa may has been confirmed of being safe in
Moving average but oil is not getting sucked into the nervousness. last month, trump said he would tell automakers he will return the u. S. To the car capital of the world but last month we got Sales Numbers that point to the other direction. With us now is matt miller from berlin and from d. C. , Kevin Cirilli. To starter, i want with you on the cars. How bad are these numbers . Matt they were bad, for sure, especially compared to the expectation. We were looking for 17. 2 million and really got 16. 1 million. So that im sorry, 16. 6 million. It is about the vix. If you look at this chart have this you can see that isnt something new. Tracks have been trending up. Meani say a truck, i even the big station wagons. The blue line are the cars and sedans. This is a 17 year chart. This is one of the big problems here is that automakers are not adapting quickly enough to this new mix. The other thing i want to point out quickly is that the yellow line here is student debt. The blue line is
Higher growth areas . We have got some breaking economic numbers on the housing market. Julie hyman is at the markets desk with more. Julie existing home sales rebounding last month. We got numbers for the month before that were disappointing but now we have a climb of 5. 1 month over month to 5. 3 3 million on an annualized basis. It compares with februarys 5. 0 7 million. The median forecast, 5. 2 8 million. A larger rebound than had been anticipated and does exhibit some resilience in a u. S. Housing market especially going into the spring selling season. 3hat number coming in at 5. 3 million, an increase of 5. 1 month over month. The existing home sales number does not tend to have a big impact on stocks. At much appears to be having big impact on the overall direction we are seeing today. The dow and s p, little change. Nasdaq doing a little better. Any increase means we are at new highs for the year above 2100 as we have been watching for the s p 500. Above 18,000 for the down. A