The s p also down. 1 . All oil at session highs, energies leading the gains. The nasdaq is down. 4 . At the lowest level in more than a week. Take a look at some of the currency trades happening. Major markets are still shot, so we are seeing some position adjustments. Not much moves in the dollar, after two weeks of decline. Some growing optimism about the strength of the u. S. Economy after that tax bill. The japanese yen strengthening a little bit but around that sixweek low against the dollar. The boj cap its loose Monetary Policy stance last week. When it comes to treasury yields, 2. 46. The 2 10 spread is now there are for a fourth straight session. That is a look at the market. President donald trump signing the gop tax overhaul bill last week. Congress also signing a budget deal to avoid a shutdown before going on its holiday recess. So what is next on the agenda, what could it mean for the markets . Joining us to discuss from los kumar strategies and founder, komal srikumar. T
Of the National Associationc of manufacturers. Hes going to tell us how his sector will fare in the new year under a brand new tax code. Plus, elon musk, well, hes known for disrupting big businesses. This year he sent truckers running for his new allelectric semi truck, but what will be the big disrupter in 2018 . We go to Silicon Valley for a few predictions. And the makers of epipen felt the wrath of consumers last year after it jacked up prices over 500 . Well, today the latest greedy drugmaker and how the fda plans to fight it. As more wall street markets, slightly lower. We are less than an hour to the closing bell. Im Cheryl Casone in for liz claman. Lets start the countdown. Cheryl well, wall street might still be on vacation, some of them anyway. Markets moving in a pretty tight range today following that long christmas weekend. Youve got the three major averages all trading right now slightly lower, but actually were off of session low ares. The futures hooked like it was go
Economic data. We have the Chinese Industrial province. This dovetails into what is happening with the story in the morning and what it will mean, phenomenal gdp. Matching statistics, they are profitg in november and growth is expected to edge down to 25 year on year in october from 27. 7 in september and we have continued to eke slightly in november but lets see where we come from. We were seeing profits under some pressure. At the moment, it is that at the moment. Growth in the pipeline. Some more movement. , as those numbers are out look at what is going on elsewhere. We have markets back online today following the christmas break and taking a look at what is going on with shares in singapore. Recovering from tuesdays drop. ,hey are resuming gains marginally higher this wednesday and following the text want. That is in focus and snapping a. 1 of thep gaining open. Lets check in on the supplier in taipei. In that stock under pressure and falling for a second day. That forecast being
Welcome. It is surveillance. Im manus cranny. Lets check on the markets. One view we have had dominating through the program is that inflation will recast itself during 2018. The market has the biggest long bets on bonds since 2004. We have got the three month yield here. That is driving the debt ceiling anxiety, shortterm investors demanding more. The bit to cover ratio, the highest stopover rate since 2008, and the lowest bid to cover ratio since january, 2009. But the asian equity markets and European Equity markets, rallying. Taking the cue from the commodity market. Copper is bid. Oil is bid. An overalleing move higher. Oil, we did make it above 60, i assure you. So, we traded post the close up at the highest levels since 201 5. We have the libya outage. Dont forget, we had the u. K. Outage a couple weeks ago and that spoke to market. This time it is libya, 100,000 barrels a day is a good be taken out of the supply chain as libya has an outage. More on that pipeline explosion a li
Power lunch tarts right now. Intellectual leadership has been in the has here. Hes looking for ideas that good day, welcome everybody your money just keeps on growing, the dow, the s p, the Nasdaq Record highs yet again. Day after day, the s p and nasdaq have not ended on a down day. Work. So far this year bob pisani is at the nyse smallcap stocks also joining with the staggering stats and look at what is at stake for what will be a very big earning the party today at least same goes on for transports, up about a third of a percent season you would think it was time for a pause, and six straight up the tenyear spiking well above days we have some amazing statistics. At the close yesterday but wait a minute, its going to be even better well get you the numbers in a 2. 5 that is the highest left for few moments. With the winning. Crude since early may of three ec, thanks, robert, my old years ago, 2015. Producer for those stats im concerned about really high expect ache. The numbers are