Tour takes you to amarillo, texas. The treasury secretary Steven Mnuchin testified to congress. Theielded questions about 4. 8 trillion proposal and Economic Growth and the impact of the jobs act signed into law december, 2017. [camera shutters] sen. Grassley we are pleased to have treasury secretary mnuchin, here today testifying about the president s fiscal year 20202021 budget, the president s budget includes proposals to confront a number of important issues, i want to work with the president , the secretary, and others in congress, to address these and other pressing issues, within our committees jurisdiction. Drug pricing, and employer pension crisis are two such issues that must be dealt with, this Budget Proposal comes at a time when the economy is very strong, especially for working families. Better trade deals, less regulations, lower taxes from tax reform, we have translated into wage increases. Especially for lower wage earners. And historically tight labor market. Over six
Expected to be signed tomorrow headlines injecting uncertainty on existing tariffs and after hittinga new alltime high, apple is now the biggest drag on the dow. Well have much more on why later in the show. We are up 50 points on the dow steve grasso with us for the full hour. Steve, todays session yo yoing. The bottom line though is the deal should be signed tomorrow and the rest of it we kind of knew. It seems like the market is looking for a reason to sell off. You have bulls that want a better entry point, bears that want to push it down and any headline that allows them to do that, theyre going to roll with its about china today i think its going to be about earnings coming up if you really look at where we are in the s p, the 3300 level is pivotal and if you look at earnings, if we fall short, the market will tank and thats a big word tank is a big word. Its a big worry when you say wheres the market going or where do i think its going, i think it will be legitimate to say a 7 t
To call this what it is. This is terrorism. Whether its a synagogue in pittsburgh, the home of an orthodox rabbi, we all need to stand up and say it is wrong to attack people based on their faith. Face. We are in a crisis right now, a crisis of antisemitism not only in this region, but this whole country. A lot of people think its necessary to hate instead of just disagree. I think all Public Officials can try to do a better job of setting an example. Sandra jacqui heinrichs live in new york with more and what we are learning this morning. Good morning. We are hearing from the rabbi who survived the attack at his home and despite his sudden being among the injured, he is saying that he is grateful the casualties could have been much worse and in front of the synagogue this morning are armed guards after what happened here. There is a hanukkah celebration, hacking five people with a machete in the synagogue next door. 1 person is still in Critical Condition. 1 person chase them outside
It right here live. And we are looking for more market records today. The dow and s p and the nasdaq, all expected to make records. It was a year ago today that the market was in freefall. Remember that . It was about 6,000 points lower on the dow. That is very much not the case today. Varney company is about to begin. David and there is news overseas. We are watching hong kong this morning. Monthslong protests are flaring up once again. Riot police fired tear gas at protesters this morning. We are going to be monitoring this throughout the morning right here. But lets focus on some positive news at home. A brand new sales record, Super Saturday sales hit 34. 4 billion, the biggest single day of retail sales in u. S. History. The figures coming from Customer Growth partners. Joining us is retail watcher michael zacore. Ive got to think this is all about the economy. We have fatter wallets because people are making more. Weve had increase in wages and we have jobs galore. Is that why pe
Pulled that into this. Treasury, we want treasury to be able to have the cash that it needs and we are essentially taking that to our work. There may come a time when we talk about that. I think we are more focused, frankly, on the bill purchases the year end and review of supervisory and regulatory issues that were digging into and we think these are structural things, right just allow the liquidity that is already there to flow more freely perhaps by making fairly straightforward noncontroversial changes. We think there is some of that if they take role changes, it will take three months and things like that these things that were working on now, like going through year end with the overnight facilities and the bill purchases and the term repo, those are things we have to do right now and are doing. Chris hi. I wanted to ask the only change in the statement was a drop in the reference to uncertainties around the economy you seem very confident or it implies theres a lot of confidence