Down, yields go up, conversely, yields go down, prices go up, not to the degree. Not helping stocks to the degree you would think, at a time paul ryan trying to assure people theyre on top of the debt, on top of eventually a daca deal that should make nancy pelosi happy. A twoyear budget arrangement senate came up with that should be welcomed by all. Were in a bizarre kind of world, whether that passes or not, it could be daming to investors, if it were to fall through, analogous to the failure of tarp funding back in fall of 2008, that produced 777 point falloff in the dow, even though both sides regrouped, you would still see in the approval of a followup tarp deal, the dow fall another 6,000 points . We dont know whether youre damned if you do, damned if you dont on budget deal, whether you fall off if approved here or not but a catalyst could be or excuse could be failure to reach such an treatment, there are several house conservatives several we talk to next document hours are le
This may be a one off. The big question what it will do to the fed. Could weak retail sales cause a different approach to raising Interest Rates. Maybe the market likes it. It is tightrope the fed is walking and market is walking. Well talk all about it as we watch triple digit gains with our allstar panel next. Former george w. Bush advisor, karl rove, he is here to discuss new developments coming out of white house on infrastructure and immigration reform. That is next. I want to look back at the markets. Quite a turnaround from earlier in the session. I think people were pretty speakinged with that Consumer Price index number came in a little hotter than it would. Nicole. Hit nail on the head this morning when the Consumer Price index number comes in showing inflation, came in higher than we thought. Biggest onemonth jump. When people saw Rising Interest Rates they got a little spooked. Futures were down over 300 points at one point. You knew they would pick them up. They are buying
Have two or three main loopholes. First we have inadmissibility problem. When they come to our border, i have to let them in. I can not keep them out by virtue of them being in a gang. Once we detect them, cant remove them by being in a gang. This is unique to our country. No other country has this this is unique to our country. It has to change. Framework you poeproposed will close these. Remain hopeful to work with congress and and your administration to close these loopholes. So, without going into further detail i would like to turn it over to the john cronin, the acting attorney general for doj trish were watching the president speak with folks who are very interested in securing the borders. Its a roundtable he is having on law enforcement, specifically focusing on the violent gang ms13. Were going to continue to monitor that. If the president comes in, says some more, well bring it to but we got quite a wild day here on wall street. Ton of volatility. Were off 85 points right no
Heading south. Look at this. Interest rates, well, they have come down, way down from where they were this time yesterday, it was high Interest Rates that in part spark the selloff, now they are way down. Lets be clear on this tuesday february 6th, you will see nerve ramming ups and down. Maybe some perspective is required. Number one, nobody is forecast ing a recession. Number two, a pullback is in evitable after such a powerful and unbroken runup. Three, all of the gains from 2017 are intact, its just the gains of 2018 that weve lost at this point. Number four, as of now, stocks are cheaper than they were 24 hours ago but profits are still going up. Now you are going to be hearing a lot of noise from the left, they are eager to Society President trump with anything thats negative. Ignore it. They are grinding an ideological to beat up a president they cant stand, we will tell you exactly whats going on and theyll be some advice too, Varney Company is about to begin. Stuart well, talk
Package for elon musk if he hits some key benchmark netflix is opening at an all time high. Hastin hastings last night on the earnings call. As long as we are able to continue which we can measure in viewing hours and things like that and asking our customers to help us fund that at higher levels as reasonable if we want to gain relative values for the customers then we would not be changing prices domestic better, q 1 guidance is better. Margin growth, they give it to the critics who gave bright the hard time that was the best part of the call Pay Attention to google trends and rotten tomatoes. It was all about notion of commercials verses statistics. They use a nice blend of algorithm deciding whether you like it and decide whether it appeals to you and not to the mask concer towards the Conference Call, theyre talking about 5 millions to the max mere. One of the things thats incredible was they talked about bright. It did well in the u. S. But it is the rest of the world they have a