Permission to do this, and i did not inform Mitch Mcconnell. I took to the floor of the United States senate and to be power that comes from being a senator representing one of the great states in this nation to force a debate on an issue that i felt strongly about and they feel strongly about for many years. The issue is not dead, though. Senate republican leader Mitch Mcconnell says lawmakers will vote on keystone next year when of course there will be more republicans in the chamber. Meanwhile, senators blocked an attempt to put limits on the nsas ability to collect phone records. It would force spy agencies to only obtain records of proof by a court order records approved by a court order. According to people familiar with the matter, president obama will issue a reprieve for undocumented immigrants whose children were born in the u. S. That is part of a plan to prevent up to 5 Million People from being deported. Russiasise from president vladimir putin. He plans to go for a crackd
Charters biggest shareholder is billionaire john malone. Charter tried last year to buy Time Warner Cable, but that offer was rejected. Once again greece is trying to resolve its differences with europe, so yet more bailout money. Talks resumed today between greece and the imf. Greece is running out of money but european lenders will not release the bailout funds unless the greeks promise reforms on labor and rules. The biggest political up saint a decade. Polish bond yields rose after andres bruno was elected president. He also said said vice chairman sally fisher says the central bank is playing a waiting game when it comes to Interest Rates. Says of the fed raises rates too quickly, it will be difficult if the fed if the economy does not take off. We have another phrase. Our processes are not date determined, they are data determined. Wait and see what happens. We do not have to announce we are going to do it in september. If the economy is growing slowly, we will wait. Vonnie Stanl
Billion. That according to standard poors, the ratings agency. Standard poors also estimating that u. S. Gdp growth will fall from 3 to 2. 4 in the Fourth Quarter. Im going to caution you, though, a lot of people on wall street are calling for just 2 . Dow jones industrial average is the one major holdout today, the rest look pretty good. Whats going on with dow . Well, the fact that its ibm, ibm is really dragging it down. Ibm is a problem, has to do everything with the Computer Services world n. The meantime, though, the s p 500 is on track for a record close as long as it can stay above, and heres the magic number, 1725, two points above it right now, well see if that happens. The russell 2000 hitting alltime highs earlier today, but the biggest earnings news of the day comes after the close. Its google. Google reporting Third Quarter earnings. Remember, it missed analyst estimates on revenue and profit last quarter, its got a lot of wind at its back. A lot of excitement around that
It shows the power politics of russia as they look east and that they look south at ukraine. And as a power player, there was so much discussion over the past several years with russia as a superpower, and recent evidence suggests it is. Lets get to the calculus of a brief today. Overnight, here is what we learned u. K. Retail sales increased for a third month in april and in japan, the central bank refrain from boosting stimulus. That is a good sign. They do not feel that they needed. Are you with me . He is a playing it. The market it was up. 7 00, we have that the Weekly Mortgage application. That is a volatile number. 2 00, this is the one youre to focus on the fed minutes. The april meeting, tom. By the way, janet yellen is speaking at 11 00 today. What matters is several, fewer, many yeah, right. Those are the keywords. We are doing several items in todays brief. And there are several to mention. Before the bell, lowes, target, petsmart, tiffanys, scarlet, and american eagle. Ite
Richard fisher, we know how he feels. S ugust beckongs you wonder what the fed people think. Jackson hole is three weeks away now. Richard fisher is known to put out a lot of things. The Kansas City Fed meeting begins. Should rates go up or down . Earningsd cummins, before the bell. After the bell herbalife. Timber and returned overnight from his mideast travels. I hope you got a good nights sleep. Lets do an exhaustive a data check. Call it a turn. The yield still under 2. 5 . The euro churns, but still weaker. Hydrocarbons we will talk about that. Under 13. The dow is slightly under 17. 30 year bond is in. Putthe ruble goes against in. Lets look at that. Just a little bit of her personal. Reversal. What is the role that mr. Putin has amongst economists . Look at that connection. Somebody just played with a wire. We have had all kinds of adventures this morning. Yours. To reaboot frontpage israel, andrry, gaza. Pressure is continuing to mount. This is the third week. U. S. Demanding a