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
Ready full throttle to go back to health care. More importantly this was. Well Work Together and listen together until we get this right. It is too important. Obamacare is a collapsing law. Obamacare is doing too much damage to families. So were going to get this right. Meantime well do all of our other work we came here to do. Neil all right. That on top of what was some pretty good Economic News prior in the day. Big jump in Consumer Confidence. Big jump in the caseshiller home price index. A lot of peoples homes are starting to percolate, presumably get them buying and get hes investors buying at the corner of wall and broad. Were near session highs after eight straight down days. We have the Infrastructure Committee member, congressman Thomas Massey joining us now what happens now. What do you think, congressman . Well you know on health care i presented an option in morning in our conference to break it up into three bits. There were three bills in that bill. I think you can get t
Temperatures above freezing. So even the Lehigh Valley gets just rain. Everybody has it by 6 00 a. M. If youre going to get a lot more hours of it. How much rain is going to fall and if its going to get out of here by the weekend, well answer those questions in a few minutes. Download the nbc 10 app to plan ahead. Get Severe Weather alerts right on your smart phone. 20 minutes of nonstop news continues with a bucs county womans dog brutally killed and police say it was at the hands of her jealous boyfriend. Her boyfriend betrayed her trust. Reporter she says her 2yearold pug rarely got sick, but the time that he was she wanted her boyfriend to watch him, to give him his medicine. She didnt expect to come home and find him dead. He said i showed the dog more love than him. Reporter Jennifer Sherman gave us these pictureses of her now exboyfriend. The dog is her 2yearold pug sebastian. If anything happened to him, i would have been devastated. I told him that weekend before i left. Jenni
Flees. He was trying to get away from police. He wasnt the best kid on the block but in pursuit of trying to get away they discharged their gun and anyone of those kids could have been shot. Two hours later Newcastle County police learned he could be in this apartment complex and neighbors hear them knocking on doors. Not even five minutes later we heard gunshots. Police say that brown wounded by Philadelphia Police managed to flee. He made it to this nearby car where he was taken to the local hospital where he later died. He was already shot by the Philadelphia Police so how much altercation could he have had with the Delaware Police i need to know if he was shot standing up sitting down and what position was he in. He was already wounded. The situation continues. In other news, the suspected serial rapist intel wear county is off the streets. 19yearold dijon leah tacked nine women over three years, according to authorities lee struck while the women were walking and dragged them to a
And president xi jinping having dinner. Herearkets reacted to take us through the market reaction, Michael Mckee. What is at the fed had to say that got the attention of the market . Mike they did talk about the market. They are watching valuations. The feds job is to keep Financial Markets stable. They are a little concerned at the way things are going. There isnt much they can do about it at this point. This may just be a verbal warning shot to wall street. Aboutd went into detail its Balance Sheet program and where they will start reinvesting. By the end of the year, they want to get a couple more rate increases in and then the open question is how they do it once they start going. David nobody quite knows the answer to that. Rate hikes on the one hand and rolling off the Balance Sheet on the other. Mike there was not a tied to that in the minutes, but there was the interview with bill dudley. Qe lowered Interest Rates. If you start removing it, you will start raising Interest Rates