Quorum call quorum call a senator mr. President. The presiding officer the senator from mississippi. A senator i ask unanimous consent that the quorum call be vitiated. The presiding officer without objection. Under the previous order, the senate will proceed to legislative session. The house lays before the senate the conference report to h. R. 2810. The clerk the committee of conference of disagreeing votes on the amendment to the bill h. R. 2810 to authorize appropriations for fiscal year 2018 for military activities for the department of defense, for military construction, and for defense activity at the department of energy, to provide personnel strength for such year, and that the house agree to the same with an amendment and the senate agree to the same signed by a majority of the conferees on the part of both houses. The presiding officer the senator from mississippi. Mr. Wicker i ask unanimous consent that all time be considered yielded back. The presiding officer is there obj
President trump calling on congress for 1. 5 trillion bill to help fix the country crumbling infrastructure tomorrows report, apple gets a downgrade, disappointing iphone demand and the s p 500 the worst day since may of last year despite the sell off though. Almost, six decades heading into the trading section of the month, each 5. 5. Nasdaq is up 7 for the month. 14 record s p 500 closes is the most since 1955. I have to go back, thats seven years. I heard the speech last night, not only the president , hes literally taking credit for the stock market and hesdone lot to make it so that this rally makes sense. You look at the boeing quarter today. You everyone is skeptical and some of them is antitrump. Come on, this economy is thnot that good. You look at the electricity number, they dont lie and you come back and say listen, what do you want how for real do you want it to be what do you need to see . A 6 gdp number . It is real you can make an argument that it is reflected in stock
Were lockstep with europe this is a very big change. You pointed that out a number of times the tenyear note yield creeping up a little bit from the lows we saw last week. Maybe helping firm up the financials just a bit. You see crude there. We just heard, of course, from the treasury secretary of the United States, steven mnuchin. As they wrap up squawk box. Tax reform, its got to be the most significant item on the agenda you know, he seemed to echo comments he made in the past about 15 being a target but not hard and fast. He did say some things in terms of pass throughs when pressed by andrew how are you really going to be able to prevent people from becoming llc and therefore benefitting from the potentially lower tax rate than they would as individuals he said, Service Companies would be one example that were not going to allow im not sure we heard that before in terms of specifics when it comes to how theyre going to sort of thread that, very importantly if everybody becomes a p
Its iphone 10. I want to know what theyre going to do in two years after the iphone 9 is introduced, what are they going to call the next one . Already have an iphone 10. Skip to the 11 . I digress we have all the details of all the new features on that. Plus Business Leaders are making news at cnbc and Institutional Investors delivering alpha conference. Well take you live there in a little bit. Jp morgan chair Ceo Jamie Dimon is about to take the stage any minute now that conference. Well bring it to you live as it happens. Hes already making headlines today saying the bank may no longer give intraquarter trading guidance and saying bitcoin is is a fraud wow that was thats gotten everybodys attention there. Equates it with tulips if you dont know what hes talking about, look it up, kids. Lets start with the breaking news out of apple there in cupertino at the new headquarters Brian Sullivan is there with details. Brian . Reporter hey, bill and kelly, thank you very much a lot to wrap
The classic sell on the news and its not selling all that much on the news. No, and i dont think any of us were calling for a big selloff. I just thought that going into the event, judge, if you could sell at the money calls which i did at 160, at 162 and 164 you would have a cushion do we get into the 150s, could, maybe even the low 150s but im not calling for a 5 , 10 selloff. Im saying its going to be a flat period while we wait for the first phones to make it to market last two days of the quarter really even as, you know, gene munster was calling for a bigger pullback and even some of the things that linked out aday ahead werent even factual so we should have put a caveat out in the first place. Every time they have launched a product theres been an overreaction of what the stock has done in the aftermath of the launch is wall street saying they dont think its a good phone or they are not innovating anymore, et cetera, and i actually got so sick of listening to that as somebody wh