Minutes into the monday session. The two boxes i want to for you is frances index. The euro down by 6 10 of 1 . It was up over a quarter of 1 . The macron presidency should help the euro dr. Should up 116eurodollar leading to for euro swissie. Those of the key assets to watch out for today. Yields are creeping up across the eurozone. We will talk with about oil. Lets get the corporate news. His is a oneyear chart rejecting ppg industries. Define pressure from shareholders to engage with its bid. R over its 27 billion rejected to offers from ppg saying they were too low and not worthy of discussion. The chief executive of accel proposed splitting up the company and splitting it up and rewarding shareholders with a high dividend. One of those other shareholders are going to think what are those shareholders think . That preorders expanding for second month. Orders are adjusted to inflation and rose rose above the estimate. Saying economy gathered momentum in the First Quarter on the back
Adam shapiro joins us with all the details. Reporter its important to know in regards to tax reform, they have always been on separate tracks. Tax reform will be guided by what will eventually be the 2018 budget resolution in the house and senate. Tax reform according to chairman kevin brady of the ways and Means Committee not in jeopardy. But with healthcare, you saw what happened today. Lets look at the three nors who for lack of a better term killed the repeal of obamacare. Yet there may be at the end of the kay the ability to come together, democrats and republicans. Let obamacare fail. It will be a lot easier. I think we are probably in that position where well let obamacare fail. Im not going to own it. The republicans are not going to own it. Well let obamacare fail and then the democrats will come to us and say how do we fix it or come up with a new plan. Reporter the democrats are quick to shoot back saying the president wants to sabotage income the United States. The presiden
Intensifies, the u. S. Confirms a plan of attack using b1 bombers, north korea has detailed a plan to lob missiles within guam. A load of nonsense say the North Koreans. At this point its a war of words, nobody backing down. Time is running out for divided Republican Party to get anything done and who knows what happens with north korea. This is prime time for vacations and they just teed off to start the pga championship. That guy Jordan Spieth, if he wins, he joins exclusive golfers who won all four majors. Stay right there, Varney Company is about to begin. Stuart did i say the market is a little edgy . I think i can say that seriously. We are going to be down 60odd points when the markets open this morning. All the leading indicators are down. Problems with the republicans, the president and north koreament down we go at the korea, down at the opening bell. Lets get to north korea. I want to bring in former cia Operations Officer brian dean, welcome to the program. Maybe im naive b
Linking russian involvement in the election. Well speak with a former operative who questioned the cias sources on this. David . David very interesting. Back to the markets. The dow closing at a brand new record high. Call it paul krugman high, how about that . 15th since the election. Were about 200 points away from dow 20k. Johnson johnson, pfizer, walmart among todays biggest boehners. Oil driving ahead as well. Phil flynn watching action in oil and gold from the cme. We have lori rothman at the nyse. Phil first. What is driving oil up, phil . Boy, what is it, history, that opecnonopec accord. A lot of people said they couldnt get it done. They did it over weekend. Prices are up higher when they actually closed. They were up 2 1 2 . On the market sunday night it was up 5 . It pulled back quite a bit. One of the reasons it pulled back a lot of hedge funds pot long on rumor the deal was going to get done and took profits ahead of the fed announcement that will come out tomorrow. They
And others are all advocating for more funding and support for science and Climate Change solutions. Todays march coming just one week before the president s 100day mark and while this administration is expediting the socalled to do list with health care and tax reform, new cnn reporting is revealing new details about alleged ties between russia and the 2016 election. Cnn justice correspondent pamela brown has more details on how russia might have used trump advisers to infiltrate the Trump Campaign. Pamela . Weve learned the fbi gathered intelligence last summer that suggest russian operatives tried to use trump advisers including carter page to infiltrate the Trump Campaign. Carter pages critical speech against russia in july of 2016 is one factor. Its part of what raised concerns in the bureau that he may have been compromised by russian intelligence, but the new information adds to this emerging pick titure of how russ tried to influence the 2016 election not only through email hac