Microsoft was up by about 7 if you watch this morning, dow futures are indicated up s p up by 11 and up by 55 points the treasury yield looking below where we are now the yield on the 10year last i checked weve gotten used to that 0. 8 range. 0. 7 in that area now. Andrew becky, it appears weve found a bottom we have an update on the numbers to bring to you. New york has more thans the epih more than 61,000 of those cases. New york governor made this appeal for Health Care Workers across the county to come help new york as governor of new york, i am asking Health Care Professionals across the country if you dont have a Health Care Crisis in your community, please come help us in new york now we need relief Governor Cuomo said new yorkers havent been doing well with social distancing and he implored the public to be responsible and stay home. A hospital built in central park will officially open today located in front of mount sinai hospital up in the 90s there on the east side. It hold
With Steve Liesman and fresh comments frommed fed chairman. Jerome powell sieve times said Interest Rate policy depends on the Economic Data he added the economy is overall in good shape despite troubles on the horizontale many indicator show a strong labor market solid job gates. Unemployment at half century low and rising prime i age participation. There are risks. Prin will i from Global Developments growth around the world mass weakened the last year and a half and uncertainties apprehend trade and, brexit and other issues close risks whats did are does it mean for the outlook process . He appeared neutral about what the fed would do at the late october meeting. Markets took his comments as affirming expect aches for rate cuts jp morgan if the fed leadership wanted to push back gesticulate against expectations we think powell would have chosen language not calling out downside risk. Speaking in denver, the fed chair said the central bank will increase the size of the Balance Sheet
Now. We are at session highs however modest they may be the dow wiping out early losses after white house economic advisers wraps up expectations dont look now, the russell 2000 has entered a death cross well have more on what that is, what it means later, kelly, this hour sounds scary. Lets get more on todays big intraday turn around from bob who is watching the action at the New York Stock Exchange. China trade talk moving the market you heard about mr. Kudlow speaking early one of the comments he made, delisting chinese economy not on the table. A bit lart on, this moved the market more importantly here chinese is ready to do a deal on the parts of the negotiations both sides agree upon. This is part of that 80 deal that we have been talking about for many months. Not only did u. S. Stocks move, chinese stocks move to predictably u. S. Cyclical groups moved into positive territory. Serks mis were negative, materials, industrials, banks. Yields moved up. This 80 deal we keep talk abo
Investors eyed events in washington like tax reform and comments from the fed chair nominee. The gains were broad. The closing numbers attention getting. The Dow Jones Industrial ave climbed 255 points to 23,836. The nasdaq added 33. The s p 500 gained 25. Investors were glued to three stories tonight out of our nations capital. We begin with ylan mui on the advancement of the senates tax reform proposal. Reporter the Senate Budget committee voted to move the republican tax plan to the floor today. And that means the gop is on track for a final vote by the end of the week. This was a critical step because there are still several republican senators who are on the fence over this bill. Senator ron johnson of wisconsin says he wants bigger tax cuts for passthrough businesses and senator bob corker of tennessee is worried about the impact on the deficit although he did tell reporters that a broad agreement with gop leadership to ensure that his concerns are addressed. Now, the debate over
The senate floor republicans making lastminute changes to the tax bill before voting begins, and its 11 00 a. M. Here on wall street squawk alley is live good morning, welcome to squawk alley. David faber, Morgan Brennan joining me here this morning carl and sara have the morning off. All right, lets get to the markets this morning kind of a mixed morning for the major averages, following yesterdays recordsetting session which saw the dow break through 24,000 for the First Time Ever on its first daily performance since early march. The nasdaq the only one of the major averages that is in the red right now. The s p had been down most of the session, but recently went into the green beneficiaries of tax reform, certainly, a part of that. Joined right now by brian beltski, as well as Portfolio Manager tony crisenzi. First, a lot of whats been driving the markets is, what i said, expectations we will get a vote on tax reform and it may be one that passes the senate lets get to you monitori