On Economic Optimism around tax reform. This is an appropriate week for that last one. Basically inline, isn manufacturing index, month of november. Major averages, not much of an influence. We are looking at a small decline. In recordt putting highs. We have had several record highs in a row for the dow, but this is the first down day in six for the dow, at least right now. The tech heavy nasdaq down nearly half a percent. This week has been about a lot of volatility. As you look at the fiveday chart of the nasdaq 100, monday and tuesday flat, and a big on wednesday, a tech selloff. A bit of a rebound yesterday. Now, we are looking at a drop again. The nasdaq down about 1 . The dow one pays for its best week of the year. A do in terms of volatility. About 15, closer to 16. The s p 500 vix closer to 11. Interesting to see how all of this plays out. Volatility tends to breed volatility. There may be more intraday and closing day moves ahead. We do have november auto sales out. A bit of
Good morning, welcome to squawk alley. With me here at post 9, Kayla Tausche back again all three major averages hitting record highs the dow at one point within 150 points of 25,000 its backed away from that a bit, but were still keeping an eye on it. For more, philip swagle and jim paulson, chief investment strategist welcome to both of you jim, we keep hearing simultaneously that the market is rising on tax reform optimism and also that tax reform is priced in. Which is it . Well, its hard to argue that its priced in when it keeps going up every day thats for sure. I dont know what has not been vetted by the market as far as this tax policy is concerned the news has been out there for some time. People got a very good idea exactly what its going to be and already have adjusted their earnings estimates and so forth, so i sort of lean in the camp, too, that even though theyll probably pass it this week, most of that is included in the market here, but its hard to get in front of a one
What he said and well its all wrong and elon muck is taking on ford he say test it is la pickup truck is coming soon and bigger and better than f150 varnmy and company starts right now. Charles all right take a look at that, that baby is cold outside and by the way it is getting colder and were togs windchill numbers frigid weather the midwest i lived there for a year and a half i bet you it is like minus 20 below but kansas city can boast about being a balmy 2 degrees. With a rally hit dow 25,000 in 2017, and, of course, now that the tax deal is done a lot of focus on what is next on the the trump agenda for his administration and a pouked on trillion dollar infrastructure that package is on the docket now remember when Senate Minority leader Chuck Schumer said he would work with President Trump on Infrastructure Spending you dont remember roll that tape. To join us we expwrea democrats are talking about this and a bill long before donald trump was campaigning for the president. Now w
I mean this is a lie from london also coming up the program. We know. Theres. The u. S. Secretary of state sends a message to north korea a nuclear pyongyang is not acceptable. Frances expresses pain and shame over sex abuse by priests. And the stock market milestone in the United States the Dow Jones Industrial average hits twenty six thousand points for the first time. Donald trump threatened to pull aid from palestinians any of this month in a post on twitter and he now appears to have gone through with the threat the u. S. Government has announced it will withhold sixty five Million Dollars in money to the palestinians its a move that could prove kind of straw for hundreds of thousands of people in need. Audra is providing Vital Services to the Palestinian Refugee population both in the occupied territories and in jordan. And in. Lebanon. Those services are of extreme importance not only for the well being of these populations and that is syrias you many daily and concern he but al
Holds back sixty five Million Dollars in aid for palestinians in line with a threat made by double trump just weeks ago on twitter. We cannot and will not accept you as a nuclear state. The u. S. Secretary of state sends a message to north korea a nuclear pyongyang is not acceptable. Pope francis expresses pain and shame over sex abuse by priests in chile. In doha with all the baseball including well larry. Im here not to tell someone but to tell every almost one hundred victims of sexual abuse by a u. S. Gymnastics team doctor tell a judge these stories as he prepares to be sentenced. So then donald trump has threatened to pull a. From palestinians earlier this month in a post on twitter and he now appears to have gone through with that threat the u. S. Government has announced it will withhold sixty five Million Dollars in money earmarked for palestinians its a move that could prove catastrophic for hundreds of thousands of people in need lets go straight to our diplomatic editor jam