We just saw the chunz delegation depart the office of the u. S. Trade representative en masse every the hours of negotiations the president moments aigt saying it went well. He confirmed he will meet with the chinese top negotiator tomorrow he also answered a question about a possible investigation that he requested china do last week to look into the family of joe biden and possible corruption according to the president that he believes went on there he said its up to china to look into whatever it wants to. But this is an interesting comment given a wrinkle today. Where an outside adviser to the president Michael Pillsbury at the Hudson Institute made comments to the Financial Times saying he raised the issue of the biden was china. Later he acknowledged he discussed the bidens with china well back to fast money. A scene in shanghai china but it was china that brought it up and not a discussion at the earlier today as the brooklyn behest of the president. Thats a cloud hanging over a
Last week. Overnight, in asia, japans nikkei topped 40,000 for the first time. Stronger corporate earnings and surge of chip stocks with Artificial Intelligence playing things up. The nikkei above 40,000. If you look back here in the United States, the treasury markets show yields are higher. Tenyear yielding 4. 2 . The price of bitcoin has been impossible to stop lately. You will see it is up another 3. 7 . Above 65,000. It will be a new high. Theoretically. We are watching crude prices inching up toward 80. The high end of the range. 79. 68. Opec plus countries delaying production. That means 2. 2 Million Barrels per day of cuts planned for the First Quarter of the year will continue into the next quarter. We will talk more about this and the implications with helima croft in the 8 00 hour. Congressional leaders released the details of the first six budget bills to keep the government funded. Democrats secured full funding of the special Food Assistance program for women, infants and
Biggest Earnings Report this quarter. What is at stake when nvidia delivers results tomorrow . Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, karen finerfinerma steve grasso, and guy adami. And we begin with a staggering result. 103 million americans cannot afford a newly built home. Thats 30 million plus since 2021. We just got results from Toll Brothers, which beat earnings andsales estimates and raised fullyear delivery guidance. That stock is higher by a percent. For more on both these stories, lets bring in diana olick. First, that pop in toll. Yeah, toll did really well, beat expectations, but i have to say, Toll Brothers are not emergency dependent. In fact, theyve said that 25 of toll buyers buy in all cash, so, even though Mortgage Rates went up, you didnt see the effect that you may see on some of the other Home Builders. But you were talking about affordability. Lets get to that. When you combine higher home prices with highe
Cryptocurrency. And as big tech races to control your living room, we will hear from the brain behind amazons alexa. First, to our lead. After Senate Republicans passed their version of tax reform in the u. S. , we spent the week exploring the ways the proposed legislation could affect the tech industry. Take a listen. It was a round of applause on capitol hill for gop senators as they passed their version of a tax bill. Pushing the Trump Administration closer to its first piece of signature legislation. Donald trump if they sent it to my desk, i promise all of the people in this room, my friends, so many friends in this room it is a great state i promise you i will sign it. I promise. I will not veto that bill. Reporter Tech Companies have spent big to make sure their interests are heard. Big tech stands to benefit from the legislation in a few ways. The latest bill would slash the corporate rate from 35 to 20 . Although according to goldman sachs, the tech sector already benefits fro
Shanghai was off by 1. 25 . If you look at whats been happening with some early trading, green arrows for the most part. But youre looking at fractional advances the dax is up, just barely cac up by a quarter percent, so is the ftse. Look at crude oil. Up by 1. 1 yesterday settling just below 58 a barrel that was the highest level in almost 32 weeks. Today were at 58. 36 that was the 67th or 68th new high yesterday of the year yeah. Could be another one tomorrow. Andrew is finally coming to the train. Youre getting on the train left the station. Were on the bitcoin train now that train maybe left a long time ago where is the train that left newark he said sao paolo. They offloaded it on to a boat, crossed the water heading to the south pole you did cop to that yesterday. Im i wish i didnt have to but i do. Calling the trump trade and Everything Else i do. A number of big stories to tell you about. We are continuing to follow a developing story out of Southern California crews are despe