The way up into these numbers. I think well start to see some of the numbers actually come back into these financials theyve lagged, they havent performed. They had that great run after the president was elected and theyve basically poaused. I think its ready to finally start to break to the upside weve seen the kind of option activity that tells us right now, its not just the individual names, the entire xlf. People come in there and buying huge numbers there, looking for more upside. And it doesnt headquarter that yield curve have been cooperating so far this week in just the past week, were up about 0. 1 on the tenyear yield curve. But its not even just about where rates are going with the financial names that were in. Theres so many other reasons to own these big banks, and especially with ccar coming later on today, its a situation where youre going to start to see some of those buybacks potentially coming back. You already heard yellen talk about the strength of the banks already
Pay safe shares rocket to the top of the stoxx 600 after a consortium by blackstone bid for the Payments Firm. Mediterranean delight for vodafone the mobile operator calls in with forecast topping numbers on the back of a Strong Performance in italy and spain, sending shares higher. Dimming down on sales. Philips lighting posts a 2 decline for its professional lighting arm, despite a beat on core earnings. The companys ceo tells cnbc that growth will return. We were declining by 2. 4 for the full year of 2016, we have been declining by 1. 3 for the first semester of 2017 we will go back to growth in the course of the second half of 2017 its a choppy start to trade today in europe with mixed colors across the board. Some red, some green, remembering that yesterday was really a Currency Movement that was driving stocks a stronger euro took its toll on european markets were seeing euro stoxx 600 not down too much, only by around 0. 07 . Ftse 100 is in the green but just holding on to gain
The gun to Pass Health Care reform. With key votes expected to run into the wee hours of the night. Were following all of the action for you. Full coverage and analysis from capitol hill whats happening right now. Meanwhile, the white house and Republican Leaders just issuing a joint statement on tax reform. Whats being proposed now and whats been taken out. Ecommerce giant amazon reporting results any moment. Big anticipation for this report. Were going to bring you the numbers right when they come out. David back to the markets and dow, the only winner among the major averages today, closing at another brandnew record high. Straight to Nicole Petallides on the floor of the nyse, you got to tell us what made it turn around, the market looked like the red territory, the dow did, and then it popped. Why . Reporter a couple of notes out today. One from jpmorgan and one from goldman sachs. Jpmorgan note sent caution about everything from low volatility, the unwinding of the Central Bank B
Breakfast. House is about to go on their muchdeserved august recess, recharging their batteries after all that hard work. They were going to start picking items off the top of the docket and something happened on the road to greatness. The wheels fell off the wagon. Republicans used to be the party of limited government. But they are like shopaholics with add. The healthcare fight has thus far been bloody and pointless. On meaningful tax remoral will only happen if these weasley wheel spinners can pass something resembling a budget. Lawmakers spend too much and raid your piggy bank to fund their projects. When they are not paralyzed by fear, they are waste any draining our wallet or running for reelection. They are mobile only good it growth economy. Congress, grow up and do whats right for the country. Stop stealing, go back to work and give us back what is rightfully ours. Im kennedy. Should the house be getting up from the table with so much left on their plate . Louie gohmert joins
White house chief of staff. He is a grate american. I would like to thank Reince Priebus for his service and dedication to his country. We accomplished a lot together, and i am proud of him. When asked about the move, the president praised both men. General kelly has been a star, done an incredible job thus far, and respending by everybody. A great american. Reince priebus a good man. Thank you very much. Reporter priebus issuing this statement, saying it its beene of the greatest honors of my life to serve the president and this country. I will continue to serve as a strong supporter of the president s agenda and policies. I cant think of a better person than general john kelly to succeed me. I wish him gods blessings and great success. Ed rollins who served in three president ial administrations. Called the dean. Ed, you were just telling me outside the studio, given the week the white house happened, this is a hail mary pass. Ed i feel for priebus. He was a great party chairman. He