Yields have picked up. Tenyear yield above 5 . That is a significant level. We touched briefly above that for a nanosecond last week. Since then, you have to go back to 2007 when you have seen yields at these levels. 5. 012 for the tenyear yield. By the way, check out energy prices. You will see wti which is off 33 cents. 87. 76. We have merger monday as joe mentioned. Look at what is happening here. Chevron buying hess in the deal of 53 billion. 171 a share. That is a low premium over the Closing Price for hess on friday. Hess shares are up 2. 25 . Chevron down 2. 9 . This deal comes just weeks after exxonmobil made its move to buy pioneer natural resources. Both stocks on the move. Hess ceo john hess will join chevrons board. I just got off the phone with mike wirth. Very low primemium on this. This goes back long before the rumors came out about exxonmobil and pioneer. That deal went through last week. A lot of people thought after the deal, that chevron would look for Something Els
And my view is we need to take transformational reform to solve the too big to fail issue so we never have to ask taxpayers to do that again. Rose and they became vulnerable and could have failed in not rescued because they made such bad bets on subprime. Correct. We had a nationwide housing downturn that none of us predicted. And the banks disn see it either. The regulators didnt see it. And then they ran into trouble. Rose we continue with al hunt on the story with Governor Terry mcauliffe of virginia. You look at how many the democrats start out with and how many the republicans. We have a huge lead in the Electoral College. How do you grow that ledge torral college . Youve got to go to states of new mexico and colorado an nevada with large hispanic populations. They have watched this Republican Debate in the attacks on the hispanic community, on the immigrant community, whatever it may be. This is such a turnoff. And we generally get, you know n this mid 60s percent of the hispanic
And my view is we need to take transformational reform to solve the too big to fail issue so we never have to ask taxpayers to do that again. Rose and they became vulnerable and could have failed in not rescued because they made such bad bets on subprime. Correct. We had a nationwide housing downturn that none of us predicted. And the banks disn see it either. The regulators didnt see it. And then they ran into trouble. Rose we continue with al hunt on the story with Governor Terry mcauliffe of virginia. You look at how many the democrats start out with and how many the republicans. We have a huge lead in the Electoral College. How do you grow that ledge torral college . Youve got to go to states of new mexico and colorado an nevada with large hispanic populations. They have watched this Republican Debate in the attacks on the hispanic community, on the immigrant community, whatever it may be. This is such a turnoff. And we generally get, you know n this mid 60s percent of the hispanic
It was for a moment. Ital ital italys Coalition Looks Like it will survive and the ecb standing pat with Interest Rates. Adp, because of the shutdown, the the only number were expected to get this week comes in under expectations. And george soros making a claim that the euro crisis is over but the European Union may not survive. And what is microsoft without bill gates . Some investors are pushing for gates to be removed from the board. And the three major ipos, brands that you know, well bring you the first trades as soon as they open. First up, futures moving lower on day two of the Government Shutdown, this on which data from adp shows private sector added 166,000 jobs last month, below expectations. The numbers taking on more significance as fridays release of the jobs numbers has been hindered by the showdown. The president hosts 19 ceos at the without today, center stage is jamie dimon and, jim, heres how the papers are playing the shutdown. Heres the journal, capitol digs in fo
The hour. Those stories and much more coming up on the kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. We are live at cnbc headquarters. The house is voting this hour on the gop spending plan d. This is a piece meal approach to reopen small portions of the federal government. Their plan, separate bills to fund the National Park service, part of the departments of veterans affairs, and operations for the district of columbia. So far Senate Democrats have rebuffed the house four times and have been unwilling to negotiate. So even if somebody wants to appeal obama care, and i do, and you know i want to appeal it, i must say to the gop, you fought the good fight. More people now know that the economic and Health Dangers of the Central Planning obama care which cannot work, youre right, but now is the time to back off. Now is the time to move on. Even powerhouse Football Team university of alabama punts once in a while to get better fie