Or certainly at the white house for us today. Outside im told, forgive me. Eamon, what are you expectations today . That the president is going to talk about an infrastructure proposal here, a piece of a larger agenda theyre going to roll out later in the year. Were talking to white house officials before this event as we wait for the president to come in and were seeing theyre going to break this out as a separate piece. The air Traffic Control privatization piece then later, theyre going to introduce a broad Infrastructure Program and they expect this will be a only piece of the agenda that will be broken out and go a separate track. The rest of it, theyre optimistic they can have done by the enof the year. There is the president of the United States at the microphone right now. Thank you very much. Thank you, mike. I really appreciate everything and i appreciate your being here. But i up want to thank secretary chow leader kevin mccarthy, thank you, kefren. Chairman bill shumooser a
Of the Balance Sheet . Those questions will probably be asked in my guess is she will not give us an answer. Interestsin her best but she might give reassurance that they are on the same path and will continue another rate increase this year and a winding down before the end of the year. We will have to wait and see. You brought up Financial Stability, morgan philly Morgan Stanley out that the fed is growing more concerned about valuations in at the markets and want to keep a close eye which is a message mario draghi brought to the ecb gathering in central portugal. David it reminds me of the highback chairs there. How cognizant is the fed about to the market . Michael there has been a feeling in the markets if the markets react badly to something the fed does, the fed will that off and that started with a taper tantrum. Been verye fed has closely watched in terms of Market Reaction and the janet yellen works to minimize that. Said officials will tell you they do not care. What they ca
Lauren lets check out the stocks. Cheryl get ready for one of the biggest shopping days of the year, amazon prime day, we will tell you about some of the best deals and we are also going to take a closer look at the stock. Lauren my fingertips are ready. Add wimbledon rising backlash against the player who lost but bragged about all of the must be he made. We have all the stories. Cheryl 5 01 a. M. Here in new york. Monday july 10th, good morning, everybody. Im cheryl casone. Lauren im lauren simonetti, welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. Cheryl washington now back from the recess and we have a lot of breaking news this morning because that clock now ticking as congress is returning from the july 4th rez with the Health Care Bill deadline now to be in rejerd my. Senate republicans still looking for a plan to repeal and replace obamacare. Senator on Fox News Sunday says he has reservations. Clearly the draft plan is dead,
Is talking about a very powerful deal on trade with britain, done very quickly. You really have to dig through the endless antitrump reporting, but our president is not out in the cold as the media wants you to believe. Thats politics. Now weve got money. Were looking at a stock market thats hovering close to record levels. Well open slightly flat on the dow. The nasdaq is up a bit though. Please remember the dow is only a few points from its alltime record high. Watch out tonight, 9 p. M. Eastern to be precise, amazon prime days begin. Discounts, special deals for the 79 million american prime members. Big deal indeed. Politics are in total disarray, but your money, its doing okay. Varney company about to begin. All right. Its monday morning, and its july the whatever, the 10th, i think it is. A look at the futures again, please. Were going to be down a fraction for the dow industrials, up for the tech heavy nasdaq. How about this . The yield on the 10year treasury not going that far
In 2018, the margin was too narrow. To kevin cirilli. Andlso have sahil kapur megan murphy. Speaking to you a few hours ago. This is the third version of the Gop Health Care bill. Now, even a repeal one pass. What was senator mcconnell thinking . Mcconnells efforts to put together a straightforward repeal of obamacare have failed with three female senators and saying they will not actually do a vote to have the bill go forward in the senate. This was an interesting political move, it was an attempt by Mitch Mcconnell to in past moves, had voted for the repeal of obamacare. E are in a different political situation of it this has been a disaster. This bill has now failed. But committee exchanges and the Health Care System under obamacare does have severe problems. Both democrats and republicans acknowledge that. Insurers have pulled out, leaving a few number of people providing plans under the Affordable Care act in certain markets as well. Those problems are not going away. To dohe pres