After last years fiasco. Anna a very warm welcome. I am anna edwards. Manus i am manus cranny. Today is a little bit risque. Hasnt the tboned market that its key boots on. We are going to jackson hole. The market is getting worried about the debt ceiling. States coulde net be under pressure. What does the market do . They want their money and they wanted now. They want a premium. They want it now. They want a premium. They want their money for october and that king in the you curve is because in the yield curve is becoming more pronounced. They want a timely readdressing of the debt ceiling. Manner. A timely anna they are concerned if they do prioritize the repayments, what does that do to the other parts of this spending obligations . It would be in uncharted territory. Well discuss that later. In terms of the reaction, it was interesting when we were covering trump and everything he has to say about the wall and nafta, he didnt seem to move markets all that much. It didnt seem to mak
Welcome closing bell, everybody. Really important last hour of trade. Im mandy drury in for maria bartiromo. Im bill griffith. The dow erasing half of its losses following word that the house is scheduled now to reconvene sunday evening, and, of course, thats helping to spark a turnaround on wall street. The guess is that maybe they will have something to talk about by that time. Maybe they will have a deal to vote on, but were not going to get ahead of ourselves right now. The dow down 70 points and was down 140, something in the lows. Now at 13,044. Yes, we were below 13,000 for a time. The nasdaq is down 17 now at 2973. And the s p 500 index is down eight points right now at 1411. So the tax cuts and spending cuts, theres fear of another u. S. Debt downgrade by the major rating agencies. Will that happen, and will it derail any hopes of a real economic recovery . In todays Closing Bell Exchange lee munson and jared bernstein, cnbc contributor and former chief economist under Vice Pr
Thats an appropriate song for friday the 13th. Good morning. Happy friday. Welcome to Worldwide Exchange on cnbc, im sara eisen. Im glad you reacted to that rather than my quip earlier. My name is wilfred frost. That was the earnings. Yes. You didnt pick up on it, or you are just being mean to me like you have been the last half hour . Long week. Its friday. It looks like sara is upbeat in the last 15 seconds. Just. Lets check in on the global markets. As for u. S. Equity futures, stocks closed lower, but way off the lows of the session. Especially as europe closed yesterday morning, things started to improve in the u. S. Session. Dow futures positive today. Up 11. S p futures up 1 1 2, nasdaq futures up 4, this comes after the nasdaqs first and only down day for 2017. Breaking that tremendous winning streak of five record closes in a row. The dow at one time us with having its worst day of the year, but recovered. Yesterday yields were lower, the reversal of the trump trade, weaker do
The investors are watching for signs of trump progress. And apple is up 24 in the first three months of the year. The best gain that stock has had in five years. And musk for the win. Tesla delivered a record 25,000 cars. Were others able to keep the pace . First up, despite the dow and s p snapping four month win streaks in march investors have reason to smile. Dow and s p each extending the quarterly winning streaks to six while the nasdaq outperforms both in q1 with a 9. 8 gain. April, jim, is seasonally strong. Havent had all three down since 05 in the month. Well get earnings. I think the industrials which have kind of plateaued, the banks, are going to be up first. For the most part if you get the dollar to stay weaker, you hear about International Orders i dont know if anyone saw that european pmi, but europe is strong. They could lead a lot of the industrials. Asia better. But i think that were going to start off coming in hot for earnings season. I think we a lot of companies
Training. We started biweekly meetings with ac transit and other transit providers. I think we are starting to get dialogue and traction along looking at what their expectations are when they are arrive in terms of training, it provisions, layout of what minor tenant improvement that may happen along those lines. So, as dennis mentioned, i think this presentation will demensh on the heavy construction piece and expand a bit on monitoring or informing on what our thoughts and strategies are insureing operational readiness. I developed about 4 our 5 slides for next months to kind of demonstrate our line of thinking and some of the things we initiated with the transit operators how to tackle thal that challenge. On that issue, i r you working closely with ac tenant impruchb provement . I understand equipment and furniture, yeah but in terms of the wiring and all the stuffthat will be all be done . Exactly. They may populate it racks with their equipment so need to tease that out. Relating