Yes, im sorry i did not mean to say that it would create a problem. We want to allow it that process to occur in a gradual and orderly way. It wasnt just allowing them to mature. When they mature they roll off. Yes, it is orderly, and thats why we intend to do it that way. But you have not started yet . Youre reinvesting now. Im just curious why it doesnt seem to i agree it is orderly and that is our dire to have to be an orderly process which is why we intend to allow those assets to run off as principal matures. We recognize that allowing that process to occur results in some tightening of financial conditions. And so before we turn that process on, and start it, we want to make sure that we have adequate ability through our normal overnight Interest Rate moves to meet the needs of the economy, particularly if it were to weaken some, which would be a long process if it is running off we want to make sure we have enough scope and the economy is Strong Enough that runoff would not crea
Squawk alley. Morgan, thank you very much. Good morning. It is 8 00 a. M. At snap headquarters in venice beach, 11 00 a. M. On wall street, and squawk alley is live. Starting from the bottom, now were here starting from the bottom, now my whole team here startied from the bottom, now were here started from the bottom, now the whole team here good thursday morning. Welcome to squawk alley. Jon fortt, sara eisen with me here at post 9 along with Business Insider ceo henry blodget. Good to see you this morning. Good to see you. Eight years in and still going strong. The s p rallying nearly 250 since hitting that closing low of just over 676 on this day in 2009. This is the second longest bull market ever. Oil, on the other hand, falling below 50 for the first time this year. Of course, had the worst day yesterday in about 11 months. Just to put the rally into perspective, henry, would you have been skeptical of for a long time, more now than ever . Yes. The higher we go on valuation basis
The companys relationship with china and any trade concerns. Ginni rometty interview is coming up. Kayla tausche is on capitol hill. And bob pisani on the floor. And better thrtha coombs at the. Theyre still trying to convince the Freedom Caucus . This was supposed to be the low hanging fruit and the promise of President Trumps progrowth policies coming to bear depends on what happens this thursday when House Republicans are set to vote on the American Health care act. President trump meeting with republicans at the white house this afternoon to discuss the bill further, having posted photos on instragram with Health Republicans this morning and the hash tag pa pass the bill. They say it is just business as usual trying to get a deal done. If the house passes something, ill bring it up and then well bring egin to work o in the senate and youll have lots of stories about various people lobbying for different parts of it and well try to move it across the floor next week. He said earlier
Overall. You can see germanys dax regaining some of the losses, france is the only major indices in the red right now. The tenyear note yield very important, one of the reasons why the financials have performed so poorly and there is that yield, down just a bit, 2. 362, although this is right around where we were yesterday. As for oil, up and up rather nicely. And the latest s p case shiller home prices report, prices up 5. 9 in january compared to a yearni year ago, faster than the 5. 6 economists had been predicting. As for the road map, ford expected to announce significant new u. S. Manufacturing investments this morning. The automaker receiving high praise from the president. Plus futures are pointing to say flat open, the dow seeking to reverse course from the longest losing streak now since 2011, six years, and yum brand ceo reid will sit down exclusively with our own sarah eisen. Nobody elses. She is a road warrior. Lets deal with the bond issue up front, about an hour ago we g
What stocks staen to benefit from tax reform . Goldman sachs has a basket of names set to outperform. Elon musk is trolling his haters on twitter after the companys stock surge pushed its market cap above ford for the first time. The president scheduled to hold a town hall meeting with 50 Business Leaders. Among those slated the ceo of citigroup, blackstone, mast ecard and jetblue, it he will focus on improving the Business Climate discussions about infrastructure and jobs. Beth comstock from ge, tom farley from the nyse, john paulson, steve roth, largely new yorkbased. Jim . Got some wall people there and private equity, mike corbett obviously someone who would be able to talk about deregulation. Yesterday theres full scale assault halftime i think the deregulation is so important. Please, with enit comes to the banks, its pretty much everything. Maybe this is back on track. Maybe this is what was doing well. Now there are a lot of people who feel that what happened with health care w