Pete, our story, they say, we expect trumps tax changes to be b voted on by congress, boosting sentiment and growth in the u. S. And risk appetite. I think thats something a lot of us have been talking about for a while now and while youre waiting, if you look at volatility where it is trading now and you see how low it is and you have an opportunity to protect and ride the bull market, why wouldnt you . Theyve heard the pessimism, all the reasons why not to be in the market. If you look at this earnings season, when you look tat xaat companies and how well they performed, financials, they reported great numbers. Now, the performance has not been there and thats probably because the huge move post election. Doc, they say maybe the market got ahead of itself with this whole notion of reflation because of the president s agenda. But its going to pick up and pick up strong into the second half of the year. Theres not pessimism in the markets. There might be pessimism about other thick thi
Welcome to power lunch. Im becky quick. Take a look at the markets at this hour, check things out, youll see theyre barely bud budging when it comes to these markets. The dow is flat, so is the s p 500. The nasdaq not even moving by a point. Its the first up day in the last three trading sessions, but up by a point. Oil prices, off a cliff there. Financials are leading the pack with Goldman Sachs among the top performers in the dow. And its another bad day for macys. That stock hitting levels that we havent seen since 2011. All right, becky. Also happening this hour, Global Economic growth should come in at its highest level in six years, but the oecd did cut their forecast for the american economy. Can the president really deliver on his promise for 3 growth . Plus, two Intelligence Agency chiefs saying today they never felt pressure from the president to intervene in the russia probe. All of this comes ahead of james coyles testimony tomorrow. And on a lighter note, go get your ticke
Lutnick and doug cifu to tell us how the increase in passive investing is impacting their businesses. And macys is reportedly considering putting a part on the Flagship Store in new york city. Were so desperate for grass, i think people will go anywhere in this city, central park gets a little crowded and 34th, they could use some grass in that area. Go up to macys now, you can find it. But is that the thing thats going to get people into the store if theyre going up there . Anyway, the reason we showed you a picture of daymond john, hes with us today, of course, from shark tank and a very, very successful entrepreneur on his own, especially when it comes to branding. And were going to talk about branding in retail among other areas, coming up with daymond in a little bit. But first, we begin with this decline in oil today. Here go the inventory numbers, wreak havoc in the oil markets again. Jackie deangelis is at cnbcs commodities desk with that. Jackie d. . Hey, bill. Crude oil break
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