We are inches away from the record. Futures steady as we wait for the fed at 2 00. Tech titans will meet with donald trump today at trump tower. Were going live to midtown manhattan, watch them as they walk in. Two new names officially announced to take a spot in goldman. More on the changes. First, 89 points, thats how much it will take for the dow to hit 20k. The blue chips coming off their 16th record closing high. S p and nasdaq hitting record territory. All aed head of the feds rate announcement at 2 00. Live coverage will begin right here on cnbc at that time. We will get the forecast. Well get the dot plots and the q a. I have to tell you that Interest Rates are down today. You can see how this market is changed. Oil is not up. Interest rates are down. The futures are not higher. The banks have a lot of people feel like that the banks are the ones for this rate hike. Even the rate hike is now baked in or maybe feel that some people feel the economy has peaked out for the moment.
Sanctions would be relaxed when President Trump took office. Flynn denied having that conversation with the russians and even told the Current Administration it didnt happen. That he would mislead the American People about what he discussed with a russian ambassador, that makes him, i think, if true, patently unfit for office. Now taking over for the time being is retired army general keith kellogg. Hes on the short list to replace flynn along with former cia director david me trayhouse we are following this developing story and will have another update at 6 00. For now reporting live in the breaking news center, katy zachry, nbc 10 news. U. S. Senate confirmed President Trumps pick for treasury secretary. Former goldman sax banker steve mnuchin. Republicans say his strong background in finance makes him a good pick to run the treasury department. Va also has a new leader. Senate confirmed President Trumps pick to lead the department of veterans affairs. Shul kinkin. Williams no longer
Points. That is the big question, is the market ready for a hike . The market is asking for a hike. The market is sitting up and begging for the hike, do the hike. You have a window. You have incredible momentum in the way people feel about the economy, all of the soft readings and things like Small Business confidence, home builder confidence, consumer confidence. This is the time to do these things. Dont wait until the next geopolitical whatever, which is probably right around the corner. I think the market wants it and expects it. If the market for some reason doesnt get it, do you think the market is going to sell off, right . I think it would. I think it would come back pretty quickly. It is not only about the hike but about the language that accompanies the hike. In my view, not only do i agree with josh in terms of market wanting and being ready for it. I think it is also ready for some firmer language in terms of the fed being more aggressive going forward. Everybody, consensus
Senator jay walden to be recognized by President Trump to be the head of the securities and Exchange Commission. This is two hours and 25 minutes. The meeting will come to order. This morning we will hear testimony of jay clayton be the head of the securities and Exchange Commission. He has extensive experience in the markets as a highly decorated securities trader. He has helped to inkrecrease th ability of those to invest in the united states. One area na mr. Clayton has said that he will focus on is market formation. The access is the lifeblood of the economy. The jobs act helped to revitalize the primary markets in congress and the s. E. C. Should continue to find ways to help companies to go public to allow the investors the share in their success. Recently, this committee marked up several bipartisan securities bills, and we encourage you, mr. Clayton, if confirmed to help others identify securities area, which could use legislative improvement. The s. E. C. Has a important three
Senator jay walden to be recognized by President Trump to be the head of the securities and Exchange Commission. This is two hours and 25 minutes. The meeting will come to order. This morning we will hear testimony of jay clayton be the head of the securities and Exchange Commission. He has extensive experience in the markets as a highly decorated securities trader. He has helped to inkrecrease th ability of those to invest in the united states. One area na mr. Clayton has said that he will focus on is market formation. The access is the lifeblood of the economy. The jobs act helped to revitalize the primary markets in congress and the s. E. C. Should continue to find ways to help companies to go public to allow the investors the share in their success. Recently, this committee marked up several bipartisan securities bills, and we encourage you, mr. Clayton, if confirmed to help others identify securities area, which could use legislative improvement. The s. E. C. Has a important three