Cut. Also ahead, a rough morning for Health Insurers. Medicare investment rates come in short of expectations. Ge shares have been up sharply. The company now completing its final split by spinning off its Power Generation business. Ge aerospace ceo and larry culp and ge fernova scott stray sikh joining us a little later. We mentioned the tenyear going back close to 4. 4. This started with the ism data yesterday. Its constant. You look at it, just drips and drabs. The market is reacting in a curious way. Yesterday the nasdaq finished up. I thought that was incorrect. These are the stocks that should be getting hit, david. I do think this is a very important moment in the market because we had for dot ten about ra rates. Well, we did yesterday. A mistake for the nasdaq to be up . What does that even mean . I mean if rates go up, you want to sell the high multiples you also want to keep an eye on the companies that have a debt stack that needs to be refinanced. There were hopes at the ea
Good buy into early end and maybe beyond. But lets start with todays rally. Joining our exchange today is jim kahn, sarge gilfoy, and Rick Santelli at the cme. Rick, im going to start with you if i may ahead of the fed meeting tomorrow weve got a bit of a stealth rally in the pound the pound. The dollar over the last week or so including a little bit today how many rate hikes over the next 13 months are priced in you know, i dont know that much of the dollar activity that were seeing today is necessarily predicated on what investors think about 2018 whether its two, three, some are saying four. I really think its more of a function of the u. S. Market kind of bucking the trends of europe, the spreads of our treasuries especially the long end is distancing itself from the yields of the long end of europe and as that occurs, if you were to put that on a chart, the differential at 210 basis points seems to be one of the factors that could be dragging the dollar up a bit. More in a yearend
Agenda including immigration and trade. The president will deliver his first state of the Union Address. The theme of the address is building a safe, strong and proud america, which is exactly what the president has work to do during his first year in office. To get ahead of what the president will say in his remarks, but it will obviously be must watch tv. Maria will have full coverage and analysis of the state of union taking the podium at 9 00 p. M. Eastern time. Previewing and analyzing beforeandafter. Does making Major Investments here to the tax reform package. Exxonmobil yesterday announcing it will spend more than 50 billion in the u. S. A. To ask at its business. Good news for the American Economy for nancy pelosi insisting that threats to the economy of the darkest cloud. Republicans firing back through real hard about coming out. The momentum down today down 167 points concerning this morning over Rising Interest Rates weigh on investors. The 10 year treasury yielded to. 69
This is just about him that hes losing which means he really doesnt have what it takes to hold his job. Theres a lot of time in this job where things dont go your way. Maria we are following it all as the candidates hit the swing states today. American Service Member killed in iraq, details of battle for mosul claims first u. S. Casualty. The massive data set at the nsa, breathtaking amount of secrets that may have been revealed in decades long betrayal. Wikileaks targets the oval office, president obama, president bill clinton. New details in Kim Kardashian robbery. Futures indicating a lower open forking the broader averages today. Investors are awaiting earnings from machine on the ealdz, General Electric among those coming up before the opening bell this morning. That will set the tone. In Europe Markets relatively flat. There you go. Mixed actually, ftse is up fractional. Cac in paris is flat down a fraction. So we have mixed performances in the euro zone. Met life sending the pea
Over the weekend. He said given that the senate is in recess, we dont expect the president to rush this through this week but instead well do so in due time once the senate furnishes recess. At that point we expect to consider the nominee. Senate comes back in session next week on the 22nd. But Majority Leader Mitch Mcconnell who controls the clock on all of this doesnt sound like he wants to do this before the president ial election. He put out a competing statement that said quote the American People should have the next Supreme Court justice therefore this vacancy should not be filled until we have a new president. Charles. Thank you very much, peter. Well, of course republicans want to keep conservative majority and they hope to drag this out past election, here with more on the rules that actually surround the confirmation process. Thanks a lot for joining us, david, because weve heard everything from historical precedence to every other strategy out there. How would this likely p