The ninth day. Ng a gauge is having a tenday stretch. All of these currencies, sterling is rising against the dollar. Commodities are your final. Take a look at the difference between a article and spains 10 year yield. Followup from the referendum in catalonia has highlighted the performance between the two neighbors. Security upgrades are in a fitting from last weeks upgrade from Standard Poors area Standard Poors. That is a fascinating chart, keep an eye on that is the week progresses. We have some Construction Data in the u. K. , shrinking for the first time in more than a year in september. Frexit is weighing on manufacturing. Sinces the weakest level the aftermath of the referendum last year, weaker than economist estimated, that means it is contracting. Business optimism last month fell off according to the survey which highlights how brexit uncertainty is affecting investment decisions. This could have a bearing on boe officials who are signaling course for a rate increase, as
[inaudible conversations] [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] testing microphone. [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] today the first and oldest committee on congress, the ways and Means Committee begins consideration to tax cuts and jobs act. Historic legislation to bring lasting tax relief to workers families and to our job creators throughout this nation. Before bin we begin, we all recognize terrible tragedy, the shooting at the First Baptist church in Sutherland Springs texas. All our hearts are heavy. Our prayers go out to the families and the loved ones, 26 victims as well as the ten texans fighting for their lives as we convene today. Our prayers are with you. It has been or than three decades since americas tax code was reformed under president ronaldhr
Slashing its stake in ibm, if you are tempted to sell, you may want to start off with first what looks like paradise. We got strong earnings, strong jobs report. The house passes its first steps to repeal and replace obamacare. Oil and interest lates are low. So, two questions here tonight. Is this stock paradise and if it is, what are you buying, guy . Its been stock paradise now for the last seemingly seven, eight years, i think it continues to be, regardless of whether or not a tick should be and the easiest trade if there are easy trades is the financials in the form of the x lf against the 23 level, which we flagged. Tim talked about it a couple weeks ago and j. P. Morgan which traded down to a critical level of 84 bucks. Both of them closing on change today. Few look for riskreward in this environment, i think both those trades work. There is a battlegrounds setting up for the 24 level in the s p cash. This to me speaks to how bad corporations thought the last eight years were. T
Mitch mcconnell released his new Health Care Bill today, trying to gain support by letting insurers sell lowcost policies and reaching for moderates with added aliens to combat added billions to combat opioid abuse. Confrontationsed across the congress, numerous meetings with constituents, and conversations with members, our congress has a dated last months draft with additional provisions to make it stronger. Mark with democrats uniformly opposing the effort, mcconnell leads 50 out of 52 gop votes to prevail. Theresa may has unveiled a landmark law that would remove britain from the european union, aimed at transferring eu laws onto the british statute vote when brexit takes place in march of 2019. It would hand the government two years to alter u. K. Laws through a fasttrack process. Rex tillerson has wrapped up his tour of the persian gulf with little sign of progress and breaking a deadlock between kutcher and four and qatar and four neighbors isolating it. Withtary tillerson met q
Capital. Happening right now, President Trump giving senators both a prep talk and beattodown, too, r not getting the health care over the finish lime. Eamon javers is at the white house. Eamon. Reporter thats right. I can tell you that we know some of what he has said to these republican senators. Hes gathering them here to talk about ways forward on the Obamacare Repeal and replace effort which was all but dead earlier this week. Today the president says he wants to continue to push forward. He says ultimately that we have no choice. We have to repeal and replace obamacare. The best option is repeal and replace even though the president suggested early that maybe the best option was to repeal obamacare and wait to replace it until sometime in the indefinite future. Today, the president saying that obamacare was a big lie. It was a lie directly from the president. That was from president obama. He also says that he thinks the senators should stay in town until they have the opportunit