[inaudible conversations] good afternoon thanks for being here. As you know today the House Republicans unveiled a bill to raise taxes on millions of middleclass families borrowing trillions from the future for massive tax breaks to the wealthy and especiallespeciall why to their friends of Corporate America. The American People deserve real, a bipartisan tax reform putting the middle class first with a good paying jobs to reduce the deficit that this republican plan does not do any of that. They say they have a sample family with this much money this much taxes which is important to know what theyre doing what they give with one hand they take away with the other. Raising taxes on millions of middleclass families hoping the American People will not look at this. Members are on the floor of the house who had never even seen this bill. If you are a middleclass family if you own a home or want to you lose. If a sick child or Family Member with longterm medical care needs they take away t
Insurance work like Car Insurance . Would that solve the problem that debate is on tap as power lunch starts right now. All right, welcome to summer, everybody. The Summer Market as well. Stocks in a narrow range energy, though, the best performer in the s p oil doing something it has not done in a while, rising for a fourth straight day. Financials also doing pretty well the big bank etf, the kre and the kbb both near session highs. Theyre on pace for one of their best shake shack higher, despite a note from Goldman Sachs saying earnings could take a hi because of all the rain weve had in the northeast goldman noting shake shack has heavy exposure up here many locations have outdoor seating. Also, darden rallying on its earnings beat, the restaurant chain raising its Quarterly Dividend 12 tyler. Welcome, everybody. Im Tyler Mathisen and heres what else is happening this hour fed chair janet yellen speaking in london on the state of the economy. Shes expected to take questions. Will sh
Bestselling has e selling has ebbed somewhat. David we get the advanced goods trade balance for the month of may. At nine 30, ecb president mario draghi, bank of England Governor Mark carney and bank of japan and the bank of Canada Governor will speak at the ecbs forum over in portugal. At 10 00, it is u. S. Pending home sale numbers for the last weeklynd we will get crude inventories data after oil has come off with its most consistent gains in almost a month. Jonathan that is the lineup for the rest of the day. The lineup for the next 10 minutes, if you want political theater, you will want this. The house of commons where Prime Minister theresa may will be taking questions for the First Time Since the general election, pitting her against the labor leader in the opposition, Jeremy Corbyn. T is may versus corbyn you can watch that on your bloomberg terminal. That will begin shortly. Over in the United Kingdom, the story in the world of Central Banks is the fed taking notice of rising
Worldwide exchange. On a monday. Opposite sara eisen alongside mike santoli. Good morning. Happy holidays. Last week 2016 all week playing the top songs of the year. Might be the first time i hear some of them. I have to admit. So sad. We are all over the trending music here on Worldwide Exchange. Lets check in on the Global Markets first thing this morning. Lets take a look. We have a futures i think trading pretty quietly just below, slight lie below fair value on the s p, the dow. The dow still within hailing distance of the 20,000 mark. Made a near approach last week but flattened out. Seven straight weeks in a row. Take a look at the bond market what its doing this morning. Or do we have Global Markets the ten year trying to come up here. But youre right. 13 points away. Just 13 points away. We calculated few cents on each dow but never got there. Ten year note yield somewhat higher. 256. We may the high on the yield on the 15th of december about 2. 6 and hovered right there as we
The stoxx 600 is up 2 10 of 1 . 1 ,ftse 100 is up 4 10 of the dax in germany down about 1 10 of 1 . Banksalian and german dragging things lower a little bit in the continental european countries. 1. 2228,pound is at weaker by one third of 1 . We will ignore the europound for a moment, but we will have a look at eurojapan, 143, and ever weaker japanese yen when it comes to the u. S. Dollar but not the british pound. At u. K. 10 year yield is 130, germanys 10 year yield at 21 basis points and unchanged. The spread between the german bunds and the u. S. Yield is widening. The italian 10 year yield added on about another 50 basis points. 90 minutes into the u. S. Trading day so lets get the latest from Abigail Doolittle. Abigail after gains and records yesterday from u. S. Stocks, we have the major u. S. Averages all trading lower. Seems like a firm directional cue to the downside. The dow is down the least but doubt 20,000 has the much happened. The s p and 5000 the s p and nasdaq down. P