Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. You missed a busy week where your Prime Minister was here. Im very sad i missed that particular vision. A lot has happened since that visit. Over 1 million signatures in the uk to block trumps visit. To meet the queen. To meet the queen. I dont think that petition will be carried through. Thats a side point. A shortterm point is whats happening in the futures at this hour, after what was the worst trading day of the year yesterday, at times that label, the worst trading day of the year, seemed apt. Down well over 1 . Well over 200 points on the dow, finished off the lows, 0. 8 for the nasdaq, with the s p and dow down 0. 6 , which highlights some red dat data, not the worst day. We were down 200 points on the dow, we are reminded how high the day is, that was only 1 . That was the debate of the day yesterday, was it just due for a correction after a strong few weeks, after 20,000, or did that immigration order scar
It. And it ties in the record for the fastest 1,000point move in history. You have to go back to the. Com payday effort. In that same amount of time. And then he wrestled some real detail on tax reform for the treasury secretary. And thats when they went to session highs and thats where we are up even higher than that. Its not just the dow. They are all hitting new records. Weve a jampacked lineup of traders and market experts who are jumping in on whether we will see a continuation of this. Now as it hit jobs in tax cuts Infrastructure Spending which one of these is the magic bullet to spur growth the most. George allen with a slide. They will pick the exact moment they feel we will have that. The 1 trillion in dollar in the Structure Plan. It has the ceo thrilled. Hes here in the foxbusiness exclusive. The orders that are coming in. Huge ratings for foxbusiness. The disbelief over j. P. Morgan and trumps tax plan. It is his life from the floor of the New York Stock Exchange on a hist
I might have met one yesterday, patrick harker. The new philly fed president. Has a business background, academic background. Went to the university of delaware. Interesting guy. Has a Civil Engineering degree and a master in economics. He was trying to be a homer. I know. I got it. I was ignoring it. Thats your first meeting with this guy . Yeah, it was. Hes not as hawkish as charlie plosser. Much more down the middle. Love charlie. Hes on board with a few rate hikes, but not in a hurry to do more. Three more or three total . Three total. Two more. We had kashkari on yesterday. I know. I saw that. You did . I read the transcripts later. You did . Yeah. Some people with that viewpoint like the interview, my viewpoint. You heard, if you read you know what i was saying to him, i think hes crazy. Right. Because youre close enough to the statistical Inflation Numbers to where if youre at all forward thinking at all, now is the time. He just kept trying to defend that position. I thought wh
Exchange on cnbc. Im wilfred frost. Im seema mody in for sara eisen today. Welcome back from paris. Thank you very much. Great to be back. Great to have you alongside. Amazing to see how that French Election is still impacting marketing. Lets get straight to the market action. U. S. Futures, yesterday a big rally on wall street. Gains of 1 or more across the board for the s p 500. Dow jones aup 1. 2 . A relatively positive session in trade. Dow jones up about 40 points, nasdaq and s p also up. Financials up 3 . And it was that election result sunday night in france that led markets higher. European stocks clearly rallied more than the u. S. 4 of gains in france. 2 in london. They are holding firm today. Slight gains for the main indices. Nothing too massive compared to yesterday. The important thing is they are cementing the big gains we saw yesterday. It was also banks in europe that led the charge higher as it was in the u. S. Big moves. Socgen, Deutsche Bank up nearly 10 . Lets sum
U. S. Dollar versus the Canadian Dollar. Again, all of the things that have been happening with that potential trade war. Tariffs being slapped on canadian lumber. We will talk more about that in a moment. Take a look at what happened in the asian markets. The nikkei ended up by 1 . The hang seng market was up, too, up by a third of a percent. There are green arrows for most of the major markets. The cac in france is indicated up 0. 25 . The dak x is is slightly lower. If you look at crude oil prices, wti is trading below 50 a barrel. Its up 13 cents, but wti for the june contract at 49. 36. Among the other top stories, tensions with north korea on the rise. Today the country reportedly conducting a big livefire exercise. All to mark the foundation of its military. Top Trump Officials will hold a military briefing tomorrow at the white house, which will include the entire United States senate. The Trump Administration plans to impose a new tariff on canada. Wilbur ross announcing the p