Single day for tax reform for the gop so far i am Brian Sullivan. At a National Association of manufacturers summit in washington, d. C. , 30 minutes ago, vicepresident pence talked about tax reform and called for a 15 Corporate Tax rate we are waiting a few minutes for House Speaker, paul ryan he will give a major speech on tax reform and outline what he wants to do and when he believes he can get it done after that, he will sit down with us right here on cnbc to talk everything taxes, both from individual to Corporation Tax reforms. Michelle, a bringing day ig day. Im Michelle Caruso cab rrea the yields on bonds have hit 2. 748 snap and twitter taking a hit after facebook announced instagram now has 250 million daily active users lets listen to House Speaker, paul ryan right now as he begins his speech thank you so much, buddy appreciate it. Afternoon, everybody how are you doing . Great to see you thanks for coming out today. Appreciate it. Welcome to d. C hi, kathleen thank you. Th
Down the president. Americansler bows to first jobs policy. Looking positive out there, the absence of japanese trading, a Public Holiday they are, 30 minutes before the start of the session in hong kong and shanghai, the open in kuala lumpur, taipei, and singapore. Here is Sophie Kamaruddin. Sophie a number of markets coming online, checking that space. We are seeing continued gains on the asx and new zealand, and the kospi reversing gains made in the morning. Space,look at the data whats happening with Dollar Strength, resuming strength following the friday jobs report. Note, the yield of seven basis points friday. Bill gross is expecting a breakthrough to the 2. 6 level, pushing it into bear market territory, gross saying the treasuries are at an inflection point. Gold edging higher after falling in the wake of the u. S. Payroll data, gaining demand for alternative assets, and equities soft in. The robust case for u. S. Interest rates going higher could make bullion less appealing.
Warships to the royal navy . Were going to talk to john parker who has published on the matter today. Less than an hour to the european open. Lets take look at futures here. Slight gains in futures after the big drop that we saw yesterday and the cash trade of and is unchanged as the kak the dek as well. Keep your eye on commodity for the direction of the market. Its a big future coming through on the g. M. M. Greece coming off of its recent great run. The dollar inching today i dont think its going anywhere. I think its wasting starting to get their arm around. 1 . Euro is down. 210 of weve got austrian vote coming he referendum come coming up. We are watching spread widening across europe. That is definitely a future. We are seeing some of the more core countries. Weve got yields dropping. Belgium moving as well. Another big move in iron other very volatile right now. So well get his take on what has happened particularly on the coal market. Plenty to think about. Heres julian. The s
Passesdoing better today session. All major averages gaining and not only that, but building on the gains out of the gate this morning. Similar to what we saw yesterday where stocks had a choppy morning. Then they were up and stayed up at roughly the same level. Take a look. Ive looked at the s p 500 over the past three days. Gaine looking at a 4. 73 over that time. This is the first since december. We have not been having when he as far as this year. When i talk about the groups doing better today, we are talking about cyclical groups, economically sensitive groups. ,e have got materials particularly industrials and tech. That is the theme we have been seeing over the past several sections. Citigroup, bank of america, jp morgan. You could have taken any of the charts and they would have looked very similar to what were seeing today. I am looking at priceline, a rocket today. What is going on . Julie priceline is the biggest contributor to gains, up by 12 . The company came with earnin
Speech recently that the u. S. Faces a dramatically different security environment than anytime in the last 12 years. To confront an array of threats like the Islamic State and russia and you are no longer able to focus on one threat at a time. I would like to walk through those threats if we may. What is the biggest threat today . Sec. Carter all five of them are large. All five of them have to be countered. So we do not have the luxury of deciding one has a higher priority over the other. The counter isil fight calls upon counterterrorism and counterinsurgency capabilities right now. As we look ahead to longer term competitive situations, with other countries where we do not expect to have a war, dont want to have a war, but have to deter them by showing that any work they do get into with the United States they will regret. That is china, russia, and in a somewhat lesser way, iran. In those cases we have to plan for an enemy that is more hightech than isil, for a longer period of ti