Spot index down. 75 . That giving a boost equities as well. Within the equity market, the stops outperforming confirm the narrative is about reopening more economic optimism. The best performers are the likes of airlines, travel stops, the Airlines Index and hotel index up 10 or 7 . In the economic front, it is the more growth sensitive sectors leading the pack. Industrials up 4 in todays session. David which is a big change, it seems to me. In the past it was all about tech and health care. Now we are starting to see stocks that only do well if we can get on top of the virus. Is that because we have hope we are getting past it or because theyve gotten beaten down so badly at some point it makes sense . Kailey it is a little bit of both. Financials and energy are the worst performing sectors yeartodate so there may be buying coming into the market given how depressed the valuations are, but the fact that it is the cyclical growth centric stocks that are outperforming. Investors may be
Year. They see it as an ideal retail combination. Happy new year to you, elon. Speaking of speculation, we had a wanted for the Market Participants saying that speculation will likely cause a correction this year. One comment he made in his surprises for 2018, he said the u. S. Economy lets pull this up, the u. S. Economy has a better you than 2017 with speculation reaching an extreme. All i can do is look at the chart here, g btv 1241 showing closing for nine months straight, that hasnt happened since 1950, it makes you think where we make history again with something unprecedented . You might sound scary but have to wonder how tax reform will play into it, how much has really been priced in, the big russian is this 2018 going to continue giving the sequel that we saw for bull markets that we saw last year as well, given the fact that the returns were quite incredible, it will be really hard to maintain that for the rest of the year. Indeed, it will be very difficult, just really quic
A new plan to revamp them expected to be announced this week by president ial candidate Hillary Clinton. Cnbc chief washington correspondent john harwood is in d. C. Now with details. Reporter mandy, Hillary Clintons beginning to lay out all of the components of her Economic Program to try to relink middle class incomes with the profits of Corporate America. Last week she talked about a plan to link employee tax policy or employer tax policy toward Profit Sharing with employers. Now shes trying to encourage longterm investment. I just want to go back to the history of Capital Gains rates to illustrate what shes the system that shes trying to tweak. Back in 1986 when Ronald Reagan was president , we had a tax reform plan. The Capital Gains and top marginal income tax rates were the same 28 . Then when you move to the bill clinton balanced budget deal in 1997 you had the top income tax rate up to 39. 6 . The top Capital Gains rate had gone down. So they brought back the separation betwee
President trump has offered tougher screening of immigrants following the attack in new york. Down a bike lane in manhattan a truck injured almost a dozen. A Police Officer was shot and arrested the suspect according to the New York Times he was found near the truck indicating that the suspect was not related to the islamic state. On capitol hill, a House Republican scheduled the release by a day. There are unresolved questions about the Corporate Tax rate cuts and other proposals. Republicans also sell disagreeable about whether to repeal a tax break for local taxes. Resident of catalonia now has to choose between a possible prison term for a life in exile as the Spanish Court has summoned him to appear with charges. He fled to brussels after spain seized control of the government in response. His declaration of independence. A new study says the decision to leave the eu has cut income by over 800 per household that come from the National Institute of economic and social research. The
Members, criminals, drug and human traffickers that threaten our citizens and that threaten our security. [applause] any member of congress who opposes our plans on Border Security and i know these folks didnt is only empowering these deadly and dangerous threats. And we will not put up with it, and the public wont put up with it. This bill also includes Important Health care resources for our great coal miners who have not been treated well. But now theyre being treated very well. And continues to make funding available to inner city children here right in the Nations Capital can go to the school of their choice. [applause] choice is so important. After years of partisan bickering and grid lock, this bill is a clear win for the American People. We brought lawmakers together from both sides of the aisle to deliver a budget that funds the rebuilding of the United States military, makes historic investments in Border Security and provides health care for our miners and School Choice f ou