Sara eisen. Good morning. Happy holidays. Happy holidays indeed getting closer to christmas morning. Thats trading on the markets. Well come in in a moment. Travel alert things slowly starting to come back online at atlantas heartsville jackson. More than 1,000 flights were delayed or canceled. The timing couldnt be worse well have more on that in just a moment first, lets get a check on the Global Markets this morning. Weve got green arrows really across the board as u. S. Equity futures point to a higher open dow futures are up by triple digits right now indicating an open at 138 points higher. S p 500 futures poised to open 14 points higher the nasdaq poised to open 51 points higher. This, of course, after record closes for all three of those indexes on friday as everybody is sort of focusing on tax reform and whether lawmakers will pass that through before christmas this week. Absolutely right. Fridays section slightly flat on the week as a whole up over 1 the s p is up less than 1
Where it points it right now. This is the big concern. Very andrewesque. This whole tip of florida, its lowlying stuff. Its extremely lowlying. And well inland, too. Were looking at storm surges over 10 feet. It would be a bigger storm surge except the storm is moving rapidly and that right front quadrant is out of the strike zone or looks like it will be. If you look at all the various model solutions, everybody is saying, yes, something similar to this. Im hoping and most forecasters are hoping that as we get towards miami, that those blue lines to the right become that becomes the path. That keeps the eye offshore. That keeps the right front quadrant out to sea but its a big story. You know all about it, and yes, miami is being evacuated. Storm surge, wind and rain. The storm is a big one and it continues to play havoc on the island so when i come back, well talk more about your forecast, which includes a chance of rain and update on irma. Bill, thank you. South florida is obviously
Julie hyman is with us. We are halfway into the trading day. Julie we headed more deeply into the session. Major averages touch highs today, on a closing basis and we continue this march ever upward. Risk aversion seems to be nowhere to be found in the market. Another way to measure that besides continuing records is the low volatility that really persists here. The vix is something that really looks at that. Vix is the on the current level. They are looking for continued low volatility. Latest numbers show the net are at aon the vix record low and longs relative to shorts are at a record low. Net short as well. Some folks are positioning for a possible return to functionality, the majority of positions are not. We have got leadership. Ack into we have got manufacturing and nonmanufacturing out earlier this week that he estimates. The job report is tomorrow. We see that yield right now, the highest, it moves up. We see the banks benefit as well. A check on amazon, we have been watching
Row lit fest starting saturday at 11 a. M. Eastern on cspan2s book tv. Treasury secretary steven mooun mnuchin defended trumps 2018 budget request for his department on capitol hill. He appeared before the house weighs and means committee. He once again called on congress to raise the debt ceiling before leaving for their august recess. This is about two hours. [inaudible conversations] [ inaudible conversations ] the committee will come to order. Good afternoon. And thank all for joining us today. Our committee is honored to welcome treasury secretary Steven Mnuchin to testify on President Trumps fiscal year 2018 Budget Proposals for the te Treasury Department. Annual hearing with the treasury secretary on the president s budget plays an incredible role in our world. It helps set the stage for collaboration between congress, the white house, and the Treasury Department. Todays conversation will help us identify in advance efforts to grow our economy, create jobs, and increase american
The committee will come to order. Good afternoon and thank you all for joining us today. Our committee is honored to welcome treasury secretary Steven Mnuchin to testify on President Trumps budget procedural for t proposal for the Treasury Department. Our annual hearing with the treasury secretary on the president s budget plays an incredibly Important Role in our work, setting the stage for collaboration between the white house and the Treasury Department. It will help us identify in advance efforts to grow our economy, create jobs, and increase american safety. Todays conversation will help encourage a constructive, open dialogue focused on challenges facing our businesses, workers, our communities, and our country as a whole. Reading through President Trumps fiscal year 2018 Budget Proposal, its a Welcome Change to see that this budget, unlike the obama budget of the past eight years, balances in the next decade. The president s proposals take muchneeded action, grow our economy, cr