Back. Buoyed, they still think they can cobble together a stimulus deal and theyre getting a little closer. Theyre about i think latest indication about 600 billion apart. Democrats coming down to 2. 2 trillion. Such a steal. Such a buy. Republicans have been whispering about 1 1 2 to 1. 6 trillion, who knows. That that is a development few saw coming. Were 24 hours away from the big debate tomorrow. So that could obviously test these markets. So far not too flummoxed about president s taxes. Well see as we get on here. But that tax report we want to lead off front and center ahead of the big coverage planned from tomorrow night. How much the New York Times report, 5000 word plus investigation that goes into the president s taxes over the last couple of decades. The signature of both days developments is that, for a lot of those years he didnt pay any taxes and for at least the latest two years, these do not include the 2018 and 2019 years, he paid 750dollars each for each year. Consid
With the turkish leader. Much of the focus quite appropriately for the Business Network what the chairman of the Federal Reserve is saying right now. You know had three rate cuts this year. The third one just last month. He seems to be indicating he will keep his powder dry, holding fire for a moment. He acknowledges trade headwinds, other issues could slow things down. He is always ready to pounce if need be. He is certainly not indicating anytime soon. Get the read percent from our own Edward Lawrence. He has been monitoring all of this. Edward . Reporter neil, the testimony will go on for another 30 minutes or so when the Federal Reserve chairman has to leave here. Federal reserve chairman Jerome Powell told senators and Congress People does not see a rate cut for december unless check data would come in better than expected. He said the Federal Reserve would act going forward. He painted a glowing picture of the economy. He said the Consumer Spending. Wages are rising. Job market h
the kremlin is calling it an alarming situation. at least one person killed, six others injured in strikes in russian territory. what the buildup to ukraine s counter offensive says about where this war is headed. 2024 republican presidential candidate ron desantis is on the trail in iowa. ahead, his message to former president donald trump. so it looks like a scene out of fast and furious. a car launches off the end of a flatbed tow truck and flips through the air. so why on earth did that even happen? this is cnn news central. so this just in to cnn. an important development for those counting votes on the deal to avoid a u.s. default. democratic representative pramila jayapal, the chair of the house progressive caucus, says she will not support the deal. she is a no. this, as house democrats are meeting behind closed doors right now. cnn s manu raju is with us on capitol hill right now. all right, manu. where does that put things as the morning moves on
Welcome to squawk alley. Jon fortt with mike kantoly at post 9. Kayla has the morning off. Jop jo jon . Lucky number 13 for the markets. The blue chips marching towards 20,000. In case you were counting, 42 days till donald trump becomes president. Will this trump bump lift all or hiding future risks . Joining us are Brian Jacobson and here at post nine john stoltz, oppenheimer asset managements chief investment strategist. Good friday morning. Good morning, jon. If im not mistaken, john, your projection a year ago for where the s p would be right now is right about where we are. What do you make of this trump rally . Was it going to happen anyway or is it worse off than you had expect smd. Our expectations had been that the s p 500 would cross 2,300 in 2016. But weve certainly gotten help from the election of donald trump. Theres nothing like projections of lower taxes, of reduction of regulation as well as prospects that were going see some significant infrastructure spent to get the