David time for our daybreak first take. We discussed the top three stories of the morning. First up, equities on the rebound. Second, the outflows from the bond funds. Rd, dreamers did not third, dreamers. They did not get to an agreement in the senate. Michael mckee, we want to start with u. S. Stocks. We are back where we started the year, despite the turmoil. U. S. Stocks are where they started the year. Much. An stocks, not so they have lagged behind. Are we in the midst of a rate hike tantrum. We had seen a thin reaction. There are two points here. Performance in five years, that is silly. We went down, we went up. If you are looking at this, you the to see, not so much absolute level, but what kinds of things are being bought and what is being sold. Other assets are highly risky. Did come in and clean out the safelyso you can more move up. Make the case that equities can still rise. What happened the last couple of weeks, was it a tantrum or did weeks the constructive moves . Has
Lemonis if i cant get this young c. E. O. Up to speed and get his mother to trust me. No matter what you try to do to push me away, youre not going to be able to do it. This Cookie Company could crumble. My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everything is gonna change. Everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Cory nieves started mr. Corys cookies when he wanted to buy his mother a car. I put this in here when i was 6, and i said i wanted to get this for you. Lemonis only 6 at the time, cory worked with his mother, lisa. Cory they will go in the oven once this is ready. Lemonis . To develop a recipe for an allnatural cookie. Cory perfect. Lemonis then he packed up his red wagon and started selling to local businesses in his n
Least key sectors, and some Technology Issues taking it briefly at this time yesterday on the chin. Coming back a little bit. We have Charlie Gasparino here, we pot Connell Mcshane here, and the wall street journals shelley holiday. Shelby, it is more than a drip, drip, drip, but steady flow of companies doing this sort of thing and they all peg what is happening out there directly or indirectly that without these tax cuts they wouldnt be doing what theyre doing. What do you think of that. They do have more cash but they can do this the labor market is tightening. Theyre underpressure to boost wages. Treat employees better. Do the top talent. It is a winwin with businesses an trump administration. Yeah their tax bills are a lot lower. Businesses like to be in the president s good graces. This is easy winwin. Neil one of the interesting things looking back and forth how unexpected for a lost workers at companies, when they hear about it, i saw one story where home depot worker was, hadn
Chunk of its most recent losses, thanksn part to todays nearly 400point gain on the dow. Concerns over Rising Interest Rates he taken a backseat, as investors refocus on Global Growth and corporate profits. Today the Dow Jones Industrial average advanced 399 points to l 25,7 by financial and technology shares. The nasdaq added 84 and the s p 500 was up 32. Bob pisani has more on the days rally on wall street. H the dow up over 200 points at the opening, closing up almost 400 points. Last week, stocks started strong atery day, but faded late in the day. Egan to reverse on friday, when stocks closed at their ed today. It conti this week was all about fed chairmans jay powells testimony o congressue onay and thursday, but the markets are telegraphing theyre not concerned hell be skroefrly aggressive about raising rates. The markets are very different in the lastrewo weeks com to the first two weeks, when stocks dropped about 10 in earlyebruary on concerns about higher Interest Rates, part
Revenue abroad is translated back, it is translated into more dollars, but, but, longer term could be a problem with more currencies, digital or otherwise. Eventually it may clip us. Were on top of some white house developments. We might hear from the president of the United States. Remember he is heading off to davos. So when he does, and outlines some plans, he is formizing a lot of ambassador assignments right now. I dont know whether they give them press passes or what. Bottom line, that is what were waiting on. Later on today he will meet with the nations mayors. He will be a busy guy. Of course theyre trying to say now that the government is back in business we think get back to business, resolve all this immigration kerfuffle, sooner rather than later. That well get into is looking a little bit dicey. Meantime, more companies sharing the their riches, their tax cut riches. Starbucks latest to say it is going to be sharing wits workers, not only bonuses or maybe cheap coffee but