The tenyear bull market makes new history as the fed chair appears to make the case for a rate cut plus big tech is at the center of the president s tariff fights as france vows to tax some of the largest American Companies. The white house hits back. And forget f. A. N. G. Jim has a new basket of stocks to watch you saw it here on squawk on the street. The s p surpassing 3,000 yesterday for the First Time Ever after the fed chair did signal a rate cut is on the horizon. This morning it goes back to the hill, testify before Senate Banking. Yesterday in front of that house panel, he was asked if a strong case could be made for lowering rates due to trade uncertainty and inflation short of the target this was his response. Yes, as i mentioned, we think that uncertainty around trade policy and also Global Growth, its not all down to trade policy theres something going on with growth around the world, particularly around manufacturing and investment and trade. And so that uncertainty is, w
For republicans, the house passed gop bill to overcall the nations tax code, mike pence praised the move. America has momentum. People at the Tax Foundation in order to turn this momentum into sustained Economic Growth you know theres one more policy more important than anything else. Donald trump and i will be fighting every day to pass the largest tax cut in American History and we will do it is your. Maria the Senate Finance committee voted in favor of its own bill, lawmakers facing an uphill battle, the full senate expected to vote on the bill a week from monday. The house built didnt stop surging, indicating a full back at the opening of trading after triple digit move yesterday, the industrials opening 30 points, fractional bill, nasdaq is up by a fraction. Donald trump tweeting on passage saying great numbers on stocks and the economy if we get tax cut and reform, we will see Great Results in europe major averages look like this, it is a mixed story. The s p down a fraction, the
Im wilfred frost. Im seema mody in for sara eisen. Good morning to you. Great to have you with us great its friday. Feels good. Lets check in on the markets. We did get a bounce back yesterday from what has been a week or so of softness with a few pullback days, no significant gain days until yesterday. We saw 0. 8 of gains for the dow and s p. It was a bounce back from some of that softness but also earnings driven, walmart up 10 . A huge gain. Cisco, gap, best buy, some Companies Reporting earnings to beat forecasts we are called lower. The dow down 40 points the nasdaq down a couple points. S p down 4 points. That gain yesterday seems a little bit temporary week to date, the s p before today was up fractionally. The nasdaq is up about 0. 6 . Tenyear treasury note has recovered in the second half of the week in terms of the yield rising the price falling. We did fall to the low 2. 3s earlier in the week. Up to 2. 36 now last friday we closed 2. 4 asian equities climbing for a second
Strength of the us economy, issuing a thanksgiving message to our troops and thanked them for their service. Fighting for something real, you are fighting for something good. A lot of things happened with our country over the last short time and they are really good, they are really good. I especially like saying companies are starting to come back, we are working on tax cuts, big fat beautiful tax cuts and hopefully we will get that and you will see things happen. Dagen big fat beautiful tax cuts, is that why the market is up . A short trading day, on the dow futures, all major markets hit alltime highs earlier in the week including the russell 2000, the store opened half a day, stock market closing, in europe look at what is happening, a slight loss on the s p in england. Asia gains across the board, shanghai, the nikkei, hong kong and south korea. New details in that uber hack. Accompanys new ceo was made aware of the attack shortly after he started in september. It wasnt made publi
Overnight in asia, youre going to see whats happening. Well talk more about whats happening here with the futures. Overnight in asia the nikkei down by 1 2 a percentage point the hang seng up by. 2 . The shanghai composite down by a similar amount in europe this morning with the green arrows there, youre going to take a look and see that gains across the board dax up by 1. 25 . Cac up by. 9 . Crude oil prices, take a look at that, too. Last week for the week they were down by 60 cents down this morning another 55 cents to 57. 82 for wti. You think you can keep bringing things in here and yes. Driving your yes. To thats exactly what i think. Because you can. Because i can. That definitely is i try to spread cheer. Grat grasso messaged me, imt on youre trying to create tension. You bring me like back you know remember your thumb was sore and i got you some epsom salt. And today you brought coffee. Thats a way to do it. Hes the man. Im half italian, half sicilian. That means dont cross hi