A delayed tax bill gop leadership in the white house putting off an announcement on tax reform as wrangling over how to pay for it continues. And tech is back on capitol hill for their role in the 2016 election and russias role we want to bring you up to speed on yesterdays deadly terror attack. Contessa brewer is in Lower Manhattan for us reporter good morning. Investigators are looking to see whether the suspected attacker had scouted this area in particular ahead of time or was he familiar with it because he was an uber driver Sayfullo Saipov left a note inside that rented home depot truck proclaiming isis lives forever in arabic. It was a home depot truck that he rented in new jersey. Investigators found at least one knife in the truck Law Enforcement believe saipov acted alone mowing down cyclists and pedestrians for 20 blocks. Its a very popular park path. And it ended, this attack, with a crash into a school bus very close to the World Trade Center near an elite Public High Scho
That is what ive been hearing. Lets look at the risk off tone in europe that is being hit the hardest. We are now at eight straight down days and have not seen that kind of streak since 2014, the dax hit particularly hard. A bit of a safe haven bid as far as bund yields. That does not feel like a risk off move in bunds. The dollaryen down 6 10 of 1 . The bloomberg Commodity Index down 3 10 of 1 . Not just oil and copper, the base metals across the board hurt. David now we turn to emma chandra. Emma Senate Republican leaders may have made tax reform a little more complicated. They decided to add repeal of the obamacare individual mandate to their tax package to help them meet the fiscal target but will change the vote calculations in the senate and house. Twice the senate tried and failed this year. The russians have agreed to restructure more than in venezuelan debt. The Credit Rating firm declared venezuela and its state oil company to be in default after missing payments. In zimbabwe
Thoughts on apple and the hot investments that he missed. Its a merger monday. Comcast and charter, theyre not merging, dont worry. But they have an announcement. Kate spade and coach, yeah, they are. Plus other deals brewing. And france has decided what the new president means for the u. S. And the global economy. First up though, Warren Buffett sharing his latest views on investing this morning. This is what the oracle had to say to becky earlier this morning on squawk about stock valuations. The most important item over time in valuation is obviously Interest Rates. I mean, if Interest Rates are destined to be at very low levels, not necessarily as low as they are now, but very low compared to the 100 year averages or 50 year averages it makes in i stream of earnings from investments worth more money. Buffett said bonds is a terrible choice relative to stocks. Take a listen to that. Anybody that prefers bonds to stocks is making a big mistake. I have been saying that year after year
Good morning. Gawk to squawk alley. We are watching new highs early this morning. Before we settle in to yet another tight range. Tenyear the highest since april 10th. Apple, ibm, and google dominating the conversation betwe. Becky is standing by in omaha with the latest. Good to see all i dont haof morning. An amazing amount of Technology Talk and again this morning with Warren Buffett. Its fascinating because this is a guy who claims he is not a technology guy. In fact, doesnt even own a smart phone even though he owns a big stake in apple. He talked about a lot of technology names, and when he starts talking about them, we listen. He went on and on about jeff bezos, how he started to incredible hes had two incredible bids in two different industries. He doesnt think theres another manager like that. He went on and on about amazon and bezos and how great things are. But at the end of the day, buffett doesnt own amazon. Why dont you buy shares of amazon . Stupidity. I was impressed wi
Level thats needed to provide for new entrants in the labor market, we do have a strengthening economy. With policy accommodative all youre doing in raising rates is removing a bit of accommodation heading toward a neutral pace. And i see that is appropriate. Were not moving so aggressively as to put a break on continued improvement in the labor market. But i think that thats a prudent move to move in a gradual way with unemployment now. And not only the Unemployment Rate, but i think any indicator of labor Market Performance and tightness that you could look at whether its household perceptions of the availability of jobs, difficulty that firms report in hiring workers, the rate at which workers are quitting their jobs, the rate of job openings all of these indicators do signal a tight labor market. Now, with inflation below 2 , i think its appropriate that the labor market be that tight but on the other hand, i think we want to avoid the risk. We want to keep the expansion on sustain