Yeah. No doubt hopefully they can get this stuff done between the congress and the senate and it will be a lot more to do its a good start but given the dislocation to the marketplace, hopefully we can get this thing done in washington and well be good backstops for the market. Does it take a significant amount of stress off of the credit markets, which i know youve been concerned about and you watch so closely well, i mean, it takes a certain amount off it doesnt theres still a lot of stress in a lot of different places it takes a little bit of the stress off you really need the washington package. A package in washington just a lot bigger what they were talking about doing, seven times bigger. If i got my numbers right off the top of my head just to help support corporate small business, et cetera, what were going to need support and buy secondary stuff in the marketplace. Some of the other things they started to do today, so that we can have the economy function the right way. How c
Great to have you here, seema. Lets get straight to the Global Market picture this morning. Coming off a week of gains we saw over a percent of gains for the nasdaq last week, just under a percent for the s p and dow. Very thin volumes on the friday morning of trade and no trade on thanksgiving thursday. This morning we are expected to open a little bit higher but just fractionally. The nasdaq up 7 points the dow 6. S p up about 1. 5 . We didnt see that Much Movement last week compared to prior weeks, but in general its been a similar theme over the last two or three weeks, and that is a very flattening yield curve. Its going up and longer coming down on be the ten year at 2. 35 this morning. If we pivot to asia where stocks ended lower specifically in china down nearly 1 , this after notching its biggest one day fall in 17 months on thursday, a lot of traders are attributing this to fears in the bond market, the fact bond yields climbing above 4 in china last week, so clearly a situat
Reform plan will further spur growth forecast for the e commerce giant and shares of ge on the move jp morgan report seize a dividend cut as increasingly likely the Company Tells us it remains a top priority historic run in the markets includes the 47th record close of the year. Weve got black rocks larry fink talking about risks in the market earlier this morning on squawk. Lets be clear, the United States deserves a premium. Our companies are stronger they are better managed over across Many Industries so i actually believe the u. S. Deserves a premium to the other markets. Not just that, jim, says he wouldnt expect to see any major reversal in equities until sometime next year. I love the guy, what can i say . Every time i talk to him and see him, he has a sense of whats going on there are moments when hes pessimistic and not like hes permable, i like what he had to say and liked his quarter. I wrote a piece this morning for real money saying its events that i cant see and north kor
Good Tuesday Morning jon fortt is back with us finally. Sarah eisen and joining us this morning, robert w. Baird, Collin Sebastian and ed lee good morning nasdaq is trying to bauns back from three days of loss this is morning. Were seeing pretty good action in the faang names that are leading the way. Prior to this morning, it was a mixed picture for the basket of tech stocks. A mixed picture for faang and for the month, netflix down 9 alphabet and amazon are under pressure weve been having this discussion the last few days as they were having some trouble getting out of the gate. It is difficult for people to point to anything substantial. There is nothing big changing here, right . This is usual. I think people come the realizations as to what the future might look like for some of the services and i think that sort of tweaks the market a little bit are the name an atm for when sent gets a little jittery . Well, i think thats likely the case especially given the Strong Performance fo
From donald and new information on who leaked that tape. And that wasnt the only october surprise to break last night. This morning, we will get our first look at Hillary Clintons wall street speeches. What she was trying to hide, open borders, among others. Its a big day in america, ladies and gentlemen. Were glad youre starting it with us. But we do begin with a fox news alert. Hurricane matthew is bearing down on South Carolina at this hour. Enormous waves taking over Charleston Harbor as 100 mileperhour winds fuel the category 2 hurricane. The eye wall of that storm currently over hilton head island. And storm surge flooding continues in georgia. At least four people are dead in florida and major flooding is expected to continue across the east cost today. Who better to track it for us than janice dean. She has been in the Weather Center for many hours but were going to start with jonathan. I actually think jonathans live shot. I dont know why i said that this morning. Its great to