Pete, its the least volatile september ever you guys are going to dive into that in a bit over at the telestrator to show us exactly how. But man, the stocks have been steady. Yeah. And i think part of the story, scott, is just the fact that you mentioned steady we talked about rotation those all feed into this i heard bob pisani talking about lack of volumes. But its not a lack of volumes in the derivatives world or options world where we are consistently trading close to just under 17 million contracts a day. This used to be a number in 2011 that was closer to 14 million a day. It started to grow we peaked out at 18 million and here we are trading just under 17 million a day so there is volume and there is volume in the derivatives markets and other parts of the market unfortunatelwere not seeing h of it at the new york buthink the healthiness of this rally oat least this sustained area of near these highs, establishing new highs almost daily has been because it has been a healthy ro
I need a hero welcome to power lunch. Im Morgan Brennan the stocks are holding steady. We have a mixed session. Two more trading days to go in september, the dow and s p 500 are on pate for an eighth straight quarterly gain. Mcdonalds giving the biggest boost to the dow today the transports hitting another error intraday high well drill down on some of the big movers roku, stock of the day, this is up 50 on its ipo debut. Also keep an eye on mccormaiccck we begin with washington, President Trump unveiling the longawaed tax pla promising tax cuts today House Speaker paul ryan and the top economic adviser came to squawk box to push the plan ylan mui joins us with the latest. Reporter it will have to go through the sausage grinder before it can be legislation, gary cohn was very clear on cnbc the 20 corporate rate is nonnegotiable. Speaker ryan was equally clear that the house is committed to hitting that number. Look, when we polled the border adjustment from our build back in the middle
Steady at 7 as expected. They have seen a lot of the inflation pressures ease in the eeks of september. A lot of economists do not expect to raise rates next year. Theyre holding with their Interest Rates at 7 . Let us look at dollar peso. Dollarooking at a weaker story. That has been a trend since the beginning of this year. The bank of Mexico Holding in. Let us circle back and look at the u. S. Scarlet was talking about tax reform. The euphoria is here. All of this was right on the screen. We are finally seeing some of the euphoria come back into the get thiserhaps we will done. Im sure there will be a lot of lobbying efforts. I will note that the dow is posting the biggest gains. Up 0. 2 . Highseaching record coming up 0. 4 . A lot of this has to do with the strong gdp number we saw. The second revision was 3 , up atm the first front we saw 2 . When the economy does better, we are shipping goods all over. For fedex, i will give a shout out to my producer who pointed out a cool story
52. 74. Creeping up to 53 here are the big stories were watching roku will make its public debut on the nasdaq. Roku priced shares at 14 each thats the top end of the expected range it has a market cap of 1. 3 billion. Rok lush roku wi tra under roku. Roku founder and Ceo Anthony Wood will be on squawk box this morning and rovio, the maker of angry birds video games will price later today. The Senate Intelligence committee calling on facebook, twitter and alphabet to testify at a hearing on russias role in the 2016 election. The hearing is november 1st. Alphabet and facebook have not said if they will attend Mark Zuckerberg hitting back at President Trump who claimed yesterday that the social Media Company was always antitrump. Zuckerberg posting on facebook, trump says facebook is against him. Well, liberals say we helped trump. Both sides are upset about the ideas and content they dont like thats what running a flat form for all ideas looks like zuckerberg said he regrets comments he
Boston. Plus, we get an update on imprisoned Army Whistleblower Chelsea Manning just weeks after she attempted suicide. Authorities are threatening to punish her with indefinite solitary confinement and additional time in prison. We will speak to attorney chase strangio. Is only through public scrutiny we can ensure the government doesnt continue to abuse Chelsea Manning and people like her who are sent into solitary confinement and under horrible conditions. Amy did you know when you dial 911 wall street often answers . And next was a reveals how private equity firms have increasingly taken over Public Services like Emergency Care and firefighting, often with dire affects. All that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im amy goodman. New York Police Commissioner William Bratton has announced he is resigning next month. Over the past four decades, bratton has reshaped modern policing. He has served as the new York Police Commissio