Democrats, democrat votes 216, republicans 64 in favor of this, totalling 280. 150 people voting against. This is over the budget deal that Speaker Nancy Pelosi worked out with the white house that earlier today, had a lost House Republicans skeptical whether or not they could support it because of the price tag. It did reach a spending cap agreement for two years and suspended the debt ceiling until july 2021. It has passed the house now so that means they kick it to the senate and the senate has its own batch of skeptics but sources i talked to familiar with gop leadership on the senate side tell me they are confident they too have the votes, at least a broad consensus among republicans and democrats to get it through the senate and then put it on the president s desk, who was a wild card really until this morning, when he encouraged House Republicans on twitter to vote in favor of this bill, saying he is totally in support of this budget deal. So we are expecting if everything goes
Closing down by 0. 4 the hang seng was off by 1. 1 . Then the shanghai was down by almost 0. 9 . In europe it looks like, again, a modest decline dax and the cac are relatively flat ftse down by 0. 2 . Italy and spain down by 0. 3 and 0. 4 if you check out the treasury market, you will see the tenyear right now looks to be yielding about 2. 019 . We do have breaking news on Warren Buffett he is denying reports of tensions between him and 3g capital and kraft heinz. Buffett said 3gs cofounder is a good friend and he plans to see lemann next month. He also plans to attend lemanns 80th Birthday Party in august. The report has been out about tensions between them. Buffett also expressed support for the ceo of kraft heinz reports of the tensions may have been sparked by kraft heinz underperformance. That stock down by 50 buffett says right now the biggest problem facing kraft heinz is that heinz overpaid when merging with kraft back in july of 2015 he said he paid too much and it will take
The raids were also aimed at gaining information on the whereabouts of the more than two hundred hostages held in gaza. We are hearing talks in doha to release more hostages are reaching a serious stage. But israel has dismissed any talk of a ceasefire in return for theirfreedom. Weve just heard from the un that 20 trucks have crossed the border bringing much needed aid into the strip. The head of the Main Un Agency Helping Palestinians in gaza says hundreds of truckloads of aid are needed every day, rather the few dozen that have been allowed in so far. The agency has called forfuel to be allowed in, with only a minimal supply left for hospitals, Water Desalination Plants and bakeries. Israel says its not permitting Fuel Deliveries because they could be commandeered by hamas. Lucy williamson has this report which you may find distressing a single day in gaza is measured in hundreds. Israels army counts targets. More than 300 hit in 2a hours. Targeting sites liable to endanger troops i
And Goldman Sachs and hotter retail sales. Were also seeing higher bond ye yield. Our roadmap is going to begin with a slew of corporate results. Goldman and bofa. Lockheed martin says it expects to grow sales this year. Retail sales coming in much stronger than expected. The tenyear is rising and stocks are on track for what looks to be a lower open, about 29 minutes from now. Changes at news corp. Or perhaps liking what it means as an investment. Starboards jeff smith will join me live this hour from the active passive conference which we cover every year. We start with bank of america and Goldman Sachs, above what most analysts had been anticipating. Bofa seems to be the out dealer performer, although we havent opened as of yet. Coming through with their share of concerns as well, whether it be with goldman in terms of the continued drag the consumer has on the business even though its such a small percentage overall or bank of americas Balance Sheet which weve talked about many tim
It or not. Today, down just a little bit. Only about 1 , though, from its alltime high at 39,438. Looking at s p, its down very slightly and nasdaq is up a little bit. We are watching big tech as open ai which is out by microsoft, unveils a new model in may team up with apple to put chatgpt on the iphone. 2 in this. Microsoft and google which has its tomorrow is down fractionally. Roaring kitty tweeted for the first time, on x, for the first time in three years. That sent game stop, amc, and blackberry shares higher. That is fundamental investing. That is right. If you are wondering whether policy was too tight or too easy, i think that your answer was. Hosting with us this whole hour, contributor, will come to you. Lets talk markets. Are we overvalued . Are we do for something in the form of a correction . I think we had a little mini correction and now all of a sudden, we got eight days in a row. I think we really went through earnings season. Earnings were stronger than people expec