Earlier tweet. Saying it was the houses duty impeachment. Russias president Vladimir Putin blasted u. S. Politicians hes for whipping up what calling, antirussian sentiment. With a conference with the visiting italian prime minster. President putin defended President Trump over criticism sharing classified information with moscow. What surprising me, there are intentions in the u. S. Internal usingcal situations by antirussian mottos and they dont understand that they are and in their own country that case, they are just stupid it. Hey understand in that case they are very dangerous. Putin said kremlin reviewed last years president ial election. Its funny. Theyre increasing concerns because of seeming unpredictability in american politics. The United Nations secretary general is stressing the togethere of working with the European Union to tackle the refugee crisis. During ane remarks address to the European Parliament in france. The success of the u. N. Will depend on what he uniteda
Thanks to Courtney Gibson for being here and all of you for watching. Power lunch starts right now. We wont let money be wasted anymore. Those word weiss just heard from President Trump. A big budget meeting is being held right now at the white house. Well talk about that and so much more with Grover Norquist. Americans for tax reform. Are we finally going to get it . Get ready for serious sticker shock at the Grocery Store. Imwill President Trumps immigration plan hit as hard as some may think . Made in america is alive, but far from well according to one sector. Two busy hours of power starts right now. Once again, welcome to power lunch. Im tyler mathisen. Down. 7,. 6 for nasdaq. In the green today. Today is the 51st session that s p has failed to move in either direction. Heck of a stat, tyler. Thank you very much. I am brian sullivan. Exist i existing home sales, number tripling expectations. Wow european antitrust regulators are set to okay dow chemicals 130 million merger with d
Lets bring in bruins beleskey with bmo Capital Markets and dean maki and cnbcs steve liesman. What do you think . Need to take a really deep breath. My comment, not to be flippant, duh. Tell me something that i dont already know, issues that have confounded investmentors for the betterment of six months, number one. Number two, weve been pretty clear on the views in the market that are in a rinse and repeat. Cant get off the emerging markets commodity trade and cant seem to not wore egabout the fed, cant stop worrying about china. Well be worried about the election which should be thrown in there as well and think volatility is here to say so this term black swan for all intents and purposes is overused, its fearmongering and all about trying to grab the headline so i think what we already know is this. Black swans typically historically happen when you most expect them. Thats their definition. These are all known unknowns. Right. So tell me something i dont know. Right. We already kno
Oneday decline in almost a month. Joe definitely not too dramatic to getting to be a bit more of a selloff. Won a look at the inversion stocks we were looking at today on the new doj. Allergan was off by 15 . The worst performer in the s p. You also have Progressive Waste Solutions and apple. All of these guys are looking for some kind of mergers or inversions that could be stymied by the treasury rolls. Mike mckee has the best that of the day when it comes to allergen, erasing almost 20 billion of market cap in one day , and the treasury trying to save 20 billion over 10 years. They erased it from allegan and are trying to help the Treasury Department get it over 10 years. I love the juxtaposition between those stats. Joe i want to talk about interesting stuff in fixed income, interestrate world. Bund 10 year yields falling to the lowest level in about a year. You expect to see the riskon scenario, Interest Rates rising. Not happening here. This is the ultimate safe haven. People are
Well from its lows. Question now is how long can it last and that debate fwins right now. Is this real in commodities or not . Its been massive Short Covering. If you take a look at Hedge Fund Flows they start borrowing and start exiting the short positions in these names. You couldnt wait to start the show and tell me that its not. I dont see anything that changed. As a matter of fact thing versus gotten worse. Weve seen what china came out and said with their trade numbers so that economy is not picking up and they have major issues there so that will continue to lead to just lower Commodity Prices and also if you take a look at the iron ore producer, you have seen the major rally there, in fact, the supply has not ended. So we had valley come out and announce new joint venture. 8 or 9 we mentioned on the show. But capacity has not come out in iron ore so to me nothing has changed. You can see Short Covering. Theres way too much bearishness. Lots of late players came to the short pos