Charm. Tonight, i think we will see definitive proof of that assertion when he presents his third Kansas City Public Library talk and barely more than 18 months. This time, he is offering an original treatise on economist Milton Friedman, the nobel prizewinning intellectual architect of the free market reforms of the postworld war ii era. Today, as it happens, would have been dr. Friedmans 102nd birthday. I have no doubt it will be marks best presentation yet. So you might ask, why am i willing to go out on a limb this way . As an economist might put it, on the one hand, according to the website, superscholar. Org, mark is one of the top 20 living economists in the world. I guess that designation is a gentle way of reminding us that as the no longer living economist John Maynard Keynes famously said, in the long run, were all dead. But i digress. Marks topranked status was echoed by a columnist for scientific american, who recently wrote that he has emerged as one of the clearest write
Republicans as he rallies support for the Senate Tax Bill ahead of a floor vote later this week. Its going to be a tremendous tax cut, the biggest in the history of our country. You have to pay a lot less tax. People have great receptivity. Weve have great spirit. I think that number will be substantially higher, but at these 4 trillion, which will immediately be put to work in this country. I think the tax bill is doing very well and i think republicans will be very proud. Maria the latest as the white house pulls all the stops to get this done by the end of the year. Marcus look like this. Dow industrial to a been a better than 30 points. Fractional move as the s p and nasdaq also in positive territory. In europe, look at the indices up again across the board. Ft 100 up one half of 1 as is the cac in paris at the third of a percent in germany. Meanwhile, in asia overnight, markets were mixed at the close reaching hack about that as is the cost in korea. Japan and hang seng flat on th
Of ours. Actually 10 00 we are looking up on all the major averages i guess, yeah, looks like we are. European markets, you ask, we answer what are they doing jim . We trade with the good ones now. Whats that we trade with the good ones. All positive. Other than spain 10 year note right around look at that over 58 this morning our road map as well it starts broadly with stocks on track to open higher boeing boosting its dividend shares rising premarket. The plan maker setting a new 18 billion stock buyback plan and a mega mall merger. Buying the World Trade Center mall and new jerseys nearly 16 billion overall. What . We should have 3m just preannounced. Lets get to that too. Remember the other day a fellow was telling you to sort it it was ill advised. You were on him. I was all over him like a cheap kmart suit. Those are cheap. That was my first thing that i wore to goldman. They said get out of that corduroy suit. A day in which the fed will hold its final policy meeting of the year
Good buy into early end and maybe beyond. But lets start with todays rally. Joining our exchange today is jim kahn, sarge gilfoy, and Rick Santelli at the cme. Rick, im going to start with you if i may ahead of the fed meeting tomorrow weve got a bit of a stealth rally in the pound the pound. The dollar over the last week or so including a little bit today how many rate hikes over the next 13 months are priced in you know, i dont know that much of the dollar activity that were seeing today is necessarily predicated on what investors think about 2018 whether its two, three, some are saying four. I really think its more of a function of the u. S. Market kind of bucking the trends of europe, the spreads of our treasuries especially the long end is distancing itself from the yields of the long end of europe and as that occurs, if you were to put that on a chart, the differential at 210 basis points seems to be one of the factors that could be dragging the dollar up a bit. More in a yearend
South african politics members of the governing anc begin to vote on a new leader who will likely become president in next years election. A very positive morning across europe so far when we look at equity training. The stocks at 600 up nearly 1 right now a lot of green across the board. Lets take a look at the specific markets action across the continent. The foots see up 1. 5 . The cac ka rant in paris up and lets take a look at the specific sectors that are driving that positive movement this morning we can see from across the entire country the sectors, lets take a look at the numbers as they come through coming very shortly. Waiting for that foots see action there very slightlyup more than half a percent. Lets talk about whats going on in the United States so talking of taxes, President Trump has defended the 1. 5 trillion expected in cuts that could stem from the new tax reform bill. He said the economy, meanwhile, is going to, quote, start to rock the bill will create jobs and