And good morning, welcome to Worldwide Exchange here on cnbc im domenic chu. And im Contessa Brewer sara and wilfred are off this morning. Great way to get started when youre seeing positive signs in the markets. Lets get straight to the markets as contessa mentioned were seeing green across the board on the futures side. With the dow trading the way they are, were looking at possibly a 300 point open for the dow on the upside at least if things stay the way they are right now. S p up by 32 points nasdaq indicating an open around 75, 76 points as well a lot has been driven off Interest Rates those worries with whats happening with u. S. Government bonds. So, lets take a look at those yields for right now, were seeing a move higher slightly in the tenyear treasury note yield. 2. 88 . Almost 2. 9 , the last trade there. That reassumption, contessa, on the upside for this mornings trade. Well see if that has any kind of effect on whether or not people have that risk tolerance if it stops.
Were seeing a battle between red and blue states. Lawmakers from blue states like california and new york, that they are furious that the plan eliminates local and state Tax Deductions. I am from new york. Here is the thing. It is not fair places like new york, california, and others effectively getting a free pass. They are subsidized by money from every other state in the america. We need a level Playing Field, to make it fair for all states. Texas republican congressman brian babin, sounding off on that in just a few minutes. First were going to adam shapiro. He has very latest on path forward for the tax plan. Adam, is it going to happen . Reporter if i could answer that question i would be a millionaire and not in this job. Whether tax reform happens this year or next year, that is up to mitch mcconnell, who keeps saying this congress. Talk about issue you brought up, repeal of state and local Tax Deductions. Democrats would say to you, that you point out other states subsidizing
Classified information to the russians while they visited the white house. We need to tell you the story is extremely fluid but before noon security adviser h. R. Mcmaster sent out to say that the president did not reveal anything that wasnt already out there. But then in the last 45 minutes, the New York Times reports that americas strongest ally in the middle east may have been compromised by what was said. Lieutenant colonel ralph peters sent years as Intelligence Officer focusing on russia. He will decode what he feels is really going on. How big a mistake or not at all the president may have made and the israel connection that is bubbling up right now. We know much more at this hour than yesterday about the damage and origination of that massive ransom ware attack, symantec is one of the biggest security firms in the nation. Ceo will tell us the secret to keeping personal and Business Information protected and who he thinks is behind. This the dow take aim at 21,000. S p and the n
Again, stocks marching higher despite any noise that is out there in the political world. Overnight, youll see what happened. The nikkei was up by half a percentage point. Hang seng was slightly weaker. Shanghai composite up by a quarter of a percentage point. In europe, the biggest surprise, even though the conservative party was not able to win back a majority, and even though there are all kinds of questions about theresa may and her government, you can see right now the ftse is trading higher. It is up by about three quarters of a percentage point. Stocks in france up as well. Germany, the dakotx is up. And the current sy market, youve seen more of a reaction. The pound is under pressure, the dollar pound is at 12736. Dollar up against the yen and up against the euro as well. Check out the ten year, the yield, at this point, looks like it is trading at 2. 199 . Just below 2. 2 . And if you look at crude oil prices this morning, crude oil is down yesterday. This morning, up by 15 ce
Put. Confusing. S were of the titanic should we have been waiting for. The speech itself, im not sure the market is interpreted it. There is a very clear shift in the tone relative to the last policy meeting. Quite a dramatic tone. Backslide to expand how tightening is not really tightening. I think the hope was if you explain it that way, Financial Markets will not get into a tizzy. I did not read draghis statement on tuesday to be anywhere near as bearish as the market is taking it. I take it the other way. I think it is a signal from draghi that even if there is going to be further support and tailwind in the economy, the central bank is still there. Already late getting going. Jonathan so was eloquent or confusing . Is jim me from new york caron of morgan stanley. Guy lebas of Jenny Montgomery. And Margaret Patel, with the wells fargo asset management. Quote itselfthe from mario draghi. These are the words that seem to move markets. As the economy continues to recover, a constant p