S p and the dow look to make some history again today crypto again as we said in the cross hairs getting blasted from all sides and a surprise for snap were going to tell you what has that stock moving higher this morning. Stocks are aiming to make some history again dow and the s p on track to set some new alltime interday records. A day after posting record closes including the dow finishing above 27,000 for the first time, jim. As, again, powell was the name of the game. Yeah. Look, powell is giving you what you want if youre a bull. There were some great lines where you said, look, remember what my job is my job is if we have an expansion, keep it going and that is so bullish because what hes saying is we have an expansion. It may be slowing. Weve got to keep it going so we have to do some cutting. The part of the game with 25 versus 50 is a setup the bears are saying we need 50 so that the stock market does not run down theyre not going to get 50. Im disappointed i think what powe
What we had seen with the weakness last month. Overnight in asia, the nikkei actually was down almost 1 . The shanghai was up by a half percent. In europe you will see the dax is flat. So is the ftse cac is up. There are green arrows across the complex of stocks. The treasury markets this morning will be closely watched. The tenyear at this point is yielding above 2 . We want to start with some developing news. The New York Times reporting that President Trump approved military strikes on targets in iran that would be in retaliation for shooting down a surveillance drone but the mission was called off at the last minute eamon javers joins us in washington, d. C. With the latest good morning. The New York Times and the Washington Post are reporting that the president authorized these air strikes last night but backed off at some point subsequent to having authorized it the New York Times is reporting that the mission was under way. There were planes in the air, but missiles had not been
Amid heightened u. S. Iranian tensions. We have gasoline futures jumping this after an explosion and major fire at philadelphia area refinery. It is, by the way, the largest facility on the east coast. And slack soaring debut, shares poised to rally at the open but for other tech unicorns eyeing the public markets, is this a sign of peak ipo . Stocks are set to open lower after a record close for the s p. Multiple reports now say the president did approve military strikes against iran as retaliation for downing of a u. S. Drone and later backed off. S p still on pace for the best june since 1955. The nasdaq leading the major indices this month up a percent jim, how much further are people willing to go on the risk curve given the activity today i think were getting too close to the g20. I think that yesterday was a day where there was a frenzy of froth and euphoria i havent seen in a long time. A lot of stocks up 7, 8, 9 points and nothing had happened. I think were all starting to rea
The third vote, he loses another one. Another one. House speaker yesterday tried for a fofourth. Another one. Fifth. Another one. And sixth time. I aint never gonna stop. Seventh. Another one. An eighth vote now underway. Another one. A ninth vote. Another one. A tenth vote. Another one. An 11th time. Another one. 12th round. And another one. 13th. Another one. 14th. Anonother one. We are headed to another one. Mccarthy finally locking up the house speakership. The concessions to the rank that led to his victory could leave e him the weweakest speaen modern h history. Congratatulations. You played yourself. Announcer its the late show with Stephen Colbert. Tonight, squeaker of the house. First, stephen welcomes tom hanks. And musical guest Rachael Vilray. Featuring louis cato and the late show band and now live on tape from the ed sullivan theater in new york city, its Stephen Colbert [cheers and applause] stephen how are you . Congratulations. Im still all over the place. Happy, happy
Rest of the country. So why all this crazy weather . The Prime Minister outlines plans to boost gas power to stop possible blackouts. Well be possible blackouts. Well be speaking to the government on this shortly. This shortly. And in the sport this morning. Carl palmer shines as chelsea beat newcastle. Emma raducanu loses it. India wells, whod have thought . And pinnacle of jump racing. The Cheltenham Festival gets underway today. Festival gets underway today. Hello there. Politics leading for us this hour. Plenty of unease on conservative benches as lee anderson takes his place as lee anderson takes his place as reform pm uks first mp. Well, in an interview with Patrick Christys on gb news last night, this is what he had to say about the defection. It was my parents who had a big part to play in this. I know there are some idiots online saying that lee anderson has done what his mums told him to do, but i think your mothers and your fathers give good advice, even get you even when yo