Chips inhouse. The dollar continues to weaken. 38. 0 two. Lets get a deeper dive into market action. I want to pick it up with the tech strength. We are seeing a number of heavyweights higher. Leadn, facebook helping to the nasdaq into positive territory. Up around 3 . Tech stocks getting another bid here as we see a rally stalling out encyclical areas. To noterally, i want how far and fast we have come. If we look at Global Equity benchmarks, this is a momentum indicator. Over boughticates territory. Remember since the lows back in late march, we have added more than 20 trillion worth of value to the Global Equity markets. I want to talk about other. Sset classes the 10 year treasury is getting a bid today. Down six basis points. We are seeing the curve flattening after the steepening we have seen. That spread between three and 10 year notes. We are paying attention to the fed meeting and what they are going to say about possible yield curve control. Perhaps a weaker dollar. The spot
Cspan3, online at cspan. Org or listen with the free cspan radio app. [captions Copyright National cable satellite corp. 2019] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] and the house coming in, getting down to legislative work after the fourth of july recess, taking up seven bills this afternoon. All from the Financial Services committee, including a whistleblower protection bill. Also, the house has announced theyll vote friday on the 9 11 Victim Compensation fund bill which passed by the Judiciary Committee unanimously last month by voice vote. And tomorrow, the house will 733 k on the 7 3 defense appropriations bill. The Senate Passed their version. 750 billion measure. Votes in the house this evening at 6 30 eastern. Theyll be here shortly. Live coverage on cspan. The speaker pro tempore the chair will postponefurther proceedings today on motions to suspend the rules on which a recorded
Market is positive by 0. 2 percent on the s p 500. Hours away from chairman powell and the News Conference. Tom it is a different it is changed outlook to the press conference that it was 48 hours boko ago. Jon it is not seven, it is six. It is not seven. The bad news, it is 6 inflation in the u. K. Lisa this is a positive but how much of a positive. The key distinction is the core measure came in much more than expected so stripping out food and energy, how much will we be talking about the difference between core and what you feel when you go to the store . Tom we are there when we are slicing and dicey like David Rosenberg. What you do with inflation and disinflation but the Central Banks torah centralbank story with me jon the highs going into this bad decision, crude we are right their own crude so the headline versus core conversation, how do they navigate that in the News Conference . Lisa at a certain point, oil feeds into that, the question is how much is this driven by demand
The republican congressman in question has been raked over the coals as to what republicans are doing. Are they taking this thing apart . What we do know at this point, it is in the senates hands. The senate will take its sweet time on this there is no rush for this. The markets interpret that to mean, all right, fine, to come up with something even though you start from scratch, so be it. But it could delay the tax cut thing. Many, many times, delay in the tax cut is something that could be a problem because if it is pushed into next year, guess what . Growing talk it will be difficult in middle after Midterm Election year, and Midterm Election year, republicans could, potentially lose. Fascinating report that the cook report has uncanny track record on this stuff, more than likely ne year, republicans lose the house. Now you might say, wait a minute it, would take 24 swapped seats to dot that . It has happened in the past. Weve seen it multiple times. In fact every decade there is a
59th. According to investigators, three armed teens went into the shop and tried to rob it. The owner then pulling out his gun in selfdefense. Witnesses say they heard a lot of gunfire. And a fouryearold was hit in the foot was sitting not this chair. And a 26yearold sit in the back both taken to metro in stable condition at last check. Police telling us a 16yearold suspect showed up at the hospital. Were working to find out who is he doing. . . Police saying they searching for two other suspect suspects. Two more smash and grabs the thieves hit at a store and another in East Cleveland. The first was at had this rite aid. A mini van was used to barrel through the front of the store. In East Cleveland where thieves rammed a vehicle into the park deli on noble road. The scene is East Cleveland near the Cleveland Heights border. Were going to send police out there and they will arrest you for using 911. Were going to take the phone from your daughter. Well, youre responsible for your daug