Volatility continues to rise. Investors rush to buy up Government Debt. That sends yields higher about i want to tell you again, i cant stress this enough, the economy is stronger than weve seen in years. The fundamentals are rock solid. You have earnings continuing to beat expectations across the board. So i remind he have up with, take a deep breath. Do not panic. Things will get better. If they go a little worse, hey, you have a heck of a buying opportunity. We have all stay lineup to break everything down on wall street. The government pass as brief funding bill to avoid a government shutdown. It leaving a whole lot of republicans pretty unhappy and some democrats about our ballonning national debt. I will speak with the white house director of legislative Affairs Mark Short coming up. First, get down to the nyse. Were in recovery mode, only down 156. Hey, nicole. Trish you hit it on the head. Some things are in flux. Inflation risings, a budget deal, and a market run up 8,000 poin
Higher Interest Rates. Maybe that good news is really is good. We look at market. Up nearly 50 points. All of this coming as President Trump talks tough on trade. Promising to address steel and aluminum imports he said happen to be unfairly hurting the United States. Plus conservatives grilling budget director Mick Mulvaney over President Trumps 4 trilliondollar plus budget plan. Deficit hawks calling the spending bill immoral, betrayal and threat to National Security. Talk about the president s simple message for congress when it comes to immigration. He says get it done now or never. Wouldnt it be great if we finally after so many years solve the daca puzzle . This will be our last chance. There will never be another opportunity. Senate is in openended immigration debate. We expect to hear from both side momentarily. Again i want to point out this market is turning around. We are in the mix right now of a major turn around. We have team coverage, coming up, david nelson, here with me
I want to go to blake burman on what is in there. Hi, blake. Reporter trish, the threepage memo on the dossier compiled by chris sister steele, a dossier paid for by the dnc and Clinton Campaign was used as an essential component to get a fisa warrant surveilance of a onetime, former member of the trump team, the Trump Campaign team, carter page. The essential crux of this 3 1 2 page memo, that without this dossier, there would have been no fisa warrant, thus raising questions whether or not this was one big surveillance abuse. The, memo goes on to say, and i quote here, Deputy Director Andrew Mccabe testified before the committee in 2017 that no surveillance warrant would have been sought from the court, the fisc, without the steele dossier information. The memo takes issue with an article from yahoo news used as part of the fisa warrant application process saying quote, the article does not corroborate the steele dossier because it is derived from information leaked by steele himself
Alltime highs right now. Dow is on pace for 70th record close, since president donald j. Trump was elected. Meanwhile cia director mike pompeo says north korea is just months away from developing a Nuclear Missile capable of hitting the u. S. Mainland. Former advisor to President Trump, dr. Sebastian gorka is here, with the intel on what we need to do. But first, back to our top story, Congress Passing the 2018 budget, taking the first critical step towards tax reform. Ii want to go trait to capitol hill where we find our own adam shapiro. So far so good, adam. Reporter so far so good, adam. We get the Conference Committee comes up with unified bill which both chambers have to pass. Passage, signed, sealed delivered of the 2018 budget resolution after Conference Committee, that house ways and means chairman kevin brady releases details of the legislation. Look at that possibly the week of october 30th, maybe the week after. That is kind of the deadlines were moving up against. What is