America inside of the peach there. He is expected to talk about deregulation, tax cuts, tax incentives, boosted economy to the record recovery what is expected to talk about. 11 years going forward. He is expected to talk about wages are rising. We have low inflation, looking at that, boosting spending. How his policies done that you will hear frustration from democrats. This is, frustration about democrats. This is how the Vice President , chief of staff earlier talked about how democrats are holding back the administration they have not done the things what they promised to do. They problem is to work with the administration to lower drug prices. They promised to work with us on infrastructure and work with us on trade deals. We are anxious to complete the trade deals that keep this economy going. Reporter some excerpts of the speech we obtained. One of the key insights of economic power is incentives. Unlike past leaders the president is expected to say my goal to insure this power
Mnuchin expressed confidence, tax reform will succeed regardless of the efforts to Reform Health care. Now for the s p 500, its down 20 points. Certainly had been a lot worse. The nasdaq lower by 105. To that point, were looking at all stocks and the trump rally that has hit this bump as President Trump hits the road to pump up American Energy dominance. Hes expected to leave the white house or the Energy Department at any moment to give a major Energy Policy speech in this hour. What hes expected to do is lay out his plans on how to make our nation a Net Energy Exporter by using American Energy abundance while keeping oil, solar, and, yes, Nuclear Power at the center of u. S. Energy strength. Report editor steven Oil Associates president and former trader and current mayor of new jersey. Mike on what they like and dislike about the president s plan. The dow now down 143 points. Lets start the countdown. Liz folks, we have breaking news. Investors. Biting the hand that has fed their po
Plows 1 billion in two uber rival didi. Half an hour away less than. Its friday the 13th. I wont draw any correlation between the date and the board. We are trading down, softer this value telling us that the axle open down around one half of 1 . Inlondon market looks like will be down 1 10 of 1 . Friday the 13 risk off. Caroline it is certainly unlucky along asian markets. People moving money into the dollar, outlining the hawkish tones coming out of the fed. Thats two days of gains for the dollar. Meanwhile, the yen is trading higher. But isromo. 6 this week currently off by 4 10 of 1 . A flight to safety, to gold, the index currently off by 2 . 21 to show you was the gold index, which is trading higher. Meanwhile, crude oil is off by a tenths of 1 . We have seen that rally, the inventories coming back, but today, a bit of the selloff coming off that sixmonth high we saw in oil. That was a check out on the assets you want to keep an eye on. Now lets get out to the first word news wit
Seding 2. 4. I think i thinthiseloff is all about e way we got a strong doar, the way oil has come do so much. And the way terest rates have plummeted. Rst,nderstand thattocks can act qukly stimi. Becae stocksre for t most partrading together commodity style like bushelsf corn or wheat. Eat. It shouldnt be the case but we know it is. Short term stocks should tra based on the fundantals. Ey areeant to bettached to companies arent ty . But than but thanks to forces ranging from what the federal resee is dog or sayg to the p of oil, the pitics to iowa strong polls to hedge fundsetti against s p 500 futures rather than selling indidual stocks that darfutus tail thatag and sometimes strangle. We get instanteans tt are just like the inant pocal an we hed ou the incident anas is often people from acting on. Stocks are no fferent. Now weend to think about commodits the me way we think about the tides of t ocean. Lete that example tight. When things are good tid coming in,verything in the ter l
Im manus cranny. We have a great lineup for you throughout the next two hours. This hour we will speak to the former italian Prime Minister mary monty. Mario monti. Draghi downgraded the forecast, we speak to the former ecb president jeanclaude trischet. Then we have Russias Deputy Prime Minister who will join us at 10 00 a. M. For todaysharpen because it is jobs report in the United States. It is especially crucial because it is the last one before the feds september meeting where they may hike rates. Lets see how the markets are trading with caroline hyde. Caroline nervousness, riskave will, call it what you we are down when it comes to equities in europe. Three things unnerving investors. The first, it is jobs day. Will it be a bearish sentiment. ,he number is more than 217,000 does that mean a fed rate hike c ome september . But does it mean we will see a hike in september . If the number is below 217,000, does that shine a light on the poor Global Economy once again. Damned if you