Marijuana. In states for pot is legal, attorney general Jeff Sessions has directed federal prosecutors to use their discretion in deciding how aggressively to enforce federal law. The death toll from a passenger train crash in south africa is now at 18. A South African officials said the train slammed into a truck driver mistakenly thought he could cross the tracks in time. Ministerrys transport said an additional 260 people were injured. In freedent occurred state province. The United States and south korea will not hold their angle joint military drills during the Winter Olympics next month. According to a statement from the office of the south korean president , in President Trump agreed during a phone call today at the gates the games in pyeongchang should be kept peaceful. South korea plans to cornett talks withs. For north korea that are scheduled for next week. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im Mark Cru
Fund strat energy, industrials once again leading, less than 20 points away from dow 25,500 tom, you just raised your yearending s p target to 3,025. How did you get there . Well, its just a simple matter of e growing 13 and some expansion gets you to 3,025. So a 10 upside to the market do you think its high enough . You know, our technician was thinking about how he thinks the base case is 3,000 so the s p could do something several hundred points higher than that. I think 3,000 is a good base case. So weiss, weve gotten buffett talking about the benefits of the tax plan seemed to be very positive on stocks last week it was tepper, the other day rosenstein saying hes more invested than hes been in a long time. Are we getting this right . Are we bullish enough to match what these other investors are seemingly thinking i think we are bullish enough, but theres that haunting feeling that weve seen this before and it doesnt usually end well however, then you go back to what are the fundam
Consumer price data as well as retail sales ecodata. Noon, federal fed president Patrick Harker gives an Economic Outlook street speech. 12 45, the president has his annual physical exam at Walter Reed Military Center. Emma chandra has the first word news. Emma lets get you caught up on the headlines. The United Nations calls President Trumps remarks about immigrants shocking and shameful. He is said to have used foul language speaking to lawmakers about why the u. S. Accepted immigrants from haiti and africa but not places like norway. President trump will not say whether or not he has spoken with kim jongun. He refused to comment but says he probably has a very Good Relationship with the dictator. A germany, there is preliminary agreement and four months of political stalemate. According to people familiar with the discussion, chancellor Angela Merkel and the Democratic Party have attempted to form a new government, using more government involvement in education and changes to Health
Lets get to the Global Market picture. Lets look at a start to the year which has been the best start to the s p since 2003. The first nine trading days of the year up 4. 2 on friday the dow was up 0. 9 the other two indices up 0. 7 . Week to date about 1. 5 to 2 of gains. This morning, as you can see, resoundingly positive start in the premarket. Dow up 271 points. The s p up just 14 the nasdaq up 38 very much the dow surging higher this morning tenyear treasury note for you which has been in focus, last week yields rose in lieu of international yields rising at the start of the week, but then gave up some of that gain towards the back half of last week were at 2. 53 we got very close to 2. 6 early part of last week. Look at the mood in asia the nikkei at a fresh 27year high, up 1 in todays trade hang seng closing actually at a record high, 31,904. Stocks there up 1. 8 the shanghai composite up 0. 8 south korea seeing gains of a similar amount the key Economic Data in asia will be chi
Rippling spotify revealing plans for new listening options, for radio and podcast. Yvonne it is a showdown in the podcasting world. Also a showdown in washington. We are going to be getting the vote. Essentially we heard earlier today that the senate does not have enough votes to pass a continuing resolution. Looks like we are closer to a Government Shutdown. I want to pull up this chart, which raises another issue. It i separates, but related to this continuing resolution vote. Issue, which is the debt ceiling. That deadline is coming up. It is a bit of a moving target. Expectations are we are going to hit that debt ceiling and need to lift it in march. That is being reflected in treasury markets, where traders tbillsing shortterm due in march. Yvonne its interesting you up, because there is difference between a shutdown anticrisis. We are only talking about there is a difference between a shutdown and a crisis. It could be limited depending how long a shutdown lasts. Some nerves in t