Comes to the opec meeting on thursday. Spread coming in at 57 basis points. And bitcoin. Is it going to be 10,000 today . Time for the morning brief. At 8 00 this morning eastern steven mnuchin, William Dudley on the hill of the sec will all be speaking in new york at a conference on the structure of the u. S. Treasury market. At 10 00 all eyes will be on capitol hill as Senate Begins confirmation hearings for Jerome Powell. And President Trump continues to campaign for a tax overhaul. He will be going back to the white house for a meeting with congressional leadership on how to avoid a government shutdown. Thats all coming up today. The big story into ec is Federal Reserve nominee for the chair, Jerome Powell. The gap appears to be narrowing between short and longterm Interest Rate raising concerns on the future of the u. S. Economy. Joining us now is drew matus, metlife and that achievement metlife management chief market manager. Are we expecting to see anything different from the c
The dollar, and President Trump. The ecb. Lisa the ecb is facing an economy that is recovering and not just recovering, but is definitely gaining steam in the eurozone. The question is, will they announced some kind of ending of their Bond Purchase Program and will they try to talk down that euro . The euro has been strengthening against the dollar. David it is not just the economy gathering steam, it is the euro. Lisa the fear is that it will eat into the corporate profits. David it also suppressed inflation that mario draghi said he wanted so badly. Steve mnuchin says he has been perfectly consistent, there is no problem with the u. S. Dollar even though it has taken a hit. You can see what the dollar has been doing over the last few days, not good. Lisa and took a leg lower after Steven Mnuchin broke ranks with previous treasury secretaries who always commented about not wanting a weakened dollar. He broke with that protocol and saying it would be positive for the dollar to weaken f
167 points nasdaq lost. 52 do you use this weakness to take a swing . Or do you recognize we are up so much that it is too late to take a profit or it is not too late it is hard to figure but lets do it together lets figure together. You have been waiting for a pullback to do some buying i am going to right now, this is your moment i think we can get through it okay i bet there will be some damage and you know what, that damage is your first chance for longterm investors to buy into weakness this year and i am telling you, i want you to take it i am recommending any additional pullback to put money in an index fund that mirrors the market i would put a little bit each day. This is a full crom week when we get a dip, that is your chance to put retirement money to work. We have had a market that is going straight up. I dont think the odds favor another leg up at this moment. We are far more vulnerable to let down not that we are coming into this morning session because selling begets sel
The president of this fine organization. We are very blessed to be in a community where we have a lot of educated individuals who know a lot about the battle at gettysburg. Our first speaker for the day is a battlefield guide. He is one of those folks with a wealth of knowledge. He is a coauthor of the book top 10 at gettysburg. Guide heretlefield at the park and has been one since 2004. He has conducted hundreds of doers for all kinds of visitors. From across the states. He has done anniversary battle walks for the Gettysburg National park as well as the gettysburg foundation. Some of his topics are varied and will range from artillery action to the first minnesota to the second massachusetts. War twoeveloped world to ours at the cemetery which were conducted for the National Historian site. Conducting but stewards across the 10 day campaign. He resides in new jersey with his wife and dog. Youuld like to present to ralph. [applause] good evening everybody. It looks like everything is
Some extent. We are seeing some strength in stocks today, although the nasdaq is trading lower. We have the dow and the s p not currently s p touched a record. Dow is currently trading at record levels. Catching up with what we saw the nasdaq jew yesterday. Interesting what we saw the nasdaq do yesterday. Opec unexpectedly struck an agreement on production and whether they stick to the agreement is a question. We saw oil have its biggest singleday gain since february. 48. 35 a barrel. We have seen a surge in volume for oil trading. Whether there was an opec agreement or not, it seems the where oil is traded, cme group a winner here. In terms of daily volume, the green circle is an almost 2 million barrel in a single day in terms of Oil Contracts traded. That was on election day. That was, as you can see from the chart, pretty clearly a record. As you look at all of the oil opec surplus capacity in terms of number of barrels a day, this is a fiveyear chart. We have seen the surplus capa