We need fed chief jay powell to listen to last nights big, bad Conference Call from csx thats a railroad. Or this mornings report from aerospace texron that showed a weakness in almost always Robust Aerospace sector or tonight, surprisingly not so hot guidance from united rentals, the Equipment Rental company at the same time, we need to innor ti ignore the bank Conference Calls from bank of america on the heels of the major bank stocks that have been good. Certainly happen we got lets hope he stays away from any Conference Call in the red hot airlines sector. Why . Because we have two economies and right now out of scn krrks nrks krrcn sync if you believe bank of america, j. P. Morgan, citi group, why not, consumers are spending but were taking down a little debt. Paying it off. Based on what is happening in the consumer economy, you could easily make the case for more rate hikes here but the Business Economy is a totally different story. That Conference Call, i have to describe it as
S p and the dow look to make some history again today crypto again as we said in the cross hairs getting blasted from all sides and a surprise for snap were going to tell you what has that stock moving higher this morning. Stocks are aiming to make some history again dow and the s p on track to set some new alltime interday records. A day after posting record closes including the dow finishing above 27,000 for the first time, jim. As, again, powell was the name of the game. Yeah. Look, powell is giving you what you want if youre a bull. There were some great lines where you said, look, remember what my job is my job is if we have an expansion, keep it going and that is so bullish because what hes saying is we have an expansion. It may be slowing. Weve got to keep it going so we have to do some cutting. The part of the game with 25 versus 50 is a setup the bears are saying we need 50 so that the stock market does not run down theyre not going to get 50. Im disappointed i think what powe
All the latest details for you. After the bell, nike will report earnings. We got a debate on whether the stock is a buy ahead of that release. We begin with all of the news how ut of washington. Cnbcs john harwood is in d. C. With developments on the effort to repeal and replace obamacare. Ylan muil has the latest on the tax reform eamon javers, details on the press conference with the Prime Minister of jane Janet Yellens speech this afternoon. John, lets begin with you. Wilfred, today it became official what was obvious yesterday when Susan Collins became the third republican to oppose that Graham Cassidy block grant bill to repeal and replace obamacare. Turned tout be three republicans who caused them to pull the plug rand paul of kentucky, john mccain of arizona, Susan Collins of maine other opponents as well. Many states including the states of these three senators lost money under that plan. Remember, this is a plan in 2026 would have taken away 215 billion that the government is
. . I think that in many really bizarre ways, the world Series Finale feels a heck of a lot like todays market where the dow dipped 77 points. S p declined 0. 65 . Nasdaq lost 0. 93 . Now, you know me. I care about the players for certain, and the game is definitely of interest. But when i think of cleveland versus chicago, im defaulting to a map of cramerica and the players that rule those two cities. In chicago, its walgreens boots alliance, boeing, Archer Daniels an allstate. Cleveland, eaton, sherwinwilliams, Parker Hannifin, keycorp and cliffs natural resources. I have no idea who wins the big game tonight, but i also dont really care, not because im not interested in baseball. I used to be a vendor selling ice cream at Veterans Stadium in philly. I threw out the first pitch last year against the diamondbacks. Mike schmidts my hero. Its that i like both the cubs and the indians because theyre both underdogs like my teams for me too choose. Sadly, though, its not hard to choose whi
Bizarre ways, the world Series Finale feels a heck of a lot like todays market where the dow dipped 77 points. S p declined 0. 65 . Nasdaq lost 0. 93 . Now, you know me. I care about the players for certain, and the game is definitely of interest. But when i think of cleveland versus chicago, im defaulting to a map of cramerica and the players that rule those two cities. In chicago, its walgreens boots alliance, boeing, Archer Daniels midland, united continental, and allstate. Sherwinwilliams, Parker Hannifin, keycorp and cliffs natural resources. I have no idea who wins the big game tonight, but i also dont really care, not because im not interested in baseball. I used to be a vendor selling ice cream at Veterans Stadium in philly. I threw out the first pitch last year against the diamondbacks. Mike schmidts my hero. Its that i like both the cubs and the indians because theyre both underdogs like my teams from philly, so its very hard choose which city will win when it comes to the st