Into the market. And there he was. The man known as the god father says the market is setting the stage for a vigorous rally. Ralph acampora will explain why. Goldman sachs has been the big winner since the election. The banks ties to what is being described as one of the largest financial flaws in history could be a red flag for investors. We have details on the important story coming up. And a survey says economists are skeptical of president elect trumps growth plan. Billionaire carl icahn appeared on Halftime Report earlier today. Hope you saw that great interview. He is concerned that the money going into the market right now is coming from people who just dont study the market. There is a lack of stock for sale. Yet on the buy side from what i consider a lot of investors that really dont study the market. They are giving it to people, giving it to a buyer of etf. They tell you the goal is to buy through a black box. There is nobody deciding is this a good stock. Can you decide if
And congratulate steve, you have done an amazing job. Steve called me up the day after the election, might have been the same night to be honest with you. Maybe one minute. And he said id like to put together a group, world class heeders thats what he has done so good job, steve. A couple of things happened this morning. 227,000 jobs, great spirit in the country right now. So were very happy about that. Think that its going to continue big league. We are bringing back jobs and bringing down your taxes and getting read of regulation and exciting times ahead. Were going to be coming up with the tax bill very soon, healthcare bill even sooner, and its really working out. Sophie from the Cleveland Clinic has been helping with the veterans and we appreciate that. You have been amazing, and we really appreciate it. One of the things i heard this morning in watching the news was that amazingly its never happened before, that politics has become a much big are subject than the super bowl, were
Theres quite a lot going on in the markets. Investors once again trying to adopt status quo as they are trying to figure out what happens next. It is a cautious tone at the end of a positive week for global stocks. Next week we have a major speech from donald trump. A lot of industry and Market Participants probably waiting to hear what comes next in terms of his reflationary measures. Tactically00 unchanged. I want to show you volatility. We are seeing a Little Movement when it comes to these yields. 12 54. 05. One of the stress tests when it comes to Political Risks in europe is the spread between the german and french 10year yield. Let me bring you to my bloomberg terminal. Weve been watching it all week. We are seeing a takeup for the spread as investors, after news that Marine Le Pens team met with top bankers, figuring out what her chances becoming president are, they dont want to get burnt on the markets. We will get back to these indices shortly. First lets get the bloomberg fi
And the bit coin and crude a little softer on the day. Jonathan President Trump has the market on the brick of history. The dow closed in record highs in 10 straight sessions, the longest streak in 30 years and two more days of gains would tie it for the longest ever. The treasury secretary took some of the wind out of the sails, sending yields and the dollar lower and this comes ahead of the president s speech with a conserve pitch Political Action Conference Today at 10 20 p. M. Eastern and address the congress on tuesday. To discuss it, the head of strategy and then the head of the office at ubs. Jeff, lets begin with the 24hour roundtrip of the treasury secretary starting 3 growth and talking about a tax plan coming in august. Why didnt the bond market buy it . Jeff at this point its in a world of expectations and you mentioned two factors, the yield and the dollar. But that does come after three key components in terms of financial conditions. Two of them have eased somewhat yield
Does the gop have the votes . What does it mean for the agenda . Starbucks Howard Schultz on with jim last night. And eight are arrested as isis claims responsibility. First up, wall street keeping an eye on wall street today. The president lobbying hard for the gop Health Reform bill ahead of a critical house vote. Rules Committee Gavels last night without any timing. The house gop delaying a 9 00 a. M. Meeting right now. Its going to be a long day. Yeah. Look, i think that the t. A. R. P. Comparison if we remember t. A. R. P. Goes down the first time and then looks like all heck breaks loose and then t. A. R. P. Again. This is like a mini t. A. R. P. To me. I think theyre going to have to come up with something. Im looking at it from the corporate way because thats all i can really add. I know the hmos, the big public hmos so important to the system they dont want to be in this thing anymore. You may think that you could either vote yes for this ryan plan, or you can keep the obamaca