This is the highest profile meeting yet between the Intelligence Committees and the members of the trumpcampaign. He did say this morning that there were four specific meetings that he took as a Campaign Official as the president s soninlaw with russian officials that were of varying levels of seniority during the course of the campaign and after the election before inauguration. He painted a picture of the campaign as overworked, under staffed and on the receiving end of a dluj of communication not just from officials from russia but from different companies, different other countries and for people that wanted to get a better sense of exactly where the then candidate donald trump stood on issues. It is unclear how deep the probe went. He laid it out in great detail 11 pages in the statement that came out. Lawmakers have been relatively mum as they have been trickling in and out of the meeting. We will see what Jared Kushner says when he makes public remarks in just a little bit. We w
The grease fiveyear bond should price sometime today. What will that price be . The vix lower on the day. David time now for your morning brief. General motors and caterpillar will release their earnings later today. The home prices for may will be out. And we will get july Consumer Confidence data. Alix thank you. Companies in the s p reporting this week. Here is where we are stacked up so far taking a look at sales and Earnings Growth. Top is sales growth. The bottom is Earnings Growth. Blue is technology. Orange is the rest. Much google today. They are getting hit by 2. 5 after disappointing some investors in terms of revenue. Here is what the coo had to say. We are obviously happy with the ongoing strength and advertisement revenue, particularly in search. We continue to drive user adoption and engagement with mobile devices. Build bettero expenses for users and advertisers. We see increasing contributions from growing nonadvertisement revenue businesses. L trying us is pau google
Going at the moment. Off by 1 . Its all about the meeting between opec and their allies as to whether they can start to restrain supplies. Its time for your morning brief and a look ahead at the week. Nonopec members will discuss compliance with production cuts. Disney out after the close on tuesday. On wednesday, south african faces at Jacob Zuma Vote of noconfidence. Friday is u. S. Cpi data. The markets will be paying the most attention to those numbers on the heels of strong jobs numbers last friday in a continuing question of why we arent seeing more inflation. As you can see from this chart, the cost of protection inflation is largely down so far. Markets, two bond market tightens, black mark and blackrock and vanguard journey me now is paul richard. Welcome back to the program. Answer this quandary. Where is inflation . Shouldnt it be higher given all the other phenomena . Is hiding somewhere. I think vanguard and blackrock are right. It is coming. We just dont know when. You ca
Joining us here. There are reports that alphabet and other Tech Companies drafting a letter opposing the administrations temporary immigration ban, according to recode. An early draft we are a nation made stronger by immigrants. As entrepreneurs and business leaders, our ability to grow our companies and create jobs depends on the contributions of immigrants from all backgrounds. While security and vetting procedures can and should always be subject to continuous evaluation and improvement, a blanket suspension is not the right approach. As the president prepares to welcome key members of his strategic and policy forum to the white house tomorrow, henry, how important is it that these companies are getting together to write a letter, some argue, as strongly worded as this . I think together they do have a lot of weight. If it were just one, it would be much less so, but these are incredibly Important Companies to the economy. Theyre right in saying immigration has really strengthened t
Look at the vix at 11. Yep. The vix is at 11. Yesterday somebody came into the s p 500 pit in the last hour of trading, and bought a whole bunch of protection that expires monday next week. These are s p 500 puts at the 2250 strike. They have already lost a pile of money on that trade. Put up 4 million, lost 5 or 600,000. So the big money is still protecting. Is not complacent. They have been doing similar things in the vix pit. Putting on protection ahead of the jobs report. And or whatever might be tweeted or happen over the weekend. With the interview, for instance, with the president before the super bowl on sunday. All of that could impact the markets, and some people want protection. So i wouldnt say its complacent. I would say that its right where it should be. Youve got the Missile Launch in iran. You have the whats termed the tough call with the australian prime minister. Comments about mexico. And oh, by the way, a fed that could move in march as rick reader told us yesterday