We will ask. Bear in mind its a volatile market. Who knows how we will close today. Now, heres the really big reversal. Yesterday, that key interest rate, the tenyear yield, had dropped to 1. 59 . It was a massive move. Now its 1. 73 . A massive move in the opposite direction. Heres the question. If that bond was a safe haven yesterday, why is it not today . We will ask. Breaking overnight. I. C. E. Raided Food Processing plants in mississippi, apprehending 680 people believed to be illegals. The left is all over this one, describing the arrests as horrifying and horrendous. Mississippis governor will be on the show later this hour. Lets get right at it. Varney company starts now. Stuart start with the markets. You have to. Another wild reversal. Michelle mckinnon is with us. Tell me, what was that all about . A couple things. I think the market is now pricing in that 10 additional tariff, really wouldnt be the end of the world, because lets face it stuart the reversal. Thats why we re
Yield. Oil down for a Third Straight day. Back into the low 80s on wti crude. Small caps had been outperforming much of the day. Banks, though, continue to lag. They have certainly been pulling up the rear for much of the last several months. We begin with our talk of the tape. Is the threemonth market pullback driven by macro and Interest Rate concerns running its course as the final earnings season of the year gets under way or will the bolts remain penned in by higher rates and fears of slowing growth and whatever else we can think of. Lets ask adam parker, cnbc contributor. Adam, i dont know, people trying to look on the not so negative side. Yesterday, a bit of a failed rally. Today, yields are quiet, markets able to maybe seize on some of the fundamental news. Are weable to go from macro to micro at this point . During evenings season, some stocks give you four updates a year. The rest of it is all macro or factor betting. I think were getting some mixed to positive results on ag
Former fed chair Alan Greenspan will join us. A new program were monitoring. That call and any news out of the Conference Call as he examines a tesla. Right now. Relatedly, we do have solar city. Did he help build those cars . Work on the Assembly Line . There are teslas everywhere in norway. One of the biggest usages hydropowered, as well. Its so interesting. So anyway we have earnings coming up here, as well. Earnings getting crushed after weak guidance on the companys Conference Call last night. Down about 14 right now. Investors are looking to see whether facebook can deliver now after the bell. Its up about 1 today. Weve got a top tech Portfolio Manager who says theres only one number in facebook earnings that matter. Hell tell us where it is coming up. But lets get to fed headquarters in washington where Steve Liesman is standing by with more on todays announcement. Steve . Hey, bill thanks. The fed leaving Interest Rates unchanged in july as expected. But the question is whether
Good wednesday morning. Welcome to squawk alley. Carl quintanilla nia with jon fortt and Kayla Tausche at post 9. Joining us from Henry Blodgett and jason calacanis. Good morning, guys. Weve got breaking news this morning. Weve got top executives from at t and time warner testifying on capitol hill today before the Senate Judiciary antitrust committee. Were going to monitor that and definitely keep you up to speed. In the meantime, Time Magazine naming donald trump the 2016 person of the year. The president elect appeared on the today show this morning, talked about everything from his upcoming cabinet picks to his relationship with business in the u. S. My trade policies are going to be terrific. And by the way, were lowering taxes in this country. Were getting rid of 90 , maybe 85 of the regulations which are stifling business. Boeing is going to be a tremendous beneficiary of that and maybe even mostly regulations. I mean, people are more happy about the regulations, even though wer
No, no no. Old testament. If youre christian the it goes out. Turn the other cheek. Right here. Take it more seriously than i am. I am not taking it seriously. I will have a wonderful time tomorrow night at 9 00 at drake university. But you deirdre other gop contenders want to take advantage of trumps absence. Weve got a venue at western iowa tech. It is already reserved. I told donald he can invite half the people. Well invite half the people. I think anyone that wants to win the eye Iowa Caucuses owes it to show humility and answer voters questions. If donald trump actually believes is treated unfairly by the press that is pretty laughable. Shows when he gets criticized he cant take it. That is a shame. I dont think as president you will take it that way. I have got a double win. Im in the main debate and dont with to put up with donald trump. I dont think he added much of substanes. I dont think he is really conservative. He has a right not to come. You cant force someone to come. I