Crew touching 95 a barrel. 4. 6427 is the new cycle high. Tom this thursday is more tumultuous than monday through wednesday. An equity pop at the back end and we are short covered. And the optimist will be here with us in a little bit. You have to reset and recalibrate. There was a moment yesterday and let me get out the surveillance mouse and tell you that we had a 2. 30 10 year real yields. I did not frame that six months ago. Jonathan the equity market is kind of a snooze. Bond market huge moves. Fx one point four briefly against the dollar. The dollaryen getting closer to 150. Lisa that is exactly the right observation. Why are stocks so subtle and why are they not responding to the markets. Is there just simply a paralysis, or this is forced selling for funds that do not have a big position. At this point are we looking at some unraveling that is gaining steam that nobody wants to get in the way of. Tom i am going to when mike mckeen gives us the gdp blah blah blah, but there is
Cable up by. 3 . Hit sofutures, tech got hard yesterday, we are getting a bit of that back. David oil traders around the world are heartbroken. You have thrown them over for going. It is all jonathans fault. Ok, parliament is debating President Trumps controversial tweet. The president was wrong to retweet antimuslim videos from a far right group, britain first. Earlier, the president tweeted that Prime Minister theresa mays focus should not be on him but on the threat posed by islamic terrorism. The synod is moving toward a final vote on the massive tax overhaul bill as early as today. Lawmakers voted along party lines to begin the debate. That doesnt necessarily signal that Republican Leaders have the authority votes they need. Theenate republicans passed tax bill, they still have to hammer out differences with the house version. Oil prices are edging higher hours after opec meets. The cartel and russia are ready to extend production curbs until the end of next year. The goal is to f
Abigail we have gains for the andr averages, the s p 500 the nasdaq higher. Weekly gain for the s p 500 and the nasdaq, the best weekly gain since december of last year. The bullishness we saw last year in the s p 500 in 20 feet teen into 2018. Extending there is one small divergence or difference, that is the russell 2000, down ever so slightly. But on the week it is higher. There is a bit of the tax theme to the russell 2000. It has been a bit of a proxy for tax report, and one company is saying it will be hit by the tax cuts or tax reform, Deutsche Bank. A 1. 8 billion tax cut, the shares down 5. 9 . The real culprit behind this weakness is Deutsche Bank saying its fourthquarter trading revenue action activity down 22 . That is weighing on jpmorgan and Goldman Sachs, both of these big theirderive much of revenue from trading activity. We will continue to watch headlines around that. Speaking of passes, we will check in with some of those taxes, check in with some of these high Tax C
Week. I think its important to get in the machine and do precisely that. Why . We are way to quick to call the end of the world in this business and we almost invariably fail to acknowledge the sheer resilience of this amazing market. Including today dow inching up 18 points, s p advancing. 20 . Nasdaq gaining. 30 . Hallelujah during this week in 2015, we were assailed by a combination of fears that led to a decline of nearly 2,000 dow points oer just six straight trading days. 17,545 down to dow 15,666. Including one day where we shed more than 1,000 points. Before an afternoon rebound trimmed the decline to a heart pounding 588 decline. It was a stunning meltdown back then. Go back to the darkest days of the Great Recession of 2008 to find a worse stretch. For those who dont remember, there was so much going wrong all at once it was hard to comprehend. First the chinese stock market was plain collapsed in a way that totally freaked us out. The communist government lost control of sto
Meredith live at the white house with breaking news tonight about the Trump Campaigns legal team trademark, what is happening there . Factor seems to be a shakeup within President Trumps legal team and to be honest the statement we just got his more questions than answers at this point. The Trump Campaign says former federal prosecutors Sidney Powell is no longer associated with the president legal efforts, even though as you can see, standing there right behind Rudy Giuliani at a News Conference last week. In that News Conference she alleged that a foreign plot tied to communist countries conspired against president Trump Campaign and that is among many other accusations she is made in recent days in the media interviews. Now the campaign, there she is speaking with giuliani that news comes on thursday, now the campaign is ready to keep its distance writing in a news statement about 30 minutes ago that quote, Sidney Powell is practicing law on her own and not a number of the Trump Leg