Week look at what happened overnight in asia. The nikkei eking out another gain a gain of 9 points, but thats the 14th day in a row that weve been looking at gains for the nikkei these are the highest levels weve seen in 21 years nikkei closing at 21,457 the hang seng with a gain of 1. 17 . And the shanghai up by 0. 28 the dax is up, the cac in france is up by 0. 21 spain is up, but just barely look at crude oil snapped a fourday winning streak. It is still above 50s a b s a on the wall street agenda just one piece of economic data, september existing home sales out at 10 00 eastern time. Well watch that carefully after getting some week housing numbers lately fed chair janet yellen is the keynote speaker this evening at an event at National Economists club in washington ge, honeywell, Procter Gamble, suntrust reporting results before the open. Later today an exclusive interview with ges chairman and ceo, John Flannery 10 00 a. M. Eastern, squawk on the street. Just to give explain why
Our road map begins with more earnings on the way and counting down to jobs friday. Goldman slaps a sell on gm after a very strong rally in those shares they are down now in the premarket. And first charges in Robert Muellers special investigation are likely former Trump Campaign chair Paul Manafort has turned himself into the fbi this morning. Stocks are beginning a new week after the major rally in big tech so far this month the dow leads the way and nasdaq surpassing the s p thanks to the tech surge. If we can avoid going negative for the month, guys, the s p is down one month this week by. 4, almost a perfect year up every month so far. Were in some sort of sweet spot where it does appear on friday in any other market i would have said thats a blow off. You see incredible gains from the big Nasdaq Companies but in a blow off typically the numbers cant match the stocks but the numbers were quite impressive and i know its not the focus but when you go back over intel, intel has this
Ceiling or tax reform in the next days and months. Plus, President Trump remarks come after the president huddle with National Security team in the final days of working vacation, speaking of vacation, the countdown is on, folks, we have weeks before congress is expected back in washington following their august recess, Senate Majority leader Mitch Mcconnell and Steven Mnuchin answering questions earlier today as Louisville Chamber of commerce but the focus of the discussion, it was supposed to be on tax reform, the big headline, mcconnells outlook on the debt ceiling. Blake berman outside with the very latest. Mcconnell somewhat optimistic, blake. Zero percent chance that they will default on the credit, the United States debt, mcconnell saying, look, this is going to happen, dont worry about it. He was sitting along Steven Mnuchin and mnuchin said he wants a clean debt ceiling. We will see if that happens politically but sort giving off the image today that this is going to happen. W
Opec production report. Our road map begins with the snow coming down. States of emergency declared in new york, new jersey, pennsylvania, connecticut. Well take you live to the worst of the storm. Bill ackma th sells out of valeant, a 4 million loss. The Congressional Budget Office out with its assessment of the Republican Health care plan, saying millions will lose coverage. Well dig in on the report. First up, states of emergency declared in several states as the winter storm hammers the northeast. Already a foot of snow in parts of the region. More than 8,000 flights have been cancelled this week due to the storm impacting more than 400,000 passengers. Jim, were going to see what the impact is on the airlines. I think right now, i saw a map a few moments ago, there are only eight inbound flights to new york on the entire globe. Yeah. Look, i know we had a good report this morning, talking about whether there was how badly the quarters will be. You know, im very concerned. This grou
Hours, lets get a check on where stocks are trading with julie hyman. The big note big news coming after the market close on friday. We knew that the healthcare bill would get voted on, but we had an initial reaction that has faded. Julie it has been fascinating watching the reaction evolve or people make sense of it. This is something we have an having an ongoing discussion over as well. What does this mean for tax reform, according to investors question mark how important is it that it get done by a certain time and on a certain timeline for the markets and will the rally stop at some point if it doesnt get done . Today the assessment of these questions is relatively benign if you look at the market action. We have indeed come back from a deeper deficit earlier in the session out of the gate this morning. The nasdaq was up as much as one quarter of 1 , moderating those gains, but we are not seeing a big selloff in reaction to the Health Care News from friday moving forward to the pro