Back in october. Right here on fast money. Mike novogratz is back hes here exclusively. But, first, we start off with breaking news, the embargo lifting now on the fed chair nominee Jerome Powells testimony ahead of his confirmation hearing tomorrow. Lets get to Steve Liesman with the details. Thank you very much Jerome Powell, the fed chairman nominee, nominated earlier this month by President Trump, will say in testimony before Senate Banking tomorrow he expects rates to rise, quote, somewhat further and the Balance Sheet to gradually shrink he pledges to preserve the feds independent nonpartisan status and says transparency and accountability must accompany that fed independence. Thats a nod to some critics, particularly from the Republican Party in the senate and in congress he says he will look for ways to enhance that transparency and accountability but goes on to say, i am a strong supporter of current fed structure. Thats a bit of pushback on some we want to change that structu
Not just the company that hopes for the initial public offer, could this company help a generation thats been disillusioned with wall street regain their interest and confidence in the stock market . Tweel you why some are banking 140 characters could launch a new investor class. Fingers crossed. The latest on that troubling incident yesterday in washington, d. C. More reports that the woman involved had a history of mental illness, even believing that president obama was monitoring her. All this reopening a National Discussion about Mental Health issues across america and if we have the resources to address those. Stay with us for more on that. Meantime, get you caught up today on wall street. Sitting near the highs of the session right now, as a matter of fact, with the dow up 43 points. No jobs number this morning. Didnt have that to think about. But weve had a bit of a bounce from yesterdays decline, back above 15,000 on the industrial average. Nasdaq has been stronger this week an
For the new world . We love the canadians and rbc has been great. Intell me what is going on the u. S. Particularly with the stock market. We had this great run and everybody is concerned we are down about two percent year to date, which is really just noise. The real story is that corporate rockets are coming in really strongly during earnings season, the beats are coming in about 2. 5 , and it is all on the margin line, and that is a real surprise for people. I think it is actually a very bullish call or a list signal that profits are up. We have two Big Companies reporting, procter and gamble 121 versus 120, you had kimberlyclark coming up, they beat analysts estimates. But as he said, sales lower, profit higher, what do you think . Expansion of multiple that will lead this market higher . This year in a 2014 will be very different than last year. It is the earnings story that will come through. When a lot of who have been concerned about is the budget, they cannot go any higher, co
Of annual visit on the state induction. Energy is front and center. Were in davos. And daniel juergen, together. And Michael Mckee, talk about ripping up the script. Argentina and the emerging markets are front and center for everyone in doubles. In terms of emerging markets, a lot going on. We will talk about that in a moment for it lets start with energy. It is 11 degrees in new york. Natural gas prices are heading for a fourth day high. The biggest weekly gain since 2012. Meteorologists predict temperatures will remain below normal through the end of the month. It will be cold when you get back. Not much else going on. We do have some earnings before the bell that will matter. Procter and gamble, xerox, and honeywell. Also, a look echo what might have been. We have to get straight to the data check grid the red is stunning. It is not just emerging currencies, but global stocks. A lot of concern about what is going on in china. S p 500 futures are down by almost 7 10 of one percent.