Fine. No tents. It is four out of 10 today but im sure we will be at least a nine or 10 by thursday meanwhile it is National Telephone day so bus stop buddy got mom and dads giant early, cell phone when they were the size of the brick. Grab rain gear today, that is real message with buddy, and, and, another round just entering delaware, so it will be raining again before too long, 53 degrees right now at 16 miles an hour wind, out of the east northeast that will keep us cloudy. Maybe sun will burn through a little bit but 58 is all we can expect today. Two word to remember bob kelly , rainy, windy, on and off, hold on. Hold on, sueby. All day long. Are you talking about National Telephone day, okay. Ready for a flash back. Im ready what color phone do you have in the kitchen growing up. Avocado green. The mustard, avocado green, had the beige, the orange. Now remember the phone had to match the appliances. Yes. The greenery fridge rate or , yellow package, light brew with the really sh
Yesterday. David time for the morning brief. Apart from the all important fed a. M. Steven 8 00 mnuchin speaks at the independent Community Bankers capital summit. We will get adp Employment Data, the consensus for 185,000 jobs added last month. After the bell, it is earnings watch. Facebook and tesla will be reporting. Alix decision day for the Federal Reserve, the bloomberg surprise index starting to roll over. Sales, week core cpi, week march job numbers. Mckee. Shington, michael how does the fed a dress the weaker data we have seen . Michael they are going to have to mention the fact that the economy slowed in the First Quarter but they do not want to take june off the table and do not believe this will be a continuing problem so they will probably talk about it being transitory. They may mention seasonality problems we had. Tractornta fed, gdp now comes up close to the average gdp numbers we get, shows First Quarters have been terrible for the last couple of years, but look at tha
And possible next steps by the administration. Steering this discussion will be marc sumerlin, managing partner at evenflow macro. Marc served as Deputy Assistant to the president for Economic Policy. And Deputy Director of the National Economic council under president george w. Bush. Please welcome marc and his panelists to the stage. George callas, senior tax adviser in the office of the speaker, douglas holtzeakin, president of the American Action forum, and mark prater chief tax counsel at the Senate Finance committee. [ applause ] good morning. Were all very fortunate to be here on the Tax Reform Panel. President trump, majority leader mcconnell, and speaker ryan have all declared that tax reform is the number one economic priority for this year. If there were three people that i would pick to be in a room and write a new tax plan for me, it would be mark, doug, and george right here. Were privileged to have them. George is the senior tax counsel to speaker ryan. Doug is the presi
Technology that could be causing concern. We got the details. This is the sixth most expensive piece of artwork sold at auction. The amount of money is called, quote, mind blowing, 110 million and change. Well tell you all right, i just told you how much it cost. Well, well tell you the exact number of, but it will also tell you about the guy who shelled out the money. What a character. Thats coming pup. Sure is. Hordesing nation. Americans have nearly 2 trillion in checking accounts. The highest in the u. S. History. Is this a warning sign for the consumer, perhaps . I dont think people realize its you know, retiring everybodys saving, and its the accum anyway, well get into it. The market rally today. Stocks now seeing the biggest gains of the month, and just really picked up steam throughout the session. Closing bell exchange, finding out more about it. Gran it investment advisers, and kevin and next to him is john, and our own rick santelli. John, what gives . I mean, this morning,
Dollar flat, tenyear 224 and moderate action in crude. Budget priorities the white house out with its 2018 budget plan today which targets big cuts to medicaid, food stamps and disability. Plus u. S. Markets are shrugging off global terror concerns. Futures are aiming for a fourth consecutive day of gains. Isis claiming responsibility for the deadly concert bombing in manchester, uk. The worst terror attack in the uk since the london bombing in 2005. The white house set to unveil the president s budget for 2018 which aims to eliminate the deficit in ten years, the budget includes 3. 6 trillion in spending cuts over a decade, including medicaid, food stamps, welfare, Student Loans and disability benefits. The plan does call for an increase in military spending, most notably, jim, calls for 3 real gdp from 2021 all the way through 2027. Yes, i dont know what to say. You read the new york times, notice i didnt call it the f l failifai failing new york times. This is ridiculous. In a news