Macro front. Merkel got things moving a bit. Lets take a look at the tenyear note yield. Were right around 2. 4 but off the highs that we saw, almost 237b9 2. 5. We hit it yesterday. Crude oil at the bottom. Lets get to the road map. A change at the top of twitter. Ceo stepping down. Jack dorsey will be the interim ceo and theyll join us for an interview. And the imf walking out on debt walks and Angela Merkel with new comments. What you need to know to trade. First the ceo of twitter is stepping down effective july 1st. Hes going to be replaced by the cofounder of the company on an interim basis. It comes from amid pressure from some investors who have been unsatisfied with the growth rate. Heres what was said last night during a Conference Call. One of the reasons im stepping in is of the belief i have around our direction and our strategy and specifically around the products. I have a lot of context for it as chairman as talking with the team running it and i do believe that it is r
Macro front. Merkel got things moving a bit. Lets take a look at the tenyear note yield. Were right around 2. 4 but off the highs that we saw, almost 237b9 2. 5. We hit it yesterday. Crude oil at the bottom. Lets get to the road map. A change at the top of twitter. Ceo stepping down. Jack dorsey will be the interim ceo and theyll join us for an interview. And the imf walking out on debt walks and Angela Merkel with new comments. What you need to know to trade. First the ceo of twitter is stepping down effective july 1st. Hes going to be replaced by the cofounder of the company on an interim basis. It comes from amid pressure from some investors who have been unsatisfied with the growth rate. Heres what was said last night during a Conference Call. One of the reasons im stepping in is of the belief i have around our direction and our strategy and specifically around the products. I have a lot of context for it as chairman as talking with the team running it and i do believe that it is r
Before he gets into the questionandanswer, once again around of applause for mr. Mcculloch. [applause] i am going to have to get a Plastic Surgeon to write the smile off my face to do this. Before we get into our q and a, two quick stories. One is about to do Research View go to historic sites,. Residential libraries, when i was visiting the truman president ial library many years ago all the staff there came up and would say to me and it was unsolicited, a lot of the art do you know so and so was here . The mesa to me, you know who our favorite is . David mccullough. Given the color is here and he was the nicest, he said this to me, he was appreciative and they went on and on. Im enjoying all these stories. So what i did that night before it came in the next day to finish my research i bought donuts for the whole staff because i figured they might Say Something about me. [laughter] not the same breath as David Mccullough. I think we would all agree, its without question that David Mcc
Courtney gibsons what did you make of the feds comments and reaction right afterwards . She said what she had to say. End of the day you have to give a little bit of value. She has seen amazing data. I think they want consistent data thats positive. Right . Its been somewhat up and down, trending in the right direction. But she does have to say be consistent around that team. Does your expectation for a fed rate hike change today . No. Expecting what . To hike this year. Ive said that the past year and definitely in december. September happens, i think it surprises folks. Same old same old for janet yellen . Answer two different questions. One you havent asked. I think she should raise. Will she . No, i dont think so. It doesnt matter what you think. I wanted to put it out there. Its a lovely friday in the suburbs. Thank you. One thing that could wiggle this one way or the other, the jobs report next week. I do think that that could tilt things, if you have a particularly strong report
Host have you talked to law makers met with them and what are you hearing from them . Guest the proposal is one that actually enjoys bipartisan support in many ways. If you remember about a year ago the chair of the house ways and Means Committee at that time dave camp put a white paper if you will that used this very same framework. And we think its a framework that can actually work. At the hearing in the house earlier this week there was some members of your party and the other party that were a little skeptical about this plan . That it enjoys as much bipartisan support as you are suggesting. What do you say to these skeptics . Pay fors are like they say about democracy its the worst system ever except for something else. Any time you have a pay for there are going to be warts on any given proposal. We think this one meets the test of not raising tax rates not raising deficits, but putting significant dollars into the system. At that hearing the House Transportation Committee heari