Faber. Lots of news, m and a, Congress Returns to work, daca decision and Hurricane Irma, cat 5 storm. Rollback begins with Global Markets on the move as tensions with north korea remain high as the most powerful nuclear test was performed yet. U. N. Security Council Holding emergency talks. 30 billion when you throw in debt, one of the Biggest Aerospace deals ever Gregory Hayes will join us in an exclusive interview 30 minutes from now. Congress back in session. Deferred action for child arrivals is back in the spotlight. A big week ahead for the agenda as congress is back in session. The president is expected to end protections for young immigrants who were brought into the country illegally as children. This is the deferred action for Childhood Arrivals Program or daca markets looking to open in the red as investors get their first chance to react to the latest north korea threats. Harvey recovery, budget debt ceiling. Well see where tax reform falls in all of this after a weekend w
As we await sessions, lets bring in elevation parters in Roger Mcnamee this morning, sar sar sarah fagen and elan muy lets set the table for what we expect sessions to say the white house wants to end this program and it looks like there will be a sixmonth delay before it actually phased out. The big question that sessions will have to answer is exactly what will the end of the Program Look Like . Is it a shutdown of daca for all the people would are currently receiving those protections and benefits or is there some sort of phaseout that could allow people some perhaps grace period before they see those benefits run out and before they can face deportation. Quickly here, sarah, we expect the ag in a moment, people turning their attention to what were expecting to be a six month period for congress to react. With now a number of new obstacles in their way what might their calendar look like the calendar is getting more crowded and certainly with other issues before them this is not a g
The businesses that have already hired them. Team trump drops daca in the lap of congress, ending protection for 800,000 Illegal Immigrants brought here as children. Former virginia senator and governor george allen on the business fallout and whether congress will step up to deal with daca. Plus, former South Carolina governor jim hodges has faced down hurricane hugo back in the day. Should aid packages be tied to the debt ceiling passage . And what if you lost your entire house to a disaster . As Harvey Victims try to rebuild their lives, many may be tempted to or actually have already raided their nest egg, their 401 k . Should you lend yourself money from your 401 k in terrible times of trouble . A lot of people have said no in the past, but there may be another way. Todays markets reminding us of septembers horrible reputation as the worst performing month of the year for stocks, and wall street hasnt forgotten. Financials the biggest drag as the Dow Jones Industrials fall 226 poi
Citizenship. Its not a permanent fix. If congress chooses to make changes to this law to do so through the process set forth by our founders. Deirdre that was u. S. Attorney general Jeff Sessions laying down the loft announcing president President Trumps decision to phase out what he calls unconstitutional obama era protections for socalled dreamers or immigrants who were brought into the u. S. Illegally as children. Putting the ball in the congress is court with this giving them a sixmonth window to fix fix it. Welcome to risk and reward i am cheryl casone. Great to have you here. A lot of news to get two for the day. Well we will start with what happened on wall street, the triple digit dow dropped. That dao diving more than 200 points as north koreas latest bond test watt rattled wall street. We will talk about the impact on your portfolio and now the ball is in congress as court to act on the controversial obama era executive order is calling for deferred action on the illegals who
We getting breaking data out of the eurozone. It will close the final figure for august, 54. 7, narrowly below the earlier estimates and still way above the 50 level that separates expansion from contraction. The figure is 55. 7, narrowly down from the earlier estimates of 55. 8. Below thelightly earlier estimates, but still showing strong growth. Big ecbpproaching the meeting on thursday, as if you did not know. Lets look at european equities, rising for the fourth day. Investors are shrugging off yesterdays geopolitical concerns, at least when it comes to the equity markets. The stoxx 600 is up by 1 3 of 1 . The swiss franc remains the haven currency of choice. That is the eurofranc, rising for a second day. Of sundaysans nuclear test. 10 year yields in the u. S. , down a couple basis points. 2. 11 is the level to watch, the level reached on august 31, the lowest since november 9. Hroughwest for 2017 and t november last year. Gold was a haven earlier. Coming down off the earlier high