The question is, what is the catalyst that will get market to move higher. Were all over that. Speaker pelosi struggling to explain the holdup. I want this very much now. People need help now. No use giving them a false thing just because the president wants to put a check with his name on it in the mail. Charles okay. Well, this is not the ownly issue for democrats who are running out of the ways to try to stop the confirmation of Amy Coney Barrett. Back on the hill for another day. I will ask rnc rep Liz Harrington about her performance. Deneen borelli is with us. Her take on rapper ice cube reaching out to the trump administration. All that and so much more on making money. Charles you know it is another quiet day on the markets. The broad market, i think this is a consolidation phase, right. Big recent gains in front of record levels for the major indices. Headwinds versus tailwinds. Narratives staying with this market the last two months. More or less on hold. Leaves investors won
Markets finished near session high, momentum continues, yesterday renewed talks between top lawmakers sent dow 222 points. House Speaker Nancy Pelosi ruling out bailout for the Airline Industry. Mostly higher. The storm restrengthening overnight as it can become category 3 before making landfall in the gulf coast. The ballot debate. Biggest worry voters had this morning. And the winner of the 2020 nobel peace prized announce an hour ago, awarded to un president , donald trump was one of the nominees. Mornings with maria begins right now. European markets also higher, take a look, the cac quarante up 21. Dax index is lower, down a point. Mixed story in asia, best performer china after being closed for 3dayday. Top stories that we are watching this morning. President trump says hes feeling great and might return to the campaign trail as early as tomorrow. The president telling me he may hold a rally in florida if he gets the all clear from doctors, hes expected to take another covid test
Deal. Markets pointing to another record high. Weve got gains across the board with the major indices once again in unchartered territory. Dow futures up 23 points, s p up 2, and nasdaq futures higher by 9. Impeachment standoff, that continues this morning. Congress is headed home for the holidays. But democrats are holding up sending the articles of impeachment to the senate. The battle focusing on witnesses now. What happens now . We are digging in. Then the force not so strong this time around. Star wars, the rise of skywalker number one at the box office in north america but falling short of the last two films in the trilogy. Mornings with maria begins right now. Its christmas time and weve got the spirit. Jacks for chilling. Thats what christmas is all about. The time is now. The place is here. Maria weve got christmas rapping going on this morning. We have a big show. Good morning, everybody. Joining the conversation, the director of Equity Research at cfra, ken leon is here. Pol
Much more. Making money begins right now. Charles market picking up on yesterdays late buying even as the media guessing game continues. Phase one is on. Phase one is off. It never end, right . Yesterday i had the honor of interviewing Vice President mike pence and i was asking him about the roll of tariffs now and into the future and it is clear the administration believes strongly in the roll of tariffs. I think through the long history of this country the night has always used tariffs and access to our marketplace to strengthen this economy and President Trump took office and made a commitment that he would put american jobs and American Workers first and use the authority he has as president of the United States to control access to our marketplace with tariffs. Charles so i think the media has been totally wrong on this. If you crunch the actual numbers, the cost of tariffs, assume they all fell on america, which of course they dont it would be the proverbial drop in the bucket fo
Growth, trade uncertainty, lower inflation. A number of participant thought it would better align the feds benchmark Interest Rate with socalled neutral rate, the rate that neither spurs nor slows growth. Several members want to the maintain rates. Not cut rates last seening. They thought the economy was in fine shape and they wanted to save firepower for when the economy actually deteriorates. There were a couple who wanted a 50 basis point rate cut. We know one of those was st. Louis fed president bullard. Going forward, more concerns about risks to the outlook in terms of trade uncertainty, slowing global growth. They are looking at protests in hong kong. They see a significant probability for a nodeal brexit. They see what is going on in the middle east, how that could impact the outlook for the economy domestically. Several members also discussed the job market. They do still see the job market as strong. However they are looking at weakness in manufacturing and business investmen