Extremely positive senator joe mansion, democrat from west virginia, who he did vote in favor of the bill on friday he said the meeting was very positive but senator nelson of florida who voted no on friday said that he believes you will see a resounding yes this according to our colleagues from nbc news. Republicans feel they offered a significant olive branch and even being willing to bring immigration debate to the floor before february 8 but we will see whether those assurances are enough to win over what are 12 democratic votes needed to secure this to reopen the government but stocott, of that, it goes bc to the house, and we will talk about that vote as well. Thank you so much we will jump back to d. C kayla will monitor the vote as it takes place a vote that could take a half an hour or so in the meantime, markets remain front an center for us as always our expert panel is with us, as usual. Today we have ian winer of web bush security. Josh, the headline from a market perspect
One fed member indicated that he or she believes rates could rise a half percent at the december meeting, not just a quarter point. Surat, can stocks and rates both rise at the same time . I believe they can. The reason being that the fed has been actually pretty good at telling us what theyre going to do those expectations are baked into the market. The market hates uncertainty so whats driving this market and whats driven this market since last july are earnings global earnings are doing better and i think theyre going to continue to do better. And if rates move up but they dont move up faster than expected, i think you will see the market go up multiples might not expand because i think theyre pretty high levels, but if earnings expand, then stocks grow into those earnings. John, listen, in 1994, the Federal Reserve raised rates by 2. 25 . In 1995 the dow rose 33 can we do it again we can. Can or will i think we will first of all, can we go up when rates are going up weve done it be
Pete, its the least volatile september ever you guys are going to dive into that in a bit over at the telestrator to show us exactly how. But man, the stocks have been steady. Yeah. And i think part of the story, scott, is just the fact that you mentioned steady we talked about rotation those all feed into this i heard bob pisani talking about lack of volumes. But its not a lack of volumes in the derivatives world or options world where we are consistently trading close to just under 17 million contracts a day. This used to be a number in 2011 that was closer to 14 million a day. It started to grow we peaked out at 18 million and here we are trading just under 17 million a day so there is volume and there is volume in the derivatives markets and other parts of the market unfortunatelwere not seeing h of it at the new york buthink the healthiness of this rally oat least this sustained area of near these highs, establishing new highs almost daily has been because it has been a healthy ro
Snap has beaten up the social media stock. Scott devitt is injoing us by phone. Welcome back. Thank you for having me. This is a heavy call. People expected the stock to move lower why today with this move the lockup expiration i think is more and more internet cops have become public over the past five, six, seven years. Investors have become more educated on timing and pricing in the incremental supply and snap has been responding to the upcoming lockup expiration for some time now. But its important to note that its not just about the lockup operation. There has to be a fundamental story behind the stock and were more favorable right now. People are growing more conscious at a time when you seem to be growing more optimistic based on what metric we track things at downloads and engagement which is disclosed by the company and our view is that the narrative thats been created by instagram, Facebook Messenger continuing to add core features and functionality that the market is zero su
With earnings from oil majors amazon, alphabet futures are a little bit positive. Europe a slight loss at the moment. Tenyear close to fivemonth highs we got yesterday. Road map begins with amazon shares falling after that miss. Big spending abroad cutting into bottom line, one bright spot is aws. Googles parent alphabet sees profits rise in mobile and video advertising. Shares poised to open a bit higher this morning. And ge in talks with baker hughes on potential partnership. Baker hughes rising on that news. But first up, amazon falling on quarterly miss amid higher cost increased spending on warehouses, Digital Content and other areas. Holiday guidance also weighing on the stock. Amazon web services up 55 in q3, but were deep in the investment cycle here. Theyve opened 23 warehouses since july. Only three in the first half. Well, i think people have to recognize theyll look at amazons run and theyll say why didnt i participate in amazons run. What kept me from doing that . And the