Right now. Its great to have you with us on this thursday. Our Investment Committee stocks giving up big gains the dow is up more than 185 points earlier in the session. The feds front and center. Policy makers are gathering as we speak if jacksonville Steve Liesman is there, speaking with philly fed harker his comments really impacted the markets here. Reporter yeah. I think maybe the key is this. That harker is not a hawk but his talk or his answers to my questions were somewhat hawkish. Heres what he said when i asked him, you know, where should rates be where should they go ididnt think the cut was appropriate, necessarily, but i went along to it to get back to neutral. But im on hold right now. My forecast is hold where we are for exact one of the reasons is that that i think we run the risk of creating too much leverage in the economy. Reporter that comes against the backdrop of course harker did not want to raise rates in december now hes okay with where rates are right now. And
Along with other white house staffers so this is a relatively large group for this meeting you remember, last week they tried to have this meeting and the democrats didnt slow up we saw that visual of the president with the empty chairs on either side of him waiting for chuck and nancy, Chuck Schumer and nancy pelosi, to attend the meeting they never came. Today theyll be here. We should see all these chairs filled today what theyre going to discuss, though, is a mystery weve seen a dampening of the tone going into this meeting both sides know theres a lot at stake here in terms of a potential Government Shutdown as early as tomorrow if they dont get a continuing resolution to kick the can down the road another two weeks in terms of government spending. So Sarah Huckabee sanders just briefed the press within the past hour or so, and laid out sort of her expectations from the white house perspective of what well see in the meeting. Heres what she said in terms of the Government Shutdown
Record highs take a look at the percentage gain in the nasdaq more than 1 lets start with the meeting of the minds in d. C as we await comments from President Trump. Eamon javers has the very latest reporter it is as you say a glittering collection of ceos at the white house today. Were waiting for the president in the east room we expect hes going to come in and participate in a roundtable discussion the ceos have been here all day. Take a list at took at the listf prominent names. I was brought into the indian treaty room in the eisenhower executive building the other day to listen to remarks from Jared Kushner and watching the ceos mingle with each other, interacting here in washington, including you saw eric schmidt of alba bet aphabet and google. Talking at the whouite house. Cross pollen nation of ideas thats what the white house is looking at ideas from private sector executives on how to improve government from every way from its i. T. To its services to its performance for the
We are inches away from the record. Futures steady as we wait for the fed at 2 00. Tech titans will meet with donald trump today at trump tower. Were going live to midtown manhattan, watch them as they walk in. Two new names officially announced to take a spot in goldman. More on the changes. First, 89 points, thats how much it will take for the dow to hit 20k. The blue chips coming off their 16th record closing high. S p and nasdaq hitting record territory. All aed head of the feds rate announcement at 2 00. Live coverage will begin right here on cnbc at that time. We will get the forecast. Well get the dot plots and the q a. I have to tell you that Interest Rates are down today. You can see how this market is changed. Oil is not up. Interest rates are down. The futures are not higher. The banks have a lot of people feel like that the banks are the ones for this rate hike. Even the rate hike is now baked in or maybe feel that some people feel the economy has peaked out for the moment.
10 to 15 mph. Wind chill readings 10 below to 25 below zero. Friday. Cloudy. Snow developing and less chilly with highs returning to the 20s. Highs around 20. Chance of snow 70 percent. Snow continues saturday with balmy highs near 30 before sunny, cold weather returns for the city of milwaukee is preparing to keep people safe during this cold snap. Snap. Mayor tom barrett says several agencies are hard at work preparing for the dropping temperatures. Temperatures. Ive also asked chief flynn and the milwaukee Homeless Outreach team to continue their important work. The Homeless Outreach team is very active during weather events. Theyve established relationships with Homeless Individuals and know typical locations where they know people can help direct them to Warming Centers and other servi services. 3 Centers Available throughout our area. 3 and to find one. People can call 211. Thats the 24 hour hotline that gives out information on cold weather events and warming shelters. Shelters.