Or marion berry. Brian similar. Charles im charles payne. This is making money. Right now the postfomc rally continues but something feels odd, right . Earnings beats are often greeted with bigtime selling. Just take a look at disney today. The street still sees fewer rate cuts than the dot plot. Historic rates are above average. We kick it off with alli mccartney and darius dale. Americans are unhappy with joe biden and jay powell. Many have given up hope. Maybe giant government is not a good thing after all. Brian wesbury will give his take. Darrell caulk kins why the jobs report hit the jack bottom. My take on not giving up on your pursuit of happiness. All that and so much more on making money. Charles all right, so we opened under some pressure after the best three days for the markets since last november. Now interestingly over that same period as the market was coming up pessimism was moving in the wrong direction. Almost all the different pessimists and gauges we see moved furt
Of 1 . The Treasury Curve off the back commentsllen steepening just a little bit. Alix a little bit of a risk on feel except in portions of the currency market. The yen gets a good bid. , stephansshocker just a touch over 60 basis points. South of south of 58, 57, a lot of people denying what the yield curve could mean. My question is at what point did the yield curve become real for the deniers . The is it the number or speed . Crude prices are more expensive now than in two months. An interesting phenomenon. Time for your morning brief. The u. K. Delivering its autumn budget. The data dump, jobless claims, durable goods, and it 2 00 releasing the minutes from the last Monetary Policy meeting. Breaking headlines for you, Rockwell Automation rejecting the unsolicited proposal trump emerson. Rockwell rejecting the emerson. Ed bid from we heard potentially we would hear a bit come in as emerson tries to change its business. Cavalli put success of the deal says a than 20 as he different s
Reporter the estimated 4. 5 billion raised would go to fund more than 30 different projects from the marin sonoma narrows to more of those new b. A. R. T. Cars. This is a christmas tree. Theres something for everyone. Thats intentional. Its how politics works. Reporter critics say the mtc shouldnt be trusted with more money. The question is how has mtc done in the past . Have they made lives better for the people of the bay area . My answer is absolutely not. Reporter but business groups are already lining up to campaign for the measure. Together with our Coalition Partners the Bay Area Council and spur we are already working hard to build a diverse, well funded and Effective Campaign that will be able to display the benefits of our improved projects. Reporter now heres the second part of this whole toll hike package. A lot of the money goes towards some really big ticket items that we talk about all the time, but no one has an idea how to pay for it, right . Another tube under the bay
Far, up 8 . Check out whats happening this morning. Things have barely changed. The dow futures are up about 12 pokt. The nasdaq just under one point. If you havent woken up there is a full moon out right now. On todays squawk planner economic data. At 8 30 eastern, the earnings. The news in earnings big oil will be in focus. Among the names posting quarterly rults, exxonmobil and chevron. The weekly bag lyly Baker Hughes Rig count is a number of the rigs actively developing oil or natural gas in the United States and canada. We went up to 70 60 for a little while. Everybody came back in. People predicted that. They didnt need to get to 100. Isnt crude down . It is. 48. 52. They think we could be looking at a threehandle on wti because the fraccers have gotten so good. These what . Fraccers. Thats werdird. Theyve cut costs. They dont need oil prices to stay high. You say it it seems like just coming out of your youre normally so proper. These fraccers. You know what else is hard to say
Sometimes people have a difficult time doing that but a few months ago the premiere said he didnt want to see a devaluing at all this year. Now down by 44 points. S p futures off by 4. 5 and nasdaq down by 10. Cac is off by one third of a percent. It didnt beat forecast reven revenue above projections. There was a 3. 5 jump and the Home Improvement retailer raising its fiscal 2015 sales and Earnings Guidance. Brian joins us in a few minutes to weigh in on the latest results but u. S. Comps were strong as well. Up almost 6 . The company has now had beaten 11 quarters in a row. So it was widely expected it was going to be a 12th and thats exactly what happened. Shares of home depot down. Pretty good run for the stock as well this year. Based on the housing data weve seen lately including yesterday, this was widely expected to be another beat quarter. As you mention, theyre giving good guidance for the year. They see same store sales up 4. 1 to 4. 9 for the year. Thats what theyre expecti