Announcer thanks for watching. Announcer the British Parliament is in recess for the holidays. Prime ministers questions returns january kent. Now january 10. Now we review the events that happened in the british house of commons since the summer. This is an hour. 18 months on from the referendum results, the Prime Minister scripts through phase one of the negotiations. Host facing claims that they are pushing people into poverty and destitution, ministers make changes to the welfare benefits. No government is perfect, no benefit system is perfect, no debates, no motion is perfect but we Work Together to make this better. Host in his budget, the chancellor announces a boost for House Building and firsttime buyers. But Opposition Mps recommend discomfort for sluggish Economic Times ahead. Before the wind abrasive hit us, the position for millions of people as if we have been struggling with nine years of austerity. Host but with every passing day, the u. K. Inches closer to brexit. We a
Summer. Coming up on this program to is a male hills for success in securing a brexit deal. This is good news for those who voted for me and good news for those who voted for may were worried we would clash out of here. Eighteen months on from the referendum results of Prime Minister scraped through phase one of the negotiations. Basing claim to their pushing people into poverty and destitution minister make changes to the welfare benefit universal credit. No government is perfect, brexit is not perfect but by god we Work Together and will make it [inaudible]. In his budget the chancellor announces of firsttime buyer but Opposition Mps reckon its cold comfort to the sluggish Economic Times ahead. Before the winds of brexit hit us the position for millions of people that those been struggling with nine years. But first with every passing day the uk inches closer to brexit we are scheduled to leave the European Union at the end of march 2019. With that deadline approaching mps spent the
David time for our daybreak first take. We discussed the top three stories of the morning. First up, equities on the rebound. Second, the outflows from the bond funds. Rd, dreamers did not third, dreamers. They did not get to an agreement in the senate. Michael mckee, we want to start with u. S. Stocks. We are back where we started the year, despite the turmoil. U. S. Stocks are where they started the year. Much. An stocks, not so they have lagged behind. Are we in the midst of a rate hike tantrum. We had seen a thin reaction. There are two points here. Performance in five years, that is silly. We went down, we went up. If you are looking at this, you the to see, not so much absolute level, but what kinds of things are being bought and what is being sold. Other assets are highly risky. Did come in and clean out the safelyso you can more move up. Make the case that equities can still rise. What happened the last couple of weeks, was it a tantrum or did weeks the constructive moves . Has
League baseball. The world series coming down to game 7 had to be. Were going to talk to christopher maddog arusso about the finale power lunch starts right now if all that laid doubt was not enough, will the fed stop this incredible market rally or keep the easy money flowing. It is flowing now. A new month, mostly same trend the dow hitting record high. See the nasdaq turn low earlier. It was up. Some of your individual movers today, estee lauder about 10 . Company did cut its forecast and garmin up about 5 investors taking a big bite out of papa johns pizza that stock down 10 after lowering its guidance. Papa johns saying the nfl and its leadership hurt the company by not resolving the protest taking place people watching the game and people ordering pizza. President trump speaking a short while ago as he gets ready for his big overseas trip to asia. Tax reform and the next fed chief is among his topics. Thats right. This came in a Cabinet Meeting the president held today we believe
Center timing out some storms. We are 20 minutes away from the sun coming up right now. And dark icons out there, but it is getting brighter. A beautiful start to the day. 65 in boston. 4 in lawrence over to beverly. 64 in plymouth. Lower 60s in worcester and national New Hampshire. Upper 60s across the outer cape. Quiet weather but this mass of clouds and storms is going to pass through this afternoon. What you will find here, your hourbyhour forecast for boston, 8 a. M. 70 degrees lunchtime at noon, 81. Here comes the clouds. We have increasing clouds during the afternoon leading to just after 4 p. M. , the threat for thunderstorms in and around the boston area and that is where we will drop temperatures. As the rain moves in, temperatures will cool. Up ahead of the rain, 84 to 88 degrees with those gusty afternoon storms. We will time them out hour by hour coming up. Julie grauert is here with weather and traffic every ten minutes. The 6 25 from readsville have been cancelled becaus