Welcome, everybody. Im tyler mathisen. Little oscar joke. Too soon, perhaps you . Can see a lack of direction for your money. Dow down 13 points right now. Right now the dow, not doing a whole lot. Even if we fall today, this has been the dows longest win streak since all the way back in 19d 87. Of course, all eyes will be on the president s big speech tomorrow night. Melissa . Im melissa lee. Busy monday at the white house. The president making his first Budget Proposal, talking with ceos of a number of health care companies. Eamon javers is there. Eamon . Reporter obamacare, which he calls a failure, disaster and teeing up his own plan to replace obamacare later this year. Hes meeting with Health Care Ceos at the white house this morning. Here is what the president said in teeing up his criticism of the obamacare act. We must Work Together to save americans from obamacare. You people know that. Everyone knows that at this point, to create more competition and to bring down the pries
A bold new call coming up in street talk. Better than 1,000 reasons you need to watch power lunch. And welcome to power lunch. The final trading day of the month and the First Quarter. The dow, though, is struggling. It is down by about 29 points. S p trying to carve out some gains. The nasdaq continues higher up by ten points. All three, by the way, up for q1. Check out the movers at this hour, blackberry soaring about 13 . The company beating earnings estimates, expects positive cash flow for fiscal 2018. Fmc also surging about 13 . Dupont divesting part of its Crop Protection business fmc acquiring health and nutrition business. Brian . All right, and i am brian sullivan. Here is what else is happening this hour. The Senate Intelligence committee denying Michael Flynn immunity in exchange for his testimony. Panera bread rolling out new labeling of sugars in selfserve drinks. The first such move by a u. S. Restaurant chain. And two biotech stocks tanking double digits right now. Stra
Stocks holding on the break even line on this busiest earnings day of the season s p and nasdaq lower. The Real Movement is happen ng the treasury market. Were seeing the yields and tenyears reach the highest levels since may. Biggest ipo thrks one. A transport company out of china. The stock is down 8. 5 . Welcome, efrk. Herself what else is happening at this hour. Twitter much in the news announcing it will discontinue its vine mobile app. Congress will hold a hearing next month looking into mylans big epipen settlement with the Justice Department and amtrak will now pay 265 million in settlements following the may 2015 Train Derailment in philadelphia that killed eight and injured hundreds. About 11 days to go until the election. Donald trump expected to take the stage shortly at the Champion Expo Center in springfield, ohio. It is the first of three planned events for trump in the state of ohio today. A state he probably almost certainly has to win. With the election front and cent
Today . Speech therapy, trying to deal with the mutiny that was coming as a result of Bernie Sanders supporters who did not want to give in. After a storm calls for unity is the headline in the philadelphia inquirer. As the night went on it looked like the bernie supporters had finally calmed down. You heard john harwood report earlier about how Sarah Silverman told them they were being, quote, ridiculous. And that seems to have helped. Lets see what happens tonight with the big headliner. Former president bill clinton, historically hes always a crowd pleaser. But, guys, he has run into trouble with the black lives matter protests as hes been on the campaign trail a couple of times. But you can assume this is probably going to be a pretty friendly crowd tonight. Lets get over to brian and tyler back at cnbc headquarters. All right, michelle, thank you very much. So a ton in the Business World going on as well. Your power lunch menu seems very appropriate today because mcdonalds is the
Question. How should one thing about the slower normalization being allocated among three factors . Is the fed more worried about the outlook than the scenario i just described . Is the fed modifying its reaction function, or did Market Participants really understand the way the fed started normalization . Okay. Thats a great question. Let me try to address it. So, you started by pointing out that essentially the u. S. Economy is doing well. We are close to our maximum employment goal with a 4. 9 Unemployment Rate and the median estimates among participants of a longer run normal rate is about 8. 4 . Were close although as ive often pointed out and still continue to personally believe i think theres a little more slack in the labor market than one would surmise by looking at the Unemployment Rate alone, and here im particularly thinking about abnormally high levels of involuntary parttime employment and perhaps we have seen some decline in what i call the cyclical component of labor fo