With me, as always, jon fortt and Kayla Tausche at post 9 as the dows down about 20 points. Busy day for poll kicks and business. One week since the inauguration. The president front and center on the world stage, moving one step closer, some say, to a trade war with mexico, ramping up rhetoric this morning, as the president welcomes his first foreign leader to the white house today. Our john harwood is at the white house with all the latest. Good morning, john. Reporter good morning, carl. You know, President Trump did not back away from what happened yesterday when the mexican president canceled their visit next week. He came before the republican retreat and said we have mutually decided to put off this meeting, unless we are treated properly and with respect, there is no point to it. Today he sent out a tweet underscoring that complaint, saying that mexico has been taking advantage of us for years on securing the border and on trade, and that has to change now, in all capital lette
The eu. Republican proposal to repeal couldplace obamacare cause people to lose their health care coverage. The number of people covered by obamacare could be cut right as much as 51 in some states. In asia, north korea has executed five Senior Security officials because they made false reports of enraged dictator kim jongun. They said the executions were carried out with antiaircraft guns. He has reportedly killed or purged a large number of top north korean officials. Global news this is bloomberg. Live from bloombergs World Headquarters in new york, im scarlet fu. Joe and im joe weisenthal. E are 30 minutes from close the white house getting its funding plan today as President Trump prepares to deliver a speech to Congress Tomorrow night when he is expected to give his spending priorities. Duefed decision on rate is in two weeks with eyes of a march rate increase rising to almost 50 rate on fed funds futures. The fed chair event later this week. Opinions are split on whether snapcha
Mcdonalds, clorox, all near their 52week lows. What are these stocks telling us about the consumer and whats holding the consumer back . Guy ad dadamadammi. The u. S. Consumer will always spend, as long as they feel good about things, as long as the stock market goes up, i think the consumer feels that everything is okay. Now youve seen some hiccups over the last couple of months or so, on top of which we have this election coming up that we talk about all the time, and people are racheting back a little bit. The health of the consumer has always been in question, i submit. Lets not put the health of the stock market on the health of the consumer. Just because stocks are going down, it doesnt mean a lot of these companies are failing. Starbucks, well get into the numbers in a second. The comps for this company were ridiculously high going into this quarter. This is a company thats still growing. U. S. Samestore sales at 60 . When i look at the chart, Dunkin Donuts look better. Were tal
While the s p 500 fluctuated somewhere in between, ultimately declining 0. 35 . Remember when i said the bulls would love a market that didnt need to rob peter to pay paul . Meaning if there was enough new money coming in from the sidelines, investors wouldnt need to brutally sell stocks in one sector in order to buy them in another. Well, we clearly havent gotten there yet. This market feels pretty zero sum right now. Today there was highway robby cares, ransom money to buy shares of industrials and banks and oils. It wasnt exactly what we lets just say its exactly what we dont want to see. We basically ran out of new money to fund a healthy, broadbased advance and instead went narrow into a couple of soso leadership groups, which is not a positive longerterm scenario. You dont want fuel stolen from the techs. You dont want fuel stolen from and those dear old bond market equivalent names that arent so equivalent when Interest Rates spike as hard and as fast as they have in the last fe
Early today start right now. Food friday morning, everyone. Aim ayman mhyeldin. Im fran cyst says rivera. It was like the president elect was embarking on a victory tour in cincinnati. Bringing back showboating candidate that navigating his way to the white house. Take a listen. We have people running our counha what the hell they were doing. From now on, its going to be america first. Okay . America first. And trump made a big announcement while rallying supporters, surprising aids and the media, declaring his secretary of defense . I dont want to tell you this because i want to save the suspense for next week. As our secretary of defense. And trump there, you we heard him referring to mad dog mattis, he was talking about a marine general james mattis. And just as trump zeroed in on defense, he is widening his pe onetime manager Cory Lewandowski saying while mitt romney and Rudy Guiliani are leading for the job the decision is far from done. Last night the cincinnati crowds bursting i