Rather you may have heard about this eclipse. No, what happened today, brian . Amazing americans across the nation now comes the hard part. The trips home and the cleanup well show you some of the aftermath. So much to do. Let us begin with your money it was a mixed monday for the market the dow and the s p finishing fractionally higher. The nasdaq slipped just a skosh, i believe they call it in minnesota. You betcha. If we stay weak, guy adami, is it a buy the dip market we stay weak. I would push back and say today was an encouraging day by the way, great having you onboard, great to have you here. Thanks for helping out. Established that earlier. We talked about 2410 being an important level in the s p i think it got down to 2417 today. Pete can speak the vix, down 7. 5 today the ibm, as long as that stays above 130, were okay. Doesnt feel like the worst is over, but at least today gave you the glimpse of levels it needed to hold and it did. You know, we have a dynamic where theres
Congressional leader, Kevin Mana Mccarthy and Steve Scalise as what they can accomplish in the new year as we look ahead right now. President elect donald trump expected to name his new secretary of state in the coming days. An exxoxxonmobil ceo the leadin. Mr. Trump praised Rex Tillerson. Hes much more than a business executive. Hes a world class player. Hes in charge of i guess the Largest Company in the world. He is in charge of an oil company that is pretty much double the side of his next nearest competitor. Its a company that has been unbelievably hanged. And to me, he knows many of the players and he those them well. He does massive deals for the company, not for himself. Lets bring in Kellyanne Conway, Senior Adviser to dond trump. Good to see you. Thanks so much for joining us. Its my pleasure. So where did Rex Tillersons name came up . You can take us behind the curtain a bit and talk about how donald trump decided to make him one of the leading candidates for secretary of st
Congressional leader, Kevin Mana Mccarthy and Steve Scalise as what they can accomplish in the new year as we look ahead right now. President elect donald trump expected to name his new secretary of state in the coming days. An exxoxxonmobil ceo the leadin. Mr. Trump praised Rex Tillerson. Hes much more than a business executive. Hes a world class player. Hes in charge of i guess the Largest Company in the world. He is in charge of an oil company that is pretty much double the side of his next nearest competitor. Its a company that has been unbelievably hanged. And to me, he knows many of the players and he those them well. He does massive deals for the company, not for himself. Lets bring in Kellyanne Conway, Senior Adviser to donald trump. Good to see you. Thanks so much for joining us. Its my pleasure. So where did Rex Tillersons name came up . You can take us behind the curtain a bit and talk about how donald trump decided to make him one of the leading candidates for secretary of
First we start off with what seems to be trumps indestructible rally. The dow hitting alltime high out of the gate this morning. The s p and nasdaq having their best day in two weeks and all of this on the face of huge events over the weekend. That would have normally shaken the markets. Trump tweeting, almost taunting china and italy with a historic no vote on a constitutional referendum that could shake up the country. And an you will but certain rate hike next week and investors buying anyway. Can anything take down this trump rally. Should we call it the teflon trump rally . Something is going to take it down. Kudos to team, karen. Dan bullish on the financials. Even dan. Pete has been steadfast, as well. Can anything take it down . What i think is going on, and by no means have i been some raging bear. I think people are saying, all right, lets look at the financials. Where were they trading in 07, 08 before everything hit the fan. Goldman sachs was probably trading twoandahalf ti
Happy independence day. Lets get the first word news. In fact, before do that, lets see if we forgot breaking news for you. Ppi numbers coming through from the eurozone. 0. 6 increase compared to an estimate of 0. 3 , stronger than had been expected and the drop year on year less than anticipated. A stronger inflation picture. Now, lets get the bloomberg first word news. Nejra u. K. Chancellor of the exchequer George Osborne has set a goal of lowering the the Corporate Tax rate to 15 . He accepts the result of the e. U. Referendum and wants to mitigate the Economic Impact of brexit. U. K. Construction unexpectedly contracted at the fastest pace since 2009 in june. Thepmi slid to 46 as impending vote on Britains European Union membership stymied residential voting. Standard poors estimate a 0. 8 hit to eurozone gdp in 2017 and 2018 in the wake of the u. K. Brexit vote. It also predicts that britain will barely escaped a fully fledged recession as it sees a 1 drag on gdp next year. This