Going to thaerhear a little about that over the next couple hours. Hes going to join us, famed economist Robert Shiller, cnbc exclusive, to find out what he thinks about people using, yes, bitcoin to buy real estate thats a story were going to cover and ask the professor about it. Amongst other things as well. Geeky valuation questions. No. Yes i studied cfa for exactly this reason i con not rate. Were going to start with health care and a number of health cares from President Trump today on Drug Companies. Health care stocks taking a hit on those comments. Eamon javers is live at the white house if more on that. Reporter here at the whouit house the president of the United States scheduling an impromptu surprise press conference, brought a normal of us reporters to the rose garden, gathered around the podium the president came out with Mitch Mcconnell, republican leader in the senate the purpose of this gathering was for the president to say his relationship with Mitch Mcconnell is be
Technology investors with these kinds of gains after stellar earnings last night . It was unbelievable. Weve got a story on that coming up in just a moment here. You guys had your hands full. It was a rollicking hour, i hear it was. Meantime, a rollicking deal through the health care space. Cvs is pursuing a major deal to buy aetna and former aetna ceo john rowe will join us in a cnbc exclusive to discuss what that bid could mean. What a fascinating story that is cant wait to talk to john about is. Also look at oil today, trading higher, brent is back to 60 a barrel and wti is at an eightmonth high however, chevron is falling. Whats behind the move and whether this is a buying opportunity or not well talk about that coming up in a little bit later. Is pretty sharp moves in oil today. Lets go back to the big rally in tech stocks, thanks to strong earnings from a trio of tech giants. Deirdre bosa is all over amazons results for us. Josh lipton covering alphabet. Jon fortt is covering mic
President s report that he said in a memo to comey to let flynn go. And the fbi director reportedly kept a paper trail that said the president asked him to end the probe into flynn. It hasnt happened so far, but will trumps troubles crack this market . The u. S. Markets are pointing to a large decline at the open. Shares of target jumping in the premarket. The retailer blowing past some earnings expectations. Our top story of the morning is trump versus comey. Now confirmed by nbc news a memo by fired fbi director comey claiming that the president urged him to drop the investigation into former National Security adviser michael flynn. Lets get to eamon javers who is outside the white house with the very latest. Hey, eamon. Good morning. Marine one has landed on the south lawn to take the president away. Hes leaving to go to the Coast Guard Academy where hell give the commencement address later today and that will give aides a respite of the intense news flow, starting at about 5 00 las
Dollar flat, tenyear 224 and moderate action in crude. Budget priorities the white house out with its 2018 budget plan today which targets big cuts to medicaid, food stamps and disability. Plus u. S. Markets are shrugging off global terror concerns. Futures are aiming for a fourth consecutive day of gains. Isis claiming responsibility for the deadly concert bombing in manchester, uk. The worst terror attack in the uk since the london bombing in 2005. The white house set to unveil the president s budget for 2018 which aims to eliminate the deficit in ten years, the budget includes 3. 6 trillion in spending cuts over a decade, including medicaid, food stamps, welfare, Student Loans and disability benefits. The plan does call for an increase in military spending, most notably, jim, calls for 3 real gdp from 2021 all the way through 2027. Yes, i dont know what to say. You read the new york times, notice i didnt call it the f l failifai failing new york times. This is ridiculous. In a news
Meaning facebook amazon, netflix and google now. Not that theres anything wrong with that. In fact, i cant tell you how many people say to me, thanks for f. A. N. G. , wherever i go actually. When you mention something for 50 straight shows others start picking up on it. And more important investors start buying the four horsemen and making money. But on a day that the market is down a tad, the s p is back sliding 0. 05 and then the nasdaq declining 0. 8 , we turn the page on another positive month, i have to tell you that im starting to question whether this whole rally is really built on f. A. N. G. Maybe just maybe its built on something bigger. I say this because im looking at the new high list for the s p 500 today and you know what i saw . I like what i saw. Which is a broad distribution among the 70 companies that hit this august list, 70 out of 500 making new highs. Remember you dont get on that new high list by popularity. There is no electoral college. You get there because y