100 bucks perhaps in the cards instacart readying its wall street debut pricing at 30, thats the first of five listings this week it is amongst the first of the tech unicorns the last few years to go public thats almost two years, in fact, since weve seen one go public lets begin with the markets and the fed kicking off a twoday policy meeting yields got a little pop here, jim, on canadas cpi, reaccelerating for the second straight month. What a bummer the fed must find itself in were not building enough homes. Lennar said last week a lot of brokerage houses raised numbers. Lennar today almost a de laid reaction we just dont have enough homes. We have this huge millennial bulge, and theres just no doubt about it they will not be deterred by these rates. That doesnt mean they wont be deterred by higher rates these rates, according to Stuart Miller who i think is the dean of the group and executive chairman of lennar arent detouring anybody. You have fewer homes you have the one thing th
The federal government report that is in september the economy lost 33,000 jobs, thats a very unusual job decline, but september was hurricane month, the huge economies of texas and florida slowed because of harvey and irma. Interesting to knows 015,000 jobs of eating and drinking establishments were lost in that month, no surprise. Here is where we stand. Apart from the hurricane events, both manufacturing and Service Sectors of the economy are humming along, business and Consumer Confidence remain strong and profits are way up. The rest of the world growing too. Smile, please, we open very close to 23,000 on the dow. Who would have thought, Varney Company is about to begin. One thing the American Public knows that the elites always protect themselves and they always protect themselves with guns and then they lecture the American Public how you shouldnt do that, but in the heart of the American Public all over this country, they see these monsters and they dont want to be alone out th
Spoke to chairman kevin brady at an event here in washington he appeared to had. Directly confirm that, that thats one idea that they want to get to progrowth visions in the tax code as soon as possible now, the reason why lawmakers would even consider phasing in the corporate rate reduction is because they are looking for money. They have only got a 1. 5 trillion tax cut that they can work with, and they have about 4 trillion or 5 trillion worth of a wish list so they really need to find ways to raise that revenue and theres a potential of phasing in the Corporate Tax rate it will still get you the Economic Growth that they want to see, but perhaps be less revenue and be less costly than going to that 20 rate right away guys, back over to you. Shows you how difficult this process is the conversations over the state and local deductions and and now when exactly the Corporate Tax, which is one of the hallmarks of the selling points of the president s plan, when haul this will take effec
Impact it will have on the rest of the president s economic agenda. Plus well talk about disneys earnings. Revenues though a bit weak and of course its all about espn and cord cutting. You want toer what what bob iger had to say about the quarter. The yelp shares getting hammered. Well dip through that quarter that is dragging the name down. Obviously the story of the morning is the firing of jim comey. The lleyton ohis leaf the latest on his leaving the office. Lets go to eamon javers this morning. Good morning. Were an hour and half away from President Trump meeting in the oval office with Sergey Lavrov in the oval office. That came one day after firing comey who was investigating if any Trump Associates were in collusion with the russians in that process. We just saw mr. Lavrov at the state department a few moments ago play that video for you. And i believe we have some sound here of mr. Lavrov is asked about the firing of mr. James comey. Does the comey firing cast a shadow over wh
Get ready for more fed speak at home. Our road map begins with the president. No pullback despite the near daily drama in washington. New this morning, Electronics Ban targ it eieting flighting from muslim majority count countries. The president takes a visit to capitol hill, selling the Gop Health Care bill ahead of the vote on thursday. Stocks continue to show resiliency. The nasdaq taking aim at another interday high after four Straight Days of gain. The dow and s p up. S p is up 11 since the election. But the nasdaq put together three gains of less than a point. Yes. Which hasnt happened three times in a row since the 90 s. Closes at 5900 or 5901. I mean, it obviously tells you, maybe not that much going on, but also a coiling effect potentially. Youre seeing the volatility indexes and Everything Else looking like, you know, sort of the movement has been this offsetting action. At some point, no broad selling pressure. Really, something is working to keep it supported. It is amazin