Along with other white house staffers so this is a relatively large group for this meeting you remember, last week they tried to have this meeting and the democrats didnt slow up we saw that visual of the president with the empty chairs on either side of him waiting for chuck and nancy, Chuck Schumer and nancy pelosi, to attend the meeting they never came. Today theyll be here. We should see all these chairs filled today what theyre going to discuss, though, is a mystery weve seen a dampening of the tone going into this meeting both sides know theres a lot at stake here in terms of a potential Government Shutdown as early as tomorrow if they dont get a continuing resolution to kick the can down the road another two weeks in terms of government spending. So Sarah Huckabee sanders just briefed the press within the past hour or so, and laid out sort of her expectations from the white house perspective of what well see in the meeting. Heres what she said in terms of the Government Shutdown
Us with mores with stories halfway through the trading day. This uptrend is continuing. The s p 500 has little changed. We have seen some weakness in Telecom Stocks that have been holding it back, health care is also on the downside today. Limitings their gains there and in the s p. But we could see a closing record for both that and the s p. Of individual stocks we are watching, twitter is seeing an interesting spike today. Up 4. 5 . There appears to be no concrete news regarding the company, but increasing citing speculation after disneys purchase of the fox assets. Pointing toers are a tweet from yesterday from Goldman Sachs ceo lloyd blankfein. And they say i dont know jack. Some are pointing to that as some sort of deal making, maybe nothing isut confirmed there. It is all speculation. But the stock is up in todays trading. Look at those telecoms ahead of that decision on Net Neutrality. Interesting, the stocks are not necessarily trading as you might expect. In other words, if th
We are seeing the dow and is picked s p 500 in negative territory. Lets get the latest from julie hyman. Julie we have stocks pausing as at these levels and going sideways at this point after the dow and s p earlier touched records. It seems as though there is a drag from the bit from the material stocks. That is the group that is doing the worst. As we have had stocks continue their rally, we have also seen bond yields creep up a little bit. Dividendmeant the yields of stocks is no longer as competitive with the dividend yield of the s p 500. That is the whitehall im. It is looking at the ratio between the two. You are seeing what it is looking like for japanese stocks. This is the first time we have seen that yield for the s p 500 ,elow that of the bond yields the First Time Since 2011. Interesting phenomenon. Those taking a look at Telecom Stocks as we await the verdict from the sec on Net Neutrality. As we heard shery talking about, that meeting has been adjourned temporarily. You
Josh, tell me. How do you think the markets are going to react now, assuming this passes as early as next week, according to the president . Yeah, you know, its really something. Were now going to get a massive fiscal stimulus which we could have used seven years ago, but well get it now, and its squarely aimed at probably the one area of the economy that needs it the least, corporate profits, but, fine they are going to give it to us, and its going to be great for stocks and maybe some of that is already priced in, but were going to get that on top of still having very, very historically low interest rates. No rush in terms of the rate at which rates will rise. Somebody from the fed yesterday said they are not going to counteract fiscal stimulus with what they are doing to Monetary Policy so maybe there will be some space in between where that can actually take effect. Look, the most important thing you just said is whether you debate, and there are others weighing in, whether its Jef
Reflecting the snap election in spain. The twoday see chart, down 2 10 of a percent. Look at that wild ride, big drop after the separatists won the snap election. Maybe a surprise to investors. David down less than 2 10 of a percent. Abigail a roller coaster in those two days. David . Now i look other headlines emma chandra has first word news. Emma Congress Managed to give the u. S. Government from shutting down but will face a messy start to the new year. Lawmakers approved a spending measure that will keep the government opened their january 19, but put off action on military spending, raising the debt ceiling and dealing with undocumented immigrants who came to the uss children. The british economy grew at the sinceace in 2013 were well below where they before the vote to leave the European Union. Prices are rising faster than wages. In japan, the cabinet has approved a record 46 billion fund, wanting to improve military capabilities at a time when north korea is becoming more of a