Rate came down so far and has been holding there. It has not gone back up. It is a huge debate and i dont think you look at one jobs report, debut put together a sequence to my and the major theme has to be, are we in escape velocity . At is the big question we will see at 8 30. One number i will be looking at is the increase in average hourly earnings, expected up 1. 9 . It sounds good but it is less than what we have been seeing. A lot of people would rather see people being paid more because it suggests growth and labor demand in the economy. Anything else in the brief . There are no earnings. But we should point out the ecb will be holding a press seven 45. At and the market closes early . 1 00 p. M. The bond market closes at 2 00. A data check. Within ecb meeting this morning, quiet. We drive to 17,000 on the dow. Yields are back up. We have gone from 2. 5 what ever to 2. 63. P come on, courtney, lets go. The vix, 10. 82. 16,998. I am back on watching dollar ruble as well. Lets go
What i am looking at it what they are looking at. Reach out a common theme their. Mitch mcconnell and the president say they will try to reach Common Ground on it interests such as International Trade and taxes reedit and kentucky yesterday, mcconnell spoke about ending gridlock. Work on to pass legislation, some of it he may not like, but we are white to function. This gridlock and dysfunction can be ended. It can be ended by a senate that actually works. Mcconnell made two promises no more government shutdowns and no defaults on a national debt. The European Central bank will likely keep its Interest Rates on the floor. Ecbs meeting for the First Time Since the bank of japan dropped its stimulus surprise. Economists believe the bank will eventually launch a largescale Bond Buying Program to kick europes economy in the pants. As 6 of tesla up as much in the premarket. The electric car maker a jump in orders for its model s sedan. Elon musk says overall it should grow 50 next year and
Abenomics. Switzerland, voters approving immigration curves that threaten to upset ties to the eu and could hurt the economy. More on that later with hans nichols. Economic data in the u. S. , mortgage dealing would these an mba mortgage foreclosures. About iseene cares janet yellen testifying before congress. First woman to run the fed. We will talk about that with ensarling of the republicans. Earnings parade. Hasbro, we should get lori l after the bell. President Obama Meeting with french president hollande in charlottesville, virginia. I have heard the french president is traveling alone. Traveling solo. At the state dinner, stag. No date. And embarrassment of riches for the french president. He does not know who to go with. I am staying out of this. This is what happens when adam johnson is on the show. Data check. Stocks, bonds, currencies, commodities. 5 off of a churning weekend off of the complex jobs report. 2. 66 is where we settle. Euro is stronger. Through 100 on american
Andness inventories earnings. Scarlet is going to be busy today. Sachs at 7 30. Johnson johnson at 8 00. After the bell, yahoo , intel. David wilson suggesting next week is busier than this week. A couple of items to note. Today testimony begins. Virginia, at 11 30, president obama will be speaking on the economy. One other thing. Baseball. The kids it should be able to watch it. We have to be in bed early to get up at this crazy our. We have a lot. 10 year yield does nothing. Hydrocarbons, quite stable. The equity markets off of wells fargo, a terrific move. Dow, a Certain Authority to it. Up six dollars right now. A pullback the last couple of days. Here at the 1300 level. We have rolled over a little bit , away from the moment for the gold bulls. That is a quiet for the Asset Classes correlated yesterday. Equity markets moved up. Gold locked in with the equity. Equities are still the place to be. Growthnt and 9 earnings. It will be interesting to see what will happen. Look for that
Youre in the situation room. Triggered from an explosive report inside the Veterans Affairs, one after another on capitol hill, democrats are now calling for Eric Shinseki to resign and hes said to be on thin ice over the failures at his agency. Cnns drew griffith who broke this story will be live and ill speak with congressman jeff miller. Lets bring with our senior White House Correspondent jim acosta. Jim . Reporter wolf, the writing may be on the wall for Eric Shinseki. The white house declined to say whether shinseki has the confidence of the president. Veterans Affairs Secretary Eric Shinseki is on thin ice. Today, the ice started cracking. As White House Press secretary refused to answer whether president obama had confidence in shinseki who is leading the review of the v. A. Scandal. How does the run the department if he doesnt have the full confidence of the president . How does he conduct an investigation if he doesnt have we look forward to the preliminary review that he ask