Championship on monday i am Carl Quintanilla with jim cramer and david faber earnings season kicks off. Davos. We begin with shutdown day three. Future points to a lower open. Plus, as carl says, it is merger monday. Drug maker sanefy has a great deal the eagles and tre set to face w england, patriots. Destiny verses dynasty obviously, it was remarkable kind of karma game once again. You could not hear a thing in the stadium. I could not hear my wife next to me a lot of that is the people are just nuts we are tired of it the town has always been an eagle town we are thrilled. The patriots have a lot of work the do they came back pretty well and dont want to dominate the discussion because i know we have a lot to talk about nick foles was our weakest and he was our strength. It is exciting to be a big fan. Carl and i are jealous, hes been there recently as a denver fan and a near jets fan, not so much well, we never won. I think we won 1960 but that was presuper bowl. Right we waited a
Mitch mcconnell released his new Health Care Bill today, trying to gain support by letting insurers sell lowcost policies and reaching for moderates with added aliens to combat added billions to combat opioid abuse. Confrontationsed across the congress, numerous meetings with constituents, and conversations with members, our congress has a dated last months draft with additional provisions to make it stronger. Mark with democrats uniformly opposing the effort, mcconnell leads 50 out of 52 gop votes to prevail. Theresa may has unveiled a landmark law that would remove britain from the european union, aimed at transferring eu laws onto the british statute vote when brexit takes place in march of 2019. It would hand the government two years to alter u. K. Laws through a fasttrack process. Rex tillerson has wrapped up his tour of the persian gulf with little sign of progress and breaking a deadlock between kutcher and four and qatar and four neighbors isolating it. Withtary tillerson met q
Top the agenda. In newi am betty liu york. It is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. In hong kong. It seems markets are taking it as steady as she goes. You can also argue she came up more hawkish the first day. It was still too early to conclude inflation was well short of that 2 target. We did see bond markets reverse. Betty one thing we did come away from these last two days, is that the fed is watching inflation. It is something they are on high alert about in terms of whether they are going to hike rates again or gradually delay that. I do not know if this was a jab or not, when she was asked a question about Donald Trumps growth target she said 3 growth would be great, but challenging. I want to pull up this chart for our viewers. Much making how America Great again is going to rely on americans. Meaning, them spending at home. Personal consumption, it has always been a big part of the economy. It has only gotten bigger and bigger and the gap has widened betw
Start to gain a bit of momentum once again, going into earnings season. There is some them is an serenely some optimism seemingly surrounding earnings for the major averages, so that is something to note. The nasdaq is on a six and winning streak, but it is the odd man out here in retaining the record. It has not gotten to that level. And there is an interesting note out from bank of America Merrill lynch, who is not very optimistic on the s p this year, talking about income inequality, pointing out more hours are needed now to buy one unit of the s p 500, 110 hours, in fact. So that is at a record high here. That is less attainable for particularly low income workers to get to that kind of lone where they can invest in the stock market. Interesting observation here. That is also one reason why we need to clamp down on that level of inequality and might be more aggressive next year. At thealso looking nasdaq, which is lagging the other industries. It is down, not by much, but a few ten
Hill some investors are saying its more about what she did not say than what she did. Well explain. Meantime, United Airlines is unveiling a new program to avoid upset passengers on overbooked flights. Wait until you this is actually a good idea. I love it. A great idea, and well outline it for you coming up. But we begin today with Senate Republicans unveiling a new version of the Health Care Bill, including offering plans with less coverage, the skimpy plans, quote, unquote, and keeping some of obamacares taxes. Kayla tausche has the details. Kayla . Reporter earlier today the Senate Majority leader said that the draft that came out today will be scored by the Congressional Budget Office early next week and after that point he hopes to bring it for a vote on a motion to proceed. That is where senators will say whether they think it should move forward, be amended, have changes be submitted by colleagues on both sides of the aisle and then have a vote on a final draft, but we are gett