The job numbers did push Interest Rates higher and not enough to push stocks today. Even tech which is rallying as well it leads us to our talk of the tape whether this teetering rally goes much further in the weeks ahead, especially if the fed is finished lets ask professor Jeremy Siegel of the Wharton School hes back with us. Professor, its good to see you. We have a nice rally on our hands today. How does the market look to you now in what has been a very big and interesting and important week the market looks very strong, scott. Without question i think the bar is very high for the fed to do another increase i think you would have to see the next employment report to be very strong, Even Stronger than this one i think tuesdays Inflation Report would have to be much above expectation, and by the way, the first day of their june meeting they get the may Inflation Report, and that would have to be i think it would have to be a triple strong in my opinion, for them to raise again. I kn
Contestant was fired and escorted out of the white house, omarosa says, huhuh, she resigned during a conversation with the white house chief of staff. Abcs Deborah Roberts has more. Reporter abc sources say she was fired, escorted out of the white house, but Omarosa Newman telling me a different story. So you resigned. I resigned. I had a conversation with general kelly, one on one in the situation room. Reporter in the situation room . Well, you know, yes, thats the most secure, private place to have a conversation like this. Reporter was it a tense conversation . Absolutely. I talked to him about some concerns that i had about issues, about one very urgent issue and pressing issue that would affect the president. And so reporter an urgent and pressing issue. Absolutely. Reporter that would affect the president in a dangerous way . In a big way. Reporter so what is that urgent issue. . She declines to say. Reporter pressing President Trump. I like omarosa. Omarosas a good person. Than
Crude rollover continued a little bit as the dollar trends higher. David at 10 00 this morning eastern time, President Trump will speak at the conservative Political Action conference outside washington. At 10 15, new yorks William Dudley and Eric Rosengren appeared together in new york here it the fed releases its semiannual policy report to congress. At 12 30, President Trump goes back to the white house to meet with australian Prime Minister malcolm turnbull. Alix we discussed the top three stories of the morning. A 315 billion china blowup. Higher wages may not lead to higher inflation . Where is the inflation in japan . David we are going to welcome Lisa Abramowicz and michael mckee. I heard when they bought the waldorfastoria. This shows some of the places where they made investments around the world. This came from nowhere, for me, and grew really big. Now the Chinese Government is saying, not so fast. So manyis raises issues, especially after what we have seen with hna, another
Take a look at gasoline, another twoyear high at 5 and the spread getting wider. Wti versus brent off by six dollars, really speaking to the overproduction and oversupply of oil in the u. S. As the impact of Hurricane Harvey is truly felt. 2 10 of a up by percent. Steady for now. And the commodity we are really watching, copper. Seven 7ch million a ton . And emma chandra has first word news. Emma Hurricane Harvey hitting louisiana, making its second landfall today coming ashore in the western part of the state after dropping 50 inches of rain on southeast texas. It is blamed for at least 18 deaths in the houston area and Law Enforcement says 13,000 people have been rescued. 80 billion, hit making it the second costliest Natural Disaster in u. S. History. A warning from north korea, kim jongun saying the testfiring of a missile over japan was a meaningful gesture toward guam. He said he will watch the response of the u. S. Before deciding on further action. He is readying his military t
Where they were this morning. Not doing a lot as we wrap up the week. The nasdaq, one point this morning up almost 5 10 of 1 , half of 1 , and now off of those. Green on the screen here. Apple, forw movers, example, one of the biggest gainers, and oracle, one of the as they arers here missing on some of the cloud revenue. That is what i am looking at. Lets recap for the week. Come over and my terminal, you will see we are much higher on the week for all three of the major indices, that is after last week when we saw some losses. We have some risk off dealing last week, revisiting that 2 level on the 10 year, and this week a little bit higher with yields up 15 basis points on the 10 year, so that reflation trade is certainly back on as we recap the week. I also want to look at some other major movers for the week ecowas asked fax, for example, down 5 here at the quifax down 5 tier after that breach. Elizabeth union out this morning, trans union down or elizabeth 4 , warren out this morn