After yesterdays strong rally following on the heels of wednesdays strong rally, were up about 1 on the dow. I dont like to talk about the dow but unless the s p stronger. China did all right. Shanghai up 1. 8 . Shenzhen up, and nikkei at a 3 gain. We were below 2 at one point on monday in the craziness, but now were hovering in the 1. 2. Crude had its best day in many years. Well above 40 again. Monday, we fell below 40. It has been, to say the least, a volatile week in many markets. Lets get to our road map this morning, and it starts with the last trading day of this wild week. The dow coming off its biggest twoday point gain ever, not percentage but point gain. Equity futures, slipping. Carl icahn has his next target. Why commodities . Why now . Well talk about a company weve talked a lot about and mr. Akahcarl icahn himself, and the takeover continues. Pa perrigo is saying were not interested. Ill have more on what to expect as the Companies Battle it out. Futures moving to the do
Mnuchin expressed confidence, tax reform will succeed regardless of the efforts to Reform Health care. Now for the s p 500, its down 20 points. Certainly had been a lot worse. The nasdaq lower by 105. To that point, were looking at all stocks and the trump rally that has hit this bump as President Trump hits the road to pump up American Energy dominance. Hes expected to leave the white house or the Energy Department at any moment to give a major Energy Policy speech in this hour. What hes expected to do is lay out his plans on how to make our nation a Net Energy Exporter by using American Energy abundance while keeping oil, solar, and, yes, Nuclear Power at the center of u. S. Energy strength. Report editor steven Oil Associates president and former trader and current mayor of new jersey. Mike on what they like and dislike about the president s plan. The dow now down 143 points. Lets start the countdown. Liz folks, we have breaking news. Investors. Biting the hand that has fed their po
Day in the u. S. And u. S. Markets closed. Europe falling 20 below the daily average this time of day, mixed, lower by 4 10 of 1 as investors cautious in the wake of the Missile Launch from north korea, sending money into haven assets like bonds and gold. Out of equities which are unchanged. Fallinges in red against the dollar and yields in green falling commodities, among them, gold rising. Busy week. When isnt it a busy week for Central Banks . Itsswedish bank removing easing, the latest central bank to make the hawkish shift as Inflation Gains and scandinavias largest economy. The blue line is underlying inflation. The central bank holding its benchmark repo rate unchanged at eliminating the chances of a near rate cut. That was the right bank, u. K. Guild flashing a warning sign for investors. The yield on 10 your notes jumping 23 basis points last week, crossing the main peak and ending the established downtrend as the markets adjust to a more hawkish statement from the bank of eng
It was 18,000 on election day. Profits looking very strong. This is the time when corporations tell us how they are doing financially, the story is theyve never made as much money as they are making now. Tax cuts, here is something positive on that. A timeline, details in september, a house vote in october, a senate vote in november, that would be just fine if republicans can pull it off. And jobs, lots of optimistic forecast about fridays big jobs report. You look at washington, you see a mess. You look at the economy and the markets and you see something different. The hope of growth. 22,000, here it comes and Varney Company is about to begin. [laughter] stuart nice graphics. Aw. Who is that . The cars. Of course. Light the graphic. That pleases me. It pleases me. Money from heaven. Love it. Okay, big number, there it is, that was mondays close, 109 from 22k, looks like we will hit it right from the getgo, groan arrows for the futures markets. Triple digits, if we go we are at 22k wh
For the upcoming fiscal year, a testimony from the secretary, jennifer granholm, live coverage here on cspan3. The chair will recognize himself for a fiveminute Opening Statement. Welcome to the hearing to review the department of Energy Performance and fulfillment of the statutory responsibilities and to examine the departments fiscal year 2025 budget request to congress. Welcome back to the committee, secretary granholm. The department of energy has National Security responsibilities to protect Energy Security and oversee the Nations Nuclear weapons program. They conduct an overseas taxpayerfunded research and development, providing loans and grants to help commercialize energyrelated technologies. These hearings are essential to ensure that the department is taking to its core mission and is a responsible steward of taxpayer resources. These hearings are essential. Members will also have an opportunity to examine the department of energys expanded budget request as this year they ar