Buying and half next year. In half next year. Matt, good morning. You. Good morning to pleasure working with you on this friday. There was a lot going on, especially in this part of the world. We have some moves on the ftse, down. 2 in futures. We are looking at equity index futures. Dac and cac ore euro stocks at large. There are interesting stories if you look deeper into the trade. Take aas the risk move, look. I have 10year treasurys up right now. U. S. Treasuries show you what investors think. This is the last three days. We have the yield continuing to come down, down, down over the last three days. Remember bill gross said we need throught go up 2. 4 and that before the 30 year bond bull market is over. We are nowhere near that. I am going to show you the bitcoin price. A threemonth chart, but if you look at it, yeartodate, and i will put that appear, i will put that up here, up over fivefold. Think of what it is up against, jamie dimon says it is a fraud. It might split again.
Trading day in the u. S. Abigail doolittle has more. Abigail today beer looking at solid gains for the averages. The dow, s p 500, and nasdaq all of. Look at the nasdaq. These three major averages are having the best a sense last wednesday. A little bit of strength or conviction on the part of investors ahead of the suspected Health Care Bill vote. , a lackat the s p 500 of conviction, the s p 500 higher. Then, donald trump spoke about the keystone pipeline, investors got a little more confidence. It will be interesting to see if it stays. The average is on pace for weekly decline. The worst of the year for the s p 500. Lets look at the 10 year yield. This shows as there is a bit of a risk off tone as bonds have been hit higher. Or perhaps this is also a reconsideration of the whole reflation trade. That is why we have the 10 year yield down. Represented in green, telling us the bonds are rallying declines today. Again, investors waiting for the Big Health Care vote. The uncertainty bl
The latest on all this. Reporter hey, carl. If a few hours ago, it was the calm before the storm, it now feels like the storm is approaching with members of the house scurrying back and forth, a flurry of activity as people are taking meetings and going back and forth from the floor as we build up to that vote this afternoon. Of course, this comes in the wake of what you mentioned, that ultimatum coming from the white house delivered by budget director mick mulvaney, although this morning on squawk box, he did now say its up to republicans to reach a consensus among their own party. Heres what he said. As to whether or not negotiations are ceased, i think we made it very clear last night that if the republicans need to work amongst themselves on the hill in order to tweak the bill a little bit here or there, in order to get the necessary votes to pass, thats fine with the president , as long as it doesnt change the underlying bill, and i doubt that it would at this point. Reporter ther
They will vote later. Investors are looking beyond obamacare, theyre looking to tax cut. Whichever way obamacare goes, they want to hear the tax cuts and the schedule stays in place. Thats the president s priority. Hes saying get on with it. Look at this. Investors like it, it was shaping up to be the worst week for stocks since the election, but we will open up this morning. This is it. No more negotiating. The vote is today. Varney company is about to begin. If you cant get phase one through, do you think phase two is going to happen or phase three is going to happen . Stuart. Stuart its you that thinks its bad policy. No, its not. Looking at things that Members Congress are looking at. I respectfully and strongly disagree with you. Stuart come to the point now ladies and gentlemen, and vote on it. It might not happen on stuart varneys timeline. Im becoming the most unpopular guy on the program. Everybody was ganging up with me because i said vote on it and get on with it. Now, Presi
Youve heard of this conundrum as we wait on this measure to see what they can do, but every concession the Freedom Caucus, for example, this conservative group of 3540 congressmen who almost to a man and woman were who almost to a man and woman are not big fans of this was whatever confession is made to that group, moderate republicans get kicked off and we deal with our kids. You let him stay up late, but not me and the tugofwar continues. Here is the thing, the reason the markets are watching closely, they reached a deflection point where they dont really care. They seem to buy the indication from the president , vote on this thing and be done with it. They move on to tax cuts. A slamdunk, they could automatically do that, the whole reconciliation process, dont want to get too lost in the weeds because it is really dull but suffice it to say the market seemed to think one way or another they will get tax cuts and one way or another going to be able to see that happen sooner rather th