Look forward to the return and congratulations again. Welcome, everybody, to the closing bell. Im wilburt frost in for bill today. Markets stormed out of the gates this morning, but a dramatic reversal in the last hour. A big day for earnings. After the bell, facebook, microsoft, qualcomm, at t, and more reporting what you need to know ahead of the reports. Starting with the initial rebound and selloff and since then pull back we are uptown at the nasdaq, and bob pasani is at the new york stock exchange, bob, starting with you the important thing is what happened in the last hour because we have weakened now, everyone is talking about the feds statement about market based measures of inflation compensation increasing in recent months, but remain low. They added that phrase they are more hawkish on inflation, but its modest, and the s p, lets look at the s p it did not move at all for the first 15 minutes after the feds statements if you thought, they would have been moving more aggress
For the first time in ten years. It begins with tax day on capitol hill after an unexpected delay yesterday, House Republicans set to officially roll out their tax reform plan this morning plus, dead serious about russia facebooks ceo, Mark Zuckerberg, promising increased efforts to police content on the social media platform and trouble for tesla, the automaker missing a model 3 production goal, reporting its largest ever quarterly loss. Right now, House Republicans and ways and Means Committee chairman kevin brady meeting on capitol hill as they get ready to reveal their tax plan. It calls for a corporate rate cut to 20. The repatriation would be 5 cash, 12 other assets, 30 of passthrough income subject to a lower rate there would be four tax brackets for individuals, the top rate remaining at 39. 6 and a phaseout of the estate tax. The journal saying that corporate will be permanent, with no phaseout although this has literally changed four or five times in the past day or two. I th
Come to order. Without objection, the chair is authorized to declare recess at any time. We welcome everyone to this mornings hearing on oversight of the department of justice. We begin by recognizing myself for an opening statement. Good morning. Today, we welcome jeff sessions, to the annual department of justice oversight hearing. Mr. Attorney general, you have a long and distinguished career of service. You continued that service by leading the department of justice, an agency that by its very nature is prone to controversy because of the varied opinions on what it means to seek and obtain justice. However, you clearly understand the department you need must have confidence of the American People even when your decisions are not always well deceived. Received. Your first year leading the department of justice has not been without difficulty, which is expected at the outset of a new administration. While much has been done to correct the Improper Administration of justice under the
The Judiciary Committee will come toward her, and without objection, the chair is to we welcome everyone to this mornings hearing on oversight of the department of justice. We begin by recognizing myself for an Opening Statement. Good morning. Today, we welcome Jeff Sessions, up for the annual department of justice oversight hearing. General, you have a long and distinguished career of service. You continued that service by leading the department of justice, an agency that by its very nature is prone to controversy because of the varied opinions on what it means to obtain justice. However, you clearly understand the department you need must have confidence of the american decisionsn when your are not always well deceived. The first year has not been without difficulty, which is expected at the outset of the new administration. You dont have the improper Political Engagement under the Obama Administration. More work must be done to ensure the department is operating to impartially admin
Lowes and home depot, something in the chart suggests more pain. Lets get to it while the s p has fallen 1 in the last month the socalled safety sectors, rallying, telecom and utilities up 4 , even Consumer Staples managing to eke out gains. If volatility picks up, is this where you want to be dan . Its interesting, we used to talk about Interest Rates and thought we were in a rate increase cycle here. Fed fund futures pricing less than a 35 chance of hike in december thats why youve seen these rate proxy names kind of come back to life a little bit. Telecom is interesting, we know theres fat dividend yields there and utilities like you mentioned there, staples are acting pretty well if youre looking for safety trades and volatility will pick back up, valuation may become a concern for some of these sectors that have had big runs it makes sense to look at ones regionally priced with decent yield. What could you do in view of the safety trade move weve seen one of the things interesting