Evening to you thanks for joining us this is art. Donald trumps demanding to meet with the anonymous official who blew the whistle on phone calls with his ukrainian counterpart the scandal surrounding the conversations led to the launch of an impeachment inquiry last week over possible collusion with a foreign power the us president claims that the whistleblowers account of what was said was quote totally inaccurate in all reports of the most pointing out the Us Intelligence community quietly changed the official whistleblower complaint form around the time the ukraine called scandal broke the version that required a whistleblower to have 1st hand intelligence but the new form made another tick box option available meaning relayed information would be considered also. Now the timing of the change it is indeed noteworthy because the latest version of the document says it was revised the all good to stop and to be the same month in which the scandal triggering complaint was filed and the
Would show that companies dont always use the asset when theyre repatriated to invest in manufacturing, jobs, things you gees are talking about they Share Buybacks and financial engineering. How do you guarantee that wont happen this time so, look, we heard that numerous times if thats our worstcase scenario that companies repatriate their money and use it for share pbuybacks and dividends, what happens . They buy back shares, issue dividends, pay the repatriation tax, we get another 20 tax on Capital Gains or dividends and the people who get that money back do what they reinvest it back in the economy in new investment and new capital. Were putting very enticing rules into the system that will entice people to invest capital for the next five years. Were giving people a fiveyear writeoff that they can instantly expense. So, look, if that happens, thats fine, we know that money will get invested right back into the economy and drive jobs, drive economic growth, drive wages and drive pr
And this morning the iea says it sees the oil glut worsening. The big reason, demand growth now is slowing while opecs out look continues to boom the ieac Global Market is supplied until at least the end of next year. Wti with 36 and change down another 1 . Even brent at 39 and natural gas, look at that, below the 2 mark. We were you messed it up yesterday. Halftime report we were up like 150 or something . Almost 200. Almost 200. We ended up, up 80. What did you do . Which guy was it do you think . Were you on the show. They were both there. Could have been either one. Or could have been each. But, you know what i think honestly what did happen, oil got weaker and weaker and in the old days if oil went down, it was party. Sit that people think its not as slower or. What is it . The iea saying its demand and not supply. Last two weeks we decided it was all supply. Every guy we had on said it was supply. Maybe its just that the shorts out there in the market are just leaning on it becau
No funk for the consumer. Targeted at 6 billion, snap chat with 0 billion in revenue, raising a new height this morning. Facebooks first downgrade since march of this year, and the growth will slow in 2015. For the first time, the targets open with the s p above 2,000 coming off the 30th record close of the year and dow hit new intraday highs in tuesday session, and nasdaq at a fresh 14 and a half year high, up 4. 5 . Interesting action so far. We have a cease fire in gaza, meeting how the geopolitical story reversed and markets like that. Lack of news is good news for the market. The bullish momentum continues. Milestone after milestone, but momentum is a keyword to talk about and whether it continues the 30th record close for stocks . The action is in the currency market. Overnight, the year row hit the lowest level in a year, ramped up hopes, right, simon, for more action and weak Economic Data fuelling the fire. I think one. Most interesting barometers this morning is the major rig
Keep in mind down about 3 from the alltime highs and today it is down by 27 points. Currently sitting down by 1. 4 . It is at session lows i do believe. As for the nasdaq, lets take a look at what it is up to. Off by 1. 7 , 76point loss. As for the small cap, russell 2000, little guys are doing it tough, as well. To the downside. Oneyear change is only down 10. 17 . Down 10 , that hit the alltime high in july, july 1st. It is down 10 from that high. Entering correction territory from the alltime high. Absolutely. There is that decline we have seen over the last few months in that. We want your thoughts on all of this and whats happening in the markets. Go online to our website cnbc. Com vote. Tell us if you think investors should be afraid of the markets this month of october. So far, of course, its not been pretty. Talk about it in the Closing Bell Exchange today. While you vote, we have contributor jack varucian, keith fitzgerald, jennifer vail, we have david cudlo and our own Rick S