Of the house and senate. On the right, youve got live picture of the house floor, where one hour ago, members rejected the shortterm funding bill, 232 to 198. That bill would have kept the government running through october 31st, but the Freedom Caucus, a band of breakaway conservative republicans led by matt gaetz of florida insisted they would block it. On the senate floor you see Chuck Schumer of new york. A couple things happening, talking the state of new york which declared a state of emergency due to extreme flooding. There are a whole bunch of issues that are very lifethreatening. Hes talking about that and the Senate Bipartisan bill that they would love to see the house tackle. It is not going to happen. As the government careens toward a shut down, the picture of the Dow Jones Industrials, the blue chips have seen again of 227 points but as soon as the failure of the vote on the house floor came through, a big drop, went to the lows of the session. The s p at the moment the s
Battle for dominance ahead. Lets check in on the markets. Caroline the nasdaq is coming off of its highs. The mood dips a little bit with the strikes being protracted when it comes to the auto sector. When you look at the inflationary pressures, its easing off of bit so we are up by. 62 . On the twoyear at 5. 04 and the bloomberg dollar is down by 1. 3 . Lets look at us i the dollar and bitcoin is slower. 26,870. Going into the mic removes when it comes to stocks. Ed there is no hyperbolic mover. I know were looking close at google and the antitrust case. Back in 2020, apple was considering buying being from microsoft. That has played in whats happening with the court with the testimony weve had about the relationship between google and search. Its interesting to see apple up for a second day. We want to get to the index levels. We are moderately higher on the week but we are snapping, there are three straight weeks of losses. If the fed rate is higher for longer does that make mega ca
With a three handle. A shutdown possibly this weekend. Shares of nike are rallying despite the first revenue miss. The company saying that it sees resilient up canner both here in the u. S. And in china. And the street now braces for a potential Government Shutdown as soon as tomorrow night. Meantime we knew pce was going to be the tent pole data point of the week and some relief we got. Yeah, people leaning towards the idea that it would be a relatively softer number based on some of the clues going into it. As expected, we spoke around the close yesterday, i said that were going to be allowed to mark our fear to reality here. Because it has been all about, wait, what is going on with the messy selloff. It seems upnanchored and a life of its own. And yesterday gdp revision, today pce inflation number. So we have the economy we more or less thought we had. Getting a bit of a bid in stocks. It is all coming together almost a little too crypted. Maybe last day of the quarter. You have ha
Im here to level the Playing Field for all investors. Theres always a bull market somewhere, and i promise to help you find it. Mad money starts now hey, im cramer. Welcome to mad money. Welcome to cramerica other people want to make friends. Im just trying to make you some money. My job is not just to entertain but to educate and teach so call me at 1800743cnbc or tweet me jimcramer. Now, i know the president is a place to do business, and threatening sanctions against unfair trade practices, but another way to do business with america. You can buy one of our finest exports. With the fact that the defense is the only thing republicans like to spend money on, no wonder this group has been so strong hopefully lockheed will say something. A Modest Company that cases a quick dip so you can get in. Each quarter pfizer tries to come up with something new to intrigue us. Abbvie is up 13 i wouldnt hold your breath if you are waiting for that kind of thing from pfizer. Pfizer is like a utility
Any index it is listed on. It is naturally a very heavy weight on the nasdaq. Swingingones backandforth between gains and losses. The same is true of the s p 500, down 3 10 of 1 . Taking a look at treasuries, we see some selling on the treasuries market, the 10year yield going up. The yield on the 30year going up slightly, 2. 88 . About oil. Alk this is fascinating. We finally see a green arrow here. Holding well under 50 actually, i am thinking of rent crude. 473ork crude is down at and rent it is just under 50 a barrel for brent crude. Mark time for our top stories. Shire is making an unsolicited to makensolicited offer a biotech company. Shire says it represents a. Remium of 35 but there is no deal on the horizon just now. Shire says becks also baxalta has declined to engage in substantive discussions over the new proposal. Matt and all cash deal to buy icc health care, representing a ipcs shareice of price yesterday. The man who has been overseeing George Soross fortune will leave