The 30year at 3. 222 and today is jobs friday lets look at expectations forecasters say that the economy probably added 160,000 jobs last month. The Unemployment Rate is seen Holding Steady at 3. 5 the backdrop for this mornings report, stocks at record highs the dow closing within points of 29,000 yesterday, 28,956 apple was a big driver shares of the neck giant up more than 2 and its also adding to the gains this morning its up another 2. 20. Apple last trading at 311. 84. On a trillion and a half. Trillion and a half market cap. It was a broad rally, all 11 sectors of the s p 500 closed higher. Are we taking the under on the jobs i just feel like it would be the under on the jobs. Youve got the weird seasonal things that take place. The number was so blow out last time. It revised higher than months before that, too. It seems like eventually theres a regression or whatever you want to call it to the mean. Im hoping its good. 160,000. 160,000 is a lot. Trade continuing to be a huge s
Desk the bullish call on the machinery manufacturer why one says the environment is better than people think the Halftime Report begins right now. Even had time to put my name in there happy monday your Investment Committee today is joe, josh brown, stephen weiss. We have another very special guest with us on this monday lets begin with the markets and maybe the bold call by global cio scott minerd he says the s p 500 could rally another 15 this year. It could take the index just below 3500 that was take the dow to 31,000. Im only like 24 years old. Amazing you started when you were two. Youve been very right youre more of a bond guy. Why are you saying stocks can rally . We do more than stocks. We do macro also it also plays into each other here this rally, whether youre looking at bonds, stocks, high yield. Its all being driven by liquidsty. The central backs around the world have signalled they will step on the accelerator. They will dump a lot more money into the system. Everything
there s a press conference planned by the floyd family a few hours from now. more on all of that straight ahead this hour. it s a big day for white house. roughly 15 minutes from now the white house covid-19 response team will be holding its briefing. a few hours after that, president biden and democratic congressional leaders will talk about the american rescue plan. big news for all of us. president biden just late out a new vaccination time line. you may want to turn up the volume. you do not want to forget these days. may 1st, that s when president biden says he will direct all states to make every adult eligible for a vaccine by that day. it doesn t mean doses will be available by then. the white house hopes for that to happen by the end of may. let s not forget, it s going to take time for people to actually get that shot or get those shots. if all goes according to plan, we could have a sense of normalcy by july 4th, according to president biden. the president hopes
Fbn am starts right now. Cheryl 501 am in new york days number 28 and cheryl casone. Lauren november is flying by. Cheryl almost over actually. Lauren always the tax bill in the deadline could President Trump to meet with senators on tax reform this afternoon ahead of a possible Senate Floor Vote later this week in office the day after the president met with key members of the Senate Finance committee. You will be the biggest tax reduction in the history of our country parents and i think its doing very well. Lauren thank you, after rand paul said he would support the bill. Cheryl of corker been working with the white house to find a solution. I met with mnuchin today. I meant i dont know how many times with jerry cohn throughout the administration and with their finance committee seeking a solution so that there is a trigger or a backstop, whatever you want to call it in the event we dont achieve the revenues project did. Train to steep gains among 10 opposes the bill and the current
Now. And welcome to power lunch. Im milissa lee. Holding steady this hour, dow managed to hit another record high right at the open before pulling back here. Apple one of the biggest drags in the session this after the company acknowledged cellular connectivity problem with its new watch annadarko, a massive buy back and fifth straight day of gains and near session highs on pace for a fifth positive day in six we begin here with a developing story. President trump announcing new sanctions on north korea eamon javers has the latest. Hi milissa. Alongside south koreas president moon at an event in new york city. The president saying, first, the United States had put new sanctions on north korea and also that the chinese president had told chinese central bank, told banks in china not to do business with north korean entities indicating the chinese are getting serious about exactly what he wants them to do in terms of north korean trade what the president had to say thanking chinese presi