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because we have seen construction crews moving out of the way but places we don t typically see bumper to bumper condition but we are seeing conditions build. it is busy. yes. i actually saw justin drabick over at kyw naus radio traffic center. he was tweeting yesterday that things were looking a typically heavy. so i guess everyone is just kind of getting ready to go out. yes. i guess everybody has the same idea. you mentioned there is some rain out there right now, coming down in some spots very heavily, yes, thinks not ideal travel. would i just try to wait it out especially down here near parts of the cape may, atlantic, burlington ocean counties, we have got not just light to moderate but some spots very soaking rain that is currently coming down across kent, sussex county, included in that and then on the tail end of the three hour loop moving up i-95 this little batch of showers very likely to strike philadelphia in the next couple of hours. what is goo ....
even though we saw stocks lower today, it seems like this run is still intact, particularly if tax reform moves forward by the end of this year. not so great for one particular asset, 8240, this chart i want to show you, gold. week,rd this earlier this if we get tax reform through and interest rates rise, which they look set to do, that was also pointing to the fed minutes, gold will suffer. we have seen gold slip from a one-year high in september. , it though it is choppy looks like that down trend is in place. don t buy gold. some people would beg to differ thing gold has reached a bottom and you still have to find a decent return in this situation. given fed minutes and inflation coming you have to wonder how much higher these rates can move and the dollar move. exactly. if there is no inflation, or very little inflation, that is the same case for gold. let s pull up the chart for the u.s. markets and show you how we , particularly after those fed minutes. th ....
ten-year. but get you up to speed on top stories. is taylor riggs. federal reserve policymakers signaling there will likely be an increase next month. their most recent meeting shows that officials are looking for stronger science of their rights. want people want to see inflation on an upward path before another rate hike. tomorrow, zimbabwe gets the first their first new president for a few decades. the the new could country as a democracy. he had fled after being president bite fired fired by president robert who got a, who will not face prosecution. in the u.k., conservative party makers are delighted with a by hammond, who targeted younger voters with tax biggestand promised the home-building program in almost five decades. conservatives lost over brexit. in germany, chancellor angela merkel make it a partial lifeline from democrats. social democrat leader martin schultz is prepared to offer a limited support for a fourth term. according to people familiar wi ....
wanted, which could wreak trigger tax increases that could whena risk for the senate it goes for a vote, possibly as soon as tomorrow. we speak with kevin cirilli. what is the danger that conservatives will go against the bill based on this trigger? kevin: mitch mcconnell is saying they are our will move ahead with the motion to proceed in order to have this vote on the tax reform package tomorrow. a deal being reached could mean the public and leadership as coulds senator corker, resolve. should the tax plan not be able enue as aenough rev mechanism for economic growth, there would be an austerity trigger that would drive up revenue for the government to collect, still being deciphered as we speak. all systems are go for the senate passing this tomorrow. president trump is going to be back in missouri this afternoon and he will be trying to drum up support. hery: that satisfies defecity hawks, buteficit what about senators like ron johnson? kevin: those folks are m ....
good thursday morning, welcome to squawk alley. i m carl quintanilla with john fortt. julia boorstin joins us for the hour at post 9 sara eisen is off. a lot to watch today the dow breaking through 24,000, now up, intraday record and strong day for the nasdaq, too getting news john mccain is on board regarding the senate tax bill of course, it is the last trading day of the month joining us, dan morgan, senior portfolio manager. before that, elon with more on mccain senator john mccain is a yes on the tax reform bill he had been one of the key undecided votes on the republican tax plan, but he said in a statement today that though this is not perfect legislation, he does believe that it will grow the economy and add more money to the pockets of middle class families this is key for republicans. they also got a boost when lisa murkowski of alaska said she would support the bill, as well, so the only two vocal holdouts appear to be senator ron johnson and senator susa ....