Furloughs taking place the other thing to keep an eye on is the high yield bond etf, hyg, and also the junk etf, spider, bloomberg, bark clays, hy bond, jnk were seeing those jump because of some of these fed actions which include now basically buying into and helping support u. S. High yield corporate bonds, so really talk about taking all the tools out of the chest its cause something strategists to now circulate notes today asking what could potentially be next for the fed is it going to be Something Like buying into actual equities . Guys carl . We are glad back to have on our air art cashin, director of floor operations at ubs and bob pisani art, we have missed your guidance and wisdom over the past few weeks as you recover from an accident, but its great to have you back let me just start off by asking you about this historic fed move and as you said in one of your notes this morning with powell on the tape, the game is now on the table. What do you mean well, its, you know, the
Go big or go home good friday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt and here at post nine. Record highs on the dow and s p this morning all major averages having best month coming as the president addresses the Economic Forum in davos sw davos switzerland yesterday declaring america is open for business sat down with our joe kernen for more well turn to Michelle Carusocabrera in davos this morning. Hey, michelle. Reporter hey, carl, President Trump on a full court press to convince investors around the world to invest in the United States. Trump reiterated how pleased he is about the Corporate Tax cut, what it does for american competitiveness and how its leading to bonuses for workers as a result. I think that the tax plan has been even better than we thought. What did happen that nobody considered is that at t started, but they immediately followed hundreds of companies are giving thousands and thousands of dollars to their workers and now you have almo
Now saying the country is willing to European Union has given the ecb president other tools to use in case of deeper prices. Druggie in the ecb did not go too far when it unveiled the Bond Buying Program in 2012. That happened right after he declared he would do whatever it would take to save the euro. Stephanie boeing has extended its lead over airbus on the second day of the paris air show. Bowling pulled in its biggest deal yet agreed to sell 100 of its 737 max jets to the dutch leasing firm. It is almost 11 billion. Boeing has a most 30 billion in sales so far which doubles airbus; total. Five people were killed when an Apartment Building balcony collapsed. Eight people were injured, and some are in critical condition. The average government says some of the young people are just some of the victims are young people from ireland. In hockey, the Chicago Blackhawks have won the third stanley cup in six years. Chicago beat tampa bay 20, winning the bestofseven series 42. Duncan keith
Our tenyear is at a seven month high as durables crash estimates. Earnings from dow components dragging us lower in the premarket. Chipotle sinking double digits a big miss on results last night. Amazon unveils delivery inside your door with a new Smart Security camera. We will fill you in. One day after another record high for the dow coke and boeing beating with earnings this morning. Jim, theres a lot to get to several companies with a socalled triple play meaning they beat on the top and bottom line and raised guides aance. I think that visa doesnt get enough chatter by anyone its been maybe one of the most consistent if not the most consistent company in the Financial Service and tech business once again, it blows things away i was afraid that this would be one of those where it blew it away and people would yawn but it was too good because its double digit we are seeing some quarters i went over 3m ynesterday it was a clinic, it was so good. Some remarkable numbers. We could let
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