Definitely a recovery in that and again, it delay. Presume there was also a Strong Demand for housing. Other breaking news not to do with the u. S. Economy but to do with canada. The bank of canada has an overnight different Interest Rate of 1 and says it will be cautious with future rate increases. Some economists and strategists in canada have predicted a stronger saying they might signal that they would raise rates. Be s not necessarily to viewing that we see the dollar strengthened up about one half of 1 . Getting back to the u. S. Averages, were seeing some weakness. All three major averages are down here. Lets get to them and earnings movers i should say, up and down. First of all, anthem is stronger today. Earnings topping estimates by 10 , the biggest beat we have seen, earnings per share up a percent 8 . Illustrating a debt ratio more, andoving actually rising. Now little changed, almost 2000 rite aid stores, we reported process profit estimates, coming down to her gerbil is o
Busiest earnings day of quarter. The treasury secretary on the tax rollout. And the ceos of dow chemical and Southwest Airlines in the next 60 minutes. First up, the white house is pushing what it calls the largest tax cut and reform in history. This morning on the today show, the treasury secretary was grilled about how the plan will be paid for. And mr. Secretary, would you be willing to raise your right hand and look at the American People and say, i Steven Mnuchin promise you that this will be revenue neutral and deficit neutral . So right now, were working with the house and the senate. This is now about taking the president s principles and turning them into a bill that we can get passed and the president can sign this year so we can create Economic Growth. And were going to work closely with congress to get this done. So matt, yes, our principles are, we want to pay for this with Economic Growth and with reducing lots and lots of special interest deductions. Ive got to get your
Committee meets to receive the testimony of the secretary of defense and the chairman of the joint chief of staffs on the administrations fiscal year 2018 budget request. We welcome secretary mattis for the first time before our committee and we welcome chairman dunford back. The question today, as it is each year for this hearing, is how well the administrations proposal meets the security needs of the nation. Factoring in both the external threats and the current state of our military. This committee has repeatedly heard testimony over the past two years that our country faces more serious complex security challenges now than we have faced before. The hearings and briefings we have held on the current state of our military have been disturbing. The administrations budget request of 603 billion for base requirements is 6 above the 17 enacted level and 3 above the last Obama Administration Budget Proposal. Its 37 billion below what this committee assessed last fall was needed and 58 bi
The close of the u. S. Trading. Lets get a check on where stocks are trading with julie hyman. Yellensjanet testimony gave the markets another rally. Julie and day how many of the Health Care Debate . Of ave not seen that much reaction yes, they have climbed from the lows of the session but almost a black line on health care today as the move appears to be incremental. Jason gorman, who covers health care for bloomberg intelligence, says maybe this gets closer in the senate, but still an uphill battle in the house. Health care not getting much of a reaction. We are seeing a rally, albeit a muted one, on day 2 of Janet Yellens testimony. Dow rising to a record again to. Ransports also rallying s p and nasdaq, not much changed, but something of an upward bias. On the bloomberg, you have a mixed picture. Financials are bouncing after yesterdays declines to technology continuing what has been an impressive rally. The fifth straight day we have seen the nasdaq higher. Have not seen a rally
The close of the u. S. Trading. Lets get a check on where stocks are trading with julie hyman. Yellensjanet testimony gave the markets another rally. Julie and day how many of the Health Care Debate . Of ave not seen that much reaction yes, they have climbed from the lows of the session but almost a black line on health care today as the move appears to be incremental. Jason gorman, who covers health care for bloomberg intelligence, says maybe this gets closer in the senate, but still an uphill battle in the house. Health care not getting much of a reaction. We are seeing a rally, albeit a muted one, on day 2 of Janet Yellens testimony. Dow rising to a record again to. Ransports also rallying s p and nasdaq, not much changed, but something of an upward bias. On the bloomberg, you have a mixed picture. Financials are bouncing after yesterdays declines to technology continuing what has been an impressive rally. The fifth straight day we have seen the nasdaq higher. Have not seen a rally