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In the trade war the Halftime Report with scott wapner begins right now. Our Investment Committee at the desk today and back with us today is marc lasry, Avenue Capital groups chairman and ceo nice to have him back. Lets begin with the latest on the markets. Clearly waiting on the fed that News Conference just a couple of hours away the s p 500 just about 1 away from a new record high jim, is the market going to get what it wants today . It better get what it wants today, which is something dubbish from the fed i think were all chuckling. Jon is over there. If they turned to a hawkish tilt, you will see a drop in this market that will being dovish enough i think after december when chairman powell made two mistakes, i think hes not going to make a third mist ....
That wages are not necessarily increasing the way economist anticipated. Pimm the worst performance in wage growth ever on record back to 1982. Scarlet the Consumer Confidence number was a little lighter than what economists had anticipated. Look at oil companies. That is the s p 500 intraday. The s p 500 taking the worst hit exxon taking the worst hit. Was not far off. Lots of superlatives and none of them positive. Lets get a check on oil prices and gold. Nymex crude down. Brent down 1. 5 . Gold up by 0. 5 . Pimm lets see how the wage report reflected in the bond market. A little bit of buying at the 10year and the 30year. Look at theemonth 10 year yield. Yields are down. Prices up. People interested in buying the 10year. Lets take a look at the currency. The dollar is unchanged against the euro. The dollar weakened against the japanese yen. The dollar continues to increase in value. All at stake a look at something youve g ....
Marijuana. Varney company is about to begin. Stuart im going to start with what i am calling a classic case of politics over policy. The fight over Companies Fleeing abroad to high taxes at home. Jack lew writing in the washington post, the system has become full of inefficiencies and special interest loopholes. That is why it is so important we reform our business tax code to make the u. S. Economy more competitive and accelerate Economic Growth and job creati creation. Now listen to what president obama said on the same subject over the weekend. Corporate profits are as high as ever, a small, but growing group of corporations are fleeing the country to get out of paying taxes. Theyre keeping most of the Business Inside the United States, but busily renouncing ....