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Good thursday morning, welcome to squawk alley. Im 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 fa ....
Good morning. It is a wednesday here in new york city. Youre watching Market Makers. Now, we willom hear from president obama. Before then, breaking news on housing markets. New home sales are officially out. Michael mckee has the new headlines front and center in the newsroom. We have a whole account housing. We have been disappointed but new home sales rose 18 in the last month as people went back and started buying. We also see a big decline in the number of houses available. , we have seen disappointing housing starts. That is starting to come home to roost. We have only a 4. 8 month supply down from 5. 5. 5004000 range. This is the biggest since before the economic crisis. All of a sudden, americans decided they did not just one existing homes. They won 18 increase in new home sales for the month of august. All right, michael. We are waiting for president obama to address the u. N. Is in d. C. We see the brazilian president sp ....
That the rate may have been manipulated lower, which at the surface says people are getting lower mortgages. But remember, it is a zerosum game here. A continuing story. The three banks need to respond to the antitrust complaint in writing and at a hearing. Lets get our morning brief. Overnight, u. K. Inflation accelerating faster than forecast on a higher airfares and shipping costs. That is a little bit in the weeds. No Economic Data to speak of in the u. S. Earnings. Number of home depot just reported. Earnings per share is a little bit lighter than what analysts were looking for. Nate net sales coming in a little bit light. Analysts were looking for 20 billion. In terms of fullyear forecast, it terms looks to be a little bit higher. Additional buybacks over the rest of the year. Early to say if there are any shares trading. We will you know if they move. Goods, dicks sporting and tj maxx will be reporting before the bell. Into ....