that 3m story i think is really indicative as well. there is alternative narrative out today which is that the global economic slowdown is something you need to pay attention to. you can see that in the 3m numbers, but also elsewhere. this is the korean yuan. the dollar moving stronger against it earlier on. the data really is appointing in terms of trade numbers. the data more broadly really weak. that is something you really want to pay attention to, a useful bellwether for what is happening in asia. then you have this broad dollar strength. euro-dollar trading with the 1.11 handle. i think the banks are really where we take our narrative from here. still continue to be releasably week. we are seeing, that america is really the only place you want to be of nesting one to be investing, i think is alive and well today. the banks are a big drag. there are solid numbers elsewhere that are worth paying attention to, but nevertheless, that kind of america first economic, the gl
at some of the nasdaq heavy weights and facebook, amazon still up 10% or more off their record high. so will those names catch up with the rest of tech? what do you buy now, guy first of all, there are people that are watching that are getting married in the fall and a lot of them will think to play that song nobody would think to play this song. this sis so old, and we are family, the sister sledge song i encourage you folks, if you re thinking about it, don t do it the more you know welcome, dan. what was the question no, i know what the question is can the tech heavy weights go up facebook scares me, but there are names that make some sense and we headed similarly to the show about a month and a half two months ago and i said there was another radar stock in tech that people haven t looked at that was $230 right before president trump started these tearives and it traded down 130 and it traded to the upside and it was lam research and they reported and 5g is
bottom left of your screen we ll be on bitcoin watch. exciting. for the entire hour just like a hurricane, you can watch it go up and down and not miss a second. if that s not enough, one of the largest online brokerage firms will be on the front lines as bitcoin makes its debut on wall street, bitcoin futures. the ceo will join us later first, the drama in d.c. raging on as the house just voted to avoid a shutdown this week the question looms over the future of the tax bill eamon javers has the details plus a new development on infrastructure eamon? reporter: that s right, that final vote was 235-193 in the house of representatives that means that continuing resolution would simply kick the can down the road for two weeks and avoid a government shutdown. it still has to pass the united states senate. every expectation is that it will pass. we got some positive imagery at the white house in terms of the by partisan congressional leadership coming to the white house to
that s what i keep thinking on a day like today stocks trashed a week ago, started rebounding like crazy. dow gaining, s&p advancing and nasdaq 0.54% makes you wonder about the market s rationality you re wondering, thinking is it even sane? for the most part nothing wrong with the stocks that. reporter: zbls. that were hammered in the selloff. but market is not crazy or irrational in reality traders tend to make wild overgenralizations, act fast mistake to assume they know what they re doing. in short the market is often wrong but we credit the action with being brilliant how wrong with the market be egregious examples tonight rotation out of technology that didn t make a lot of sense sales force.com. stood at $92 roared to $102 in earnings when the company reported, results superb, really stupendous, scrutinized them line by line and had such faith it was that good what happened to the stock got completely bushwhacked fell under $100 in a couple of days as part of the r
making her last stand, raising rates for the third time this year and the fifth time since the financial crisis steve liesman was at the press conference reporter: hi, melissa the federal reserve raising the interest rates by a quarter point, that is the highest it s been since 2004. the fed forecasting three more rate hikes, boosting its growth forecast next year to 2.5% in part because of coming tax cuts. it also lowered its outlook for unemployment to 3.9% and continues to believe that inflation would eventually move up to its 1.9% target. there is nothing flashing red there or possibly even orange. we have a much more resilient stronger banking system. and we re not seeing some worrisome buildup in leverage or credit growth at excessive levels so, you know, this is something that the fomc pays attention to. but if you ask me is this a significant factor shaping monetary policy now, well, it s on the list of risks it s not a major it s not a major factor reporter: