Senate rules will be changed because the gorsuch vote was blocked, 60 votes necessary blocked. Republicans say they have no other choice, simple majority, changing the rules, going nuclear, as it were. A development behind the scenes could have you going nuclear. Talk about bodies agreement not only to proceed on health care, by greater extension with the tax cuts. Were getting late word the president is very keen on marrying infrastructure, talking of building more roads and bridges what he can do elsewhere when it comes to Getting Health Care reworked through. Mitch mcconnell in the meantime talking about this measure, to get a simple majority vote goingnd soo neil gorsuch. I raised a point of order vote on cloture on precedent set on november 21st, 2013, is majority vote on all nominations. The precedent of november 21st, 2013, did not apply to nominations to the Supreme Court. Those nominations are considered under the plain language, rule 22. The point of order is not sustained. I
Our investors are throwing the baby out with the bathwater. We were asking about under armor earlier too. More on that is coming up. The socalled fang stocks, those that yuld used to be the hottest in the tech sector. Two have been losing their bite lately. Well look at whats behind the decline of their names and wherever they can recover. And well talk about the future of cable and well speak exclusively with the president of Cox Communications coming up. Meantime one of the stories that set the stage for this morning, we had home depot dropping despite an earnings beat. Courtney reagan here to make sense of it all. Hi, there. Bill. Home depot again posting Quarterly Results Strong Enough to beat analysts expectations for profit and revenue and its most important quarter of the spring. And for extra positivity, it raised its earnings forecast. They grew more than 7 in the u. S. , more than 6 when you add in mexico and canada. However, comes did decelerate each month of the quarter to
Question. How should one thing about the slower normalization being allocated among three factors . Is the fed more worried about the outlook than the scenario i just described . Is the fed modifying its reaction function, or did Market Participants really understand the way the fed started normalization . Okay. Thats a great question. Let me try to address it. So, you started by pointing out that essentially the u. S. Economy is doing well. We are close to our maximum employment goal with a 4. 9 Unemployment Rate and the median estimates among participants of a longer run normal rate is about 8. 4 . Were close although as ive often pointed out and still continue to personally believe i think theres a little more slack in the labor market than one would surmise by looking at the Unemployment Rate alone, and here im particularly thinking about abnormally high levels of involuntary parttime employment and perhaps we have seen some decline in what i call the cyclical component of labor fo
If congress does move on relaxing the u. S. Ban on exports of crude oil. Ill keep an eye on that story which the white house says they still prefer their administration to address. We take you live to the nymex for the latest shortly. And fitbit soaring again today on nufz a corporate account with target. We debate whether this stock is more than a fad bill. They order 335,000 fitbits theyre going to hand out to all target employees. Thats a lot. Plus mad money meets closing bell. Jim cramers going to join us today. Hell be live from the dream force conference out there in San Francisco. Hes with the ceo of Western Union coming up shortly here. But in the meantime lets get to the story of the day. Jackie deangelis joins us now from the nymex with this big rally on oil today. Jackie . Reporter good afternoon, guys. Thats right. A near 6 jump in oil prices today. We havent seen a move like this since august 31st. That was one of the days we popped 8. 8 . So these wild swings continue whe
Last december. And it wasnt just equities tt saw strength. Oil logged a 9 gain during the past five trading sessions. Today the Dow Jones Industrial average rose 33 points to close at 17,084. The nasdaq added 19, and the s p 500 added a point. Not much, but it still counts as a win. And look at the numbers for the week. The dow and s p 500 both with gains of more than 3 . Mary thompson with more now on the big week for stocks. Reporter well, Oil Activists and expectations for Central Banks will keep from raising Interest Rates this year all helped to fuel strong gains on wall street this week. Notes from the Federal Reserves last meeting suggests policy makers remain dovish, concerned about the International Markets and the lack of u. S. Inflation. All of this spurring a move into riskier assets like stocks as well as commodities. Leading the commodities space, oil. It was up almost 9 this week as it traded above but failed to close above that 50 a barrel mark. The rally spurring big g