Well get them involved in a few moments, but we do begin with the aforementioned jeffrey gunned lach, founder and show of Doubleline Capital thanks for having us. Welcome, judge. Glad to have you here at doubleline. A big day, obviously fed day. New high yet again for the dow surprises today. The fed is going to hike, right . Of course, the fed is going to hike. The real message of 2017 i think is that this is the year that the fed won. You know, 14 short mondays ago the bond Market Pricing said, fed, you wont be able to raise three times in 2017. Actually before the election it was about a onehalf hike is what the bond market was pricing in then the market started to exit late and in late february a couple of fed governor talked about a march hike and the bond market for the first time in years changed on a dime based on fed rhetoric and ever since february the bond market said yes, we believe in three hikes or maybe 2. 75 hikes and clear lit fed is going to hike and whats doubling in
Josh, tell me. How do you think the markets are going to react now, assuming this passes as early as next week, according to the president . Yeah, you know, its really something. Were now going to get a massive fiscal stimulus which we could have used seven years ago, but well get it now, and its squarely aimed at probably the one area of the economy that needs it the least, corporate profits, but, fine they are going to give it to us, and its going to be great for stocks and maybe some of that is already priced in, but were going to get that on top of still having very, very historically low interest rates. No rush in terms of the rate at which rates will rise. Somebody from the fed yesterday said they are not going to counteract fiscal stimulus with what they are doing to Monetary Policy so maybe there will be some space in between where that can actually take effect. Look, the most important thing you just said is whether you debate, and there are others weighing in, whether its Jef
It did pass overwhelmingly yesterday 227203. Were expect probably a similar outcome today. Well keep our eye on everything happening in washington, d. C oh, by the way, the president is expected to speak later this afternoon. We may actually hear from him momentarily as well. Our Mission Today is dwight simple, to figure out what all of this means to your money and what may happen in the months ahead. At least one key person weighing in on that question today, council of economics chair gary cohn who said this earlier if you look and what the tax plan is going to do, i dont think thats factored in you can take an interesting basket of hightech stocks and lowtech stocks, and they are not doing what you think they are doing. You would think that the high tax stocks would be outperforming the low tax stocks its not happening, so i think theres a lot more momentum in the stock market. Doc, gary cohn said its not priced in. A lot more momentum. The question i posed yesterday, right, that to
An 11 rise in exports for january. Still both were higher than economists expected. Over in europe, a check on how were doing there. The dak dox down better than 1 n germany. Down about 1 across the board in political news, well, you want to look at these first . What . Treasuries. Of course. Dont want to jump past those. The tenyear it was sitting there. I didnt see it i was so excited for the political news 2. 831 is the number on the tenyear recent high was 2. 88 that happened in the midst of that payrolls report then the market turmoil. After that soft auction yesterday and the budget agreement with the raising of the spending cap, thats when you saw yields take that little bit of a jump higher should we do political news now . Lets do it the clock is once again ticking in congress. Lawmakers having until mid night tonight to pass a spending bill and avert another Government Shutdown this time theres a major bipartisan budget deal in the work democratic and Republican Leaders in th
Halftime report starts now. Just because were not up or down a thousand points of the dow does not mean the markets are calm in fact, the dow has been up and down tripledigits today now right now we are holding on to the strong gains, but with three hours to go, you never know what could happen risk also coming off just a bit as stocks rise volatility gauges are falling but the vix still above 20 match. Com soaring the dating site which oend owns tinder as more people sign up chipotle down and comp sales missing targets and it expects the decline to continue toward the middle of the year and wynn resorts and michael kors an and hasbro rallying and wynn, get to that story soon. Im Tyler Mathisen breaking news out of washington, Senate Leaders have announced a longterm budget deal. Kayla is on the hill with details. This is a deal in discussion since this fall. But earlier today just a few minutes ago leadership from each party in the senate took to the floor to announce they had resolve