Brief. At 1 00 eastern time, we will see hear from randal quarles. At midnight tonight, the u. S. Government will shut down unless of the house and senate can, up with a lastminute compromise. Now, lets find out what is going on outside the business world. Time is running out for a partialo avert shutdown of the u. S. Government pay the house passed a measure that would keep the government open past tonight while Lawmakers Debate a longterm spending measure. Senate say they have the votes to block the bill. They want to include productions for young undocumented immigrants. According to people familiar with the matter, the fed wants to relax part of the post crisis demand to drastically increase capital levels. The fed is said to be opposed by the fdic, which has authority over banking rules. The European Central bank seems to be getting closer to signaling an end to quantitative easing. Almost half of those surveyed believe there will be a definite end date by june. That is a sign tha
Hours time, lets get a check on where stocks are trading with taylor riggs. We were having some technical difficulties. Taylor we will blame it on record highs. Lets take a look at the dow of almost 200 points, 20 , a record on the dow on friday was at 23. By 2575, nonetheless of broadbased again. The nasdaq up about. 3 . Lets talk about that. If you things i want to mention. Mazon is not is aup. Apple is rushing that off. Are getting an update from jpmorgan, 1180 is a number were looking at for here. Come into my terminal. Btv 10. You are seeing an uptick here, about. 8 on some of these things. Days ofr five straight the biggest losses weve seen so far this year. A lot of the things are making full recoveries as we head into earnings on thursday. Julia lets move on. Ofs week, no shortage catalysts for investors. Tax reform, President Donald Trump spoke about the impending legislation. President trump tax cuts will restore americas Competitive Edge and lower the crushing tax burden on
Concession is a source of grave concern. It leaves iran with a vast nuclear infrastructure, and relies on inspectors to prevent the breakup. That concession creates a real danger that iran could get to the bomb by violating the deal. In the past, and yahoo has threatened netanyahu has threatened airstrikes. The State Government says Hillary Clinton used a personal email account to conduct official business rather than a government account. The state department which doubt asked reached out and asked for records. The state of art found 300 emails the state apartment found 300 emails. Clinton spokesperson said there was nothing improper about the use of personal email, and that all official records were preserved. More video has been released of the lapds fatally shooting a homeless man on skid row this week. The police chief says the video shows the man reaching towards an officers waistband, and the officer cries out that the man grabbed his gun. Three officers opened fire. The shootin
Monday, the nasdaq 15 and the s p 5. And gold fell 31 dollars. Oil was the winner gaining 1. 10 as manufactering data in the u. S. Shows signs of growth. The detroit bankrutcy ruling is expected today. A judge will make the call on whether the case can proceed. U. S. Regulators approve microsofts deal to buy nokias mobile phone business. Krispy kreme fried on forecast. The stock dropped 10 last night investors found holes in the donut companys earnings outlook. However, profits were up 34 . Lincoln ellis of Green Square Capital is good to go for us this morning to talk about the stock market. A bit of a pullback yesterday lincoln but im thinking theres not too much to be concerned about going into december and january here. The santa claus rally is a predominant factor in the month of december and if you dont have any sellers the market does tend to drift higher. Although last night we did see a lack of buyers and that brought us down maybe 100 basis points. Are they worried at all abo
Grouper is looking to bring some romance to your offline world. U. S. Senate has passed a budget bill. The agreement eases automatic spending cuts under 63 billion. The vote was 6436 in favor of the bill. Oracle reported fiscal Second Quarter that topped analyst estimates. Revenue climbing 2 . Sac capital adisers Michael Steinberg becoming the longest serving manager to be convicted of insider trading. It is a government figure that might increase pressure on his former colleagues to cooperate in the u. S. Investigation. Thank you very much. Important news, the Federal Reserves decision to trim its monthly bond purchases, this pace will follow to 75 billion a month. This will be divided between 40 billion. Stocks surging. Shares on the Dow Jones Industrial average up nearly two percent. Here to tell us more, Robbert Van Batenburg who is with newedge. We are joined with with j. P. Morgan funds. With anastasia amoros with j. P. Morgan funds. Is this a good decision today . This substanti