And welcome to power lunch. The dow is up above the 25803, holding on to 26,000, up by. 9 of a percent and big games in ibm and boeing. More ahead and Goldman Sachs shares taking a hit on the back of the earning. Well take a deeper dive into the numbers in a few moment. Thank you. Welcome, im tyler mathisen. And here is what else is happening at this hour facebook, google and twitter fold up to capitol hill and are telling congress they are going beyond screening and removing extremist content from their services they are actively fighting against that content and terror. Senate Banking Panel voting again to approve j. Powells nomination for the next fed chairman the vote advances his nomination to the full senate floor and home builder confidence slipping this past month but still hovering near an 18year high melissa. The dow back on the upswing after yesterdays selloff. Bob is at the New York Stock Exchange tracking the action so bob, is it back volatility i mean . There are a lot of
Better wage growth looks. Better Interest Rates look as well, they back up reflecting all of that of course that is something that markets are seizing on as Deirdre Bolton and i chatted in the past. Wall street is perfectly fine with the same doubledigit wage increases but has Serious Problems with you making that money. Thats right. Do not pay the average worker. We talked about that with those fears of inflation. That is to say if there are inflationary pressures then you do see yields, well show you the bond yields go up. The reason it makes investors nervous, because it means all kinds of borrowing get more expensive. I want to take you through intraday chart. You were talking about this, neil. This is the nasdaq. They have the same pattern. You saw the dow flash quickly here. Could it get worse monday morning . The answer was yes. We pared some of those losses. Fighting bag here in a little bit. If you look at nasdaq and dow and s p 500 they have this pattern where they started lo
Revenue abroad is translated back, it is translated into more dollars, but, but, longer term could be a problem with more currencies, digital or otherwise. Eventually it may clip us. Were on top of some white house developments. We might hear from the president of the United States. Remember he is heading off to davos. So when he does, and outlines some plans, he is formizing a lot of ambassador assignments right now. I dont know whether they give them press passes or what. Bottom line, that is what were waiting on. Later on today he will meet with the nations mayors. He will be a busy guy. Of course theyre trying to say now that the government is back in business we think get back to business, resolve all this immigration kerfuffle, sooner rather than later. That well get into is looking a little bit dicey. Meantime, more companies sharing the their riches, their tax cut riches. Starbucks latest to say it is going to be sharing wits workers, not only bonuses or maybe cheap coffee but
Next a look at President Trumps priorities for congress with White House Legislative Affairs director marc short. He talked reported at the Christian Science monitor breakfast. He says tax reform and a legislative fix for the daca program or deferred action for child arrivals, are high on the list. My friend, good morning. Im dave cook from the Christian Science monitor. Thanks for coming. Our guest today is marc short. Assistant to the president and director of the office of legislative affairs. This is his first visit with our low cal Breakfast Club come home to what steve bannon called the pearl clutching mainstream media. Thanks for making time for us in your busy schedule. Marc short, a virginia native graduated from washington and lee university. He got his start in politics serving as finance director for Oliver North Senate campaign picky when on to become executive director of the Young Americas Foundation where his role included stewardship of Ronald Reagans ranch. After runn
My friend mr. Gizzi, im dave cook from the Christian Science monitor. Our guest today is marc short an activitient to the president and director of the office of legislative affair. This is his first with our locale Breakfast Club home to what steve bannon calls account pearl clutching mainstream media. Thanks for making time for us in your busy schedule, sir. Marc short graduated from washington and lee university. He got his start in politics serving as finance director for oliver norths Senate Campaign and went on to become executive director of Young Americans foundation where his role including stewardship of reagans ranch. He earned an mba from the university of virginia. He worked in the Homeland Security department during the bush administration. Served as senator kay bailey hutchinsons chief of staff and later chief of staff under mike pence. He was later hired by freedom partners becoming the organizations president. And thus ended the biographical portion of the program. Now