Weak in the session. Joining us is josh brown welcome back. Good to be here are you also in celebration mode after jay powell . Im also in celebration mode. We got all but a promise of a rate cut i think in july. Theyre going to do it. I said earlier, he foamed the runway for what ithink the market knew he was going to do the thing is, i dont think its necessary, but i also dont think its harmful a 25 basis point rate cut most likely, the best example of Something Like this, that i can think of from recent history is 1995 you had a new alltime high in the stock market the day they did the cut, but it was a single cut. And a lot of the reason for that, they had done a surprise rate hike in 1994, which kind of crushed the bond market, people were shocked i think what the 1995 single cut was about was taking some of the pressure off from that, maybe also like a mea culpa, we didnt need to do that that maybe thats what this is most like, and it would be likely we make a new stock market hi
The tenyear bull market makes new history as the fed chair appears to make the case for a rate cut plus big tech is at the center of the president s tariff fights as france vows to tax some of the largest American Companies. The white house hits back. And forget f. A. N. G. Jim has a new basket of stocks to watch you saw it here on squawk on the street. The s p surpassing 3,000 yesterday for the First Time Ever after the fed chair did signal a rate cut is on the horizon. This morning it goes back to the hill, testify before Senate Banking. Yesterday in front of that house panel, he was asked if a strong case could be made for lowering rates due to trade uncertainty and inflation short of the target this was his response. Yes, as i mentioned, we think that uncertainty around trade policy and also Global Growth, its not all down to trade policy theres something going on with growth around the world, particularly around manufacturing and investment and trade. And so that uncertainty is, w
Good morning, ladies and gentlemen. Welcome to the 33rd anal chur hill conference. My name is david freeman. I am here this weekend acting in as Program Chair for the conference. We want to make a special welcome to the cspan audience which will be watching us live for all the Panel Sessions today and tomorrow. So were sticking to a rigid. Timetable. Were going to get right into it by introducing our first speaker of the morning, the executive director of the International Churchill society, mr. Lee pollock. Thank you, david. And i join you in welcoming everyone who is your duty to will be a wonderful conference. Or as one of our president ial candidates might say, this crowd is huge. Its been a year since our last and very memorable conference in my case six years since i became your executive director. During the past year with your support we have continued to build on the work that has gone before. Just consider a couple of things are do a Google Search for Winston Churchill, youll
Good morning. The days top stories, the Global Markets. Political paralysis, the point of that in italy spooking investors and lead to go a selloff on wall street. And then asia follows suit overnight. European stocks are tumbling on upper trading this morning. It is tuesday, february 26th, 2013 and squawk box begins right now. Good morning and welcome to squawk box here on cnbc where thirchx feel a little under pressure. Im Andrew Ross Sorkin along with joe kernen and becky quick. Well, becky quick is off today. She will be back tomorrow. Global markets focusing on italy this morning. Sylvia berlusconis center left rivals won parliaments left house, but failed to win an absolute majority in the upper house. This is creating uncertainty. Berlusconi has ruled out an alliance with former italian Prime Minister mario monti. Hes arguing the results reflect unpopular discontent with stocks. We saw sharp drops, italian yields jumping. Check out early stocks in european trading. This morning,
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