the u.s. is doing relatively well. it looks reasonably stable. the u.s. is simply in a better place. the economy has continued to grow. yes, gdp was higher, but the devil is in the details. you have to strip out all of the noise of trade and inventories. inventories and trade, that is not indicative of the underlying economy. underlying demand was weak. business investment, pce cooled. the u.s. economy is decelerating. definitely a deceleration from where we were last year. nowhere close to recession. jonathan: joining me around the table is matt hornbeck, greg staples, and from london, ian steely. ian, let s begin with what must be the most hated 3% read of gdp in america in recent memory. why? you say it is the most hated, we have stocks up, treasuries up, but everyone seems to like it on the markets side. it is one of those, you beat expectations, but the mix of it was not great. it shows what people have been saying, we are in the slow trend-like gro
i m going to be interested in the contrast between monetary policy and the skinny budget. the first budget from the trump administration, it will be fascinating to see. alix: and dynamic scoring. here is where we are stacked up. 2.5 hours before the open in the u.s. equities softer, s&p futures off. 10-year yield on the margin, the basis point down. 1% ascatching a bid, up 1. the pound recovers. euro-pound was down for a while and is now reversing. i m taking a look at where volatility is nowhere, up by just .5%. goldman sachs says buy copper and oil, market not listening. a 60 losing streak, the longest since november. kicking off this big week for central banks, our guests. to me, the big question is 2018. it shows the possible rate hikes the markets are expecting. for 2018, we are just over to michael. what is it going to take for the fed to move that line? it s going to take more clarity on the fiscal front. an interesting disconnect is it being pulled up on fiscal bu
authorizing prime minister may. we trade, to where a half hours until the open. robert shiller robert shiller coming out and saying stocks are way overpriced. s&p futures off by three points. over 2.6%r yield around the highest level since 2014. the dollar is a touch stronger as well as crude. i want to focus on what is happening in the u.k.. you have the ftse 500 moving higher despite the fact the pound is getting hit or because the pound is getting hit. up .5% and dollar pound #can dollar at an eight week low. he have to look at that weather you have to look at that to see i would be remiss if i didn t touch on valiant. this is a two-day chart all what happened yesterday when we heard they were selling out. that stock down 15% in nearing the record lows. how low can it really go? we will dissect to that later. david: he doubled down and now it does it did not work out. alix: so much drama for so long and now he does it. david: this morning in england, we had sur
Maryland, the District of Columbia and 40 other states are suing Meta alleging that its platforms cause harm to children by building addictive features, Maryland Attorney General Anthony Brown announced Tuesday.