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Everyone. I want to thank my colleagues, two wonderful colleagues, for joining me here today. As everyone knows, President Trump put down his phone for an hour to come to the Senate Republican luncheon to talk tax reform. Unfortunately, what the president says about tax reform has been correctly characterized by senator corker as untruths, and corker was being kind. Lets review a few of what the president says that is totally divorced, what the president says and what the republican plan does are polar opposites. The president said this is not a plan for the rich. Blatantly untrue. Untruth number one that this plan is not a plan for the rich. It repeals the estate tax, which benefits the 11,000 wealthiest estates in the country, each one more than 5 million. It lowers the top rate. Untruth number two. Allowing hedge fund owners and big law firms to take advantage. Three, ....
30 minutes into the training day here in the u. S. As i mentioned, julie, we have the job numbers, but the market is not doing much at the moment. Julie we are very little changed. I wanted to mention some other Economic Data thats not passed us. The idea some reporting its nonmanufacturing index as well today coming in at 68. 150. That is what economists have been predicting with factory orders rising 1. 4 . Durable goods orders up 2 , and if you look at the ex transportation number, that is gain of 0. 7 that is a of 0. 7 . Member 50 is the dividing line between growth and contraction. So it is 60, well above that level. It looks like that expansion is the fastest pace since august of 2005. Ares are short of sort of shrugging off this news. We still have hurricane noise in those numbers. We will get more analysis from diana in a few moments. But if you take a look at equities and across the rate market, and the 10 year yield, we s ....
Said, this tax policy could end up in the policy trade jar of 2017. Theres a lot to do to get that through the United States of america. European equity markets are higher this morning. A couple of key stocks reported as well. Slightly better off as well. Opening sweeps on air france stock. 39 , tourism up rebinding, higher fares helping the market. In you will get a supply chain you want to understand and see the apple story. Its usually going to be long. Try to convince anna edwards to sit and sleep for me. It will keep we will keep a response. Energy is up. That will be on the back of a couple of things. Oil is moving. 88 , profitability up 88 . Profitabilitythat 706 million. Seeing a movement in the energy space as well. A lot of that priced into the eurodollar relationship as well. Bottom of your screen, 7. 92 . What are European Fund managers focused on . The stock market ....
Good morning. Im mike santoli today in for wilfred frost. Lets get to the markets. Glad to have you today. A lot going on. U. S. Equity futures after a record close did not take much yesterday, but the s p and nasdaq finished at record levels. Dow futures are looking up more than 10 points this early morning. S p futures up a half point. Nasdaq futures up almost 2. As for the tenyear treasury note yield. Yields ticked a bit higher that boosted the dollar a bit. Still were hovering below 2. 40 on the tenyear. I guess thats an improvement from the 2. 30 level from last week. Its grinding slowly higher like the equity markets. Asian equities overnight, generally a mixed picture. We have the markets in south korea closed as they elect a new president. Japan was down, hang seng was up. The korean vote comes after the former leader was ousted on briarry charges. Polls close there at 7 00 a. M. Eastern time, in a couple hours. A live report in a few minutes. We have a chart issue. Why dont we ....