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Tick tock on debt clock, the Treasury Department theyre warning they will run out of money by this friday. Congress is split on what a deal should look like to get us there. John harwood with the latest. The house is preparing to vote on a bill tonight that has been adjusted from what house leaders described this morning. It was adjusted in ways that squeezed harry reid, democratic leader put more pressure on him. How did they do that . They provided a shorter extension of funding government when they reopened the government to september 15th. Thats what harry reid wanted, a very short one to negotiate changes in the sequester. They kept the february 7th date for the debt limit increase, which is also what harry reid okayed in his deal with mitch mcconnell. They dropped the delay in medical device tax, which is something democrats objected to. All those things are designed to put more pressure on reid and make it more difficu ....
S p 500 also at a new ale time high of 1781, up 14. 25 points. The dow and s p closing at alltime highs. Bob, this meltup keeps happening. Dow jones industrial average, we were weak throughout the morning. Frankly going into european close around noon it started lifting. Not a lot of big macro news out there but Janet Yellens testimony tomorrow creating considerable question. May be more dovish than some anticipated. We dont have that testimony yet, but that was a source of a lot of speculation today. A lot of groups that have beaten up, moved to the upside. Good news on the fundamentals on retailers, macys had a terrific day. 3. 5 same comp sales moves. Nordstrom reporting tomorrow. Walmart also reporting as well as kohls tomorrow. Internet stock, high beta names moved up but emerging markets down again. Seven, eight, nine days in a row they are been to the downside. Many down double dijs over the last two weeks. A rare ipo disapp ....
Rob Chandler wins back seat on Barcaldine Regional Council after successful election. Learn about his plans for the community and renewable energy projects. ....
California Financial Advisors, based in San Ramon, CA, is ranked No. 30 on the 2023 CNBC Financial Advisor 100 list. The firm also appeared on last year's FA 100 list. ....