Points and the s p is relatively flat weve been watching what is happening in the treasury market and we take a look now, well see the 10year yield, at this point, seems to be sitting at 0. 655 andrew, over to you. Just out in the last half hour, the Biden Campaign releasing a new jobs plan. Kayla joins us with more its 700 billion, kayla yes it is stemming from a 110page policy document that is essentially emerging of the left and moderate ring priorities inside the Democratic Party. It was produced. I the Campaign Said it will create millions of goodpaying jobs and reinforces some policy commitments as well as jot lining new programs that a Democratic Administration would push for including a 15 federal minimum wage, mandate for 12 weeks paid family leave, universal prek for 3 and 4yearolds and payment platforms for lowincome americans run by the federal reserve. Democrats say a Public Credit Reporting Agency is needed to provide transparent alternatives to the private sector. There
Good wednesday morning welcome to squawk alley. Im Carl Quintanilla along with Morgan Brennan here at the New York Stock Exchange. One more day of jon fortts time out west, this time in san diego at qualcomm headquarters 58 points only for the dow but well begin with uber and the expiration of that post ipo lockup period meaning that an estimated 90 of shares are now available to trade at a new record low in the stock today. It was off the lows but down another buck and change means its hanging on to 26. 78. Foundation partner paul holland is with us along with mike isaac of the new york times, author of super pumped, the battle for uber. Good morning, guys, good to see you both. Good morning. Hey, hey. Mike, because were all trying to gauge the interest in owners alleviating themselves of shares in this expiration, do you get the sense that they want to sell or are shares so underwater that theyre going to hang on . Yeah, you know, its been kind of mixed. Theres a lot of employees ive
Dow surging 00 points breaking through a key record before taking a reversal. Ayman jaggers is a of the the white house with all the information. Reporter they are trying to get steve bannon on camera to answer a mystery, did he answer questions of the House Intelligence Committee or not . We know he was there, arrived earlier this morning there are reports he was asked by the white house to not answer questions pertaining to the white house. Of course, the most interesting questions that the Intelligence Committee will have for steve bannon relate to the white house. The question is, did he or did he not answer those questions. Later on this afternoon, the white house put out a statement not exactly denying that they asked bannon not to talk and Sarah Huckabee sanders, the White House Press secretary, was asked about why the white house wouldnt want steve bannon to talk, even though she would not specifically say that they asked him not to talk. Heres how Sarah Huckabee sanders answer
It is a monday here in new york city. I am Erik Schatzker. I am Stephanie Ruhle. You are indeed. Butver the weekend, not one two producers celebrated their birthdays and neither one invited eric or i to celebrate. What does that say about the Market Makers team . We are going to begin the show with the top stories from around the world. In hong kong you have probably seen the footage already, thousands of protesters jammed the streets and battle with police. Police used tear gas and pepper spray on these protesters, who are angry about chinas plan to control the 2016 leadership election and what they say is a broken promise when hong kong was returned to the chinese. Ears ago another shakeup at american apparel, the struggling clothing chain. An interim ceo has been named. He has had other in terms jobs for retailers. American apparel is looking for a permanent ceo to replace their ousted ceo. To a persong familiar with the matter Investment Bankers are barred from trading individual s
So were 15 points away from that or thereabouts. Sure. Getting close. Apple also hitting new highs. Its like a market of its own. We have the analyst who just hiked his price target on the stock to 150 and satisfiesys this company is on the way to a 1 trillion market company. In case you hadnt heard, the buzz is theyre working on a car now. That would be one of the new projects. Well look into that a little later. Lets show you how the markets are trading today. Hasnt been the most volatile session. A lot of eyes on the negotiations between the eu and greece on the debt negotiations. Something else we will talk about, but right now the dow is up 12 points. 22 points away from an alltime high. Do i have that right . Yes. The sn is p is up 1. 45 in record territory. Look at the nasdaq 5,000plus is the old alltime high set back in march of 2000 and, boy, are we getting cleser. These are the round level that is will get people talking, talking about the tech cycle this time whats different