The white house denny behind the president and also suggesting they have not lost any significant republican support. Some critics have report have emerged, including mitt romney, but largely democrats are hoping to have articles of impeachment by thanksgiving and have the vote in december or around that time frame, which means this could be settled by the end of the year. David there is also the question of subpoenas from capitol hill to the white house for various documents. I understand the white house is pushing back, saying you should have a formal inquiry of impeachment, you have to vote in the house first. Why is that important . Kevin they are continuing to say let the courts handle this. Democrats have issued subpoenas from the state department all the way to the Vice President with the various house committees there in investigating this. Is theond Point Administration feels confident this is being handled in the political realm. They do not view it as as he did get wrist out
S p 500 as we ask whos next . And demand surging ahead of the reddit Public Market debut. And the ceo shakeup after the botched bet on electric vehicles. Its monday, march 18th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you so much for joining us early on this monday. Lets check this hour off with the stock futures with the s p 500 and nasdaq coming off the first backtoback weekly losses since october. You see the s p 500 is firmly in the green. Implied opening up 21 points. Die Dow Jones Industrial average is in the green. Investors are gearing up for a big week for the markets and a bigger one for Central Banks with more than 20 Interest Rate decisions on tap. Bank of england and bank of japanese and Federal Reserve. Lets get a check of the bond market with yields near threeweek lows. Twoyear yield is lower and the tenyear treasury yield is 4. 3 . Oil is holding above the 80 a barrel mark. Wti this morning is up.
Getting a carryon of this sanguine sentiment coming through from asia overnight, we had some exuberance yesterday after hitting fresh record highs. Our hopes that we could get up three chris is tax reform surprise prechristmas tax but are concerned about a partial Government Shutdown if a deal is not reached by next week. Over all we are seeing a pickup in the markets. One thing we are watching his commodities. We of course have a situation where it has been a extraordinary bull run when it comes to commodities so far this year and a lot of it has in down demand in china continuing to pick up. We are going to be looking into the question of whether that will be coming to an end, ryan, given that we are seeing the Housing Demand pull off in china cool off and china. In north korea, sanguine reaction when it comes to the equities markets in asia. You can see on the chart, we ave had the increasingly repetitive indications that the missiles have gotten more advanced incapability or nuclea
History. Stocks posted their fifth day of gains despite points toward a pick up of inflation. Stocks soarth. Dow jones industrial average advanced 306se points to c back above 25,000. Theasdaq added 112. And s p 500 was up 32. Just as theselloff happen at break neck speed so did theco ry. Mike santelli has a look at whether the bulls are back to stay. Is a five day rally in stocks moving a bit too fast or is this a recovery from t Market Correction . Conventional wall street holds that steep pullbacks usually take weeks or more to recover after an initial bounce. Thendex is slipping back to recent lows after a retest or a base building process. The pattern could unfold in coming weeks but the chance for a quicker rebound toward the late january highs cant be miss dismissed right now. The history says the fasr the drop the quicker it can be recouped. The recent tumble was the fastest from an alltime high in 80 years. There was also theeverse selling of funds on volatility being low. The
Drama in the Health Care Sector today. That group was the worst performing sector in the s p 500 on growing uncertainty over the republicanled health care bill, as senate gop leaders were looking to nail down final votes on their effort to repeal the Affordable Care act. Unitedhealth was a big drag on the blue chip dow index as a result today. But then just after midday came that statement from senator john mccain that he would vote no on the measure. That followed reports that fellow republican senator Susan Collins is leaning against the bill. And with the chance of passage declining, stocks moved. Health insurers including unitedhealth pared some of their losses and finished mixed. Hospital stocks got a lift by the end of the day. And the Dow Jones Industrial average lost just nine points, well off lows of the session, closing at 22,349. Nasdaq added four. The s p was up one today. And then theres apple. It had a rough day, capping off a rough week, its worst in the last year. The l