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Summer. Coming up on this program to is a male hills for success in securing a brexit deal. This is good news for those who voted for me and good news for those who voted for may were worried we would clash out of here. Eighteen months on from the referendum results of Prime Minister scraped through phase one of the negotiations. Basing claim to their pushing people into poverty and destitution minister make changes to the welfare benefit universal credit. No government is perfect, brexit is not perfect but by god we Work Together and will make it [inaudible]. In his budget the chancellor announces of firsttime buyer but Opposition Mps reckon its cold comfort to the sluggish Economic Times ahead. Before the winds of brexit hit us the position for millions of people t ....
David time for our daybreak first take. We discussed the top three stories of the morning. First up, equities on the rebound. Second, the outflows from the bond funds. Rd, dreamers did not third, dreamers. They did not get to an agreement in the senate. Michael mckee, we want to start with u. S. Stocks. We are back where we started the year, despite the turmoil. U. S. Stocks are where they started the year. Much. An stocks, not so they have lagged behind. Are we in the midst of a rate hike tantrum. We had seen a thin reaction. There are two points here. Performance in five years, that is silly. We went down, we went up. If you are looking at this, you the to see, not so much absolute level, but what kinds of things are being bought and what is being sold. Other assets are highly risky. Did come in and clean out the safelyso you can more move up. Make the case that equities can still rise. What happened the last couple of weeks, was it a tantrum or did weeks the constructive moves . Has ....
League baseball. The world series coming down to game 7 had to be. Were going to talk to christopher maddog arusso about the finale power lunch starts right now if all that laid doubt was not enough, will the fed stop this incredible market rally or keep the easy money flowing. It is flowing now. A new month, mostly same trend the dow hitting record high. See the nasdaq turn low earlier. It was up. Some of your individual movers today, estee lauder about 10 . Company did cut its forecast and garmin up about 5 investors taking a big bite out of papa johns pizza that stock down 10 after lowering its guidance. Papa johns saying the nfl and its leadership hurt the company by not resolving the protest taking place people watching the game and people ordering pizza. President trump speaking a short while ago as he gets ready for his big overseas trip to asia. Tax reform and the next fed chief is among his topics. Thats right. This came in a New York , United States , San Francisco , Al Qahirah , Dodger Stadium , Los Angeles , Janet Yellin , Janet Henderson , Chris Russo , Steve Taylor , Papa John , Colin Langan , Janus Henderson , Estee Lauder , Pete King , Bob Pisani , Kevin Brady , World Series , Power Lunch , Papa Johns , Hurt Company , Cabinet Meeting , Held Today , Gary Cohen , Big Laugh , Hes Country ,
Center timing out some storms. We are 20 minutes away from the sun coming up right now. And dark icons out there, but it is getting brighter. A beautiful start to the day. 65 in boston. 4 in lawrence over to beverly. 64 in plymouth. Lower 60s in worcester and national New Hampshire. Upper 60s across the outer cape. Quiet weather but this mass of clouds and storms is going to pass through this afternoon. What you will find here, your hourbyhour forecast for boston, 8 a. M. 70 degrees lunchtime at noon, 81. Here comes the clouds. We have increasing clouds during the afternoon leading to just after 4 p. M. , the threat for thunderstorms in and around the boston area and that is where we will drop temperatures. As the rain moves in, temperatures will cool. Up ahead of the rain, 84 to 88 degrees with those gusty afternoon storms. We will time them out hour by hour coming up. Julie grauert is here with weather and traffic every ten minut ....