Europe up more than 1 , benchmark yields relatively stable around 1. 29 futures point to a strong open as tax reform rolls through congress. We did get the meg amerger, cvs health is buying aetna it is the largest deal. Broadcom taking First Step Towards a hostile takeover of qualcomm 11 nominees to qualcomms board. Futures rallying after the Senate Tax Reform bill was passed Early Saturday Morning. Next up is conferencing the house and Senate Versions of that bill. Republicans expressing optimism, theyll get a final bill to the president s desk by christmas and a lot written over the weekend suggests theres more similarity than differences. I think where we were midday, the report that caused one the suspension of brian ross, and a belief that nothing could happen and the senate could fail, we got a classic tip down 350 points it turned out to be once again an amazing buy opportunity and now, a lot of analysts will be stuck raising numbers i say stuck because theres so much people who
Then one of our most eclectic fed president s, gary stern with firstrate academics. I would suggest out of minneapolis, a really unique, regional aspect, minneapolis economics. All of the fed Bank President s take on greater importance, because there are fewer people on the board, which brings me to my question. A lot of people have suggested lotyou were a fed staff, of people say the fed staff runs the fed, especially in the absence of a lot of governors with academic and economic credentials. Is the staff going to be pushing jay powell around . Should we be looking to the head of the Monetary Policy division for guidance . I think it would be a mistake to try to push him around. He is pretty solid and hes been working hard. Hes been around Financial Markets and policies since the 1990s. He was in part hired for the job because he represents continuity. The destiny that he will be his own person. How much can he be his own person in the face of 12 regional Bank President s who as voti