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Time in history. Instead it rallies to new highs dow gaining 256 points s p climbing 1 . And while that may seem crazy, theres actually some very good explanations lets start with the negatives, though first there was this mornings tweet from the president , meeting with chuck and nancy today, of course, chuck schumer, nancy pelosi about keeping government open and working. Problem is they want Illegal Immigrants flooding into your country unchecked. Are weak on crime and want to raise taxes substantially. You know at most times the story like that about a potential Government Shutdown would have sent the stock market into a complete tailspin. Government shutdowns are synonymous with lower stock prices even if the democrats hadnt canceled their meeting the rally over this could take weeks, months secret that tends to weigh on the stock market. But not this stock mark ....
Missile launch there the last hour or so lets get to eamon javers at the white house to sort this out for us eamon . Reporter were expecting to hear from the president in the roosevelt room at the white house. We dont know what topic hes going to be speaking on. This is a moment where theyre allowing the press pool to come in to a previously scheduled meeting. That meeting was going to be with democratic and republican congressional leaders, but after the president tweeted about the Democratic Leaders earlier this morning and said he saw no hope for a deal with them, the democrats backed out of this meeting. The republicans are still tae attending. The white house says the invitation is still open for the democrats to come to the meeting. You can expect well see a few empty chairs in the meeting where nancy pelosi and Chuck Schumer would have been sitting. The president mi ....
To prevent these types of things. We talked about it here numerous times and going to continue moving forward in that process. Thanks, guys. Reporter anything on davos . Liz press secretary Sarah Sanders addressing the shooting that happened of course yesterday, that School Shooting where two children were killed, and another 18 were injured. This, of course, was just a horrific situation and there was a tussle and verbal discussion regarding that kentucky shooting. We are watching a whole bunch of metrics in the wake of that very newsfilled news conference. The markets trying to come back here perhaps on the news that Sarah Sanders revealed. Thats that the president will reveal his infrastructure plan this coming monday. Supposed to be a trillion dollars. The dow now up about 43. At one point, shortly after 1 18 p. M. Ea ....
Well good morning to you. Great to have you back good to be back lets get to the Global Market picture this morning. Coming off a day where we did enjoy the rebound that we flirted with the day before, it was led by the nasdaq which is up over a percent. The s p was up about 0. 4 the dow up a quarter percent tech was a big part of the rally, so were financials. Banks rallying for two clear and simple reasons, yields were rising, thats good for banks. Talk of tax reform which is good for banks. This morning basically flat. A mixed picture. A bit of green and red on the three main indices tenyear treasury for you, yields were rising yesterday back to above the 2. 3 level. 2. 34 not just a domestic story. Yields have risen around the world this morning the tenyear treasury note, tenyear bund yield in germany back above 50 basis points just below that level now. The place thats seen yields rise significantly during september is the uk, ....
Happening in washington and focus on wall street the capital can be a disturbing side show. The truth is, theres a tremendous disconnect between what our leaders are doing and what our stocks are doing. That really matters. On day like today with dow gaining and s p advancing. 12 to record close and nasdaq ending flat, very much in the grips of washington. Even though after you hear this top monologue, i think youll agree we shouldnt be. First complain how political news interacts with stocks in general and then drill down to the specifics. Facts. Biggest single legislative push out of of washington this year is effort to repeal and replace obamacare. Maybe thats not how President Trump wanted it to play out. I think he favored tax to promote economic growth. Did he compromise with republicans in congress . Did his allies hijack the agenda because hated obamacare so much couldnt think straight . Doesnt matter now dodge. If you he ....