Cryptocurrency donations for his campaign, how about that . There may be no hope to truly tame inflation. Thats a subject of the riff. Stock market bulls continue to tout Federal Reserve Interest Rate cuts but the latest fed minutes out day throw cold water on that proposition. By the way, stocks dont need any extra juice from the fed. The current rally is based on solid profits which are always the mothers milk of stocks and the lifeblood of the economy but consumers prices have increased 4 1 2 at an annual rate over the first third of the year and of course nearly 20 over the course of joe bidens entire presidency. Prices have risen faster than wages during mr. Bidens term as typical working families find it difficult to live in the biden economy. You could add on personal borrowing costs like car loans, home mortgages, credit cards, all those are not even counted in the cpi but they weigh heavily on families nonetheless. Then there is the never ending biden spending machine and the
Rebel tories are demanding the ability to alter whatever final brexit deal emerges. Into the minutes trading day in the u. S. Abigail doolittle is here. We are off to a positive start. Have more record highs then major averages. Alltime highs yesterday, and seeing it again for the dow and s p. About half a by percent. We have not had a record high for the nasdaq since november 28. We had that many rotation out of technology. A bullish start as investors anticipate the possibility that a tax bill will be presented to President Trump before the holiday break. In. Ays it is already priced if there is any sort of stall, he thinks it could have a negative impact on the markets. Today is fed day, so investors having a bullish note i had of the anticipated rate hike. This is the 10 year yield. Interestingly, it had been higher for the last cointreau days. This is the first down day in five over the last cointreau days. Over the last four days. The worldf 1 Interest Rate probability showing 98
Package to cover preexisting conditions that the deal with the higher Premiums Associated higher risk pool of potential patients whether that, a, will be enough or b, if you think about it, ends up being a slightly less omnibus Government Program than the one it replaces. It will still be big and will still be eyepopping but not be the Affordable Care act. That is one thing that republicans zoom to be united on, anything to replace a measure that the replacement itself might not be all that much cheaper. Adam shapiro with the very latest. Rolling out how this vote could go. Adam . Reporter were very close to the vote taking place. The live puck ture from the floor of the house of representatives. Debate has been underway for about an hour it has been heated at times. We expect a vote to begin at 1 00. The guidance from the majority leader kevin mccarthy, the representative from california. We expect the vote about 1 30. Louie gohmert from texas says it will be tough. 216 is the one the
Listen to what ted cruz said about getting to yes. If premiums continue to rise after we hold a press conference claiming to have repealed obamacare, that is a disaster. It is a disaster politically. Its a disaster substantiallily. It would be a failure of the mandate weve been given by the voters. Reporter take a look at three senators who are not a no, but theyre not yeses, theyre somewhat unclear. That obviously would be Susan Collins of maine, Lisa Murkowski from alaska, and rob portman from ohio. Neil as you do the math, it is simple, 48 democrats will vote no. Mitch mcconnell needs at least 50 republicans to say yes. Then he can get this through with the Vice President voting in favor as well. If he loses just one more, because if he loses more than the two, if it is three, this thing doesnt go forward. Negotiations are underway. Everybody has different concerns. Some like portman are concerned about funding for opioid at diction. Collins from maine is concerned about impacts fro
The s p getting closer to its record of around 2130 on a closing base. The dow up about 67 points but the nasdaq has not managed to gain much traction on the day. Take a look at the s p since the record closed may 21. We are less than a percentage point away from that record close. It is 2134 if you are looking for the intraday record. We will be watching to see if the s p can rate attainment. Ain it. T but get back to the nasdaq as we have seen it bounce around. It is a tight range even though it looks like a big drop and recovery. Its seem to attract does seem to have tracked pretty closely with oil prices. The pattern that you see is quite similar. Oil still hanging onto a gain and holding above 50 a barrel. It has been a level that has been difficult for oil prices to hold. Also we are watching transportation stocks. They are rising at the same time that oil is rising. Thanks in part to the airlines. Pointing out jetblue has raised its domestic fares and other airlines have matched