We will meet the victim and his lawyer. They say they are violent militant that need to be investigated by the doj. All that and much more on making money. Charles treasury secretary Steve Mnuchin briefing gop senators today about the debt ceiling budget caps or lack there of. This deal reached with the white house. Several republican lawmakers say they have issues and questions about it. After the details are hashed out, the house and senate will need to vote on the agreement, hoping to do before they leave on the august break. The question at this point how many republicans will back this deal . Here with details of the deal, reaction from capitol hill, hillary vaughn. Reporter charles, this budget deal is not the best of both worlds for republicans and democrats. A lot of lawmakers in both parties are finding some parts of this deal pretty hard to stomach. Why treasury secretary Steve Mnuchin is on capitol Hill Briefing gop lawmakers that have problems with this bill. Several have b
Nevine we could go with all three drivers, but if you are looking at the dow on track to close at a record a lot of Health Insurance stocks are helping take us there. Absolutely incredible the moves happening in these stocks. Theyve all really underperformed all year long because of all of what is going on in washington the rebate rule dismissal is really a very, very big deal because it would have made pbms extinct in the medicare world. Are you a buyer i am. I have been buying United Health care because the stock had fallen Something Like 25 from its december high, but even now down 13 from its highs. Trades at about 18 times forward system the real name to own, the levered one would be cigna, trading at a 40 discount to anthem, absurd, and they have the express skrip as a pbm the stocks are attractive, though and very under owned thats the real key here. Big moves in yields, ten year at 211 lots with stephanie to come over the next hour. Focus in on the big stories, bob is on record
For the highlyanticipated rate cut. Tech sold out. The nasdaq hitting a record high before reversing lower as big tech is under fire the white house is hosting a summit targeting social media giants can tech rally in the face of the major headwinds or is the group handcuffed so many options as to where to go guy, what do you say first of all, this is unbelievable actually no. It was years ago it is interesting that, you know, billy joel, great artist and you played potentially his worst song. I knew you would say that. Thank you. Up town girl. Excellent point. Terrible song. With that said, can you still buy tech here . I think theres still an inch you can buy. Facebook, if thats technology, will rally in energy i think on microsoft, thats fine lets look at micron real quick because i think it is where the battle line is being drawn that stock was at 32 on june 25th when they reported earnings, and the stock has rallied probably 30 since then you sort of break down the earnings guess w
50s, 60s, 70s, 80s and low 90s. We have that on shore breeze, 68 in San Francisco and it that verifies, that will be the warmest i temperature this july. They have not yet got over 67 degrees. Yesterday was 67, livermore close and San Francisco in san jose, running pretty cool. San jose, livermore, san mateo and santa rosa all bumping up a few degrees and we have system in the Pacific Northwest lifting out. That is injecting High Pressure into the four corners and putting its stamp on the fall. 50s on the temperature was 60 for some already and you will see a big difference at 8 00 already at the peninsula. 50s with low 60s and the fog keeping the 60s on the coast as it kicks in for a couple of days. Sunday money we cool down again with 60s, 70s, 80s with a few 90s. It looks mostly good. A little bit of slow traffic so lets start off with the Richmond Bridge approach to san rafael. Actually, i started with the wrong thing so lets go back to the Richmond Bridge. We can go to the east or
Between the u. S. A china will hurt a Global Economy thats already slowing and stocks lower around the world as money moves out of riskier assets and into safer ones. The benchmark yield on the tenyear treasury hit a 20month lownd stocks fell though they finished off their lows of the sessio and the Dow Jones Industrial session fell 321 points, but it had been down more than 400 points and the nasdaq dpped 60 and the s p 500 was down 19. Seema modi has more on todaysi sellg from the new york stock exchange. Stocks tumbling on an economic slowdown and the dow,p 0 and nasdaq all on pace to post their first monthly losses of the year. Trade, key concern here on wall street. It appears as if the deal between the u. S. And china i nowhere close to being reached. The worry is that growth will slow worldwe, that the investors looking for safety in treasurys and as bond yields fall, so did banking stocks. Concerns also pushing retails lo r, and the broad Energy Health care and Consumer Discret