Antitrump bias in the democrats impeachment bench. Now one of their Legal Counsels who had testified, he said last year attacking trump planning, quote, is nothing in the steele dossier that is false. This as attorney general william barr ripped into the fbi and the Obama Administration for their constitutional fisa abuses, using that steele dossier and being the first in u. S. History to probe a Political Campaign. Ag barr also tore into the, quote, irresponsible press today. The media, for hyping the farfetched steele dossier and being inaccurate, misleading and wrong on their report on the fisa abuses at the fbi. This as the Senate Judiciary will question doj Inspector General horowitz at a public hearing tomorrow on the abuses of power under the Obama Administration. We found more much more, what the cia has warned the fbi, and when the fbi knew the steele file was inaccurate, farfetched. When the fbi knew it was all politically motivated. James comey trying to take a victory lap,
Pier taking a look at the 10 year treasury yield which is rising joe scheid to. 9 this morning. Cheryl oil prices can be a factor back in the 60 a barrel threeyear high for u. S. Drilling activity last week. Lauren in europe after falling 5 last week, the european stock indices looking for a very strong opening. The dax up 2 . Cheryl in asia stocks in japan closed for a national holiday, but the shanghai composite of three quarters of a percent. Lauren is this another sign of inflation . Are you ready to pay even more to go to a disney theme park . Fbn am starts right now. Train 25 01 a. M. In new york. Monday, february 12 00 p. M. Cheryl casone. Lauren and lauren simonetti. Its not how you open that matters. Its not the market closes. Cheryl a fun, wild ride we are on right now. The market fell 5 last week. The jump on the dow on friday and look at the futures right now rallying up to 90. Nasdaq up 70. Trains are we what investors can expect after the worst decline last week in more t
Busiest earnings day of quarter. The treasury secretary on the tax rollout. And the ceos of dow chemical and Southwest Airlines in the next 60 minutes. First up, the white house is pushing what it calls the largest tax cut and reform in history. This morning on the today show, the treasury secretary was grilled about how the plan will be paid for. And mr. Secretary, would you be willing to raise your right hand and look at the American People and say, i Steven Mnuchin promise you that this will be revenue neutral and deficit neutral . So right now, were working with the house and the senate. This is now about taking the president s principles and turning them into a bill that we can get passed and the president can sign this year so we can create Economic Growth. And were going to work closely with congress to get this done. So matt, yes, our principles are, we want to pay for this with Economic Growth and with reducing lots and lots of special interest deductions. Ive got to get your
Have a look at where equities are trading on this second trading day of the week. Mmis is the wonderful g function. Global macro movers. The ftse is up by 3 . Switzerland up by 2. 7 . Markets rising by 2 . We have a whole host of currencies rising against the dollar. Norways krone and icelands krone we should not talk about iceland since they beat england yesterday. In spain,lds falling ireland, and italy. The periphery, we have yields coming down. We have commodities rising. It is very much a risk on rally. This is the count against the dollar in the last 12 months. I have the lending day average moving for you. You know that sterling has sunk in the biggest twoday decline on record. It is over 1 . 200day moving average is over the 50day moving average. The 30day relative strength was over, that means the market has oversold. The bond market, money moving out of the u. K. Bond market. Yesterday, the yield on the u. K. Tenure fell below 1 . We had a record low 30year yield yesterday. T
Be wary of . All things to talk about coming up here. Plus, speaking to a top strategist for a take on which sectors could be big winners of the uks move to leave the European Union. And one industry really hurt by brexit has been the cruise lines. Coming up, carnival ceo with us telling us how the uks plunging pound could affect his companys bottom line in a little bit. Also, nike set to report earnings after the bell and give investors a good read on the state of the consumer spending. We will have instant analysis of those results here on the closing bell. Lets start with rebound and whether its a head fake or not. Bob pisani, what say you . For the most we are doing well and going into the end of the quarter. Just off the highs of the day. Oil is moving up, as well, in the middle of the day. Take a look at the sectors and tell l you whats important. Most beaten up sectors in the quarter moving. Bank stocks and retailers that are horrible and restaurants and thats the jets, the airl