Page 16 - First Options News Today

Message from House Speaker paul ryan during his press conference. Also ways and means kevin brady said he is not discouraged and is moving, quote, full speed ahead on tax reform but the problem here is that health care and tax reform are connected by the complicated math of the federal budget. Ryan and brady have both pledged that tax reform will be revenue neutral. That means it will not change how much money is flowing into feder federal coiffuers. Theyll bring in 31 trillion over the next dec...

Numbers under current law the Budget Office estimates the government will bring in 41 trillion over the next decade but repealing obama care would have reduced numbers. You dont have to raise new taxes to make up the difference. That was basically a freebie. Now thats a very different conversation than tax reform. To keep it revenue neutral theyll have to offset any tax cuts with tax increases somewhere else. Its much easier to do that if you are trying to hit a goal of 40 trillion instead of 41...

Happy monday. Im melissa lee. The dow was down about 184 points at session lows. The nasdaq has turned positive thanks to strength from biotech names like regeneron. The worst performing sector, down by half a percent. Well have much more on the bank selloff straight ahead. Here is what else is happening this hour. Some news you heard exclusively here on cnbc, sources telling us bill gross has settle his lawsuit against his former employer pimco between 75 million and 100 million. The number aro...

Overall. You can see germanys dax regaining some of the losses, france is the only major indices in the red right now. The tenyear note yield very important, one of the reasons why the financials have performed so poorly and there is that yield, down just a bit, 2. 362, although this is right around where we were yesterday. As for oil, up and up rather nicely. And the latest s p case shiller home prices report, prices up 5. 9 in january compared to a yearni year ago, faster than the 5. 6 economi...

All right, thanks, melissa. As you can see behind me stocks are back in rally mode after the highest Consumer Confidence reading since december of the year 2000. The dow aiming to avoid its first nineday streak with the big movies that year, 1978. Why pimto . Why not . The s p 500 trying to dodge an eighth loss in nine sessions. Check out the big movers, carnival cruise, it tesla rallying 3 , chinese internet buying 5 of tesla, and spice maker mccormick down about 2 after a mixed quarter for the...

Ready full throttle to go back to health care. More importantly this was. Well Work Together and listen together until we get this right. It is too important. Obamacare is a collapsing law. Obamacare is doing too much damage to families. So were going to get this right. Meantime well do all of our other work we came here to do. Neil all right. That on top of what was some pretty good Economic News prior in the day. Big jump in Consumer Confidence. Big jump in the caseshiller home price index. A ...

There. The price going up a little bit and the yield coming down ever so slowly. Road map this morning starts with the historic day for the eu. U. S. Markets as you just say are mixed at the premarket. The uk formally begins brexit negotiations to which britains Prime Minister said theres no turning back. Plus, betting on robots. The largest money manager blackrock changes the ways it picks stocks. And President Trump expected to sign a bill that clears the way for providers, your isp providers,...

Market. We stay foe cut focused. As we should. Talking about our bond market hanging around that 2. 3. Under 2. 4 in terms of the yield. Thats been kind of the constant so far this week. You can see where we are on oil. Lets get to the road map this morning. Russian denials. President Vladimir Putin telling cnbcs Geoff Cutmore, quote, read my lips, his country never interfered in the u. S. Elections and calls the allegations lies and provocations. Plus, were keeping our eye on the Global Economy...

Cnbc interview with wilbur ross. Nafta letter, of course, laying out where this Administration May be going. In the meantime, the high stakes ecommerce war between walmart and amazon is ugly. Recode with a new story about that this afternoon. The reporter behind that story joining us in just a few minutes. Its like an episode out of steven kings the stand. That stephen king . Yes, not the one from yesterday. Lets begin with the big interview on cnbc this morning. Jeff, our colleague from cnbc eu...

Might have the bear buying the stock. Cramer will be here in moments. First we start off with a Surprising Development with the trump trade, with the quarter about to end, check out the winners of 2017, tech is up 12 . Health care is up 8 . These were the two sectors that wall street thought could suffer under President Trump, on the full size, energy, financials, go sectors people thought would flourish. They are trailing the s p 500, as the trade seems to be morphing. You stick with whats work...