Pouring in. Abigail the bulls are out today. We are looking at yet another record high, the dow on pace for a record closing high. Excuse, the s p 500 me, the s p 500 higher but not as much as the dow. Is talkingwhat shery about, they think it is about earnings from a macro perspective. Investors are looking for 1. 7 investment growth yearoveryear. Lus, tax reform hope the one risk to the rally we are seeing this year as if something does not get done by the end of the year. One sector certainly helping today, the financials. Take a look at the s p 500 banks index, up 1. 5 . It is generally acknowledged that these Companies Put up strong thirdquarter earnings. Today we have a rally in yields, the 10 year yield up about four basis points. That tells us haven bonds are selling off. On the year, it is pretty interesting what is happening with the 10 year yield. We see the 10 year yield is out of a range that it had been stuck in below 2. 3 , now trading higher perhaps back toward the high
What explains the delay . One of a hammering out at this point . What are they hammering out at this point . It sound like they are still turning the dials. They dont have the answers yet to some of these key questions, specifically how to make what is about 6 trillion in tax cuts reduced to about 1. 5 trillion by finding ways to pay for it, so they are looking at things like ending the state and local deduction, changing text breaks for retirement benefits, a variety of things and they have not fully come up with the answers yet in a way that makes that work with the mathematical number. Next steps are the here, presuming it comes out tomorrow . Layout the next several weeks of the sausage making, so to speak. Sahil it is going to be an extremely busy few weeks. If all goes to plan, the bill comes out tomorrow, the ways and Means Committee sends it to the floor of the house. They pass it out of the house and the basin intends to operate on a parallel track. Theyre not going to wait fo
Showdown in the white house over who has the president s ear. Will have the president , sean spicer, and anthony skerritt lucci on fox newsppearing with sean hannity. Julie together . To sendhey are trying some message that there is no beef between them. But i have spoken to several sources that are suggesting this is a political win for the two who were on with donald trump before sean spicer was on board. Business, the communities have worked for sean spicer for quite some time. He is not going anywhere after. Ugust julia i was watching him in and he talks about the symmetries and realigning them. Thate are more confident he gets the trade, the market. But does he understand washington and will you have the same kind of impact on relationships there that he needs to . A top he is in environment, especially from someone outside of this city. Is white house right now full of people other than spicer, who is now leaving, who are from new york. And they have had problems actually governi
Showdown in the white house over who has the president s ear. Will have the president , sean spicer, and anthony skerritt lucci on fox newsppearing with sean hannity. Julie together . To sendhey are trying some message that there is no beef between them. But i have spoken to several sources that are suggesting this is a political win for the two who were on with donald trump before sean spicer was on board. Business, the communities have worked for sean spicer for quite some time. He is not going anywhere after. Ugust julia i was watching him in and he talks about the symmetries and realigning them. Thate are more confident he gets the trade, the market. But does he understand washington and will you have the same kind of impact on relationships there that he needs to . A top he is in environment, especially from someone outside of this city. Is white house right now full of people other than spicer, who is now leaving, who are from new york. And they have had problems actually governi
He says, that said there is no path to victory for trump. That is now pushing the phony russia story. A total scam, he adds. Garrett tenney live from washington with, what did congressman schiff have to say about the documents he looked at . Reporter well, even before his visit to the white house yesterday, schiff was already casting doubt that hed get a whole lot of answers, and afterwards it seems like not much had changed. In a statement schiff said in part, nothing i could see today warranted a departure from the normal review procedures, and these materials should now be provided to the full membership of both committees. The white house has yet to explain why senior white house staff apparently shared these materials with but one member of either committee only for their contents to be briefed back to the white house. As for the intelligence that he looked at, schiff didnt share any details, nor did he say if hes convinced that the president and his aides were, in fact, picked up