We ended last week strong coming off a very weak base last week the best week since 1932, well, we continued some of that momentum today. The dow ending the day up 690 points pretty much most stocks you look at they were higher today we will get to those, the one thing that was not higher continues to be oil. Down 7 as well. Well get to more on oil and what it may be signaling throughout the show. Welcoming. We are pleased today to be joined by guy adami and dan nathan for the entire hour, we welcome in emily roland of john hancock financial. Its good to have you back here on cnbcs fast money you said it seemed like the indiscriminate selling might be over, that gave you some comfort, were you more comforted by todays action . Yeah, and its great to see, great to be here i have to give a huge shout out to everyone in Englewood Cliffs for making this possible to getting us all on. Thank you. I hope everybodys safe obviously, and number three, yeah, i take a lot of comfort in the fact th
Reserve. At t looking to start a screaming servicebut with a price tag that has investors very happy how about europes big one auto talk to the tune of about 50 billion. A busy one on wednesday october 30 as Worldwide Exchange begins right now good morning, good afternoon or good evening from wherever you might be watching. Im Brian Sullivan yesterday, we did see the s p 500 hit another record looking similar to the way they looked yesterday dow futures, lets call them flat all ahead of the fed that Rate Decision due at 2 00 eastern. A rate cut certainly possible. Dow futures on a holding pattern. Waiting for the fed. Bond could react to the yield at 1. 38 . Japan cant go up every single day. A down day overnight the nikkei hitting a 52week supply keep an eye on japan the Chinese Market lower noticing a trend, the trend is not really a trend a mixed bag in the markets one that we have been talking about a lot. The other is the fed first the earnings we are talking facebook, apple, star
For a few months ever since they proved that section m14 noticed proved that section 1414 noticed where they declared themselves bankrupt. We are at a point now where they have to make £300 million savings for the next two years and if they dont agree this budget they will be bankrupt. The money will run out and people wont get paid. They are gathering in the Council Chamber, we think they will Start Talking about the budget in about 20 minutes or half an hour. You will hear a lot of different politicians talking. Labourwill hear a lot of different politicians talking. Labour will probably blame the conservative government for the reduced income its had, the lower grants over recent years in terms of austerity. The conservatives will blame labourfor austerity. The conservatives will blame labour for its botched introduction of the oracle Payroll System which cost over £100 million and its failure to deal with equal pay abilities which are closing on another billion pounds. We will pr
Recognition between the parties. All time shall be equally allotted between the parties and in no event shall debate continue beyond 11 50 a. M. Each member other than the majority and minority leaders and minority whip shall be limited to five minutes. The chair recognizes the gentleman from illinois, mr. Gutierrez, for five minutes. Mr. Gutierrez id like to be from alabama today, but im not. The ave asked me to take button off. The button off. That only makes a point. It might not be a button on, its 122, people with daca lose their protection from deportation. They lose their government issued identification that allowed them to stay in this country and work legally. Daca is the deferred action for childhood arrivals program, and the president ended in which will completely expire in march. Lets be clear, people dont have until march. People are already losing their daca coverage on a daily basis. So when reporters and collisions say that congress has until march to enact the dream
Metals yet. Looking at some of the names like the metals of the world. A trade of mine for the last couple weeks. All there has been is paper. U. S. Steel, i think if there is going to be 1 trillion dollars and different rationale, i think those names still have up side from here. I totally agree with what pete is saying. Reflation trade was alive, still going on. I think the dollar is capped. I think the dollar actually may get some headwinds effectively from the ecb tomorrow. I dont know that theyre going to taper. Not going to talk about tapering. I think there is a message in there. Reflation trades continue to work. Financials, absurd move. In fact, the great rotation is on. If you think about where financials were, in 2006, 22. 5 waiting in the s p. Right now about 15. So is there room for where people are very, very underweight . I have spoken to a couple wire houses today . People are nervous they have missed a lot of this rally. And i think there is more of those people out th