Back into the black before drifting lower once again because bond yields continue to climb. And as we saw last night, the charts are still very much against this market, which is why the dow only finished off pretty hideously, going 105 points, s p slipping, nasdaq declining. 38 . The house of pain. It was like we rallied back up to the top of the cliff and said, i dont know, what the heck do we do now . And then we decided to walk back. We didnt jump this time. Although the averages still got whacked because we had nothing to buy when we reached the summit. Before we get to why the market bounced back but then returned to lower levels, we have to spend a moment talking about the instant reaction to the fed minutes. One month ago, the fed debated about what to do about Interest Rates. She they continue to buy bonds . Given the dramatic rise in the rates by the market itself, well, maybe they had to do something or maybe the attempt has failed. Or should it slow down the bond buying, ta
Coke ver cusus pepsi, one firm,e 35 billion deal webetween omnim and publicis. Far from the only deal. Saks is going to be bought and the battle over Pharmaceutical Company elan ends with a big bid from perrigo. The second half of earning season, hertz and wynn in focus. The hertz ceo will join us as well. Help wanted at amazon. The Company Announcing today it is adding more than 5,000 jobs across the United States. First up, deals involving highend retail and pharma in the fix today. The biggest deal u. S. Based omnicom and publicis group, a merger of equals. The new Company Worth 35 billion and will be the Worlds Largest advertising firm. However, the deal is expected to face intense regulatory scrutiny. Live with the ceos of omnicom and publicis later on squawk in the street. In addition, perrigo and elan and saks and hudson bay. Merger monday . Yes. Yes a merger monday. Got to go there. Thank you. Welcome. Dont believe it is that is it a sign of things to come. Certainly theres a p
Thinking isnt a guns situation. When all in starts right now. Good evening from new york. Im chris hayes. One week after we learned Robert Mueller had brought indictments against two top trump officials, announced a guilty plea for a third, all eyes on a former highranking official in the Trump Administration itself, Michael Flynn. A man who spent 24 days in the white house as the president S National Security adviser. Nbc news exclusively reporting that shmueler now has enough evidence to file charges in the investigation into flynn and his son Michael Flynn jr. , according to multiple sources familiar with muellers investigation. To be clear nbc news is not reporting who might be charged, only that there is sufficient evidence to file charges in that investigation. Three sources tell nbc news that investigators plan to soon speak with multiple witnesses to gather more information about flynns lobbying work, including whether he laundered money or lied to federal agents about his
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Staff in russia by 755 people. And on the day that trump signed the legislation, Dmitry Medvedev went on a tweet storm saying the Trump Administration has shown its total weakness handing over executive power to congress in the most humiliating way. That was five days ago. And we have been looking to see how the transportation would react to this latest move from russia and until today the response had been space basically silence not even a twitter clapback. There has been no response from the administration until today when following a weekend meeting with sergey lavrov, secretary of state Rex Tillerson announced the next u. S. Steps. I told the foreign minister that we had not made a decision regarding how we will respond to russias request to remove u. S. Diplomatic personnel. We had i asked several clarifying questions to ensure i understood kind of their thinking behind that diplomatic note we received but told him we would respond by september 1st. That is Rex Tillerson saying t
Donald trump signed a russians sanctions bill into law. Unlike other pieces of legislation, there was no elaborate signing ceremony. The president signed the sanctions legislation, which was passed overwhelmingly by congress in private, out of the public eye. Prior to the signing russian president Vladimir Putin announced that russia would retaliate for the sanctions by ordering the u. S. To cut its staff in russia by 175 people. And on the day that trump signed the legislation, the Prime Minister went on a tweet storm including this, quote, the Trump Administration has shown its total weakness by handing over executive pow tore congress in the most humiliating way. That was five days ago and we were looking at how the administration would react to this latest move from russia and until today the response had been basically today. Not even a patented donald trump twitter. In fact theres been no response from the administration at all, that is until today. When following a weekend meeti