Josh green takes a look at what has been going on at the white house. Josh, who is one of the writers for businessweek, peeled back beyond the administration before it was the administration. We saw during the campaign in terms of who is in and who is out has only continued. We can laugh about it with Anthony Scaramucci being ousted this week as communications director. He was the fourth official to depart in 10 days. But the gravity and seriousness of this is something we need to start thinking about in terms of, if they are unable to get a hold on their own white house if it will be a revolving door if we will not be able to see stability in terms of how it is run, the leaks, how the press is dealt with, how they are operating as a white house . Is there any hope they will be able to progress with a legislative agenda. The collapse of health care, moving into a phase where they need to get something done. And they want to get tax reform done. I was thinking about coverage, we continu
Josh green takes a look at what has been going on at the white house. Josh, who is one of the writers for businessweek, peeled back beyond the administration before it was the administration. We saw during the campaign in terms of who is in and who is out has only continued. We can laugh about it with Anthony Scaramucci being ousted this week as communications director. He was the fourth official to depart in 10 days. But the gravity and seriousness of this is something we need to start thinking about in terms of, if they are unable to get a hold on their own white house if it will be a revolving door if we will not be able to see stability in terms of how it is run, the leaks, how the press is dealt with, how they are operating as a white house . Is there any hope they will be able to progress with a legislative agenda. The collapse of health care, moving into a phase where they need to get something done. And they want to get tax reform done. I was thinking about coverage, we continu
Statement he made midday today which well talk about. Meantime, how about stocks. The s p could see its third 1 gain this year just in that territory right now. Just under well tell you whats behind the move higher and see whether we can hold the gains were drifting down a little bit in the final hour here. And this should be very interesting. After the bell, james damore, the engineer fired from google because of his internal memo on diversity. Hell be talking to kelly oneonone to give his side of the story. Looking forward to that an hour from now. He hasnt been shy about it so far. Right. Let begin at the white house where President Trump is about to address chinas trade practices. Onlion javers eamon javers is standing by. Reporter should see that live on camera in a couple of moments. The president will sign a document which directs the u. S. Trade representative to determine whether or not to investigate any china laws or policies that may be unreasonable or discriminatory relate
First we start off with the market, stocks surging today, posting their best gains since midmarch. Rallying by more than 1 . Heres what was really interesting. Stocks rallied along with the dollar, along with crude, while we watch bonds sell off. Are we finally breaking out of the range and it is now time to finally give up that bear suit . Biggest bear on the desk, b. K. Oh, me . You and your bear suit. First of all the answer is absolutely not. Primarily because b. K. s not in the habit of buying into a major Monetary Policy mistake. If the fed raises rates, its going to be a huge problem. This is a one day event. We were down the other day. Weve gone nowhere. The one thing i will say that concerns me from the bearish side is everybody seems to be bearish at this point in time. You could get this fomo rally. Thats the one thing that concerns me. Beyond that, nothings changed fundamentally. We had horrible industrial numbers today. The dollar is rising. If the fed raises rates, the do
Getting better . What if the Global Economy is truly gaining momentum . Hey, thats what were starting to hear, but few people seem to be listening. Im certainly paying attention, though. Especially as the dow reaches an alltime high for the first time in over a year. Hallelujah the s p sets a record close for the second day in a row. That was easy. Bold claim. Things might be Getting Better but how about i give you some evidence . I always tell you to listen to that alcoa conference call. So many uses. Alcoa is plugged into so many end markets. Better than any economist at any Brokerage House thats ever going to give you. Last night alcoa painted a truly remark bl picture of a world on the move. Ceo klaus klein fell has been talking about illuminizatoin. Replacing steel in car parts, expected to grow at a 20 climb at least until 2020. Kle kleinfeld knows about autos. Unequivocally bullish. Strong demand not just behind us, but ahead of us. Much more important, though, remarkable reads