Then last week on 4th of july, no less, congressman amash shocked political world again, he wrote an oped in Washington Post that reads in part. Today i am declaring my independences and leaving the Republican Party. No matter your circumstance, i am asking you to join me in rejecting the part son partisan loyalties and rhetoric that divide and dehumanize us. During a parade on same day, in his home state of michigan, he explained his reasoning. We see too many people trying to find but that means is shallow that leads to hyper partisanship that is driving wedges, truth is that most americans are not political, they are not super partisan, and despite what social media and plain old media might have you believe, there is more that unites us than divides us. Far more. But back to calls for impeachment, sunday, congressman amash reiterated his belief that donald trump needs to go. From a moral position, she is making a position, from a strategic possession, she making a mistake, if she b
Turned on him. Then last week on 4th of july, no less, congressman amash shocked political world again, he wrote an oped in Washington Post that reads in part. Today i am declaring my independences and leaving the Republican Party. No matter your circumstance, i am asking you to join me in rejecting the part son partisan loyalties and rhetoric that divide and dehumanize us. During a parade on same day, in his home state of michigan, he explained his reasoning. We see too many people trying to find but that means is shallow that leads to hyper partisanship that is driving wedges, truth is that most americans are not political, they are not super partisan, and despite what social media and plain old media might have you believe, there is more that unites us than divides us. Far more. But back to calls for impeachment, sunday, congressman amash reiterated his belief that donald trump needs to go. From a moral position, she is making a position, from a strategic possession, she making a mi
Tom and john are both on a cruise together. I am joined by manus cranny and damien suss our. Manus you will get a lot of guys side notes. Where do you want to go for defense . Lets go long with amazon. I think the street has 65 vibrating and one hold rating. Lisa i was looking at some of the flows and there was the biggest inflow into tech stocks for the past week in the past eight weeks. It feels like i the dip underpinning everything. Maybe this excuse to sell everything yes its geopolitical. Manus when we came in here on monday morning we ratcheted by 15 basis points. Look at the shorts on treasuries and they are building again with open interest bond treasuries. They are rebuilding short positions. Damien rate differentials are the name of the game. We have a lot of Central Banks meetings coming up, we have malaysia, norway. In emerging markets theyve been in front of the fed on cutting rates. Lisa they have been ahead of the developed world banks. We will get the pce figure. How m
Other indexes. And a new blend. Keurig Green Mountain agreeing to a buyout and those shares are absolutely soaring. Lets get straight down to the trading action this hour. Bob pisani is joining us from the flor of the new york stock exchange. How much of the stock markets drop is due to whats happening with oil and Energy Stocks . Oil and the fed are the two things motivating the market right now, but the problem is there is no trend and thats causing a lot of confusion in the last few days. Just look what the dow has been doing since thursday. Thursday the dow is down 250 points. Friday the dow is up 369 points. Today the dow is down maybe 200 points, we dont know where its going to end up but right around there. Is your head spinning . Mine is. And the Trading Community is having trouble figuring out where they want to go. Fed and oil two big things. You mentioned some big oil names. Theyre all down 2 , 3 . But were hitting a lot of new lows in some of the smaller names, particularly
The tech the tech and Telecom Industries agree on a few regulatory matters. The internet is not the telephone network, and you cannot apply the old rules of telecom to the knew rules of internet. Three weeks three weeks ago three regulators turned their back on that consensus i i believe the internet and its users will ultimately suffer for it. The debate illustrates the importance which makes it all the more amazing that congress has not reauthorized. Since then representative marks bill was passed a quarter century ago. The situation i i intend to rectifying this congress. Todays hearing marks the beginning of the commerce communitys efforts to write and pass legislation to reauthorize. Contentious matters like title to divide the membership of this committee reauthorization is an area where i believe we can and should Work Together. It should not be a partisan goal. Both sides of the aisle have common sense ideas to make the agency more responsive to the needs of consumers, congress