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Good morning welcome to squawk alley. Joining me this morning, sarah eisen and mike santoli and the the senates new Health Care Plan in a joint statement, rand paul, ted cruz, mike lee and lee johnson say it doesnt do enough to repeal obamacare. Republicans can only afford two no votes the aarp, American Hospital association and others have also come out against this bill health care stocks, though, surging following the drafts release. Theyre on pace for the best week of the year maybe some pro...

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Slowed. Nat dak off by 1. 5 . Last week, a pretty good week for the markets, dow was up by 66 points for the week. Nasdaq was up by 1. 4 . If you look overnight in asia, nikkei, 0. 4 . And kospi up 0. 34 . Markets in Mainland China were closed. The european equities, the dax is off. Off by 0. 4 . Market is flat in france and london as well. A couple other big stories were watching today. Weve got a lot. On the economic calendar, the ism. Auto sales. Tomorrow, factory orders and the paychecks Sma...

9 rally in the nasdaq. So its pretty reasonable to get some profit taking now that the Second Quarter has begun, isnt it . The selloff this morning was totally natural, and its something that needs to happen to shake out the weak hands, build a better longterm Shareholder Base for the bull. Whats unusual is the strong rebound we got this afternoon, which only allowed the dow to close down 13 points, s p to climb 6. 2 . Some stocks moved up gigant gigantically, especially the nasdaq stocks, at th...

Just in the last 30 minutes or so here as we see these stories unfold as the gang on power lunch talked about. You have not only conflicts brewing with north korea, triang gulated with china, but syria with russia. On the ground there in palm beach. Things growing by the hour here as we prepare for the summit between president xi and trump, yes . That is correct, and cannot be overstated, bill. We are watching as the first family descends the stairs at the airport nearby in west palm beach, arri...

T overnight in asia, it was a mixed session. Japan was lower, maybe due to strength in the yen it was off by 1 . The hang seng higher by 1 . South korea was higher as well. Europe positive as well, but not by much. Look at crude oil, wti, i just saw 52 53. 71. Higher by a half percent. Brent at 56. 65, nat dgas above bucks. Here. Heres whats going on this morning. Gold prices jumped more than 1. 5 during yesterdays session, bringing the yeartodate gain above 10 . Look at this hour right now. Wel...

Points, nasdaq declined. 52 . For staters, lets stipulate that anything can change beginning tomorrow, when we have the official kickoff for earnings season as citi group and jpmorgan report their earnings. You have to understand that we have had many bullish moves over the market in the last 36 years, but every big move, every move that had really any impact, always had the bank as one of the major leadership groups, the banks are really the reason that the trump trade had such power. Jpmorgan ...

The u. S. Stocks set to surge at the open. A hectic agenda on capitol hill with President Trumps 100 day milestone looming. Taxes, health care and avoiding a Government Shutdown all on tap. Robot warnings. Alibabas jack ma is predicting that robots will make many irrelevant. And first up though, global rallies in place a day after the first round of the french president ial election. Macron and le pen set to square off in a runoff may 7. Shutting out frances traditional ruling parties. Polls sho...

Especially after a day like today, where the dow roared 232 points. The s p surged. 61 and the nasdaq ended at an alltime high. I think stocks are going higher not because of politics, but because earnings are much better than expected and the alternatives, bonds, gold, real estate seem very expensive to me. Still after this extraordinary twoday move, i want to tackle head on the notion that the nasdaq is overheated. Because the index blasted through the 6,000 level. And whenever we blast throug...