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Secretary of the treasurys oversight. Mr. Secretary this is your first appearance before the house after the tax cut and jobs act has been signed into law. On behalf of the majority we are grateful to you and the president for your leadership and to help make this act signed into law that is historic. After eight years of failed policy that led to the slowest and weakest recovery the economy is starting to take off and wages are growing. Consumer optimism abounds. Its ironic but predictable that equity markets would swoon over the prospects of highest Interest Rates and inflation associated wi...

Meeting but it does seem hike this really is. He should have said really twice. Or at least three times maybe. This is it. Really really. This is like whackamole. Markets that go down they find a way and its a lot of times not what youre focussing on. Did you think once again well be 8 down . They have a plunge Protection Team like us but its not working at this point. Down 40 the market is over there in three weeks or four weeks. Still up 10 on the year. And 70 in the last 12 months. Its like the wild west. We shouldnt extrapolate everything over here from whats happening over there. But 180 ...

Regulatory changes, but firms are also changing their own Risk Management practices in some sense in some cases in a more conservative direction. We have seen an increase in algorithmic and High Frequency trading. That may be leading to changes in market trading practices. In the Corporate Bond market there have been increased reporting requirements that may be reducing the desired sizes of trades. All of these factors could potentially account for whats going on but we have not yet been able to figure out what the contribution of each is or just how serious. The concern is while daytoday and ...

That conference. A lot of optimism there. And well discuss why hundreds of millions of dollars are going into Alzheimers Research it still may not be enough to make any real progress. Also along musk discussing the latest spacex rocket failure right now. Well bring you the latest headlines soon as we get them. We start with our closing bell exchange. The major averages are in record territory. Territory. Mr. Willis whats moving this market today . This is another one of those days where we are hitting singles. No home runs but enough to put us over the top for the s p and the nasdaq in record ...

Washington app for updates. We want to turn to the weather and check in with chuck. Go say say that five times. Easy for you to say. Exactly. Warm day to be outside. Typical of late july in washington. Sun is out for now. There will be a chance for a couple of showers around this afternoon but fortunately we are not looking at much of a Severe Weather threat. Just a rumble or two of thunder cant be ruled out. Its up near pittsburgh and columbus right now, so it may bubble up a shower or two. Your rain chance is at 30 . Nothing locally on storm team 4 radar for now. Metro temperatures are warmi...