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Barrel yet again. It is a multimonth low, down another bit. And certainly today while its up 1. 5 , the question is what is the selling point of the Iran Nuclear Deal beyond low oil . Because iran will flood the market with oil it has on its land. The Obama Administration on the Charm Offensive this hour trying to work on other points here to sell. The president expected to make his Iran Nuclear Deal pitch to major American JewishCommunity Leaders in less than 90 minutes. This after israeli Prime MinisterBenjamin Netanyahu ....
Holiday shortened but jam packed week. Futures are lower. S p on a sevenday win streak. Europe relatively mixed, tenyear 224 income and spending in line. Case shiller in line as well. Our road map begins with the president back on twitter, reigniting harsh rhetoric with germany. It is a tech led rally. Amazon and alphabet getting near the 1,000 mark. The summer movie season, is it in trouble . The shortened Holiday Market week see if the s p will extend its win streak to eight. The president wrote we have a massive trade deficit with germany plus they pay far less than they should on nato and military. Very bad for u. S. This should change. It suggested german automakers behaving badly. Is it too to imstop being so polite on germany, jim . It is the European Union and germany is emblematic but you look this morning we dont want to raise rates and dont want to get off of life ....
Dramatically. Asian markets fell between 1 and 2 . In his victory speech last night trump struck an optimistic tone regarding americas future. We must reclaim our countrys destiny and dream big and bold and daring. We have to do that. Were going to dream of things for our country, and beautiful things and successful things once again. Jim, we talked to you last night before the race was actually called. Your thoughts this morning. Well, look, i think that people are going to be divided between those who say that he is pro business, not necessarily great businessman because we have people pro business, lower taxes, pro business, lower taxes are things historically that if it were anybody we would say thats good for the stock market. This is a man who likes his kne neilsen ratings. Hes very sensitive to the idea that stocks are overvalued. But at the same time i dont think he wants to hurt someones 401 k . I do believe that he has said that and has always been very comfortable with borro ....