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By that of the nasdaq as it is rising more than 1 . Tech shares accounting for a decent amount of the game. The gains are relatively broadbased as people get back to work today. Among the fang stocks helping account for the rise today weve got netflix on the rise. We also have some of the content and broadband providers on the rise as well. Disney, dish, Discovery Communications and charter communications. Mccrory looking at the media landscape for this year emphasizing the idea that content is king and that some of these content creators are going to do better. Fox buying more content. Various eitherer of the pipes, providers of the access to overthetop networks or to the providers of content like discovery themselves. Media seeing a pretty broad lift in todays session. One group that is not on the rise of the pipes, providers of the today, insurer. Todaye kbw out with a new cutting all state to an underperform saying t ....
Congressional leaders of both parties. Lawmakers repeatedly punted on the issue of a spending plan last year. Now have until january 19 until two p something together. To flush and a corresponding Kevin Cirilli is on capitol hill with the latest. Kevin, this meeting coming up in less than two hours. Give us the just. What are we expecting today . What do they hope to achieve . To be a fly on the wall for this meeting. To discuss with lawmakers about that january 19 deadline. You will remember back in december, they pass that shortterm continuing resolution. Now they have to get together and have a longer version of that before january 19 in order to avert that partial government shutdown. What this is going to come down to is daca in the issue of immigration. Democrats are saying they are united in their opposition. Aidet spoke with a senior to a prominent democratic senator before coming on air. They told me these protest groups f ....
Xpectations. Still, a majority of the committee were clearly in favor of the rate hike that the fed went ahead within december, and the majority of the committee are still expressing some confidence that inflation in the mediumterm is going to move back to 2 . But there is a sense that confidence in that is slipping a bit. That matches up with the feds forecast, the dots that we saw last month. The median for rate hike projections asked year is three, but their worst next year is three, but there were Six Committee members below that meeting. Ledave a more hawkish group by people like Loretta Mester in cleveland, and they are more concerned about a severe undershoot of unemployment in 2018, possibly leading to a bump in inflation. And here is another interesting quote i found in the minutes. Participants discussed several couldthat, if realized, result in a steeper path of inc ....
The Semiconductor Index is catching my eye. Up 6 10 of 1 . The story is told much better when we look at the individual movers. Intel is down more than 2 , based on a story that researchers have found vulnerabilities in their chips. That vulnerability has not necessarily been found. Advanced micro devices and macron, they are some of the smaller rivals getting a boost. The best performer today is based on a Goldman Sachs report that financials will continue to outperform in 2018, based on tax reform. Some of their favorites are bank of america, a big outperform are here at 2 . Lets go to the chart. Continuing. 2017 is highs, inof record the s p 500 index, coupled with record lows in the volatility index. Has a nine print. Volatility nowhere. Julia lets go to the bloomberg first word news with Mark Crumpton. Says chain ....
Them. Cohen told bloomberg tv that the federal government have to figure out some way to select their revenue the matter what states try to do. I understand with their child to do for their cities and their states and their taxpayers. We have the federal government still have to collect revenue. We have to evaluate what decisions they make in terms of what it does for overall collections at the federal level in the federal tax system. David we want to welcome now Kevin Cirilli and Marty Schenker could cap and ask the unfair question what is he talking about . Kevin it is kind of a surprise. I thought it was a great interview earlier today by our colleagues because i think as this gets implemented, the republicans, particular those in states that are impacted by the state local Tax Deduction issue, states like new jersey an ....