Republicans are now diving into each different part of this h. E. A. L. S. Act as leader mcconnell termed this deal. It stands for healthic economy assistance Liability Protection and schools. The trillion dollar package has 105 billion for schools. That is more than was in the democrats heroes act from back in may. It has another round of direct checks and it has an add unemployment benefit of 200 a week. Thats a decrease of what its been for the last several months. But Senate Finance chair Chuck Grassley just noted this is going transition to 70 of a workers pre pandemic wage over the course of the next few weeks. Senate Majority Leader Mitch Mcconnell said that the virus doesnt care how fragile the economy is, but that the u. S. Is not write a blank check. It needs to be tailored for these specific times and crossroads. But democrats are already saying its far too tailored. After mcconnell took the floor, Senate Minority leader Chuck Schumer said there needs to be Food Assistance f
Certainly all of those round numbers which doesnt leave a ton of room to go from here. Lets die deeper into the Market Action with abigail. Thinking about the what you were talking about for the s p 500 in the month of august, truly in the Third Quarter as well the s p stuck between 50 and 200 Day Moving Averages. The longterm buyers have more conviction. Lets look past the last year. During the volatility ofarly went belowthe s p the 50 Day Moving Average, it couldnt get out of the way. Testing the 200 day several times then finally during the summer taking the stairs higher. Once below that. The floor fell out below the 200 Day Moving Average. An interesting case back in may, the choppiness around the trade, we see the 50 Day Moving Average did not hold. The 200 Day Moving Average briefly slides in between the two averages area this chart just shows more choppy trading ahead. At least a test of some sort of the 200 Day Moving Average. Thanks abigail. I am looking at the british sterl
The Investment Committee is ready to go. The halftime quart rotes starts right now. Welcome, good to have you with us on this tuesday. Joe, brothers najarian and Courtney Gibson the president of loop markets the stocks were positive not so much any more because yields are very much the story, yet again, steve this dazed and confused market as we said at the top. Doesnt know what to make what is going on in the current environment and neither does wall street because the notes and the advice being passed around today is at odds. So, when you invest in a stock, you want the reward to outweigh the risk. You know there is risk to everything you do. And you know that youve got to talk about a time frame and have one in mind. Here, i just think very uninvestful market and a best in balance and anything favoring the down side. Multiple expansion to get us to the levels where we are. Earnings have come down meaningfully and the markets held levels just 18 months ago when china was not so front
Higher on the back of the move in syria. More on that behavior. Plus, retired general leslie clark joining us shortly to talk about what future u. S. Military strategy could look like. Lets begin with Team Coverage of todays big stories affecting the markets. Steve leisman at cnbc headquarters with details on this mornings weaker than expected jobs report, and bill is in moscow tonight with the latest on the syria situation, and kayla is in palm beach, florida with news from the china summit. Steve, starting with you rs first thing this morning with the headline whether it was weaker thans expected. We had a chance to digest that in markets, and despite the disappointing payroll number, bill, most economists, and markets, trade as if they are on track to hype twice this year, including in june. The chance of a rate hike in june remains unchanged at 61 , even after the government reported job growth of 98,000 today, and that was well below the streets 175,000 estimate. New york fed pres
Few hours ago. Plus bill miller at delivering alpha talking about his best investment ideas. He will join our show live for more ideas and will bring you highlights of interviews with others. Live from delivering alpha in new york city. Lets start with the price of oil reversing gains. Jackie deangeles has details. Good afternoon. 3 sell off today and closing at 44. 90. Three significant factors impacting oil prices. The first would be the monthly report taking demand forecasts down not just for this year but next year, as well. The wall street thesis for this rebound that is supposed to happen depends on demand staying at least flat or ticking up. So thats not really a good sign. The equity plunged today and also a little bit of strength in the dollar not good signs for crude oil. Inventories tomorrow. Remember last week we saw a draw down of 14 million barrels. Some are looking for a pretty substantial build. Those are the ones who think last weeks action was a one off event. The bui