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Look there stocks hitting session highs as we kick off power lunch. Coincidence . Probably but this is the great rate debate as a tugofwar on inflation and Interest Rates and volatility continues to play out in front of our ieyes, stocks are making come back and the dow up and bond yield rising rising since the beginning of february and benchmark hitting fouryear highs and creeping closer. Gold is highest level in over a week groupon tanking on earnings miss chipotle on pace for the best day in years, they named a new ceo and netflix are rallies. Signing a deal well get more on the netflix story coming up. Welcome. Im Tyler Mathisen the markets shaking off the inflation concerns at least for this day. In fact, wall street socalled fear index falling below a key level. The vix below 20 for the First Time Since february ....
All right, on the money front. There is trouble for the tax plan and its coming coming froe House Republicans. They oppose dropping the deduction for state and local taxes. Nine hightax states will take a big hit if the deduction was eliminated. 33 House Republicans come from those states, if they ban together, they could kill the president s tax plan. And this is the last trading day of the Third Quarter, oh, what a quarter it has been. Bottom line, if you were a stock holder for the last three months, you have done very well. The friday edition of Varney Company is about to begin. I dont want it to be taken over by a bunch of wooses. Use something beside the nfl sideline, use something beside the flag, use something besides something people use to escape. Stu ....
Now well hear from senator jack reed, Ranking Member of the Armed Services committee. He sat down with abc news chief washington correspondent Jonathan Karl for a look at president trumps foreign policy. From the council on foreign relations, this is about an hour. [inaudible conversations]. All right. I think were ready to start. Thank you all for being here. Welcome to the council on foreign relations. Welcome to our guest, senator jack reed, Ranking Member of the Armed Services committee. From the great state of rhode island. Im Jonathan Karl, chief White House Correspondent for abc news. ....