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Comments from Steve Mnuchin about tax reform and stocks that investors are talking about. Tax reform or look out below is that what we need to start thinking about well, i think, number one, we dont want to pass a tax bill just to support the market markets are up 80 of the time, number two number two, its an irresponsible comment by mnuchin and number three, the u. S. Market is lagging other markets around the world, so theres no or very, very little expectation that a tax plan will occur and that it will occur thats going to impact this market. Heres Steve Mnuchin with these comments there i...

Traders are diving in. Later, its the Stream Network that has more viewers than hbo, cnn, netflix and hulu. The ceo of amazons twitch is here to explain how its dominati dominating the streaming space United Airlines stocks sinking 10 , the worst in two years. Oscar munoz comments spooked investors. Phil lebeau spoke to him earlier today on squawk box. Hi, phil reporter melissa, two things killed united today, lack of clarity on what to expect next year, and the second are the comments of oscar munoz starting with us on squawk box regarding how far of a whole united is in relative to its compe...

Chipotle, express scripts, Texas Instruments, just a few of the names set to report earnings in just about an hour we will have our hands full at that time but lets get straight to our big story. The strength in the market today from the Big Industrial companies cat and 3m getting that boost on earnings driving the dow higher ge and ibm trading lower, bob pisani give us some more. Well, heres whats going on. Theres a very unusual divergence between the dow and the s p. Its happened a lot this year, actually 70 points or so. And the reason that is is the dow is price weighted and when you get c...

Points nasdaq 1. 8 . This was a vicious rotation powered by wall streets newfound love for the Big International industrials and the u. S. Bank. You really want to buy a bull market that has eyes only for a couple sectors, honestly you have no choice this markets been all about rotation for ages. Theres not enough new money coming into the equity markets to driver up everything at once. It migrates from one group to the next, following specific sectors by increasing dominance of eps so when a company like cat piller reports a magnificent quarter investors have no use for steady drug stocks lik...

The nasdaq and small caps. Steve, now weve got to Pay Attention to this move in rates and how quickly they are going to rise. Thats the quickly they are going to rise. Rates going up alone, particularly when youre in such an accommodative environment they matter, but dont matter all that much, but the rate of increase, like the rate of anything is really whats hitting the markets. So youre also having right now europe is sort of not back away completely from qe, visibly that much that you can see, but they have cut back on the buying. Youll see a press Conference Tomorrow interesting to see wh...