Business
Stocks rally ahead of the weekend as a new reading on manufacturing hits a record high and new home sales hit the highest since 2006. Mortgage rates pull back for the fourth week in a row. Stocks erase most of the losses seen in the previous session on reports President Biden plans to propose a tax hike on wealthy investors when he addresses a joint session of congress on Wednesday, the same day the Fed will wrap up a policy setting meeting. Bitcoin dips below $50K. Analysis of the markets, the economy and outlook from Dr. Mohamed El-Erian, President, Queens' College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Art Hogan, Chief Market Strategist, National Securities, John Kilduff, Oil Analyst, Again Capital, CNBC contributor, Jeff Lazerson, President, MortgageGrader.com, O.C. Register columnist. Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.