The Philadelphia Fed business outlook index is still above zero in January, pointing to expansion, but the expansion is not quite as broad.

The president realizes that the views of the extreme right wing of his party are not the views of the American people, ... And for the second time in a row, he's sent us a nominee who we really don't know that much about.

The president's speech changed zero for us; it was simply a recognition of what we already knew.

The president has not sent us a nominee who has already hewed to the extreme wing of his party, ... that the views of the extreme right wing of his party aren't the views of the American people, or even close to it.

The price action following the release of today's indicator suggests that as long as expectations for an exit from zero interest rates are not brought forward greatly, the impact on the market will be limited.