US dollar erases earlier losses

The US dollar is now nearly flat on the day as Treasury yields continue to tick higher.

The market is betting on Congress getting something done on tax reform. There's also this strange idea that White House will never allow the stock market to fall, so even the 13-point dip in S&P 500 futures is a buying opportunity.

Cohn had some incredibly tone-deaf comments in an interview with CNBC, he also said "We see the whole trickle-down through the economy."