Am not talking about the Federal Reserve, i am talking with the Teamsters Union saying it will not Make An endorsement in the president ial race. Exactly why, we will ask Sean Obrien in an exclusive chat moments away. First, the Fed Cutting Interest Rates by half a point, the first Rate Cut we have seen now in more than 54 years, stocks bouncing around on the news, originally up more than 400 points, down A Hundred points after consumers with lower borrowing costs. It goes to have an impact on the upcoming president ial race and we are on top of all of it. Welcome everybody, on neil cavuto, first of the fed, that surprising cut, not that it was a cut but it was a big one. Kelly ogrady has more. That is why, that were definitely borrowed money today, the temperature coming out of today is that the fed if he was confident enough about its 2 Inflation Target but clearly wants to ensure the Labor Market is not cool off anymore. 50 Basis Points is a big deal especially because Jay Powell ha
Disaster declaration comes as 2 of the largest wildfires in state history are burning right now in the bay area. The l a new lightning complex fire has burned more than 325,000 acres in Napa Sonoma Solano. Lake and the s c you lightning complex has scorched more than. 339,000 acres across alameda contra costa santa clara, san joaquin stannis loss and yolo counties. These are now the second and 3rd largest wildfires in california history surpassed only by the mendocino complex fire which burned more than 450,000 acres. Back in 2018. And all the fires currently burning in the bay area, the l and you could lightning complex fire has been the deadliest and most destructive. It is claimed the lives of 5 people and 4 others were injured during the fire fight. So far 480 structures have been destroyed a 125 have been damage more than 30,000 are still threatened. One of the communities hardest hit by these fires is the Berryessa Highlands in napa county people there have suffered tremendous lo
Next opportunity focusing on the return to a vaccine. Weighing in on how close we really are we are watching Worldwide Exchange on cnbc. Good morning, good afternoon, good evening im Brian Sullivan the question is this for the markets. How will today go after yesterdays market slide futures are mixed to slightly higher on a futures basis, they are down well call them flat today yesterday, the dow down 710 points all of this on new concerns about growing outbreaks around america and the possible slowing down of reopening plans. Anything travel related yesterday was crushed. Airlines, cruises, hotels. All this as new york, new jersey and connecticut imposed a quarantine requirement on travelers coming in from seven different states that are seeing spikes in cases. Basically, you are not welcome but if you do come, you have to stay at home 14 days you can see the airlines also keep an eye on oil. Many stocks taking big hits once again. Oil between a rock and a hard place. Youve got concer
Nike looking to shuffleci a protest from its owna fundraiser it is wednesday, february 19, 2020 Worldwide Exchange begins right now. Good morning im dominic chu in for Brian Sullivan stock futures indicating a positive open after the dow fell for a third consecutive day on that big revenue warning from apple. That dow would open positively by 57 points, the nasdaq up around 30. The yield on 10year benchmark ticking slightly to the down side, 1. 551 twoyear benchmark, 1. 414 there. Lets go worldwide moving over to chinas return t hang seng and hong kong up about a half and a third a percent. It is relatively green there on the screen very much a positive trade in the european session, at least so far sno the daily number of infections in china has dipped the overall death toll crosses the 2,000 mark reporting the lowest daily rise in cases officials in hong kong have announced a new death from from the virus as well. In the United States, a single case has been confirmed in california t
Short bet. Traders take their positions fast money Halftime Report starts right now all right welcome. Big show today our Investment Committee is here joe, stephanie, josh brown lets begin with the markets those comments from paul jones, what he told cnbc in daf as about what he calls the explosion driving markets. We are just again in the crazies craziest monetary mix in history. Its explosive it defies imagination. And i dont think anything is changed. It reminds me a lot of early 99. So early 99 we had 1. 6 pce 2. 3 cpi we had ex act same metrics today. Thats out in davos josh brown, turn to you. Answer the question. Time to worry or party like its 99 i think most investors are doing a little bit of both the data does not show that any segment of investors, whether talking about institutions, hedge funds, retail, Family Office foundation, there is nobody out there right now acting in word or indeed as though its 1999 you just dont see that form of euphoria out there in the market do