Commentatoentary the last 24 hos whether its acumen and dalio on one side you point is, no revelation 6 8. Why are we not believing in science . You have been pretty consistent on that. What happens today if the fda approved a drug . What happens if they do that do we then start thinking about, geez, how much pain it will be if we print all these dollars. How about if it is approved and we say, you know what, im really worried about boeing. I mentioned that because its front and center, but im looking at the fda and not at the fed, and i think a lot of people who came on this morning oh, damn, i lived in my car and was not doing so well its not all done in fair weather. I listened to a lot of really rich people, some crying yesterday, today, talking about the end of days, i think the American Worker is a little tougher and i think if we get the drug, we get approval, i think well all say, geez, maybe this thing isnt going to last forever and we can tide workers over, and we can help th
A u. S. Air strike killing an Iranian Military leader in baghdad causing oil prices to spike this morning stocks dropping. Eamon javers has the latest on that from washington reporter good morning, jon now getting red siran and aroun wormd. The supreme leaders saying harsh vengeance awaits criminals behind the killing of Qassem Soleimani, that was outside the baghdad airport. In france, president macron says he discussed the situation with russian president Vladimir Putin and state department in washington, jon, saying that secretary of state mike pompeo is speaking with a number of World Leaders this morning, briefing them on the situation, including a statement suggesting he has been speaking with high ranking Pakistani Military officials. For his part, the president of the United States offered his explanation for justification for the attack on twitter, also kept a relatively muted presence on twitter you see his statement, explaining that Qassem Soleimani got caught planning addit
Boeing and a new millennial nightmare out in kra california but we begin first with todays markets and bob pisani is track ing that record breaking action at the New York Stock Exchange and nasdaq getting a lot of love today thats because of big five are leading the way. All five of the biggest stocks apple, microsoft, amazon, facebook, when they move, everything moves nasdaq 100 leaders this year, guess what the same companies apple, facebook, microsoft, alphabet and amazon. Five company, nearly 40 elsewhere, bank stocks, big story for the year higher yields, loan improvement. New highs for many including many of the regional banks not today, but in the few week, theyve been up there as well. I know the nasdaq composite gets a lot of love. The nyse composite, which is down here, a compilation of all the stocks that trade down here, also at an historic high today just pointing that out, brian. Back to you. So bob, i got a question for you here if you are talking about the nasdaq at 9,0
In europe and japan, Government Bonds pay no interest at all. In fact, when you buy a Government Bond there, you dont even get all your money back. Never in Human History has the lender paid the borrower. Rates are tumbling. This amounts to a worldwide race to the bottom in Interest Rates. Where it leads, i dont know. But its now very likely that our Federal Reserve will drop rates aggressively from here on out, simply to keep pace with everyone else. If they dont, the u. S. Dollar will keep going up, keep disrupting our trade and our economy. I thought that with all this free money flooding into the world, that a lot of it would go into the stock market, our stock market. That is not the case, at least not right now. The dow will open with a big drop, over 250 points to the downside and there will be losses on the s p and nasdaq as well. Other markets are convulsed by it all. Look at gold. Theres a rush to the safety, what they think of as the safety of gold. Its back above 1500 an ou
He wants pelosi to cancel the august recess of the he will explain why. All that, so much more on making money. So the economy grew at 2. 1 in the Second Quarter. That was well above official estimates at one point. The question is the driver . The answer is allmighty american consumers, flush with better jobs, higher wages, robust confidence, in fact the president tweeting, q2 up 2. 1 , not bad because we have the heavyweight of the Federal Reserve anchor wrapped around our neck. Almost no inflation. Usa is set to zoom. Lets bring in moodys managing director, chief economist, john lonski, Fox News Contributor liz peek, manpower group, becky frankowitz. What do you make of it . The highlight was gain by real Consumer Spending up 4 1 2 . It probably wont continue. As you stated earlier, not only the u. S. Economy, the World Economy owes a deep sense of gratitude to the american consumer. I dont think well see Consumer Spending contract in a man theyre might bring about the nearness of a