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The speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Eternal god, we give you thanks for giving us another day. Send your spirit of peace and calm that all might have confidence in your faithfulness to us. That no matter what lies ahead your grace is abundantly available. Now we approach a week during which all americans will gather to remember who we are. A nation generously blessed not only by you, our god, but by courageous ancestors faithful allies, and the best good wishes of people everywhere who long for freedom, who would glory in the difficult work of participative government and who do not enjoy the bounty we are privileged to possess. Bless the members of this assembly and us all that we would be worthy of the call we have been given as americans. Help us all to be truly thankful and appropriately generous in our response. May all that is done this day be for your greater honor and glory, amen. The sp
Formal impeachment proceedings with House Speaker nancy pelosi saying he has violated his oath of office. President struck a hard line at the United Nations with comments about china and iran. Investors are weighing another change of tone. Boris johnson refuses to quit as u. K. s top judges attack his suspension of parliament. They say his advice to the queen was unlawful. Stock market,he take a look at this board where you can see the major market averages down across the board. It was donald trump speaking at the u. N. And bashing china. News came out that pelosi was ready to say, ok, we are going ahead with impeachment proceedings. You can see the s p 500 losing a full point. What hit the nasdaq so hard was the fact that donald trump was beating up on big tech companies. Interesting that we are seeing a little bit of an upturn for the stock futures. The s p 500. This hit bonds. Another thing that hit bonds, a big move down in yields, you can see quite a rally of seven basis points a
Is a fitting continuation of what we had in august. Take a look at this chart going back to the fed meeting. That kicked off this downside volatility. Tons of headline risk, but up and down, it tells you that nobody knows. A lot of uncertainty. A real battle between the bulls and the bears. It moves upr or not to alltime highs or back toward last years lows. And is a longerterm chart it may speak more to the range starting in 2018. It is pretty useful. We are looking at volatility on stocks. In yellow, currency volatility and in blue, bond volatility. If you look at starbucks year to date through yesterday, the coffee chain was up 50 . One of the top 50 stocks in the s p 500. Today, you mentioned volatility. Just a bit of a roadblock. There you can see, down 7 10 of a percent, but nowhere close to where it was earlier today. Starbucks had fallen more than 3. 5 at the low point. This was after an investor presentation, executives at starbucks did tell investors that the 10 plus percent
The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates have gone up. If the fed didnt do what it did or even half, we would have the dow that would be as good as it is, it is doing good, but we would have a dow that would be any