Appear to be lockdowns in a number of italian cities, thats reason enough for not only in this country but certainly in europe for hotels, airline stocks, casinos, and cruise lines to be taking it on the chin here. What is interesting, before i get the read here in the United States, is what has happened to European Airlines like easyjet. That is the discount budget carrier. That is down an excess of 13 . Ryanair, 13 . Deutch lufthansa close to 10 . Air franceklm, about 9 . I could go on but just to i illustrate what is impact here on percentage term is bigger impact there the selloff is revisiting session lows. Right out of the gate we were down close to 1000 points. Right now, the dow underwater for the year with 922 point hit. Deirdre bolton at New York Stock Exchange. Reporter neil, were negative on the dow and awfulally close on s p 500. We need to hit 107 lower to completely wipe out the gains from 2020. Let me tell you some groups. You covered some weighing on these markets. If
We are seeing a markets trading sideways. A lot of the focus is on potential risks and the potential headwinds that could hit the markets quite hard. A lot of it to do with geopolitics. Keep an eye on the u. S. China trade talks. You can see the stocks europe 600 gaining. A similar move for the s p 500 futures and the 10 year yield is at 1. 54. Coming up, we will be speaking to the shell chief executive. Dont miss that exclusive interview just after half past 10 this morning. Lets get straight to first word news in new york city. Balance sheet growth resumes for the Federal Reserve chairman Federal Reserve, chairman Jerome Powell says dont confuse this for qe. In no way beuld confused with the largescale asset purchases. Neither are the recent technical issues nor purchases of treasury bills we are contemplating to resolve should materially alter the stance of monetary policy. Chairman powell also hinted at the possibility of another rate cut. He was confidence the economic expansion c
Week ahead in washington three after that, Benjamin Friedman of defense priorities looks at the latest tensions between the u. S. And iran. Plus phone calls and tweets. Washington journal is next. Host morning. Its monday, july 22 and its going to be a busy week on capitol hill as members of the house and senate prepare for the august break spending and the debt ceiling front and center. A new defense secretary is on the way. Final work on the 9 11 Victims Compensation fund and of course the Robert Mueller hearings which happen wednesday. President trump meets for the first time with the new Prime Minister of pakistan. And there are many many more headlines over these past few days about the heated lyrical rhetoric here in washington and what it means for the future and the future of politics. In fact, one observer of the process writes that no president ial candidate can unite the country. That article got our attention so we are asking you this monday morning, can any of the presiden
Were coming On The Air Night with Breaking News in georgias investigation into alleged interference in the 2020 president ial election. Now unlike the other three Criminal Cases mr trump faces, in the new case cameras were allowed in court to see the moment the judge in Fulton County approved The Grand Jury s decision to indict mrtrump. You can see the official handing over the big stack of papers. So, lets take a closer look at the indictment. Its 97 pages long and includes the 41 counts faced by mr trump, and 18 others. It also includes evidence such as mr trumps tweets. The former president has been charged with attempting to overturn his 2020 election defeat in georgia. He is facing 13 of the 41 charges. The 18 other people indicted includes people who were very close to mr trump in 2020. Amongst them, former trump lawyer Rudy Giuliani seen here on the left, with former white house Chief Of Staff mark meadows on the right. Theres also former white house lawyerjohn eastman, and a Fo
Disaster that this trial has become. Stuart coming up a little bit in new york city and the song is tell me a lie. Whats that all about . What is the producer trying to tell us here . Lauren oh, michael cohen. Stuart oh, could be. Lauren is he credible . Stuart 11 00 eastern time, friday, may 17th. On the market, a tiny bit of green. Dow up 36 and nasdaq up 10. Not that much movement. Weve got the board that shows you big tech. Show it yeah, there you go. Weve got alphabet, amazon, apple up. Microsoft, meta down slightly. 10year treasury yield moving around the 440 level and now at 439. And now this twice the president got the inflation rate wrong. Twice he said inflation was raging at 9 when he first walked into the oval office. He was wrong, it was 1. 4 . So his top economic adviser Jared Bernstein could have easily corrected the president s mistake and wouldnt do it. My colleague neil cavuto took him to the wood shed. This is must see tv. Roll it. Ya kept you just say, it got as hig