Notably absent from todays briefing for senators, the director of the cia. Plus, the false alarm about an active shooter at walter reed medical center. They then claimed that it was all a drill. Now were learning more about what really went wrong. Reporting begins now. Our reporting begins with new information from President Trump himself. He has just said he is not ruling out a pardon for his former Campaign Chairman, Paul Manafort. He told the New York Post in an interview in a short time ago that a pardon is not off the table. The post Parent Company and fox news Parent Company share common ownership. Of course, Paul Manafort faces not only face charges, but others in three states where president ial pardon would not apply. This as manafort is back under Robert Muellers microscope. Manaforts lawyers have been feeting the president s legal Team Information about what is going on inside the special counsels russia investigation even after Paul Manafort started cooperating with the fed
Interest rates. All markets closed in positive territory. The dow closing 2. 5 higher for the day. Why is this happening . What did investors take from his comment . The first one, the possibility that there will be a rate hike. More so going into 2019, youll see a slowing down of Interest Rate hikes. Thats because jay powell said theyre just below the neutral rate. When you look at the fed fund rate, which is between 2 and 2. 25 , this is the equilibriueq. The fed chair made a comment saying he sees no dangerous excesses in the stock market. Speaking of the market, lets take a look at the big movers on the dow. Home builder stocks higher. Caterpillar, boeing. The biggest movers as well as you nighted health. A lot of investors moving their money back into risk. Netflix, amazon, apple climbing higher for the day as they embrace risk. The fact that the possibility of Interest Rates may not be climbing, that played a role with the tenyear yield. You saw that fall for the day. Tenyear yie