I am jon fortt, mike santoli, Carl Quintanilla has the morning off, and Morgan Brennan is live from cape canaveral, florida early this morning, boeing starline had complications with delivery post launch morgan reporter yes, thats right, jon. Complications that are continuing to be assessed, addressed, and shape what is going to happen, the next steps for the boeing starliner spacecraft this was the first test, first flight of starliner, uncruewed, no people on board, failing to make the trip to the International Space station as was planned. The launch itself which happened about 6 36 a. M. This morning went according to expectation. The issue arose when starliner separated from the upper stage of the atlas 5 United Launch Alliance rocket, about 15 minutes later, an issue that can basically be summed up more or less as one tied to automation and it was an anomaly that just a short while ago in a press conference with nasa, boeing and the United Launch Alliance officials was summed up
Its back to 32 a share. Down 6. 58. Overall, the markets holding pretty steady as the profit reports roll in. In fact, id say stock prices are real solid and some of the profit reports, thats keeping the market at very high levels. No big pullback at this point. The dow industrials will open up about 40 this morning, s p up 6. By the way, the s p is only 22 points away from the alltime high. Whats that, just one big rally . The nasdaq, look at it go, up a half percentage point premarket. Big deal. Now let me lay out what we have for you. An important speech from Vice President pence on china. He may take a hard line. That could affect the market. And here comes amazon, perhaps the most important Earnings Report of them all. How strong is Consumer Online buying . Very important and we are going to find out today. Of course, we are going to watch apple hit new highs and unless something dramatic happens, we are hardly even going to mention impeachment. Here we go. Varney company is about
Were back with this big mess on interstate 75 south of tampa, florida. It happened when a truck carrying mail advertisements sideswiped another truck that was on the side of the road. The driver of the truck hauling those ads suffered serious injuries. It took hours to clean it all up. Once that was done, the highway was reopened. And this morning, were remembering the life and times of one of the defining legends of hollywood. Robert evans, a former studio executive behind some of hollywoods biggest films including the godfather and chinatown, has died at the age of 89. He suffered a stunning fall from grace back in the 80s. In 1994 he sat down for an abc interview on primetime live. Were opening up the abc news vault with sam donaldson. Imagine for a moment youd lived your life in hollywood, sat at its glittering corridors of power, romanced major movie stars. Oh, the stories you could tell. The man youre about to meet has done all of that and lots of it. When our judd rose paid a ca
Banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk and uncertainty in the market there were rumors going around that your partner banks were insolvent so when you hear Something Like that as a bank thats a huge risk you dont want to lend to an insolvent partner so when you see a risky client you want to charge them 5 percent 10 percent. Tiene pe
Move is the 1st of its kind since its 2008 financial crisis and the scary part is the fed still doesnt know what caused the spike so lets take a step back and really understand what the repo market is its essentially a short term borrowing market where banks and institutions lend to one another banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk