Stories. Lauren simonetti following markets in the newsroom. Blake burman at white house, Hillary Vaughn on capitol hill, and Edward Lawrence with more reporting from washington as well. Lauren, on this 2,000 point gain today we start with you. Lauren biggest point gain the dow has ever seen. Rallied into the final hour of trading. What caused this . Is this fact that donald trump wants to open the economy up by easter . Is it fact the senate is awfully close to spending a two trillion dollar stimulus or both . The dow up 11. 25 . The s p and nasdaq up 208 and 557 points respectively. Each had the second biggest point gains in history. A lot of investors today are saying this is the birth of a new bull market . Have we hit bottom or is this just a temporary bounce . Look, nobody knows the answer, but Credit Suisse looking at the broader market, they see by the end of the year, s p 2700, which is a 21 gain from yesterdays close. Take that with a grain of salt. The big tech stocks we lik
Gave back, call was for Washington Post. What is your read on this trial rule document . Guest i think the highlight everybody is looking at is the way Mitch Mcconnell is trying toh compress the tri, that he does not wanted to go on for quite as long as what the clinton impeachment trial did 21 years ago. That trial was sprawled across five or six weeks. There were sort of multiple stops and starts because they were bringing in witnesses. They werein taking time off to t deposed witnesses. Mc connell has set up where you could pretty much be done, conservative estimate are the first weekend of february. Some are even trying to suggest they could wrap up next week, sort of the middle of the week. Thats probably a little bit faster than i think it will go but he doesnt the house managers, for instance, it to backdate to present 24 hours of testimony. Iti have an old timeline from 19 with me. They did it over three days in 1999, and then the president ial lawyers, bill clintons teen sprea
Today . Well take it up. Much of the leftist media and Business Press were a agog overs inversion of the yield curb. Today, they seems declaring a recession in immediate offing despite more than 70s of country Biggest Companies quarterly earnings, higher than wall street has been expecting. And revenue of the companies in s p up almost 5 over a year ago. So what is the problem . The market sole off, and sole sold off, and sold off big, with us, jackie deangeles, what a day. It was, the worst steepest selloff of the year. We have seen a lot of volatility in august. Lou as is customary. But not with this wide of a band, this is something new. Yes, this is uncertainty, uncertainty over trade, worries about what is happening in other economies, in europe and asia and china specifically, weak data coming out of china. Also out of germany starting this fear mongering happening contraction of the economy in germany. Yeah. And speculation they will cause something that was compounded by invers
Today . Well take it up. Much of the leftist media and Business Press were a agog overs inversion of the yield curb. Today, they seems declaring a recession in immediate offing despite more than 70s of country Biggest Companies quarterly earnings, higher than wall street has been expecting. And revenue of the companies in s p up almost 5 over a year ago. So what is the problem . The market sole off, and sole sold off, and sold off big, with us, jackie deangeles, what a day. It was, the worst steepest selloff of the year. We have seen a lot of volatility in august. Lou as is customary. But not with this wide of a band, this is something new. Yes, this is uncertainty, uncertainty over trade, worries about what is happening in other economies, in europe and asia and china specifically, weak data coming out of china. Also out of germany starting this fear mongering happening contraction of the economy in germany. Yeah. And speculation they will cause something that was compounded by invers
Up as opposed to a year ago. The president ripping china saying they cannot be trusted as trade talks resume in shanghai stocks are set to open lower g and p beats. And beyond meat tumbling a long tweet this the president hoping to weigh on futures today, quote, china is doing very badly, worst day that is the problem with china they just dont come through goes on to say, jim, if and when i win the election, a deal will be much tougher for them to get. Yeah. I have been saying the notion, that narrative that navarro was out or is not important is dead wrong. I interviewed the president back this the mid 20 0s he really felt that china was getting free ride. This is the china, no business, where is the soy bean buy, the machinery buy . It is outrageous that they agreed and they did nothing. I think the president s view this is what i was worried about. The president s view is we are going to put tariffs on 320 billion and if they start to play ball we will cut them rom reagan like. He h