Negotiations with china. Mixed Economic Data as Consumer Confidence falls, but Housing Market remains mostly steady and disney rallying on two positive notes, which has helped them propel the dow higher. We are on record high watch once again for the major indices. Joining us for the hour, Barbara Duran from bd8 capital partners. Barbara, how do you feel as we sit at these record highs. Can we hold this momentum through the rest of the year i actually think we can normally, ive been very skeptical. I really thought we would just be in a trading range and unlikely to see new highs. But i think weve got one or two new highs left and its not just optimism over the china trade partially being resolved i think its also, unlike last year where people were rushing for the exits, i think this year, theyre rushing to get in, because youve got the performance issue. The market is up so strongly and i would suspect most active managers are underperforming here barbara is with us for the full firs
Years. Look at what has happened. There has been running violence with the police and violence. Police did discharge a firearm into a protester. He is in the hospital. He has been shot in the chest. He has injuries that are not lifethreatening. There were also running instances of civil disobedience and vandalism. This is an entranceway to the causeway bay station. This was a big bonfire and that is what we have seen across the city as the frustration mounted. We are at midnight now. Who knows what will happen tomorrow because there is no solution on the table. There is still ongoing polarization. Thed thank you so much for terrific reporting from hong kong. Stephen engle in hong kong. Not the anniversary president xi anticipated. Now we go to Kevin Cirilli in washington. It seems like every time i open a newspaper there is an extension of the impeachment inquiry. Night the New York Times reporting President Trump had asked australian Prime Minister Scott Morrison about looking into th
Americans. Vietnam veterans and Morgan Stanley security chief, rick who successfully evacuate more than 2000 of his firms employees from the world trade center, and died returning to help evacuate others. Jason thomas and descartes, two from morning to drop everything and sped to the towers, save the lives of the two Port Authority officers they found trapped in the rubble. National guard pilot Heather Kenny and mark, who scrambled their f16s weaponless to meet the threat headed towards d. C. , prepared to sacrifice their lives by ramming their aircraft into flight 93 before it could hit the capital or the white house. The hundreds of First Responders who ran toward the towers, toward the inferno and headed up the steps was civilians ran down. Down. And then do with the countlesstl ordinary americans far away from new york and washington who flooded blood banks and overwhelmed organizations like the red cross with their donations. Nj who stormed heaven with prayers for the missing and
Joining us for the entire hour is dan nathan, founder of risk reversal advisers. Welcome back to you. Sara. So theres something youre looking at about the s p 3000 level and fed meetings if you go pack to july 31st, the last time that the fed met, they cut a quarter basis points Interest Rates the first cut in ten years and the stock market was above 3,000. And and it wasnt until the trump tweet the next day that we broke down and stayed down all of augusts here we are now, expectations are for another cut, and it seems like the s p has really paused again at the same level, about 3,000. Weve got lots to discuss with dan, but lets drill down on the big stories were watching today bob pisani is tracking the big reversal leslie picker has details. Mike santoli has a special market dashboard ahead of fedexs earnings which hit after the bell and well have for you here on closing bell. A big day in oil. Oil dropped right after the open on a reuters story that saudis oil output would be full
September 11, we thank you that you never give us burdens too great to bear. Continue to remind us that eternal vigilance is the price for freedom. Comfort the families of those who died on 9 11, surrounding them with your mercy and grace. Lord, incline your ears to our intercession. Teach us how to embrace the things that lead to peace as you instruct us on how to fulfill your purposes on earth. Today use our lawmakers as instruments of reconciliation. We pray in your merciful name. Amen. The president pro tempore please join me in the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The presiding officer the senator from iowa. Mr. Grassley i ask to speak in morning business for one minute. The presiding officer without objection. Mr. Grassley the chaplain opened our senate in prayer reminding everybody what happened 18 years ago today, a