You very soon. Theres this. Another College Cheating scandal. It seems some wealthy people transferred control of their children to other less wealthy people so they could claim Financial Aid from colleges. Again, big story. Full details coming up. The market heading lower after a series of china trade tweets from President Trump. Hes disappointed that china has not yet bought our Agricultural Products and hes speculating that china is waiting to see who wins in 2020 before making a deal. Not a good idea, he says, because when he wins, it will be a very tough deal or no deal at all. So look at this. We are going to be down, what, over 100 points on the dow industrials, down about 16, a half percentage point on the s p, and the nasdaq getting close to a 1 decline. We are off all across the board. Then theres beyond meat. Okay, sales quadrupled but investors were shocked that the company will issue another 3. 25 million shares that dilutes existing shareholder value and down goes beyond
Like it or not, we are big spenders and big borrowers, too. Now look at this. Boris johnson is the new Prime Minister of great britain. In a gracious victory speech, he said he would complete brexit, unite the country and beat the socialist jeremy corbyn. Hes the first to admit he has an uphill struggle but hes got a sense of humor and reminds me very much of donald trump. More on boris coming up for you. Look at this. Stocks going up again this morning. A series of Solid Earnings reports are clearly helping. Two dow stocks, cocacola, united technology, they are standouts. Obviously helping the overall average. Profits across the board are strong. Stocks also getting help from the budget deal. The governments not going to run out of money and they can borrow. The dow is going up triple digits, about 100 points. S p up 11. Look at that nasdaq, up 33. Thats close to a half percentage point gain. Summer doldrums . Not here. Varney company is about to begin. Stuart a little time with me. I
jack smith to accelerate a decision on donald trump s claim of presidential immunity in his federal election criminal interference case. now, the one sentence reply the order from the supreme court reads, quote, the petition for writ of serzh yry is denied. in other words we re going not going to the appeals process could give donald trump ample time to further delay this case, which is of course supposed to go to trial just a few months from now, the first week of march. trump may now try to delay the start of the trial until the calender begins to encroach on next november s election. in which if he s the nominee the next court could ask to put the case on pause until the next presidential contest is decide. and should trump win that election the case will go away entirely which is to be clear and we all understand including the people on the supreme court exactly what he wants. although i have to say it is stel unknown if trump will be allowed to meaningfully delay thi
on the republican party. new york times puts it like this, republicans are putting trump out to pasture. that dynamic was on display the final hour for the battle of speaker, with republican members of congress playing not it, not me, as margorie taylor greene tried to get them to take donald trump s call. then there s the global condemnation for the insurrection in brazil, tragically similar to the attack on our own u.s. capitol, but is straight out of trump s playbook. that is all a very bad look for the ex-president. now today, the walls are closing in on donald trump, even more legally. legal one-two punch, if you will. first, a district judge has ordered trump s deposition in a defamation lawsuit to be unsealed. it s a deposition trump fought for years to avoid giving. now comes news that it is pencils up for the special grand jury at a fulton county, georgia. the 26 jurors spent eight months examining potential criminal interference in georgia s 2020 presidential elec
not produce any evidence of election fraud, something they were not ashamed to admit. at some point did one of them make a comment that they didn t have evidence, but they had a lot of theories? that was mr. giuliani. and what exactly did he say and how did that come up? my recollection he said we ve got lots of theories, we just don t have the evidence. the pressure campaign against state officials was relentless and it was dangerous. it included ugly threats and intimidation by trump supporters and the former president himself leaving one georgia election worker too scared to say her own name in public. a steep price for those who defended democracy and did their job. why didn t you just quit and walk away? because i knew that we had followed the law, we had followed the constitution and i think sometimes moments require you to stand up and just take the shots, you re doing your job, and that s all we did. i do not want to be a winner by cheating. were a l