Good morning, im dominic chu. It is your money, your vote. Brian are s Brian Sullivan is live in grand rapids first, the dow implied higher by just around 100 and so points here the dow coming off more than 420 point gain to kick off another month after its worst week since march. The s p 500 also higher by more than a percent just yesterday. We are also watching the treasury side of the equation as well yields holding relatively steady at least for this time being around the world, a sharply higher session overnight in asia with the hang seng and kospi posting near 2 gains. You can see there on the map a very positive day generally speaking for asia. And green also on the european side of things with 2 gains for the cac in france and nearly 2 for the german dax and ftse 100. But back to the campaign trail and the future of the american presidency and congress now in the hands of us, the electorate amid record breaking early voting and key state Supreme Court ruling in texas, the candi
To war. The nightmare stage of trumps rule is here, says michelle gold berg in the New York Times and paul krugman simply calls our president a bully. Democrats lining up to attack the president , Bernie Sanders says hes like putin. Assassinating dissonance. Meanwhile, theres real chaos, where hundreds of thousands on the streets for the funeral procession of Qassem Soleimani and then a stampede. Iranian state news media says more than 30 are dead. Overall this is a morning of confrontation, war talk threats and military preparations and as for the market, a shrug. Monday the dow made a 200point uturn and actually closed higher. This morning were looking at futures, minor loss for the dow and the s p, a 10point gain maybe for the nasdac at the opening bell but look at oil, another shrug on that market after the Soleimani Killing the price of oil moved to 63 64 a barrel today its back to 62 and the price of gas, Holding Steady the National Average still right there at 2. 58 per gallon.
Probably in history but in american history. Its a disgraceful thing. There was no pressure. The way you had that built up the call it was going to be the call from hell. It turned out to be a nothing call. Charles president unleashing on democrats and media now that the transcript of the phone call is out. President asking ukraine to look at joe biden and his son over alleged shady dealings. This phone call a centerpiece of the house impeachment crusade. The man himself, fox senior judicial analyst, judge andrew napolitano. Remain seated. Charles your initial take on this after boeing through it . There is twoways to look at this. One is the president said i need a favor. At the time he said i need a favor the president of the ukraine realized that President Trump was holding up 390 million which had been authorized. Charles objection. Leading the witness. Yeah, right. Charles what do you mean . Lets go through this. Because some people havent read this yet. When the president zelensk
I love all three of these people. Individually in different ways. Again you all bring such intelligence and such insight. In rigorous honor dash mike honesty to the conversation. Peter teal who spoke with maria on google. The radio host a. M. 970 and saturday night live alone on the canceling the movie of the hunt. In the Energy Analyst global head. You dont want to miss any of these coming up. U. S. China trade. The economist saying that fears of a u. S. China trade war are increasing. And that they no longer expect a trade deal before the 2020 election. President trump threatening to impose a threat on september the first that would mean that every dollar of imports into this country has a tariff on it. Protest in hong kong still ongoing with over 100 Flights Canceled at the airport today. This is a rough start. What do you make of the Goldman Sachs call. I was talking to a bunch of traders who in an observation the trade war is not impacting just our economy but impacting all global
In europe and japan, Government Bonds pay no interest at all. In fact, when you buy a Government Bond there, you dont even get all your money back. Never in Human History has the lender paid the borrower. Rates are tumbling. This amounts to a worldwide race to the bottom in Interest Rates. Where it leads, i dont know. But its now very likely that our Federal Reserve will drop rates aggressively from here on out, simply to keep pace with everyone else. If they dont, the u. S. Dollar will keep going up, keep disrupting our trade and our economy. I thought that with all this free money flooding into the world, that a lot of it would go into the stock market, our stock market. That is not the case, at least not right now. The dow will open with a big drop, over 250 points to the downside and there will be losses on the s p and nasdaq as well. Other markets are convulsed by it all. Look at gold. Theres a rush to the safety, what they think of as the safety of gold. Its back above 1500 an ou