Dangerous. Im sorry to anybody who had Money Riding on Fat Bear Foro to the news continues On Cnn with Wolf Blitzer right next door. In the Situation Room News whos a federal judge has just unsealed the huge trove of new evidence from Donald Trumps federal Election Subversion Case prosecutors outlining in green they detail trumps alleged crimes as he schemed to quote, perpetuate himself in power. The Special Counsels filing is already becoming a major issue in the race for the White House with Trumps Team claiming the u. S Justice Department is trying to interfere in the election on the heels of last Nights Vice President ial debate between Jd Vance and tim walz were also keeping a very close eye on the Middle East one day after a runs unprecedented ballistic Missile Barrage against israel amid Israels Incursion into Southern Lebanon our Cnn Team is in the lebanese capital of beirut which has just heard three loud explosions following an apparent israeli strike, will have a live report
Herman cain in a few moments. We all heard about the power of prayer. Some experts say there is actually Science Behind it. I will ask Jonathan Morris for his take on that. That and so much more on making money. Charles so the market meandering, with the dow and s p consolidating gains from yesterday. Nasdaq stemming gains for the year. Todays trading range is narrow. But that hasnt been the case for the year. In fact were seeing record volatility. Meanwhile professional investors are loaded up with defensive investments. Should you be following their lead . I want to bring in Divine Capital dani hughes, along with bny chief Market Strategist alicia levine. Before hitting those topics, ladies, i want your reaction to the overall market. Equities are acting great. Seeing perhaps a rotation out of bonds into stocks. Alicia, feels like everything is on the cusp of breaking out. Charles, let me say, great to see you again and great to have you back. Charles thank you. The market is bumping
I will talk about that with rnc chair ronna mcdaniel. All that and more coming up on making money. Charles well you could call todays session a random walk down main street. This as the biggest percentage winners include auto dealers like carmax, casinos like m gm, retailers like roth stores and furniture makers leggett and platt. This as looks like economy will open across the country. Wall street experts say the move is too early and far too optimistic. Lets get what our market pros see what they think. Shah gilani and erin gibbs. Erin, let me start with you. The idea maybe this is too much optimism. Wall street hates it but the more hate it the more the market seems to rally. We are, many of us are cautiously optimistic. But im definitely concerned at how stretched some of the valuations are looking forward though. It is very hard when you talk about value because you really have very little visibility on what the actual earnings will be. But certainly there have been a lot of predi
The wall street journal calculates that icahn will make 400 million if hes right. More on that in a moment. Lets get to the market. Down yesterday, and probably opening a little lower this morning. President trump says if china doesnt make a trade deal, he might raise tariffs even more. He also said hes very happy with china because the treasury has taken in almost 100 billion from tariffs. All right. The dow is going to open down about 80, s p down about 9, nasdaq down about 32. But all of them still right at record highs. In a couple of hours, really big meeting in texas. Apple meets the president. Tim cook meets donald trump. This is at the new mac pro factory in austin. Pivotal meeting. Its about building apple products in america. Its about tariffs on apple products. Its about china trade negotiations. It is a big deal meeting. Just as important, what will the president say to reporters when he leaves the white house . We will certainly tell you. Varney company is about to begin.
Rate of growth is slowing. Now, this hour, im going to ask the president s top economic adviser, larry kudlow, two questions. Are we going into recession in the next 12 months and secondly, what reverses this slowdown . Larry kudlow coming up on this show this hour. Heres the market reaction. Not bad. The dow industrials going to be on the upside to the tune of about 50, 60 points but its early going. You never know how we will close. The s p up about six. Look at the nasdaq, thats going to be up about. 33 . Nice gain. Interest rates virtually unchanged. The yield on the tenyear treasury, 1. 54 . By the way, a rate cut by the fed this month considered a probability. Another cut in december considered a strong possibility. All right. Time to take a look at the latest attack on facebook. Roll tape. What we need is a president with the courage to enforce the antitrust laws. Break them up. And yes, Mark Zuckerberg, im looking at you. Stuart all right. There you have it. Elizabeth warren, n