Dow advancing 47 points. S p gained. 52 . But the nasdaq jumped. 9 . Hallelujah with todays strength its important to note that the nasdaq and s p both finished the month of february at record highs. Something i regard as quite simply amazing given all the woe and worry that we endlessly hear about. What fueled todays rally . Its actually a complex formula of emotion and Empirical Data ware widespread sense of negativity gets proven wrong and remember, why we like stocks shines brightly. Smashing the allencompassing gloom. The house of pleasure lets start with the setup. We get data from all sorts of places the census bureau, bureau of statistics, bank of st. Lou, s p global, commerce department. Often these figures dont mean a hill of beans but periodically when the fed is in play they can mean everything. Especially if you know that the fed cares about some pieces of data more than others. Right now the fed is very much in play. Weve been getting some hot Economic Data of late. They
11 basis points higher for your aussie 10year and we are ever so closer to hitting 5 for the u. S. Dollar yield. You are seeing a lot of the pain, the malaysian ring in the lowest since 1998. The south korean won, despite the bank saying they have to stay restrictive for some time. We are watching thailand and watching india, too. Rishaad absolutely. Having a look at what is going on in bangkok. That market just opening and having a look at what is actually happening. The index falling about. 9 at the start of the session. Looking at also the rupee in particular. Just off the day before yesterdays record low, so edging toward that as the dollar is marginally stronger. An fte futures indicating what is going on in the region and reflecting that. Not Much Movement for the but the bhat. Yvonne weaker home prices out of china. The middle east conflict weighing on markets this morning. President biden signaled his backing for israel as a vows to crush hamas, and during that 7. 5hour trip to
By 0. 1 . In the last 24 hours, the president of the United States is heading to israel. Tom per is no other story today. There is no other story today. He is basically traveling to a war zone. Jonathan he wants to present prevent the conflict from enveloping the whole region but how to develop a plan to get aid into gaza. Lisa thats one of the key components with the talks with tony blinken. I find it interesting that President Biden will be going to israel and going to jordan right after, entering the zone with Security Issues and Strategic Issues and have the u. S. Will influence this. Tom im reading on the turkish war in world war i and its amazing the parallels to right now. We are out front on diplomacy. Someone asked the secretary of state where hes been and he said he can remember. They have parallels to 1914 as they try to avoid war. The daily mail in london today talks about the tunnel structure of hamas, 40 feet underground and maybe as many as 300 tunnels. Thats the reality
Start. How do you start six months, andrew, in terms of the markets and the economy and what weve heard from the fed. Its like a tolstoy novel. You could do a month and it would take a half hour to go over everything we have seen you throw in a. I. And his investments around the world and you remind yourself 30 years 30 plus every year. That is almost its an amazing thing probably will never been done again. I dont know how it was done once unless you made some deal with someone who knows these things to do that well is spooky. Its scary i guess it comes from being smart. Were okay. Hes one of the smartest when it comes to these issues that will be 25 minutes of stan hes going to be in your chair you got to give your chair to someone. I would warm it up for stan. Perfect lets check the markets which well be talking about at length today u. S. Futures indicated up about 78 points. Mixed on nasdaq which is off a little so much of it has to do with a lot of what we are talking about which
He says there are serious and credible allegations and listed abuse of power, obstruction and corruption. The white house calls it red meat for the extreme right wing. Senior Congressional Correspondent chad pergram has details tonight live on capitol hill. Good evening, chad. Bret, good evening. House speaker Kevin Mccarthy talked about impeachment for weeks. Now he is doing something about it. I am correcting our House Committee to open a formal Impeachment Inquiry into president joe biden. This is exactly what many conservatives clamored for since summer. The entire biden family has been enriched by tens of millions of dollars. They sold out joe bidens power. Republicans say the allegations warrant investigation because of the socalled Sweetheart Deal hunter biden was initially offered in the presbyterian into his business dealings. It appears that the president s family hab offered special treatment by bidens own administration. Treatment that not otherwise would have received if t