Government bond is attractive compared to risk in stocks right now. 283 on the tenure. Three, another problem is the internal workings of the market exotic product, robot trading up a pushing stocks to rapgd sell ising . As of now the dow is down 6. 5 so poor this week. With will open higher. Do not know how we will close or where well close. But back drop this morning is another chaotic night in congress. But we now do have a budget for the next two years. Thats not necessarily great news for investors. But bottom line on this republican budget Government Spending goes way up and so does the deficit. Again, were hearing the words, debt bomb. Varney company is about to begin. It changes so rapgdly that were going to show you futures all over again. All right we were up 100 now were up 60 youve got to watch this. Literally moment to moment. Wall street is on course for its worst week in six years. It has been a really qield ride for stocks just this week. These are the swings in the dow
Brigantine area, galloway you can see highway 30 here the ac expressway heavy downpours as well as lightning. Then well move up the road here and you can see around Barnegat Light, long beach forked river looking at lightning as well as some very heavy rainfall. That rain has prompted some flood advisories not only for Atlantic County but for sections of Cumberland County as well as a sliver of salem and also Gloucester County until 8 30 respectively and 9 30 there just due to the very heavy rain. Rainfall rates one to 2inches per hour in some of those cells. Getting a break right now in philadelphia. But west goshen some downpours for you also moving toward the norristown area eventually toward Plymouth Meeting as well as the abington area. Watching out for you but you can see a dry break right now around center city. We have that front thats moving through now but tomorrow well have to keep tabs off to the west for a threat of some Severe Weather. So by 7 00 oclock, most of the showe
Tries to recover from yesterday. The premarket is up. Alcoa and pepsi on the tape. They continue to lean on short siders. The tenyear is up and crude is up and oil is back. The imf trimming the global and u. S. Forecast seeing World Economic growth of 3. 3 for the year. U. S. Growth seen as 2. 5 compared to a prior 3. 1 . Not a surprise echoing what the oed and others have done. You have Christine Lagarde telling our fed, guys think twice before you raise. You is want to remember they are a tough organization. There is a lot of feeling the imf must be a bunch of softies. They are very tough. They are very concerned. Merkel is the naernperson that can shut down greece more than Christine Lagarde. It confirms what people felt was behind the two days ago rally, the fed wont be tightening. When you dont talk about them you start getting a little emboldened. Not to say you like the setup. This market is not suitable for a lot of individual investors. I do think when you criminalize short se
Buy . And jeb bush. I like what he had to say. Its time for america to get back to work. The left actually criticized him for it. I cant wait to get into this and hillary, deflecting criticism saying there was no subpoena for emails and proven wrong yet again. What difference does it make . Weve got a big day coming it does make a difference. Varney company starts right now. Were talking about over 3,000 stocks that trade here on the floor of the New York Stock Exchange that are still halted at this time. Do we need it anymore . And its an anachronism almost this is odd to me. I think theres something more that we might be missing only because behind the scenes we dont know whats going on. This market has proved completely side ways since this happened. I dont know if someone is pushing the pause button, but it feels weird. Of course we were all over that big story, Varney Company and the fox business network, this was the place to be when the news breaks, its always the place to be an
Orange. Were talking damaging winds in excess of 60, 70 Miles Per Hour we could see some Power Outages and more Straight Line wind damage. There kohls be isolated tornado tornado, small hail a threat, some downpours and also vivid lightning as we watch those cells kind of move toward our area over the next several hours hours. So you can see were pretty quiet, dry right now across parts of the area. However, as we watch how things play out, you can see by five, 6 00 oclock the activity starts to move toward the pocono mountains, Lehigh Valley and then it continues to move into sections of Chester County, montgomery, bucks county by 7 00 8 00 oclock. Watching some of those cells as well as watching the potential for a bowing company indicative of some Straight Line wind damage potentially boone 9 00, 10 00 oclock you can see it finally moves into parts of south jersey as well as central and southern delaware before it moves on out of here. So the bottom line the timing of the system sta