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China is the manufacturing workshop of the world and its shrinking, manufacturing, shr k shrinking at its fastest pace ever. This is an astonishing move into the safety of tenyear u. S. Treasuries. At one stage that yield had dropped all the way down to an alltime low of 1. 03 . Right now, we are at 1. 08 . Historically very, very low. The virus is the problem. We do not know how much our economy will slow if large numbers of people are quarantined and people are unwilling to go out and shop and travel and mingle. We have these developments on the virus. Deaths, two deaths in what appears to b...

It was being called the christmas protest. Three big hours for you. Buckle in. Merry christmas. Varney company about to start right now. Charles huge gains for the markets this year. The calendar year, in fact, has wall street looking extraordinarily well. Want to bring in market watcher Rebecca Walser on these gains and of course, at this point in time, we always look ahead. What do you make overall of this market, considering all the negative headlines, all the negative speculation . First to have this kind of market is really remarkable. Charles, it is. Merry christmas. Im having such a gre...

Attending the service for the first time and people have been queueing for hours to see the royal family. Those will be one of the main draws for people coming down, a chance to see two of the youngest members of the royal family. This is such a tradition for some people. It is a tradition for some people. It is a tradition for some people. It is a tradition for the royal family to attend church on Christmas Day but actually, now, the circle we saw in the sky earlier they have made it into a smiley face. Hopefully the cameraman can show you that. They have done a little emoji for the royal fam...

Continuing a trend that shows so far, university of michigan sentiment, other surveys were doing okay and things are going okay. In the middle of all of that, you have a report out of fedex saying were not doing okay. Telegraphing problems because of the trade war. The trade war is one of the big reasons why the fed will supposedly move today. It is all in what the fed lays out after it makes its move. The consensus seems to coalesce out of quarterpoint cut to Interest Rates. Would bring overnight lending rate from 1. 75 rate to 2 , from around 2. 25 we are right now. That can jostle wildly. L...

Heres the jargon, the yield curve inversion. This is fed day and a very big day. In advance of the official word on rates, stocks have been all over the place this morning, up and down, moment to moment. Right now we are looking like a loss of maybe 112 points for the dow and down 45 on the nasdaq. This is whats hitting the market, china. China says it will impose 5 to 10 tariffs on 75 billion worth of u. S. Goods. That is obviously a negative for china trade. Its escalation and therefore, bad for the market. Elsewhere, later today, the president leaves for france for the g7 summit. Interest r...