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Worlds second largest economy now close to an ugly Tipping Point for u. S. Manufacturers and businesses . Former reagan economist art laffer literally wrote the book on the trump economy. Art laffer is here and hes about to answer that question. We will also ask is the rocket fuel from the tax cut running dry . The r word for recession taking a back seat to the o world, obliterate. When the president used it pertaining to iran, thats all it took to see a massive pileon into safe haven investments, a pileon that is continuing at this hour. Look at gold at the moment. That is a 15month high of 1,428 per troy ounce. You can see red on the screen for all major indices. Plus, i just said rocket fuel. How about spacexs heavy launch. You wont believe how many satellites they strapped to this rocket and got back up into orbit. The Federal Reserve chairs risk analysis and charlie brea ....
Funding for the humanitarian crisis at the borer. The white house threatening to veto and progressive democrats say the current bill doesnt go far enough. Well have the latest on a state of play. On the eve of the first democratic debate, 2020 hopefuls hitting the stump in florida, amid new concerns the campaign will soon turn into a bloodbath and ultimately weaken the candidate that challenges President Trump. At the white house the president is threatening to use, quote, overwhelming force against iran as tehran declares a permanent end to diplomacy with the United States. Melissa we have fox Business Team coverage. Jackie deangelis on the floor of new york stock exchange, blake burman at it white house and susan li is in the newsroom. Lets start with blake. Reporter you have dueling comment today from president of iran ....
Schumer calling it, quote, an agreement that is very good for the american people, and a, quote, genuine breakthrough. Mcconnell and schumer coming together, putting together this deal, which by the way, pours money into the military and into domestic programs like opioid addiction and support, but wait till you hear whats not even mentioned. It is possible the markets are back to business as usual after three sessions of intense gyrations, stomach churning falls and dramatic climbs . The s p is calm as a cucumber, nasdaq down 41. We here at the claman countdown, its not over. Today has endured a 500 point pluspoint swing. You cant say all quiet on the western front. There is zero guarantee at the moment. As we thought things are settling down, we start swinging like a pendulum. Whats going on . We point to this. With the dow up 94. Volatility woke up from month long hibernation last friday when Rising Interest Rates sounde ....
His parents arpz birthcase. A look at todays eye opener. Your world in 90 seconds. Investigators are looking into whether the las vegas shooter actually scoped out other music shows prior to sundays massacre. Gun control Takes Center Stage following the Las Vegas Shooting. The National Rifle association announcing its in favor of tighter regulation of bump fire stocks. The norah has said ought to take a look at that. We didnt say ban. We didnt say confiscate. President trump could begin to dismantle one of the obama administrations biggest agreement, the iran nuclear deal. They have not lived up to the spirit of their agreement. Republican congressman tim murphy from pennsylvania caught up in a sordid scandal after admitting he urged his former mistress to have an abortion. We move on to the next chapter as well. ....
Cbo chief dug elmendorf, Donald Marron are in the chairs with complete break down what this all means to you. To wall street right now though. In of itself a breaking story, stocks fighting to stay in the green. We race toward a record close for the dow. The nasdaq briefly turned negative past hour. Dow at one point had been down one point. High as up 35. Things could change at any moment of course. Yesterdays loser is todays shining star. The Retail Sector bouncing higher after target boosted its guidance, saying retailer is doing pretty well in face of competitive environment. Translation, amazon. Right now target up nearly 4 1 2 . Target taking other retailers along for the ride. Jcpenney, macys, look at kohls, up nearly 5 . Walmart. All seeing green, not just a tiny bit. Not just up 1 . Jcpenney up 7 . Still a 4. 95 stock. By the way, walmart is one of the toppersage gains ....