We will ask. Bear in mind its a volatile market. Who knows how we will close today. Now, heres the really big reversal. Yesterday, that key interest rate, the tenyear yield, had dropped to 1. 59 . It was a massive move. Now its 1. 73 . A massive move in the opposite direction. Heres the question. If that bond was a safe haven yesterday, why is it not today . We will ask. Breaking overnight. I. C. E. Raided Food Processing plants in mississippi, apprehending 680 people believed to be illegals. The left is all over this one, describing the arrests as horrifying and horrendous. Mississippis governor will be on the show later this hour. Lets get right at it. Varney company starts now. Stuart start with the markets. You have to. Another wild reversal. Michelle mckinnon is with us. Tell me, what was that all about . A couple things. I think the market is now pricing in that 10 additional tariff, really wouldnt be the end of the world, because lets face it stuart the reversal. Thats why we re
In europe and japan, Government Bonds pay no interest at all. In fact, when you buy a Government Bond there, you dont even get all your money back. Never in Human History has the lender paid the borrower. Rates are tumbling. This amounts to a worldwide race to the bottom in Interest Rates. Where it leads, i dont know. But its now very likely that our Federal Reserve will drop rates aggressively from here on out, simply to keep pace with everyone else. If they dont, the u. S. Dollar will keep going up, keep disrupting our trade and our economy. I thought that with all this free money flooding into the world, that a lot of it would go into the stock market, our stock market. That is not the case, at least not right now. The dow will open with a big drop, over 250 points to the downside and there will be losses on the s p and nasdaq as well. Other markets are convulsed by it all. Look at gold. Theres a rush to the safety, what they think of as the safety of gold. Its back above 1500 an ou
When someone is cruel or acts like a bully, you dont stoop to their level. No, our motto is when they go low, we go high. And scolded by Sarah Silverman. The comedian gets serious with sanders supporters. Can i just say to the bernie or bust people, youre being ridiculous. Good morning from the studio 57 newsroom at cbs headquarters here in new york. Good to be with you, im annemarie green. Well, at the Democratic National convention today, history will be made when Hillary Clinton is formally named the democratic president ial nominee. Last night it was an effort to turn discord into unity in the anger over the email hacking scandal, outgoing chair, Debbie Wasserman schultz did not make an appearance to gavel the convention open. The last speaker was Bernie Sanders who called on his reluctant supporters to put aside their animosity and rival behind his former rival. Hillary clinton will make an outstanding president and i am proud to stand with her tonight. Thank you all very much. A
Stage. But we begin with your eye opener, your world in 90 seconds. Based on her ideas and her leadership, Hillary Clinton must become the next president of the United States. The democrats seek to unite in philadelphia. Because of Hillary Clinton, my daughters and all our sons and daughters now take for granted that a woman can be president of the United States. The biggest part of her speech was the optimism. I mean, convention will be that america is a great place. This was supposed to be the greatest coming together, the unity. It started out in chaos. She suffers from bad judgment. Her instincts are defective. She is low energy. Shell go home. Shell take a nap for four or five hours and shell come back. No nap for trump. No naps. I dont take naps. Huge flames raging out here. A Massive Wildfire forced thousands of residents to flee their homes north of los angeles. I cried all day yesterday. In japan, Police Arrested a man after 19 people were established to death at a home for di
Bully you dont stoop to they are level. No, our moto is when they go low, we go high. And scolded by Sarah Silverman. The comedian gets serious. Can i just say to the bernie or bust people, youre being ridiculous. Good morning from the cbs newsroom here in new york, here in new york, good to be with you, im annemarie green. At the Democratic National Convention History will be made when Hillary Clinton is formally named the president ial nominee. Last night it was an effort to turn discord into unity in the email hacking scandal, outgoing chair, Debbie Wasserman schultz did not make an appearance to gavel the convention open. The last speaker was Bernie Sanders who called on his reluctant supporters to put aside their animosity and stand behind his former rival. Hillary clinton will make an outstanding president and i am proud to stand with her tonight. Thank you all very much. A new cnn orc poll shows donald trump leads clinton by three percentage point. Its trumps best showing agains