inflationary fears gripping the bond mark. a ten year note and a lot of mortgages attached to that is close to 4%. the highest in more than three months. oh, yeah, existing home sales fell for the 12th straight month. then there s the global concerns. welcome. i m neil cavuto. this is your world. we had more red than green and a lot more questions than answers as to what happens next. add all of those domestic concernses with now international concerns. vladimir putin saying he s pulling out of the nuclear treaty with the united states. within hours, confirmation from china that xi jinping, its leader, will be going to russia and maybe providing lethal weaponry to russia in the battle in ukraine. this is all coming at a time when it looks like the global environment is fracturing as the market environment is hemorrhaging. is that justified? are we putting the kibosh on this market rally too soon? who better to go to than gary kaltbaum. what happened today? i think it s a
he told cnn the panel will present evidence showing state officials who stood up and said they wouldn t go along with this plan to either call legislatures back into session or decertify the results for joe biden and will connect the bid to submit fake electors to overturn the election straight to the former president. that is what schiff says. now, as investigators watch for where the markets go this week, days after the federal reserve increased the key interest rates three quarters of a percentage point and the dow navigates fair market territory, the administration was out in full force over the weekend with a consistent message that recession is not inevitable, recovery is possible. watch this. well, i expect the economy to slow. but i don t think a recession is at all inevitable. recession is not inevitable. the president really wants to have a steady and stable recovery. not only is a recession not inevitable, but i think a lot of people are underestimating the s
market environment is hemorrhaging. is that justified? are we putting the kibosh on this market rally too soon? who better to go to than gary kaltbaum. what happened today? i think it s a 1, 2, 3, 4-5 punch. let s start with interest rates. a direct correlation with rates going higher and the market dropping since mid 21. the yield has gone from 3.3 to near 4. that s the cost of capital going up. a one-year note is 5%. 5% risk-free. people start thinking about that also. and then add in everything else you said. when walmart, they only do $150 billion in revenue saying customer may be in trouble. home depot customer may be in trouble. then you have what s going on
has to do with confidence. that s why you re seeing the biden administration in full force coming out and saying it is not inevitable, but it is hard to have confidence when you see the market dropping as much as it is. for sure. alison kosik, thank you very much. we ll see what happens when markets open tomorrow morning. catherine rampell is here. i m so glad to have you on, on alison s great point, when we re talking about whether we re going to see a recession or not, we don t usually know until we re in it or it is over. i thought it was striking the economists said 44% of them said recession will happen the next 12 months, up from 28% who said in april and when you have numbers like that, you re usually already in a recession. so the point you make is be careful because you can talk yourself into a recession. right. make the case. well, there are a lot of reasons to believe that the risks of recession have grown in recent months, particularly since inflation has been highe
person. now we re left with people who are yes men, whether it be a mike pompeo or john bolton or others. these are individuals who have not demonstrated any backbone or spine in terms of standing up. jim mattis i think he s been true to who has been throughout the course of his life, which a patriot and dedicated and loyal to this country. john brennen just mentioned syria, iran, north korea and russia all pressing national security issues for the united states, and there are others we haven t mentioned. what s your reporting tell you what happens next? i think there are people inside the white house who really don t know what happens next. you could see this coming just looking at the relationship between these two men, but this happening today amidst all these other things that are happening, the government shutdown being right on the edge, the market dropping, there are a lot of other confirmation hearings that congress is going to have to take up come 2019. just so much on thi