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rachel: it s great to be back in new york city and the team is back here in studio and still cold in new york p. we saw the earlier photos of daytona and going why weren t we back there? it s true. pete: rock island due west of chicago in northern illinois. rock island, illinois. clearly on a river. i should know what river it is, i don t. google maps not updating fast enough. will: what did you say? pete: on the border of illinois and wisconsin. no, border of illinois and iowa. will: mississippi. pete: that little mississippi thing that goes from the top to the bottom in louisiana. yeah, rock island. rachel: somebody that also doesn t understand the geography of the united states or doesn t want to go places he should be is president joe biden who s saying, you know, i m just not going to go he officially announced he s not going to go to east palestine and here he is dismissing the criticism of the handling of the issue. three weeks now since the toxic train der ....
the end of the tunnel, more investors by day s end concluded it was a train coming at them and fast. to susan li with what went down by stocks going way down. susan? you re right. we did close off that bear market level. the dow jones industrials sub 30,000 now. the lowest close that we ve seen for the dow jones since november 2020. that means the last two years of gains have been wiped out. you have fear an wall street at the highest in three months. several factors here affecting sentiment. that includes the on going war in ukraine and also a stark realization this week that the federal reserve and chair jay powell is serious and adamant to keep raising interest rates in order to kill and bring down 40-year high inflation. 75% of wall street now expected interest rates to cross 4% in november this year. that means you re getting the highest yields on ten-year government bonds in 12.5 years. so the good news here is that higher rates is destroying demand. that s brin ....
Curiously, the newest versions of Microsoft Word will gently chide you for using a word that may be politically “incorrect.” The word “insane,” for instance. My old version of Word lets me write, “Governor Gavin Newsom is insane,” without any attempt to flag it for inappropriateness. New Word apparently flags it and suggests a less […] ....
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