Because of the impeachment madness. But its an issue that affects so many people in america and around the world, economically, socially, inlt terms of how our communities are doing. That subject is immigration. We have a special guest who probably knows more about immigration policy than just about anybody else on the planet. Former acting director i. C. E. Andfo fox news contributor, tom homan. Hes with me for the whole hour. Thats all we are going to be talking about. You are the best person i can think of to look at every angle of this issue. I want to play something to remind our audience of what you have been through in terms of trying to advance the president s agenda on immigration. And some of the things that have happened. I want to start with a couple of months ago in congress. And i want to remind our audience of how important this issueal is and why its so important to you. Lets take a look. Do you not care . Is it because these children dont look like children that are ar
Still waiting for the French Market and the German Market to really get into their stride perhaps this morning. he british pound up around 0. 3 as we hone in on december 12. The Options Market is currently adjusting itself around that kind of timing. The dollar index is down by around 01 . 1 . s look at 0. Lets get a look at the sector perspective. And the outer space, what is good for one company doing m a might be bad for another. Financials looks to be an area of red, as does health care. A couple of areas of green coming through their but essentially read in both of those, as is staples. Utilities and staples looks to be fairly green. That looks a bit defensive on of what we are seeing here from sectors. One of the sectors we have focused in on a lot is the auto sector of course. The vw share price is trading higher, up by 1. 9 . There was no change in revenue on margin guidance from vw. Weve been speaking to the vw ceo, that is frank witter, about the cut to the forecast. Frank ma
Valley. The camera is moving around quite a bit. Take our word for it. In the area on the 405 in san fernando valley, you can see how traffic is. These are aerial shots, live. The smokes, the flames, if you know the area near the getty center, right in the heart of the san fernando valley, extremely densely populated sherman oaks, brentwood, mullholland drive, it is in the area of the wildfire that is spreading. I was talking i dont know if you can see. They have a Fire Fighting helicopter up. That is good to see. They need that. And Steve Paulson has been talking about the air quality, the winds in the area as well. It is a very, very fluid situation down there in los angeles. And certainly with this situation, steve can chime in here, winds are the story. Very, very low humidity is a factor. 8 for some. 8 by the getty. The winds are not as bad but im seeing 54 Miles Per Hour east of ventura. Really . It is not as bad for some. But there will still be off and on wind gusts around 50 i
Johnson joining us from our european headquarters. Headline number for me unchanged. Guy they will keep the they purchase facility are saying they do not have enough information to make a decision at this stage. Maybe at the beginning of august we may see a rate cut. Sterling has picked up on the back of that, no rise to see what is happening. We will have to wait a few more weeks before we get that decision. Everybody waiting to see what will happen. I do not know a reflection of whether they believe a rate cut will have zero impact on the u. K. Economy, or want to see the effect of the brexit referendum story will have. It a stronger pound, kneejerk reaction in the fx market, yields higher off the back of the 10 year gilt yields around 0. 7 . Is this to do with a lack of data . All we have is a confidence survey. A bit of data but not much. Sentiment about consumer there are not much indications that some businesses are delaying investment and hiring, some signs pretty brexit vote st
After five weeks of gains, setting the average lower despite good news about Consumer Spending and a strengthening u. S. Dollar. Investors lightened up on stocks as treasuries moved higher and crude oil and prices on other commodities continued to slide. At the closing of the bell, blue chop stocks down 61, nasdaq skidded 64, the s p drifted by about four, nasdaq off a fraction and the s p down more than 1 , as for the dollar it strengthened more than other currencies for the ninth week in a row. A big factor for todays slide, a big cause of actition one, when to raise Interest Rates, two, scotlands vote, which could send markets around the world in a spin, and three, alibaba, the chinese ecommerce giant, expected to be the biggest ipo in history, steve liesman, we begin with steve and the Federal Reserve. Reporter it could be a september fed meeting to remember, the central bank is a month away from ending its bond purchases or quantitative easing, there is speculation it could take s