After 10 00 this morning. The p has been calling for rate cuts and more of them, the reaction was essentially they didnt do enough. This is the president s tweet, the Federal Reserve shut asking, further ease and come into other countrys competitors. Were not on level playing field. Not fair to the u. S. Finally time for the Federal Reserve to lead, more easing and cutting. After that, jay powell gave his press conference, 11 00 here on the east coast and the chair of the Federal Reserve was asked whether or not there was any political pressure for this move. As he has, time and time again, he said no. Here was powell from earlier today. Well always make our decisions in the interests of the American People to Carry Forward and try to achieve mandates congress has given us and were never going to consider any Political Considerations whatsoever. We will not do that and it is very important that the public understand that. Reporter right now here in washington President Trump is speakin
The main u. S. Indices. Then we got a tweet from the u. S. President basically indicating that he think say trade deal could be possible. Hes going to meet with the vice premier tomorrow. Who knows . Youre getting 0. 8 up on the s p 500. Similar moves on the nasdaq. Even your small caps higher on the day. We talked to Alan Knuckman in the previous hour. He talked about a market that was to go up. We are seeing that kneejerk reaction with regards to any situation improving on china. 1. 35 . 1. 3 5 now your 10 year yield. We are seeing a tick up. Whether that will continue, we will have to wait and see. Dollar weakness for another day. We havent seen too many backtoback days of dollar weakness, but getting it here, down about 0. 2 on the bloomberg spot dollar index. We will talk about that more. Keep an eye on crude. Not just a big read on supply issues, but really on demand and what is going on in the Global Economy, whether that slowdown is to be believed. 0. 24 . Rude wti up about guy
jenkins. hi, griff. that surge coming in nine days. guess what? it s already here. that s why border officials are applauding the fact another 1,500 troops will come down here and assist and transport in an administrative role. when you have these surges, logistics are a big part of getting it under control. let s take you to the sky drone, this is brownsville, ground zero for the surge right now. what you re looking at is cam n monument. the blue and white tent. along the road here, the buses pull down and they get the migrants which are coming in droves. more than 2,100 migrants were in this camp right where i m standing. usually they have 200 or 300. we ve been on the river. let s show you migrants, 90% are venezuelan with the split screen. you can see the texas dps officers, the next national guard, border patrol trying to deal with. the other said, there s women and children getting on his crafts crossing dangerous currents. they re coming in unprecedented numbers here
i have to go to work. i don t know if my money is safe. the person with 100 million they worry about. it s scary times that we live in. neil: more americans are banking on more trouble, no matter the comeback of the dow today. they hope it doesn t show up at their bank. stocks decimated on bets more banks will fall and soon. black rock s larry fink calling it a slow-rolling crisis and one that steam-rolled pretty much over all stocks today, although we re off of our lows today. this is the good side you re looking at. at issue again, more banks with issues including credit suisse. its chairman insisting everything is fine despite being told everything is not find. now word that authorities are scrambling to help. republican senator james langford says get ready for higher fees. charlie gasparino on why so many americans are running to bigger banks and fast to get away from this. let s just say we re over this, all of this. welcome. i m neil cavuto. we re on top of the r
We have two senators being sworn in at this hour. We have doug jones in alabama winning surprising the state. The and the minnesota governor filling the seat for two remaining years of with tina smith of al frankens term. By the time the money runs out on january 19th, well get into all those particulars here. How the markets adjust to that or not adjust to that. We take it as a foregone conclusion it will all be done. Sometimes that doesnt work out that way. We have charlie gasparino. Lee carter, and shelby holiday. Shelby, there is a lot to do. I was surprised the sheer number of things. Really if you want to include every single item they like to get done, both parties, about a dozen items. Most are around immigration. Most are around to keep government lights on but can they get that done by the 19th . Some are necessary and some selfimposed deadlines. President trump says he wants to get this done and President Trump Given Congress quite a few did he lines as well. It may still hi