I will talk about that with rnc chair ronna mcdaniel. All that and more coming up on making money. Charles well you could call todays session a random walk down main street. This as the biggest percentage winners include auto dealers like carmax, casinos like m gm, retailers like roth stores and furniture makers leggett and platt. This as looks like economy will open across the country. Wall street experts say the move is too early and far too optimistic. Lets get what our market pros see what they think. Shah gilani and erin gibbs. Erin, let me start with you. The idea maybe this is too much optimism. Wall street hates it but the more hate it the more the market seems to rally. We are, many of us are cautiously optimistic. But im definitely concerned at how stretched some of the valuations are looking forward though. It is very hard when you talk about value because you really have very little visibility on what the actual earnings will be. But certainly there have been a lot of predi
Continuing a trend that shows so far, university of michigan sentiment, other surveys were doing okay and things are going okay. In the middle of all of that, you have a report out of fedex saying were not doing okay. Telegraphing problems because of the trade war. The trade war is one of the big reasons why the fed will supposedly move today. It is all in what the fed lays out after it makes its move. The consensus seems to coalesce out of quarterpoint cut to Interest Rates. Would bring overnight lending rate from 1. 75 rate to 2 , from around 2. 25 we are right now. That can jostle wildly. Lets get the read on all of that Charles Payne, thank you for helping out on your world yesterday on fox news. What do you expect first off . 25 basis point rate cut in part because the wall street expects it, to such a degree yeah it is. If you think a trump tweet is tough, wall street selloff of several hundred points. I mean they, they really have the market cornered when it comes to temper tant
Points, too. The nasdaq, 2. 7 from its high. It will open today again, on the upside maybe 30 points. New trade figures suggest chinas hurting badly from the trade fight and weekend disturbances in hong kong suggests xi jinping still has a problem in his backyard. All of that suggests President Trump has a strong hand to play in the china trade fight. Quick look at Interest Rates. Another positive for stocks, maybe. The yield on treasuries no longer inverted and rates have at least for now stopped their plunge. Look at that. The tenyear almost at 1. 60. Troubling developments for the vaping business. The cdc now reports five deaths related to vaping, and its recommending that people stop doing it while they investigate the safety. Heres the question. Regardless of what you put into a vaping device, does the act of putting any vapor into your lungs cause harm . Big deal for the vaping business. Weve got news on at t, news on apple, amazon is hiring big, and what would you do if you woke
In the United States, are expected them to cut rate another quarter point, dropping the ball on all of this and president declaring not even two weeks ago that hes an enemy, reminder how easy it is to make friends in the city, dow 75 points, lets get the latest first on the trade front on whats going on there and growing talk that at least the talks are back on and so far no one is throwing dagerds. No one is throwing at each other, the jobs are fundamentally strong, 130,000 jobs in august, 3. 3 over the past months, the white house economic adviser say it doesnt really matter that the jobs missed the estimate because the Labor Force Participation edged up. The people on the fringes of this come are coming in and getting jobs, if you peel back some of the numbers, consumer is still spending and thats in construction 14,000 jobs in construction, half in Residential Home construction, people buying homes, consumers are buying, the other half divided among specialty trade construction and
Night, more specifically the president of the United States, and, the iranian mullahs there, now of course, being fingered by the president not knowing meaning of word, nice, insulting statements. He says no more john kerry and barack obama. That is just for starters. Blake burman with the latest from the white house. Reporter you had dueling comments coming out of the president s of iran and president of the United States. First from iran, iranian president rue hassan rouhani. The iranian president called those sanctions quote, outrageous and idiotic. He also shot down the idea of any potential future negotiations between the nations adding, quote, they tell us to negotiate with them. If you are truthful and want to negotiate, why do you sanction or foreign minister at the same time . It is obvious that you are lying. Well that clearly caught the attention of President Trump as he took to twitter and fired right back, threatening at one point obliteration, saying quote, irans very ign