All that and much more on making money. Charles an indifferent session became one of high anxiety and selling. There is debate what is impacting the market most. First the World Health Organization held the coronavirus update, noting that iran finally reported numbers of those infected including two deaths. The doctor portrayed a race against time arguing the window of opportunity to contain the virus remains open. He urged everyone not to squander the chance to arrest this situation also noting that the window may close. That coupled with reports that u. S. Hospitals are gearing up for a pandemic triggered the selling. Then there were also comments from fed vice chairman Richard Claire reed today, who threw cold water on potential fed rate cuts this year, noting that the u. S. Economy is strong and in his opinion most Market Participants dont expect rate cuts this year. Weve got some major Market Participants who will weigh in on that. Meanwhile the selling is swift and has since stab
On making money. Today im proud to declare that the United States is in the midst of an economic boom the likes of which the world has never seen before. U. S. Stock markets have soared by more than 50 since my election, adding more than 19 trillion to household wealth. Charles President Trump launching the explosive American Economy in davos, citing unemployment rates, Household Incomes and of course the stock market. America is the best economy in the world but what challenges does it face in 2020 . I have a allstar panel for you in studio. Money map press chief, Keith Fitzgerald and Shah Ghailani and Technical Strategist dr barton. Let me start with you. We pot major breaking news ten minutes ago with boeing now saying that their plane wont get faa approval until maybe july. So if 180 points on downside, 90, boeing, number one component in the Dow Jones Industrial average, in a freefall at this moment. So there are things that can delay this rally. Were looking at one of them right
All of this one day after a the president signed an unprecedent trade deal with china putting in prospect more economic growth, more job, a stronger relationship with china. The president on his run of record achievements in just two days. Usmca passed senate one of the biggest state bills ever made and yet today you know china passed and something that is extraordinary. And it is going to be tremendous far reaching effects including our relationship longterm with china. Our farmers and manufacturers and bankers its jobs like weve never seen before and something very special and usmca a passed by a comfortable vote very high vote. We are very proud to have that. So weve done two of the biggest trade deals they are two biggest trade deals in the world ever done, and were honored to have done them. And investor s today express something close to jubilation over the president s reshaping of not only u. S. Trade. With with china, and north america, but a new balanced and reis sip are a cal
President signed an unprecedent trade deal with china putting in prospect more economic growth, more job, a stronger relationship with china. The president on his run of record achievements in just two days. Usmca passed senate one of the biggest state bills ever made and yet today you know china passed and something that is extraordinary. And it is going to be tremendous far reaching effects including our relationship longterm with china. Our farmers and manufacturers and bankers its jobs like weve never seen before and something very special and usmca a passed by a comfortable vote very high vote. We are very proud to have that. So weve done two of the biggest trade deals they are two biggest trade deals in the world ever done, and were honored to have done them. And investor s today express something close to jubilation over the president s reshaping of not only u. S. Trade. With with china, and north america, but a new balanced and reis sip are a call trade model for all u. S. Trad
Which is a good thing for all parties concerned, and a very good thing for the world. As we continue to evaluate options and in response to iranian aggression, the United States will immediately impose additional punishing economic sanctions on the Iranian Regime. Neil we have not heard a response as yet from the Iranian Regime in response to the president s remarks. Earlier this morning the response to the attacks that were leveled at this american facility in iraq was that there would be more to come. We go to the cow guy, scott shellady, on the impact of all of that. How do you think this is sorting out thus far . Always risky to come to any conclusions before we know what happened, but what do you think . There still could be, well probably still have some scares. Who is kidding who. I was up every two hours last night checking markets to try to build a picture for myself coming in today. This is dramatic turn around from last night at 10 00 a. M. Central. Its a pressure cooker. We