The New York Stock Exchange and as i said, countdown to the closing bell is not going to take any breaks and that decision is made because we are watching a mighty tumble and struggle here. Folks, its a very fastmoving one. Dow and s p 500 are on track for their worst week since january of 2016. Tech and financials are pretty much the hardest hit fears of inflation and of course higher Interest Rates rearing their heads once again. Let me start with Interest Rates the rising 10 year treasury yield started the whole thing last friday when we lost 666 points on the dow and by the way were down 600 right now. Intraday, today, the 10 year treasury yield briefly revisited the four year high of 2. 88 that it had hit remember this early monday sort of overnight before many of you were awake. That sparked an 1100 point blood bath back on monday for the dow. To date we touched that level and were now off slightly at 2. 85 . Nasdac, look at this folks at the low of the session today the nasdac w
Things have changed in the last couple of seconds here. Meanwhile at the white house, President Trump meeting with some of the biggest labor leaders in the nation. President trump talking trade, jobs and the economy with the leaders of the teamsters, the steelworkers, the auto workers and other trade groups. This after team trump released Economic Outlook earlier this afternoon. The president s council of economic advisers came out with numbers and the numbers disappoint, if you had been hoping that what the president said on the campaign trail would come true. Well get those be ins to you in just a moment. Bob nardelli, grandson of the Biggest Companies in the nation, hell tell us whether this Economic Team of the president s should have come up with a more solid number in this very wide ranging forecast. And we will introduce you to the ceo of a company that is planning to take on the likes of apple, fitbit, garmin, polar, all of the Wearable Companies with his own wearable. What mak
Tries to recover from yesterday. The premarket is up. Alcoa and pepsi on the tape. They continue to lean on short siders. The tenyear is up and crude is up and oil is back. The imf trimming the global and u. S. Forecast seeing World Economic growth of 3. 3 for the year. U. S. Growth seen as 2. 5 compared to a prior 3. 1 . Not a surprise echoing what the oed and others have done. You have Christine Lagarde telling our fed, guys think twice before you raise. You is want to remember they are a tough organization. There is a lot of feeling the imf must be a bunch of softies. They are very tough. They are very concerned. Merkel is the naernperson that can shut down greece more than Christine Lagarde. It confirms what people felt was behind the two days ago rally, the fed wont be tightening. When you dont talk about them you start getting a little emboldened. Not to say you like the setup. This market is not suitable for a lot of individual investors. I do think when you criminalize short se
Set for 2016 and both u. S. And canada, this could be the last chance for a last agreement. Negotiators, where do they hit a snag late last night over dairy imports and exports along with patents on prescription drugs. A deal would solidify the president s muchhyped pivot to asia. Economists say it would be a 77 windfall for the American Economy 77 billion windfall. Donald trump, Hillary Clinton, joe biden, of course the markets. Fox business exclusive with miracle man, 1980 u. S. Olympic team hockey goalie jim craig. Folks, get out your wallets, he is about to sell the miracle on ice jersey, gear and even the gold medal. Well show it to you all. Less than an hour to the closing bell. Lets start the county down. Liz now way, hawaii, is ground maui, hawaii, is ground zero. Tpp as it is known. Ministers from 12 nations are working fever like what many say could be most important global deal in history. Playing out on sandy beaches in maui, not even part of the talks might be muscling in,
Bill ackman taking 5. 5 in mondalez. Those subscribers worries that originated with disney. A trio of stocks tesla, Green Mountain and fitbit, hit hard. Our top stories are mondalez shares spiking. Bill ackman disclosing that 5. 5 billion shake in cadbury. They welcome Pershing Square as investors and will continue to focus on executing our strategy as we look at another sector where mass sick consolidation is the play. We have been through airlines and health care. Now, it is food. We can remember that nelson felts has a 2. 9 stake. I have to turn to you, david, with more than 10 being held by you. I have to expect that. Thats got to be the expectation in terms of the play for ackman jim. You and i have talked behind the scenes about what it was going to be. I have been chasing this for some time as many have. I have probably put on alert more bankers than we know about. I thought, what could it be what could it be . I dont think any of us would have expected it would be mondelez. The