David it is shaping up to be a very interesting friday. The stories of north korea. Dollaryen giving at the moment. The moment. T this activity story of cutting ratings in china. Already know. T we basics, the core of the issue is the amount of debt on the chinese economy has outpaced the size of the economy. It might not be the same as back in 2009. To othercompare china developing economies, that should not be at these levels. Downgrade. S haidi are the ratings agencies behind the curve . People who have been watching china has been saying this is a ticking time bomb. At one point we are going to have to deal with this. Just kicking the can down the road instead of the leveraging deleveraging. They getting from the amount of credit being used to drive growth. Not really a happy friday for asian markets. More riskturned a bit off. Trading higher from the session low. Of northr a report korea saying countermeasures may mean an hbomb test. When you look at what is happening with the eur
Closing up for the fourth week in a row the nasdaq once again closing at another high and lets take a look whats been happening in asia overnight markets in japan and south korea are closed for public holidays. You did have the china markets open with the shanghai markets being closed after a week long holiday. That index was up by. 7 of a percent. In europe this morning in some of the lerl i traearly trading, like things are relatively flat. Slight declines, very slight declines in germany and france the ftse down. Spain is up by. 7 of a percent finally, check out crude oil prices and youre going to see that right now it looks like wti is down by by 10 cents still below 50 a barrel at 49. 20. Thanksgiving in canada. Today unless someone is playing a joke on me they tweeted that in there i dont know what that means exactly. Is it the same they didnt have. Turkeys, pilgrims thats our holiday, isnt it . One of ours. Come on, joe. It can be a totally different reason to give thanks maybe.
Get tax cuts done by thanksgiving or at least christmas and telling republicans to get it done or lose next years elections. Hes calling Republican Leaders and hes going to capitol hill to rally the troops and invoking Ronald Reagan. He needs 218 votes in the house, looks like he will get them and he needs 50 votes in the senate, hes got a very good shot at getting them too. Thats what investors are looking at. Thats why they are buying again this monday morning. So sit back and watch the trump rally roll on. Varney company is about to begin. Its morning again in america and under the leadership of president reagan our country is prouder and stronger and better. Why would we ever want to return to where we were, less than four short years ago. Stuart remember that . Ronald reagans morning in america campaign. That was an ad from 1984. Now, this weekend President Trump evoked that very same message in a usa today oped touting his tax plan. There you go. Morning in america. Its working.
More time in space than any american. Only on cbs this morning, she delivers a note to her younger self that she began to write in orbit. But we begin this morning with a look at todays eye opener, your world in 90 seconds. It just come to light and i just read about it. Its very, very disturbing. What a devastating, nasty story. He should step aside if the allegations are true. Sexual misconduct allegations rock gop Senate Candidate roy moore. Roy moore allegedly engaged in Sexual Conduct with young teenagers. The way they came after judge moore today, this is politics and personal disruption. Louis c. K. Facing allegation of Sexual Misconduct. The special task force in l. A. Has been launched to deal with the overwhelming number of hollywood sex scandals. President trump in vietnam and questions whether he will meet with russian president putin. There it is, you see a handshake, will there be anything more than that . Get ready for the coldest air of the year so far. The arctic air m
Allegations against him are true. Details on the fallout, and fields of green. The oncestruggling business of hops farming. Well take you to the area for 75 of its production. We begin with a look at todays eye opener, your world in 90 seconds. Do you remember dating girls that young at that time . Not generally, no. Roy moore speaks out and fights back. Moore supporters portraying the former judge as the victim of a politically motivated fear campaign. Roy moore is the victim. I believe he is the victim of a political hack job. The voters there really think it is another establishment hit job. Shocking allegations from gold medalwinning gymnast aly raisman. You were saying you were sexually abused. Yes. Absolutely. By the National Team doctor. While you were out there representing your country . Yes. We saw trump and putin together crossing path, in fact, several times at the a. P. E. C. Summit in vietnam. You have to move over. The driver of a stolen pickup truck in oklahoma is in cu