Am not talking about the Federal Reserve, i am talking with the Teamsters Union saying it will not Make An endorsement in the president ial race. Exactly why, we will ask Sean Obrien in an exclusive chat moments away. First, the Fed Cutting Interest Rates by half a point, the first Rate Cut we have seen now in more than 54 years, stocks bouncing around on the news, originally up more than 400 points, down A Hundred points after consumers with lower borrowing costs. It goes to have an impact on the upcoming president ial race and we are on top of all of it. Welcome everybody, on neil cavuto, first of the fed, that surprising cut, not that it was a cut but it was a big one. Kelly ogrady has more. That is why, that were definitely borrowed money today, the temperature coming out of today is that the fed if he was confident enough about its 2 Inflation Target but clearly wants to ensure the Labor Market is not cool off anymore. 50 Basis Points is a big deal especially because Jay Powell ha
The year dow is set for a record close, approaching 30,000 with 59 minutes left of trade. Up 1 2 on the dow sara 29,830 currently. Coming up todays show, we are waiting president elect biden to make some comments on the economy. His economic plan that should come any minute. We will take you there live. In the meantime, a rare interview with operation warp speeds dr. Slaoui he will weigh in on the moderna news and what the rollout will look like. Plus the positive vaccine theus with mark moabious his eye on emerging markets. And mike wilson saying next year will be all about earnings we will discuss with Morgan Stanleys chief u. S. Equity specialist mike santoli joins us. Meg tirrell has the latest on covid19 news. Eamon javers will go over president elect biden speech on the economy when we get there. Lets start with mike santoli. We below on the s p 500 where we were this morning, by about a third of a percent below last monday mornings high about a third of a percent but looking at
We have learned from past crises, the risk is not doing too much, the risk is not doing enough. We heard from the president there just moments after the latest briefing from his new Covid Health Care team. The encouraging news from that briefing is there is a third vaccine now on the horizon. Dr. Anthony fauci says the data on this Johnson Johnson single dose vaccine is encouraging. Dr. Fauci says americans should not be skeptical of a reported 56 effective rate. Getting shots in arms is taking on even greater urgency now because of the growing number of variants or mutations. Dr. Fauci says it will require onthefly adjustments to keep up with the new mutations. The briefings are Night And Day from the previous administration. Science dominates. This was interesting, too. A clear effort by the Democratic White House to include republican governors as it prays states that are doing a better job of getting vaccines off the shelf and into their residents. I want to call out seven states t
General just moments ago upping the charges against Derek Chauvin now to seconddegree murder. The question will the others be charged with aiding and abetting . Were still awaiting that. George floyds death, the nation aweakening to the role Corporate America will play when it comes to leveling the Playing Field for all of our citizens. All that and so much more on making money. Charles all right, folks, the stock market rebound continues as buying spreading to more sectors tied to economic growth. More over, there are so many positive signs. There is a steepening yield curve, weaker dollar. I want to get the read from gary kaltbaum, kaltbaum Capital Management president and Fox News Contributor, Wealth Management and phil orlando. The rally is looking impressive but the fundamentals under it, are Getting Better . For the last three weeks we talk about the fact, all three areas, 85 of the market left for dead was bottoming, and now theyre doing a stair step upward, led by financials, l
Against american populism which began with wilson in world war one before that even before that. Gave rise to the decade political system and trouble thats right well i mean that there are a couple of ways to talk about it but you have to realize that populism which is an american invention well its used as a curse word you know by liberals in europe its an american invention and it describes a working Class Alliance between poor farmers the working class in the u. S. And initially at least africanamerican sharecroppers in the south and it was the most dangerous threat to the american all darkie that ever existed i urge your viewers to read lawrence goodwins the populist moment if they dont already know about it so they can learn about it but it was viewed as a threat by the original gilded age titans in the 1900 centuries they destroyed it. Part of it turned rancid and antisemitic and racist but it never went away and in a sense the the force of populism the program the omaha demands