On capitol hill. This morning, Maxine Waters goes right at Facebooks Libra. Finally, bitcoin comes back down to earth. So there you have bitcoin at 9,400. So question, hows the market doing . As in the stock market . Look at this. No selloff. Still holding right at record highs. The dow well above 27,300 and the s p stays right there at 3,000. You want some action . Wait until you see the latest tweets from mr. Trump and wait until you see joe bidens polling numbers. The latest. Varney company is about to begin. Stuart hes not letting up. The president piling on with this tweet. Hammering away, here we go, the democrats in congress are getting nothing done, not on drug pricing, not on immigration, not on infrastructure, not on nothing. So much opportunity yet all they want to do is go fishing. The American People are tired of the neverending witch hunt. They want results now. Okay. Got that. Senator john kennedy echoing the president s remarks. Roll that tape. I hesitate to contribute
David he thinks he is bringing in reinforcement in the fed. We will talk you about that in a few moments. Meantime in brussels, where reporting over the rankling over the leadership. We got the nominations you predicted. What comes next . Maria we have the nominations in place. This will have to be put to a vote for the European Parliament. We know the nominee for the next Commission President , ursula von der leyen is someone not many outside of brussels or germany would know who this is an she did not participate in the european elections. That could be a problem. The point of the european elections was to bring more democracy into the institutions. This was another backdoor deal done in the early hours. We know parliament could see scrutiny but the convention here is that political leaders in the eu would not what this to a vote if they were not sure this would clear. There will be pushed back and criticism but the idea is ultimately she should be approved in about two weeks. David
The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates have gone up. If the fed didnt do what it did or even half, we would have the dow that would be as good as it is, it is doing good, but we would have a dow that would be any
But still red for each of the major indices. Joining us for the full first hour of the show Courtney Gibson from loop capital markets. Courtney, thanks for joining us. Whats your take on today . Investors in a sort of holding pattern, are they, until we get to the fed unbelievable holding pattern. I mean, volumes are down precipitously today. At least they were before i came on the show today. I talked to our equity desk at loop capital and in the u. S. Alone volumes were down somewhere near 30 and even in europe spain was down i think somewhere near 40 on volumes our desk flow today was down substantially as well. It looks and feels as though investors right now are really kind of sitting on their hands markets as you can see, dow down just slightly but recovering back to the highs of the session. Russell is lagging down 0. 7 utilities, real estate the bestperforming sectors. Energy and tech towards the bottom we have got apple down about 0. 7 , albeit higher for the week broadcom wei
To seize all of the contents in their houses it was done in such a way that to this day we dont have a complete idea of what items were taken. Documents are scattered in so many places some in the israeli archives in jerusalem some at the National Library many of these boxes havent been catalogued to this day there is often no possibility for research or to have access to the thumb of the left the house all of the archives in israel are really very much founded and they re sure of palestinians every single Israeli Attack on palestinians has usually targeted an archive this happened in 1948 and manner but also in 1902 when the israelis invaded lebanon and targeted institute of palestine studies one of the reasons that theyre threatening is because there really our record of palestinian social life and palestine more broadly you have women with a welcome call there are important items like the personal papers of palestinian leaders and intellectuals like to leave the 2nd library in jerus