Actually ending the day in the green, but are we out of the woods yet . Welcome, everybody. This is bulls bears. Thank you for joining us. Im david asman. Joining me on the panel today is robert wolf, susan lee, scott martin, and my man steve forbes is with us as well. Fears of a global recession driving investors to the safety of gold, which was way up today, soaring to its highest level since september 2013. Bonds with a ten year treasury yield hitting lowest level since october 2016. At least one bond analyst says it could actually go negative after all is said and done. But is this all just an overreaction, or are we really on the brink of some kind of financial disaster . Were not on the brink, david, but the markets are worried that this trade war were having with china may not be resolved the way they thought it would a few months ago. What would be the implications of that . Creates more uncertainty. Whats going to happen with the tariffs with autos and auto parts from europe .
Lauren why starbucks employees are up in arms about the companys latest viral venture set to launch this morning, wednesday, july 10th. Fbn a. M. Starts right now. Good thing, where have you gone. My good thing, youve been gone too long. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. Lauren lets take a look at how your money is moving this morning. Dow futures now down for the fourth day. Investors waiting to see if the fed will signal the first rate cut of 2019. Cheryl weve seen a move on the 10 year treasury over the last few days, the yield going higher, prices are lower, investors thinking that stocks and a little volatility might be a good thing. Lauren Oil Prices Also higher, a decline in stockpiles pushing the price of crude to 59 a barrel. Cheryl stocks in asia this morning, theres an interesting trade fight going on between the japanese and south koreans. The nikkei and shanghai under pressure this morning. Laur
Network Dagen Mcdowell as always, pwc partner and cfr Mitch Roschelle and lindsey bell maria markets this morning, quiet situation going do what could be fireworks in next 2 days, dow industrials down 71 points, nasdaq down 27, Federal Reserve jay powell testifying before the House Financial Services Committee Later this morning, markets are watching specifically to see if powells comments indicate signs of a future rate cut, a lot of people yesterday, Jon Hilsenrath said, well, if its not july, itll be september, lindsey, you have a lot of thoughts on this. Yeah from the testimony today and tomorrow, im not speaking anything new out of fed chairman, he will stick to the language that we heard in june that hes here to support the Economic Growth that weve seen so far, i dont think we will hear anything about the change of Monetary Policy or any type of rate cut, how much it will be if there is one to come, and the thing i think that the investors in the market are really going to look
Aoc and Rashida Tlaib will be questioning the fed chair, Jerome Powell. Income inequality, Climate Change, oh, the evils of capitalism. Stay tuned. All right. Now look at the markets. We have seen a copy of mr. Powells opening remarks. He will say the economy performed reasonably well in the first half of the year. He did also say uncertainties in outlook have increased in recent months. To me, thats the money statement. That seems to be whats moving the market and look at this. The market is moving up. We opened this morning we didnt open yet, but first thing this morning we were down a few points. Now were going to be up about 100 at the opening bell. Look at that nasdaq, up probably three quarters of one percent. Markets going up this morning. Big show for you. Britains ambassador to america, out. And the womens soccer team takes its ticker tape parade. Varney company is about to begin. Stuart im going to call this disturbing video an engine on fire in a delta jet. Now, that was sho
Growth and trade had notably increased. They said significantly in the minutes. The fed thinks that trade tensions are weighing on Business Investment and business confidence. They discussed this at length at their meeting. While the base case is for a continued expansion in the economy, many attach, quote, significant odds to scenarios with less favorable out comes. Now it is interesting to note that the fed did discuss how the markets expect a rate cut and that is creating more loose financial conditions. That perhaps if they werent pricing in a rate cut, then the market would be more vulnerable to some of these uncertainties like slowing Growth Growth and change. Was surprising to see fed officials more on the same page in terms of the out look on the economy and a rate cut would be warranted at one point and there was a small group in the fed that said not quite yet. Back to you. Charles that group seems to get smaller, right, jennifer . Reporter exactly. That is very interesting a