Heres the jargon, the yield curve inversion. This is fed day and a very big day. In advance of the official word on rates, stocks have been all over the place this morning, up and down, moment to moment. Right now we are looking like a loss of maybe 112 points for the dow and down 45 on the nasdaq. This is whats hitting the market, china. China says it will impose 5 to 10 tariffs on 75 billion worth of u. S. Goods. That is obviously a negative for china trade. Its escalation and therefore, bad for the market. Elsewhere, later today, the president leaves for france for the g7 summit. Interest rates and trade will surely come up there. They are gearing up for more big protests in hong kong. Were on it. And just wait until you hear what larry kudlow says about tax cuts. Lets get going. Varney company is about to begin. Weve negotiated with them, weve tried to move the football. They have backed away and we have taken measures through all of that time, weve had a very strong economy, weve
It is delusional for president obama and Hillary Clinton and anyone else to say that climbal change is our nearterm most severe security threat. President obama continues to think somehow our behavior causes terrorism. The terrorists dont care were gathering in paris, other than it provides a target. Deirdre retired 4star general jack keane is with me, politics aside what are optics to you about this conference in paris. There is nothing wrong with having a conference like this. That Climate Change is being talked about. But the problem i have with it in the face of what is takes place with isis and radical islam, and major challenges that u. S. Faces on a global scale, client at Climate Change takes a backseat to, that i agree with that statement made, it just does not face reality in terms of what is taking place in the world. We have radical islam and isis. We have three revisionist powers, russia, china and iran, seeking regional domination, and all havin having some measure of suc
Center. That murdersuicide involving the kansas city linebacker brings on the call for gun control and the possibility of head injuries in football and drugs and alcohol. All right, everybody, monday morning, Varney Company about to begin. [ male announcer ] this is steve. He loves risk. But whether hes climbing everest, scuba ding the great rrier reef with sharks, or jumping into the marke he goes with people he trus, which ishy he trades with a company that doesnt nickel and dime him with hidden fees. So he can worry about other things, like what the market is doing and being ready, no matter what haens, which isnt rocketcience. Its just common sense, from td ameritrade. Well, having a ton olocations doesnt hurt. A santa to boot [ chuckles ] rigight, baby. Oh, sir. That is a customer. Oh. Sorry about that. [ male announcer ] break from the holiday stress. Fedex office. And waiting in line. I dont have to leave my desk and get upnd go to the post office anymore. [ male announcer ] wit
A meeting to rid syria of its chemical weapons. A judge was sentenced to a month of prison for raping a student, the teen committed suicide a month before the teacher went to trial. Up next, real money for alabama. The stock market recent run youp. Is it too late to get in on that action. And ill show what you options your Insurance Agent might be able to offer you under boom obamacare, this is real money. [ music ] this is real money. You are the most important part of the show. So join our live conversation for the next half hour using this, our hashtag aj real money on twitter. The stocks spell fo fell for thh day in a row. The investors are genuinely worried that government will shut down. Still, the s p 500 is up 19 so far this year and its only september. Still a bull market on wall street. But before you give me an earful about how all this benefits just the rich. Im going to tell you thats not true. Anyone with money to invest in america can participate in the stock market, and
Jobless rates down. 7. 7 . New jobs created, 236,000. Lets bring in austan goolsbee, he knows a few things about the economy. Job creation and the Unemployment Rate. Austan, welcome back, good to see you, sir. Thanks for having me back. Stuart ive characterized the job creation part of the report as solid. Weve got all the numbers. Will you give us a characterization, too . I agree with you. I think solid is the right description. You know, its not overwhelmingly good, but its definitely a positive. Now, right before the break, it sounded like you were saying that the sequester cuts caused this. I think if you look, that this is a february too place before the sequester cuts and i think the magical cuts start working before they take place. Stuart youve expressed on Varney Company if you cut Government Spending you improve the economy, you dont waste the economy. And i agree with you. Those cuts hadnt started. The jobs numbers start going down, i think people are going to start saying