100 points, nasdaq down about 35 points. Thats aflight away from stocks and into safe havens like gold, there you have it. Twentythree dollars higher gold this morning, 1,643 per ounce, now look at this, this is the yield on the 10year treasury bond, down 4. 8 , thats a flight to safety, money moving into the safer heaven of Treasury Bonds and out of the more risky assets known as stocks. President trump in rally in colorado, he was on the economy and markets and presented a very positive view of americas future, very much in contrast to the damage control that the democrats are doing after their debate, tonight, by the way, the president speaks in las vegas, that will be his third rally of the week and its in las vegas right before the las vegas the nevada caucuses which start tomorrow, look at this, on your screens now, thats the president with momentum, his 49th Approval Rating is higher than 48th percent disapproval, first time in presidency, the man has the wind in his sail and ra
Are in terms of the economy, the backdrop in this market. We had down week but we had record highs going into this week because the economy seems okay what he think . I think the expectations for the worldwide economy are coming down a little bit with the virus scares. Its not so much the people, investors thinking were headed for some terrible Global Pandemic but business disruption in china. People from other countries running parts from china, that has been a damper on things so thats gonna cut into earnings you expect . Take china out for the First Quarter, no flights going inandout, shortages, look what apple just did in terms of what they are expecting, thats going to hit the u. S. Thats going to hit u. S. Companies in the First Quarter and for the year. So keep in mind, we are now paying, investors in u. S. Stocks we are paying quite a bit more for a dollar of earnings than we did year ago. So that has to be based on some optimism about the future i think weve got a lot of optim
President signed an unprecedent trade deal with china putting in prospect more economic growth, more job, a stronger relationship with china. The president on his run of record achievements in just two days. Usmca passed senate one of the biggest state bills ever made and yet today you know china passed and something that is extraordinary. And it is going to be tremendous far reaching effects including our relationship longterm with china. Our farmers and manufacturers and bankers its jobs like weve never seen before and something very special and usmca a passed by a comfortable vote very high vote. We are very proud to have that. So weve done two of the biggest trade deals they are two biggest trade deals in the world ever done, and were honored to have done them. And investor s today express something close to jubilation over the president s reshaping of not only u. S. Trade. With with china, and north america, but a new balanced and reis sip are a call trade model for all u. S. Trad
Interrupted by immigration protestors. The winner, Bernie Sanders, clear front runner and thats a problem for establishment democrats, their big hope, bloomberg failed and the moderate vote split every which way, they may be going to the election with a socialist president ial candidate, meanwhile in phoenix the president drew enthusiastic crowd, he mocked mini mike and wowed the crowd when a veteran was carried. Of arizona with thousands of modest slight for stock, could hardworking patriots who believe in god, family and it be investors are nervous country. I love the Unbelievable Energy about bernies showing, nasdaq in this crowd, honestly, theres Tremendous Energy in your nation, theres tremendous down maybe down 20 odd Points Energy in our nation. Coming off record high. We are in the midst of the Great American comeback, our country here we go, varney company, is stronger today than ever the debate edition is about to before. We are going to defeat the begin. Radical socialist de
Growth. Late on the program, ill be asking larry kudlow why is this happening in a fullyemployed economy. Thats jobs and now the markets. Here it comes, 29,000, the dow may hit that mark today. Yes, the astonishing market rally has taken us up 11,000 points on the dow, since the election, of donald j. Trump and the value of American Business has gone up 12. 8 trillion since he was elected. A few minutes from now the market opens and well see the dow go up just a little bit more , maybe 20 points up, s p up maybe 6 and a 30 point gain for the nasdac composite. One more story and its dramatic satellite and intelligence reports show the plane that crashed into iran was taken down by a missile. It was not mechanical failure or engine trouble. The plane was shot down. Canadas trudeau says it may have been done accidentally. 63 canadians were on board. Varney company, the friday edition, is about to begin. President trump when im thrilled to hold the first rally of 2020 right here, in the gr