300 points, essentially gaining back what was lost yesterd wh the fed cut Interest Rates and then hinted that there might not be any re. But everything changed at midday when President Trump tweeted that he plann to impose another 10 in tariffs 300 billion of chinese goods, and the Market Reaction was immediate and sizable. The industry avera fell 280 points, 26,583. The nasdaq was down 64. The s p slipped by 26. Companies most vulnerable to higher tariffs were especially hit hard, incding caterpillar, boeing and apple. Eamon javers starts us out tonight from the whitehous reporter President Trump spoke to reporters at the white house today after issuing that sees of tweets suggesting hes going to be raising tariffs on chinese products coming united states. He said he wasnt concerned at all about that stock markete selloffw this afternoon in the wake of his announcement. He said he expected that, and effectively h effectively here he blames the f stock marke not fully understanding wha
And with utter disdain for the people whose lives they want to run. Good stuff. Thats a blast right at the elites. Thats the president s theme for 2020. They dont care about you but i do. In the last 24 hours, the president s campaign brought in a record 24. 8 million, almost entirely from small donations. In new york city, joe biden raised 20 million entirely from the elites. I think its time we got to the fed, shall we . Five hours from now the Interest Rate decision and more importantly, the outlook for rate cuts later this year. That arrives at 2 00 p. M. Eastern. We will also see if chairman powell responds to the intense pressure for a rate cut that hes getting from the president. A flat market in advance of that. The Interest Rate news from around the world this morning is grim. Not here, no, over there. In four European Countries and japan, things are so bad that when you buy a Government Bond, you dont get any interest. In fact, they keep some of your money. No wonder the mone
Higher. It is not the cyclical stocks rising in the banks are bringing up the rear. And has caughtn the attention of President Trump. The german tenyear as well is in record territory, 30 basis points, never been seen before, mario draghi delivering again. Vonnie a couple of interesting tweets from the president that we will get into in a second. But mario draghi says more stimulus might be required. Take police and take a listen. Ande can adjust the bias the conditionality to account for variations in the in just met part of the inflation variations in the adjustment in part of the inflation. Policy Interest Rates can contain any side effects and remain a part of our tools. Vonnie he said that it is a lobar for more stimulus it is a low bar for more stimulus. Matt, dear mario draghi nobody was doing matt, did mario draghi know when he made the speech . He knows what he is doing, but it is interesting the way the markets reacted. You had a new handle on the euro nds dropped, so really
District fit rather than delaware, maria asked texas senator ted cruz about this on sunday morning futures yesterday. Your reaction to david weiss named special counsel. He is a wildly inappropriate person to be special counsel we should have a special counsel, number one, we should have a special counsel to investigate Merrick Garland, for whether he lied under oath to congress in response to questioning from me, number one, and when he committed obstruction of justice those are both allegations, that came from the whistleblowers, number two, we need a whistleblower not to go back, and bury what hunter biden did what david weiss has been doing for five years what we need a special counsel to investigate joe biden, and the 20 Million Dollars that his family received while he was Vice President , allegation now is for official favors that he was selling that is bribery, it is not a little gun charge on hunter, it is bribery of the president of the United States what allegations are, thi
One of the worlds biggest crypto markets may ban trading altogether we are all over it power lunch begins, right now. And welcome to power lunch. Im melissa lee. We are around session highs now. The dow, nasdaq, s p 500, across the board, green, nasdaq seeing the biggest gain up 0. 7 of 1 . Transportens hitting new record highs. And hitting 70 first time in three years. Crude just under 65 a barrel. Movers, delta higher on earnings, raising 2018 outlook thanks to the effect of tax reform dfc systems a pop. Software provider bought by a Technologies Company for about 5. 5 billion and xerox up by 4. 5 on reports its in talks to strike a major deal with japans fujifilm melissa, thank you. What else is happening at the house. Epa says fuel economy in new cars in the u. S. Expected to hit 25. 2 mimes per gallon in 2017 vehicles the Senate Banking Committee Votes next week, second time on the nomination of jerome powell. To be your next Federal Reserve chairman. More on the deadly mudslides