The currency weapon has been. Yeah. It was a big surprise last week when the president dropped that tweet about september 1st tariffs. And some people that i talked to, tyler, and kel, it changed the game for them. That what they thought they had was a figured out market for the most part. They felt that way because of the fed and the rate cut and they felt like they had their hands around where the market could go in the months ahead were still throwing out of whack by that. Going into that, this was a market that was up almost 20 , so far this year, trading near record highs coming off of good earnings, fed rate cut, felt it was all working for the markets. As you heard Barry Banister say, sure, we get more of an odds of a fed rate cut, trump did something good on the trade front and markets will be fine on that note, well hand it over to you guys. Youre always one tweet away. Thank you. Well see you later. Welcome to the closing bell. Im scott wapner stocks plummeting, names like ap
The president firing back saying quote he lost his mom also coming up the chips are down tech firms scramble to thinks of major security flaws that could allow hackers to steal the entire memory of computers undetected and counting down to the russian elections president Vladimir Putin is tipped to win in march but there are several candidates in the field ls the supporter of one of the contenders about her chances of snatching victory. Its good to have you with us we begin with that now a very public feud in the u. S. Trump versus bannan the warrior for u. S. President trump is threatening legal action tonight against former white house strategist steve bannon over what he calls disparaging statements and outright defamatory statements made in a new book a cease and desist letter has also been said to the author and the publisher trying to halt the books release the president launched a scathing attack on big. And as a result saying steve has nothing to do with me or my presidency whe
Bigger bonuses at his office. But there is a catch. Well tell you what it is. Its a great story. A new battle between apple and google and this time google is beating on the latest back to school shipments and the impact its having on the tech giants and their laptop offerings. First lets have reaction to the feds minutes that were released about an hour ago. There, weve done it. No, lets have bob posani tell us about it. Hes tracking the movement on the floor. Not much different, right . The headlines look pretty normal, the case for rate hike as strengthened. That was the headline. The fed risked credibility by not acting, she said that before, so it all sounds fairly hawkish but the market did not react much, even though most people, 70 or so of traders believe the odds of a rate hike are 70 going into december. Mr. Dudley said i think we can be quite gentle as we go in terms of gradually removing Monetary Policy accommodation. In other words, the glide path is going to be very shal
Is facing a bleak future in bangladesh. There seems to be no end to the fight ago cross parts of northern iraq. The u. S. Is helping the Iraqi Government and kurdish fighters drive out Islamic State group. Its taken over large areas in the north of the country. The group wants to establish an Islamic State in the region and has driven more than a million civilians from their homes. Refugees are still hiding in the sinjar mountains as the u. S. Continues its Bombing Campaign in the area. The u. S. Targeted four sites, controlled by rebel fighters. Reports suggest its the heaviest bombing since the u. S. Started air strikes last week. Gunmen from is lets i can state group have killed at least 80 members of the Yazidi Community in a village about 45kilometers south of the sinjar mountains. Dozens of women and children were abducted. The rebels entered the town on friday and told the men to convert to islam or be killed. Hundreds of yazidis have crossed northerns iraq board never to turkey
Mind also coming up. The chips are down tech firms scramble to fix major security flaws that are bad news for everyone but floss could compromise data worldwide and allow hackers to steal sensitive information. Plus here in germany a chance on the americans allies outline their conditions for a new government migration the big issue merkels conservative sister party wants to set a limit on the number of migrants only riving in germany and restrict family reunification but what will the chancellor make of it and a far right german lawmaker sparks outrage by tweeting a racial slur aimed at the mixed race son of tennis superstar boris becker. Thank you very much for your company but we begin with that now very public feud in the u. S. Where the lawyer for u. S. President donald trump is threatening legal action against former white house strategist steve bannon over what he calls disparaging statements and in some cases outright defamatory statements made in a new book a seize and desist