Extraordinary development. The former new york fed president says the Federal Reserve should not quote, bail out an administration that keeps making bad choices on trade policy. Hes gone political. Dont lower rates to help trumps reelection . An antitrump guy urging the fed to work against President Trump . You got to sthak yohake your he that one. Unfortunately, thats what most financial people are saying today. Hes wrong. Now the market. Even with a sharp yield curve inversion, stocks show a small loss. Down 40 points. Remember two weeks ago, when the inversion appeared, the dow dropped 8800 points in one day. Now the market shrugs. The dow is going to be off 40, s p maybe four, nasdaq down 17. Marginal fractional losses. Weve got a lot more for you. Boris asks the queen to suspend parliament. And a new poll, how is joe biden doing now . Varney company is about to begin. Stuart all right. Here are the latest results from the quinnipiac latest poll. The democrat field, biden 32 . Warr
Cents. The price of gold holding steady. Its up just a little. Have we got a price there . Okay. We will get to it later. Its 1300 an ounce. What did you say . 14 . Gold is 1400 an ounce this morning. Big gain yesterday, a fractional gain this morning. Got that. Investors do not know what to make of this. Chinas leader goes to north korea. Interesting that right after that visit was announced, President Trump called xi jinping and worked out an extended meeting. So its a threeway dance and no one knows whether it helps the trade talks or not. Look at this, too. After a big rally yesterday, no significant pullback this morning. Yes, the dow, the s p, the nasdaq, they will all open lower but all three are still at or very close to their alltime highs, despite whats going on around the world. Go figure, maybe. Friday morning. Varney company about to begin. Stuart want you to see the video. Look at it. Its cooling down a little bit now but that was a massive explosion at an oil refinery in
To be on several of the most difficult issues. But the u. S. Secretary of state says a deal on curbing Irans Nuclear programme has never been closer. Thousands in ecuador welcomes pope francis as he returns to his home continent for the first time in two years. I have all the sport including willens World Cup Final kicks off in vancouver, as the United States take on japan in a rematch of the 2011 final. Greeks vote no by a large margin to reject an e. U. Bailout deal. Its a triumph for the greek Prime Minister Alexis Tsipras, who campaigned for the no vote. He says hell work to find Common Ground with greeces international partners. How the lenders will respond is unclear, the coming days will be crucial. A eurozone summit on greece is set to take place on tuesday. The e. C. B. Is also set to meet. Greek banks cant open on tuesday as scheduled, because they wont have access to the emergency lending. Jonah hull has more. Athey cheered the result. Reporter outside parliament they cheere
Not made chicago, eight people left dead all eyes on vancouver, where its the u. S. Versus japan in the final game of the world cup. We begin in greece where the people have spoken and for the most part the word is no. That National Referendum more than 60 voting against accepting a bailout from the european union. It was decisive it was clear cut. The countrys economy still as uncertain as ever. Barnaby phillips begins our coverage from athens. This is an act of defiance people lining up warned its a choice wean the euro and the drachma. Greeks saw it as a vote on austerity and a vote on what they persoef to be five years of ruin us policy bringing about an extraordinary economic contraction. But what happens next. Alexis tsipras believes hell go back into negotiations with European Partners with a strengthened mandate, that he can bring up areas like debt relief. European government and its no secret they hoped the referendum would result in the downfall of Alexis Tsipras and the gov
Take home a third world cup. This is Aljazeera America live from new york city. Im bisi onileere. There is uncertainty in a number of capitals that come after greece rejected a bailout deal in a nationwide referendum. The no Campaign Victory in which he played a big part, the greek finance minister refined. Yanis viewpoint said his participation could prevent a deal being reached. 61 said no to the proposal, 39 said yes. Euro zone leaders meet tomorrow to determine whats next for greece. The resignation is very much a concession to creditors. He made himself very difficult to talk to. He had created enormous dislike across the table with his interlock at yours across knew that. All of his ideas have been nonstarters. Now the greek government has to start the business anew of getting down to reaching an agreement along the terms outlined by the creditors in their various reports on the Greek Economy but also laid down in the week before last, and that week long series of euro Group Meet