Well get to that in a second. There are a couple wrinkles we pick apart. Fox news contributor liz peek. Ann stovall and last but not least, charlie gasparino. Charlie, begin with you, end with you, on this notion, it is an ideal environment for stocks. That is what theyre pouncing on . It could be an ideal environment for stocks. 9 one sort of fly in the ointment on the stock market. The market has been flatlining 18 months. The reason why it is trade. If they get a modest trade deal, that should be plus for the markets. Decent trade deal. Maybe Business Investment picks up. It has been going negative. Neil 18 month figure since the trade thing started . Were up 18 on the dow. 23 on the s p. 27 close to it on nasdaq. Do you see that continuing, liz . I think earnings prospects are brightening as opposed to getting worse. There is old adage, dont fight the fed. As long as fed is accommodative, the earnings will possibly accelerate in 2020. Neil do you buy that . 5 1 2 , 7 1 2 in the Sec
Almost 1 . Well have more on the big market movers. Heres whats new at this hour. Focusing on the economy, President Trump sitting down with his top advisers taking a victory lap of sorts and strong job market. He also had trade progress with china among other things and were live at the white house with all the details. Boris johnson brags that gamble is about to find out if he won over enough lawmakers to pull the uk out of the European Union following a shocked in the 11th hour. Were breaking down the critical test for johnson. A possible outage in dallas with violent thunderstorms battery that area destroyed homes and businesses. Will have the latest on the Recovery Efforts. Fox business coverage begins now blake is live at the white house where its been another rock n roll day. Jackie is on the floor of the New York Stock Exchange and grady is covering the blockbuster Opioid Settlement in many surprised morning. We start with like. Reporter good afternoon. If it was the morning it
Who would have thought we would be looking at nearly five million new jobs, record low unemployment for minorities, rapidly rising wages and no inflation . Thats what weve got. I think theyre all blinded by their contempt for all things trump. So look at this. The market rally continues this friday morning. Now we have no idea how this market closes but i can tell you that at the opening bell, we will almost certainly hit a series of new highs. The dow at the opening, up about 70. S p, up about six. Nasdaq, up about 14 points. All right. I promised a big day. We are going to deliver. At 10 00 this morning, the young radicals defend their statements about the border in congress. Are those detention facilities really concentration camps . You are going to see it. And you will see history being made on wall street. Varney company is about to begin and were going right at it. The alert. I was missing that. Okay. We ran it. All right. Whos with me now . Market watcher jonathan hoenig. Big s
Ed isly the president picked up what facebook is looking at. He has a proposal of his own coming up as well. First to the story that broke earlier today in washington, the embattled labor secretary alex acosta from stepping down from his position in President Trumps cabinet. Blake burman live at the white house with the latest on that. Reporter connell, the timeline fairly quick when you look how it unfolded last week. On saturday the feds took Jeffrey Epstein into authority. The Southern District of new york laid out its case, the newest charges they presented against epstein. That forced labor secretary alex acosta to go before cameras here in washington, d. C. , on wednesday to defend the 2018 nonprosecution agreement deal that he strong with epstein and epsteins attorneys back in florida more than a decade ago. Fast forward to this morning, friday morning, acosta submitted his letter of resignation to the president. The president was complimentary of acosta who said he is stepping
The comments here in San Francisco is pretty universal. It was put your money where your mouth is. During an interview on fox with Tucker Carlson President Trump says hes considering addressing the homelessness crisis and cities including los angeles and San Francisco. We may intercede and we may do something to get that whole thing cleaned up. The governor wrestlers wrestles with the homelessness issue. The state cannot solve the issue. Cities and counties working with the state and federal government cant. President trump did not offer any concrete plans but indicated it has been a problem the last two years even though homelessness has been persistent for more than 35 and also cast blame. The cities are run by very liberal people at the thing that nobody can figure out is due the governors or mayors, do they really think its a positive and do they think its okay because its not. The Communication Office responded saying, we are focused on running the city not responding to every twe