Europe, germans biggest brought to to mes by american authorities either way we will be affected, welcome to the world of Systemic Risk its back. Opec a deal to get oil prices up will they stick to it jury out oil prize down a faction today. And, of course, Varney Company is all over the election the story this morning number one, media, more apoplectic attacks on donald trump number two, liberate barrierian gary johnson another aleppo moment, three trump goes into attack mode follow hillarys money that crooked woman he says. Just wait till you see what amazon is doing you are watching it now, i have been around a long time, you dont every see anything like that Varney Company is about to begin. Stuart get out of the way from getgo slightly other opening for stocks today, Economic Growth is still well below 2 , that was news this morning, oil consider this please. The saudis opec agreed to production cut, just as 9 11 victims get right to sue saudis a coincidence . We are on it oil dow
Saudi arabia. Earlier this year it was passed by that. They have already promised that hes can veto this because they make u. S. Interests abroad very vulnerable. Those serving very abroad. He is setting himself up for another big fight. This time with the democrats and republicans in both wiles of congress. Walls of congress. We will keep you posted on that. And a lot of it has to do with growing expectations this is now the third time that this official did that. The sooner the better. I am paraphrasing here. Some economical news is slow. The other news they are firing on all cylinders. Now is the time to ease up on this. The indications are that they were betting that they werent went to do that. Another thinking maybe not so fast. Its what happens with Interest Rates. The battleground states. In both print and broadcast. A lot of people are reading into this cynically. It seems to be for those who think i am distant or a live. Will get to the particulars of that in just a second. W
Our Political Panel tells us if her highpowered standin can stop trump and the cringeful colin powell emails that just came out. The dow fumbled a significant gain, wed be lower if it werent for the sweet sales and rocking review of the iphone. The dow is down 11 points, lets start the countdown. Breaking news here, the market pendulum is swing all over the place at this hour. From the sea of red, 24 hours ago, that the very moment to a field of green and kind of a wild time for investors. Where will stocks land today . With less than an hour for the closing bell, the dow is struggling to hold onto gains, the s p and the nasdaq are in the green barely. The s p up 1 1 2 points. As i said the dow down 10, the nasdaq better by 25. We have to blame oil for all of this. The crude benchmark is tumbling for the second day in a row. Right now down 3 in the aftermarketed session. What happened . As we always get on wednesdays, a huge build not in crude but distillates, that is diesel, heating o
For Economic Growth for the year. Heres the key line in the statement. Quote, the Committee Judges that the case for increase in the federal funds rate has strengthened but decided for the timebeing to wait for further evidence of continued progress towards its objectives. It has two more meetings this year, november and december. The dissenters were rosengren and lemmas sister from cleveland and es store george from kansas city. Trish. Trish you say case has strengthened for them to raise rates . Compared to the first half of the year the economy is getting stronger in the second half he despite some numbers weve seen recently. Retail sales a little softer. Jobs report a little softer. They took the growth forecast for gdp in 2016 from 2 in june to 1. 8 . So a slight downgrade. Trish peter barnes. Neil thank you very much. I am joined on set by ashley webster, our own ashley webster. Kathleen witt is from Donald Trumps economic team. Steve cortez an Economic Advisor to donald trump. A
There is a definite negative view of wealth and it is very concerning and if you have money today you are out of favor, no matter how much social good you are outoffavor. Neil you have to wonder with tough news in the corporate world whether there is something to the notion that capitalism is having a rough week, the latest charges of leon cooperman, coming under the grill on capitol hill in a couple hours and wells fargos ceo, did not do all that well yesterday safe to say, Charles Payne added up and wonders what is going down. Charles a tough week for capitalism, tough year for capitalism. It wont get better no matter who wins the white house. Neil donald trump is more antibig bank than Hillary Clinton. Charles antibig bank and wall street, wall street is not public enemy number one but in the top three. I read something, a survey that money magazine saying white voters, workingclass voters blame their economic woes on wall street, capitalism is front and center, corporate america, s