Department through the commerce secretary wilbur ross put out a statement essentially saying that the 2020 census would go forward without the Citizenship Question, even though they dont agree with it, even though they dont like it, the census is being printed. Here is what the commerce secretary said yesterday, quote, the, he said he respect the Supreme Court but strongly disagree with its ruling regarding my decision to reinstate a Citizenship Question on the 2020 census. The Census Bureau started process printing the questionnaires without the census. My focus, that of the bureau and entire department is to conduct a complete and accurate census. Seems pretty straightforward, right . Just a while ago we got the tweet from the president. The news reports about the department of commerce dropping the quest to put the Citizenship Question on the sin ses is indirect, state differently, fake. We are absolutely moving forward as we must because of the importance of the answer to this ques
Thank you, charles. Charles you got it. Liz well, this is the kind of recognition the nasdaq can does not want, folks, there is a reason the that nasdaq is by far taking the biggest punch. The chip stocks have taken a to to if announce ifed leg down led by nvidia. I cant remember seeing nvidia fall more than 8, but that is exactly whats happening. Now it is down9 9. 33 . Low oaf the session here falling about 79 to 767 a shear. Share. You can look right now because as a it falls through the 50day moving average which is considered a sell signal, a lot of the other chip names are following it down the rabbit hole including amd which is down 6 followed by micron. Youve got, you know, im looking at micron now down about 5 . In fact, most of the chip makers are tanking on investor fears that a perhaps interest with rates are will remain high which means cost of borrowing to grow might be a lot higher for longer. Weve got the socks index which is this basket of chipmakers down a full 4 . Ju
Thank you very much. Multiple potentially marketmoving plates are spinning in the air as we kick can off the final hour of trade. Weve got stocks in the red on this day after the Federal Reserve left current Interest Rates on pause but hinted one more rate hike is coming by year end. Weve got the dow down 232 points, s p losing 55. And youre looking at a live picture of the south lawn of the white house where any moment President Biden will greet ukrainian leader zelenskyy, Volodymyr Zelenskyy, before their bilateral meeting this afternoon. It comes after House Republicans again torpedoed their own procedural vote this morning that would have allowed debate on a defense spending bill. General dynamics actually hit a 1year low earlier today. Youve got that in the red, lockheed martin, rtx which used to be raytheon. The funding deadline is just 8 days away, and clashes over military aid for ukraine are part of the holdup. But Charlie Gasparino learned last night wall street is ready to s
all times. we are getting a read from susan we who s following it. we just came out of the committee hearing on coronavirus and return to maintain and control the spread of it, we also spoke to doctor anthony who said he wouldn t be surprised there might be more additional cases. listen. as long as you have a high traffic from china, he will see cases. the chinese response adequately appropriate. putting them in isolation. the cdc is doing contact traces. getting a case in chicago, i wouldn t be surprised if we have additional cases. she says it s a risk to the public, it s still very low in his view and it s not a pandemic. he wants to caution the public to not call it that yet. there s two confirmed cases in the u.s. right now. sixty-three other individuals across 22 cases on top of the 800 cases confirmed in china, death toll at 26. the uk thankfully said all 14 cases have been tested and it s not in their field. it s come back negative for coronavirus. twelve of the
why? well, look, there are a lot of positives there today. another virus drug goes into final clinical trials, and the fda gives fast track authority to vaccines. any good vaccine news, market likes it. the stock splits of apple and tesla producing more gains for those two key stocks. more on that in a moment. and the administration appears to want a $1.3 trillion virus aid package. that s helping. and maybe this too helping stocks, what s that? the democrats getting nervous about joe biden s chances. the polls are tightening in some key states. joe has been reluck about thely pushed out of his house to campaign. democrats are very worried about his performance on the road. and two prominent leftists michael moore and bill maher both acknowledge their anxiety. monday morning, last day of august and, yes, there is a chill in the air. varney & company is about to begin. [background sounds] out of the homes and into the streets! stuart: chaos in d.c. rioters hit the