Nation, be the ramifications are worldwide with the first votes in the two towns of Dixville Notch and mills field, New Hampshire, and then on to the polling occurring right now. With that is information flow, and jon ferro, weve got to bring it right up to the moment. One of the candidates in on his favorite network. Mr. Trump saying he will only declare victory if there is one. I guess that is a change. Jonathan the president adding he think she is winning in texas, florida, and pennsylvania. It might be a little bit of a change, but it is subtle. I dont think the president was ever going to say that he would call the election result if there wasnt one. That wouldnt really make sense. But it does speak to the tension that is coming into this election day in the United States of america. Really absolutely massive area of division between these two candidates at large and the company is split, but the interesting split for many of us looking at this play out is between the early voting
Record high today, up more than 17 this year. Check out the big tech names hitting fresh alltime highs in todays session, apple, microsoft, facebook, amazon, netflix all marking new highs. Is this headed straight for a giant iceberg, guy [ laughter ] when you read that, you hesitated reading that this is the bubble in my head literally said should i read this or should i skip over it, titanic tech run headed straight for a giant iceberg. I went with it lets go with the metaphor. I am a fan of leo i know you might find this propostrous but leo is a huge fast money fan we should collectively give a shoutout so i was talking to the great dan nathan earlier today and we were just talking about the move in amazon. Amazon is up 3 today. Amazon has added this month which i think today is the 9th of july. Just this month its added almost a quarter of a trillion dollars to its market cap. I think there are only 22 companies in the s p 500 that have a market cap of a quarter of a trillion dollar
Government bond is attractive compared to risk in stocks right now. 283 on the tenure. Three, another problem is the internal workings of the market exotic product, robot trading up a pushing stocks to rapgd sell ising . As of now the dow is down 6. 5 so poor this week. With will open higher. Do not know how we will close or where well close. But back drop this morning is another chaotic night in congress. But we now do have a budget for the next two years. Thats not necessarily great news for investors. But bottom line on this republican budget Government Spending goes way up and so does the deficit. Again, were hearing the words, debt bomb. Varney company is about to begin. It changes so rapgdly that were going to show you futures all over again. All right we were up 100 now were up 60 youve got to watch this. Literally moment to moment. Wall street is on course for its worst week in six years. It has been a really qield ride for stocks just this week. These are the swings in the dow
Will determine whether the country gets a new bailout. Prime minister Alexis Tsipras is counting on members of the opposition to get the plan through. Last night the Prime Minister said he agreed to the deal only because he had a knife on my neck. The result of the euro summit and the eurogroup was the result from the pressure put on a country and on a people who have decided to go in different way. Vonnie a new report questions whether greece can deliver those Economic Reforms without debt restructuring. In china, betterthanexpected news about the economy did not boost investor confidence. The benchmark shanghai index fell. Earlier china said secondquarter gdp rose at an annual rate of 7 , which beat estimates. Chinas central bank has cut Interest Rates four time since last november. The fight over the Iranian Nuclear deal has shifted from vienna to capitol hill. Negotiators said the agreement would prevent iran from building a nuclear weapon. But hours after the announcement, House S
The American Enterprise institute. We have a very interesting policy session entitled, how has a decade of extreme Monetary Policy changed the Banking System . We have a panel of experts, but before we introduce them let me set the stage. The financial crisis changed the Banking System. Resolutions that happened in the crisis integrated commercial and investment ranking like never before. Createdsolutions todays too big to fail institutions. The fed became the lender of first resort instead of the lender of last resort. Temporarily nationalized the Banking System in congress. Assed the dodd frank act it gave regulators extensive new powers and responsibilities over the Financial System. Deposit insurance limits increased by factor of two and a half. Triggeredope recovery fed stimulus which created massive bank reserves, which required new fat operating procedures. This morning we will discuss all these changes with a panel of experts. And instead of me introducing the panel, i am going