The titanic is making news once again an Expedition Team wants to retrieve the telegraph radio used right before the ship sank to the bottom of the ocean well tell you all about that all right its time to move through news i q. Fed chairman Jerome Powell is testifying before Congress Today on the health of the u. S. Economy in a current and post pandemic america hell be cruising in on the good morning news from the retail sales sector posting the best data they have seen in a while so for more analysis and discussion lets go to ben swan hes an investigative journalist and cohost of boom bust and host of news with Rick Sanchez Rick sanchez gentlemen good to see you both ben i want to go to you 1st have we finally turned a corner since the pandemic hit and also. Whats driving the market. Well we got some very good numbers as you said in terms of the numbers for may end retail kind of coming back about a 17 percent increase in retail sales that was not expected and it shows that obviously
A next dont warm and megs big. For it is going to wipe. Out all trouble become just the 4th u. S. President to face formal and pietschmann charges House Speaker nancy pelosi says he abused his power by withholding military age or pressure ukraine into investigating democratic rival joe biden votes expected in the next couple of weeks setting up a fight in the senate on whether to remove trump from office. Reports in washington d. C. Its official sadly that with confidence and humility with allegiance to our founders and heart full of love for America Today i am asking our chairman to proceed with articles of impeachment. Donald trump will become the 4th president in u. S. History to face formal impeachment charges that could remove him from office the facts are uncontested the president abused his power for his own personal political benefit at the expense of our National Security by withholding military aid and crucial Oval Office Meeting in exchange for an announcement of an investig
Streak yesterday look at whats been happening with the markets youll see overnight in asia, you can see what happened with japan. Down by 0. 4 hang seng slightly weaker. As the president is preparing to speak in poland, market theres are a bit weaker dax is down by 0. 6 . The cac is the biggest decliner, down by 0. the ftse is off by a half percent. Crude oil prices, which yesterday fell for the first time after eight days in a row of gains are up once again a gain of 65 cents to 45. 78. Sorkin, is he back tomorrow no. He may be back on monday not sure i will tell you about the three big stories. I hit this up to see what three big stories. Look how much i have to read look at that im looking on my machine about what is heavy duty lifting that youre feeling i dont even have andrew i even want him to come back to take no ill do this. Ill give it the Royal Treatment it deserves. The enthusiasm here are the big stories today tloos three of them. New this morning a crash test brings into q
He has a Foreign Policy speech, can he stay on message . If he does, could he gain ground on hillary who has some potential liabilities ahead. Congress about to get its hands on her fbi testimony. The dnc hack could reveal some damaging information, and her husband, the former president , is he a liability on the trail . Well, to the markets, green arrows, what else, to start the week. The dow, s p and nasdaq all in record territory. Big day for your money and we are all over it. Of course, Varney Company about to begin. Trying to insight chaos, threatening institutions we have, police are a government institution. We stand on the front lines of order and liberty. They want to attack order and liberty and after the chaos last night trying to incite chaos. That was Milwaukee County sheriff david clark talking about the two nights of violence in the city of milwaukee. He will be joining us again next hour, but emack, what exactly happened to trigger all of this liz so Sylville Smith had
Failing schools and trump goes after it today. Another record for stocks, 18,636, thats the alltime closing high. If youve got a pension plan, 401 k , ira, inheritance any money in stocks, youre doing remarkably well. Good news, olympians are running away with medals and bad news, they get money for winning and its taxable. Varney company is about to begin. Yes, it is. All right. Look at your money. This is how were going to open up on wall street about a half hour from now. Down for most of the indicators, but thats not a big seller. Remember the dow did close at its umpteenth record high of the year. Oil, 45, 46 a barrel. Theyre talking production freeze to limit supply. Oil up, print money and stocks go up. Thats the general rule. And were sitting on a string of records. I dont know how many people actually saw it coming, its a surprise to most people. Its a surprise that corporate earnings arent that exciting and i have to say that the economy is not booming and stocks are expensiv