Today the obvious, a polished new fed chief went to clapitol hill and yet stocks just cratered dow sinking and s p falling and nasdaq losing. Did powell somehow lose his first appearance no a remarkable run since the bottom if powell is not the culprit, what is it the bond market. They tumble. When the tenyear goes to 2. 8 , the vix declines and be the house rallies. In any other environment i wouldnt bother mentioning the volatility index the vix acts as an accelerant. When the yield climbed high today. Stocks rolled over you know what, after listening to Warren Buffett yesterday, i want to inject some common sense light into the dark situation. When the economy gets hot, a responsible fed chairman needs to talk about raising rates in order to tamp down potential inflation. So far pow well is doing everything right there is a wide set perception 3 is the reason to sell while 2. 8 is the reason to buy. That in a word is ridiculous as buffet reminded us yesterday, stocks more valuable t
Just it was one shot and then it was just endless shots one after another just unloading. Reporter the investigation is just beginning. The fbi will take the lead to determine what motivated the gunman to kill. Well get to the bottom of it. And i ask you to keep their families in your prayers. Reporter reporting from chattanooga, tennessee, im holly firfer. Authorities say abdulazeez had numerous weapons. He is also dead. Its not clear if he shot himself or police shot him. Military offices are often in Shopping Centers or public places. So they are more accessible and thats raising questions about whether they are easy targets. Kpix 5s kiet do joins us live in san jose with more on those security concerns. Good morning, kiet. Reporter good morning. Recruiting stations can be found on main street and Shopping Centers and strip malls. They are designed by their nature to be open and welcoming. As such, many dont have any security whatsoever. And that makes the unarmed military recruits
From the record highs. The dow is now down nearly 15 . The s p is off 12. 5 . Check out these staggering figures. S p 500 companies lost another 900 million in market cap yesterday. They lost nearly 2 trillion in market cap over the last seven sessio sessions. You see rich people lost 185 billion recently. This is good. This income inequality thing. Taking care of it. This is not i also like the now were going to do this every day where we can close on change but if thats not interesting enough its like a fit bit for the market. Its not even the range anymore. Its brand new. Were talking about the full ride. We moved 100,000 points this week. It means nothing. We totalled it up for you. Lets tell you where the u. S. Futures are after what was a wild yesterday as things got pretty bad late in the day. Well try to get an explanation from our guests throughout the morning but the dow jones does look like it will oip up now 275 points up. S p 500 would open up higher as well. 33 points hig
Thank goodness larry davis coming back because you need to curve your enthusiasm for this market, something good happens the dow gained 39 points, s p climbing. 1 nasdaq,. 10 a fresh alltime record. Let me stay straight out i see lots of questionable thing after the close of this training session. Were got reactions from adobe, one of my favorites. A hideous report from a big miss from fedex because of the cyber attack no less. As is often the case i leave mer shaking my head, the rally cant possibly continue. The next day, good news. My skepticism is in place. This morning, spoken to free partner david saber, the best investor partner on earth. Tmobile talking about joining in with a phone company. Tmobiles up 60 , prisprint fas 7 o lets go over all the way this was not expected every since tmobile reported what i thought was a good quarter, the stock has been selling off. The wireless psyching, the auto, housing cycle as they kept seeing has beat. The stock of verizon and at t has be
Fury from President Trump. He threatened to totally destroyed, those were his words. Totally destroy north korea in his first address before the United Nations general assembly. He talked about the rocket man on a Suicide Mission for himself and his regime that has the world paying attention. Adam shapiro has the latest fireworks from the u. N. Former defense official Peter Brookes whether trumps Crystal Clear threat is likely to bring rocket man kim jongun to the negotiating table, or, push his Nuclear Trigger finger. The president also making his positions clear on immigration but the eyebrow queen of Beverly Hills would never have been able to build a multimilliondollar beauty empire that employs hundreds of americans if the borders had been slammed shut to her years ago. Well talk to her about exclusively about immigration, eyebrows, and entrepreneurs. No jitters, dow, s p, and nasdaq on record pace for for record closes. Less than an hour before the closing bell. Lets start the co