Dow indicated up by about 200 points, s p up by about 20 and nasdaq up by about 59. The dow closed above 26,000. S p was actually up about two points ant the nasdaq up about 32 treasury yields about where weve been 10year around 0. 7 . This morning, it is at 0. 715 overnight, twitter adding a warning to a post by President Trump. The tweet is a video of two toddlers running down the side walk that had been altered that said racist baby probably a trump voter. Twitter tagging that as manipulated media with a link that the original was cnbc story about a friendship between two toddlers the continued battle between social media and some of the social Media Companies and President Trump. Facebook removing Trump Campaign ads that used a banned hate group symbol to identify context. It issued a red triangle symbol used by nazis. The campaign used that symbol as it denounced antifa, a group of protesters the president has blamed for vandalism during the protests a lot of back and forth in ter
After jay powell made down beat comments about the economy just as coronavirus cases were spiking in the south and the west today the fed chief once again made it clear that the economy remains weak and were seeing more gigantic coronavirus spikes in the south and west this time the dow surged 527 points as it jumped 1. 90 , nasdaq pole vaulted 1. 57 . How is this possible how is it possible goes down gigantically, same thing, next time goes up two key differences. First the fed is planning to buy individual Corporate Bonds to ensure Companies Stay afloat if we had survival of the f fittest, powell is doing everything to limit carnage, survival of everybody. Second, we had the biggest sales gain in history up 17 in may. That sounds very vish we have a super accommodating fed at the same time were Getting Better data which means the recovery has staying power and almost broke oil company or restaurant chain wants to issue bonds, the fed would probably buy them i know there are a lot of
Cycle during that period. We havent spoken a great deal about impeachment. I am curious as to the decision to take questions. This was originally scheduled as an address to the nation. Now it is turning into a press conference. Why . Kevin that is how the president prefers that. You saw a preview of it at the state Department Yesterday with secretary pompeo. The president and Administration Officials and private conversations, and what i would predict to be increasingly public conversations over the next day or so, are going to push back on the notion that the strike against soleimani was not the right course of action. This is someone that even democrats have noted is someone who is a bad actor. The democrats are saying they disagree with how the administration conducted it. The president has suggested that new evidence is going to be released that will illustrate why he ultimately made that decision, and we could get a foreshadowing of that in just a few minutes as we await the presi
Wild card weekend in thegoing. Early today starts right now good morning to you on this monday im cori coffin. And im Frances Rivera we begin with breaking news and the growing tension between america and iran President Trump while speaking to reporters aboard airforce one, doubled down on threats to attack cultural sites if iran retaliates for the targeted killing of one of its top generals the president also responded after the Iraqi Parliament voted to expel u. S. Troops from the country. Mr. Trump vowed to issue sanctions if u. S. Soldiers are forced to leave. Meanwhile, the house is back in session this week, and Speaker Nancy Pelosi issued a statement saying a vote will be held on a war powers resolution to limit the president s military actions regarding iran mike pompeo on every Network Morning show defending the airstrike that killed irans top military leader, general Qasem Soleimani. He was working on plots that were aimed directly at not just in iraq and President Trump made
We start with the falling cost of borrowing, because the worlds most powerful central bank, the us Federal Reserve, has cut Interest Rates again. The fed has lowered the range for its main Interest Rate by a quarter of a percent to between 1. 75 and 2 . President trump has been pushing for the fed to cut rates to boost a slowing economy and weaken the dollar to help us exporters. So was he happy . Far from it. Heres what he had to say on twitter. The bbcs Samira Hussain was in washington for the fed meeting and sent us this. The Federal Reserve did what most people expected it to made a small cut to us Interest Rates. Why . Well, although Household Spending is increasing and the Unemployment Rate remains low, exports and Business Investments have weakened. Fedi Chairjerome Powell a trip is that wea kness to Chairjerome Powell a trip is that weakness to trade policy. Since our last meeting with seen additional signs of weakness abroad and a resurgence of trade policy tensions, including