Times of august ready a Secretive Alliance with the nations top Energy Producers to fight obamas climate efforts. Fromll get response 350. Org and food and water arch. We will speak with the texas republican member of the Electoral College who publicly announced he will not vote for donald trump. Could this be the start of a rebellion within the Republican Party . If the judge orders in and to michigan recount, we will spek with john bonifaz. All that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im amy goodman. President elect donald trump has scottced he will pruitt the head of the epa. Pruitt claimed the Climate Science change is far from settled. He is seen as a close ally of the fossil fuel industry. In 2014, the New York Times revealed pruitt another republican attorneys general had formed an unprecedented secretive a aligns with the top Energy Producers to fight oh by ms. Climate obamas climate effort. Said the epa a letter accusing
Soros didnt help matter. Were getting little bit overbought. We talked about frequently. Was getting closer within a half percent of its all time record close. The dow and the nasdaq also have days. Allying for a few he certainly again did not help matters. Looking at some big percentage declines. Them. L is one of offshore driller seeking to cut debt load. Investors dont like the shares down 10 . Nrg energy that stock downgraded to sell over ubs. Says its not justified. Chesapeake energy also getting downgrade. This one coming from rbc. Saying there are opportunities risingvalue in a commodity environment. For chesapeake theyre more amongstthan they are some of the peers. Were looking at restoration hardware. Numbers came out with that missrd estimates. Loss. Ed unexpected also had a disappointing forecast and its pulling down some of the other home retailers. Also feel the pain today. I talked earlier in the day falling. Ks Asset Managers also falling. If you have a big name like sor
Corn futures are adding to gains as a result in chicago trading. This is a crop report. It includes Crop Production numbers. It raises the winter wheat out as well. There is a result corn crop cut. It sees a lighter supply estimate for soybeans. This is overall in the world. ,orn and soy in wheat forecasts at least for coin in soybean, its weaker than expected. Its higher when it comes to wheat. We is little bit more surplus. The weather has been an issue. Potential hotter summer down the road. That could damage the land of the crops being planted. Scarlet were going to get more information on this. We were at guys together. Scarlet lets head over to shery ahn who has the latest. Some ahn there was caution before. Happy friday. We are seeing a global stocks retreating. This is from the biggest twoday decline in a month. And theseeing the dow nasdaq falling across the board. This is the second day of retreats. Getting itstors ready. We have the fed meeting next week. 7 brexit vote. At o
This is the first declined so far this week. Six of 10 major indices were lower, financials and cyclical groups were the worst. We started lower and did not close in the green, but finishing well off the lows to continue this trend of a bid supporting the markets. Alix materials and banks were the two were sectors. Take a look at what happened to them today. It was a brutal morning, near a 10 month high, kicked down, and claude back to neutral. Back to neutral. You had that great treasury rally that put pressure on financials. Joe you are never going to onieve this, but yields Government Debt are lower once again today. There is the 10 year yield. Every day. This is my favorite part of the day when i announced the new lower yields. Falling below 1. 7 for 10 year yields today. Grinding lower there. Same in the u. K. , brandnew low there. , but we can get more of them tomorrow. Scarlet take a look at the dollar recovering, but not against the kiwi. The kiwi the strongest in a year , so w
Holding near record highs. The ecb did exactly what everyone expected. Wait and see. Julie still watching various earnings reports. Stocks have taken a bit of a turn for the worse after rising to records again yesterday. The dow having an extraordinary winning streak now. We are seeing a pullback for the three major averages. Earlier in the session, we saw stocks unchanged. It took a pretty sharp leg downward, not that long ago about 20 minutes ago. Now, near the lows of the session. On the earnings front, on the one hand, we have pretty significant earnings wins. Qualcomm beating estimates here seeing increasing demand from china. If i billion dollar buyback and ebay raising its forecast for the full year. Thats a 5 billion buyback. Intel pulling back after that companies that company plus earnings had been falling. Intel pulling back after that companys earnings have been falling. Union pacific suffering as the company talks about a weakening outlook for demand for shipping things ar