It is a very special session. We have you covered. All that, so much more on making money. Charles so the unknown Economic Impact continues of the coronavirus continues to weigh on the market. Again this as investors attempt to factor in how impactful the Federal Reserves emergency decision to cut rates by 50 basis points this morning will actually be. As the 10year yield fallen below 1 for first time ever. President trump addresses Central Bank Decision to lower rates a little while ago. Take a listen. We have to be competitive with other countries. When were paying two points more than germany, were paying more than other countries, we should pay less than everybody else. Of the fed rate is too high. Simple. It is too high. It puts us at competitive disadvantage, especially exporting our product to other countries. The other countries love that i dont like it at all. I would like to see our fed lead instead of being led. Charles joining me bellpointe chief Market Strategist david nel
On making money. Today im proud to declare that the United States is in the midst of an economic boom the likes of which the world has never seen before. U. S. Stock markets have soared by more than 50 since my election, adding more than 19 trillion to household wealth. Charles President Trump launching the explosive American Economy in davos, citing unemployment rates, Household Incomes and of course the stock market. America is the best economy in the world but what challenges does it face in 2020 . I have a allstar panel for you in studio. Money map press chief, Keith Fitzgerald and Shah Ghailani and Technical Strategist dr barton. Let me start with you. We pot major breaking news ten minutes ago with boeing now saying that their plane wont get faa approval until maybe july. So if 180 points on downside, 90, boeing, number one component in the Dow Jones Industrial average, in a freefall at this moment. So there are things that can delay this rally. Were looking at one of them right
Charles stocks continue to record run, dow, nasdaq and s p all record highs, mostly because of upbeat earnings, in fact, housing went through the roof, punt intended, 1. 4 million, the number well over 1. 6 million, thats what we call a monster beef, folks, jackie on more of the housing renaissance, jackie . Good afternoon, this is a monster beat when you take it bo context, you see why the market is up, strong earnings, great progress on trade but also strong fundamentals, thats such an important piece of the puzzle. Take a look at this, the month of december, that was the housing start, highest level since december 2006, more than 40 year over year, increasing to highest level, multifamily strongest since 1986, this is all according to the commerce. Now whats spewing the spread, the rates, its not just the fed, also strengthening the u. S. Economy, thats what makes people more confident to go buy homes, people that are scared dont want to commit their money even if rates are low, whe
We said we would never send medium range missiles. Thats what we did, said we would never send planes now. Summit doing it. Were set too many boundaries. So to speak, you know, of the temporary, the, or before we get to our russian president ial election coverage. We have an awful lot to discuss this, our life for most going on see international. So taken off the, our now from of the russian border regional belgrade. Ill be honest on one person whos being killed in 2 wounded and a new round of ukrainian attacks on the area. Its according to local officials. And this comes as a russian at defense is shot down 10 aerial targets during their approach towards the city. Unfortunately, civilian casualties could not be avoided. Thoughts each producer on the ground will bring us more details just a little bit later in the program. Meanwhile, in dont yet its 3 children to go. Busy and a boy have been killed over night and ukrainian, shutting a residential building was hitting the attack. And ac
90 minutestes ahead from the close. Mark stocks a bit lower today, little changed, down by. 1 . They were higher by. 1 a little earlier. The president stepping back from this immediate declaration of independence. Lets get more spain centric, this is last monday, one day after the referendum through to today. Losses at 4 , now down just 1 for the duration. The ibex marginally lower for the period, investors responding to whats been going on in the last 24 hours, as they are with euro, which is up today for the fourth day. Catalonias president stepping back from that immediate declaration of independence from spain. The spanish Prime Minister stepping up pressure on catalonias government to back away from independence talks. That could lead to the assertion of direct control from madrid. Analysts forecast the euro will end the year at 1. 18. The most bullish at 1. 26. Pnc financial has a 1. 07 forecast. Those are the two ends of the spectrum. Yields in the 10 year the aftermath of the r