S p rising. 45 and somehow phony and engineer by the Federal Reserve, which means everything will end in tiers look, we definitely got a boost from the fed but it makes the whole move fake is ridiculous. When a day the s p broke out above 3,000 hitting an alltime high i want to put the fed mandated bubble talk to bed so yes, its true that the averages were looking its true the average were looking down before Jerome Powell gave dovish testimony how the economy is not in great shape. Powell admitted the business is slowing. Hes right although he probably should have mentioned the december rate hike played a role powells speech made it clear the feds are cut rates if the economy keeps deteriorating and hes expecting to continue to deter rate the prospect of a rate cut ignited the market today but you heard the same story from commentators that say its all one big hot air balloon. Practically a hydrogen filled zeppelin thats bound to crash in lake hurst, new jersey, when is a hinder berg
Ban on huawei. Grounding may have serious implications for boeings future credit worthiness. Shery lets get you started with a quick check on how markets closed in the monday session in the u. S. 3 , as we rallied had tech shares leading the gains. The Philadelphia Semiconductor index up 2 . We had some positive trade news on the u. S. China front, not to mention a time of earnings and analyst calls. Apple being the biggest win on the nasdaq, up. 7 , with Morgan Stanley boosting its price target for the stock. We had Energy Shares gaining ground with crude jumping the most in more than a week. Tensionsanu. S. Ongoing in the middle east. Lets see how things are shaping up for the asian market. Pointing tores are modest gains in toto, sydney, and seoul. Tech firms very much interview with optimistic call travel and macron plus micron plus. On the koreajapan parade fund, governmentont, a official from south korea reportedly said the country is preparing a plan for a Semiconductor Test to
S p and the dow look to make some history again today crypto again as we said in the cross hairs getting blasted from all sides and a surprise for snap were going to tell you what has that stock moving higher this morning. Stocks are aiming to make some history again dow and the s p on track to set some new alltime interday records. A day after posting record closes including the dow finishing above 27,000 for the first time, jim. As, again, powell was the name of the game. Yeah. Look, powell is giving you what you want if youre a bull. There were some great lines where you said, look, remember what my job is my job is if we have an expansion, keep it going and that is so bullish because what hes saying is we have an expansion. It may be slowing. Weve got to keep it going so we have to do some cutting. The part of the game with 25 versus 50 is a setup the bears are saying we need 50 so that the stock market does not run down theyre not going to get 50. Im disappointed i think what powe
European equities, up by 8 slaegts 10 off a percent we had pretty Good Movement over it had it last 24 hours because off powells testimony 1. 60 we were over 190 10year note, 2. 056 if youre planning your day its time for the crosswalk flan aer for try to pace yourself and this is right at the it very beginning of your day because youd do vp oorks and later in your day, im watching washington do the same stang and hell not see you. How were going to get numbers from Delta Airlines. After the close. You also have to be aware of ho, thats right im eves dropping youre down to five, are you not . As sooner as the numbers are out, ill give you a free cnbc envelope did you see that engine yesterday with video kw the thingroiding around in the it did. I just saw people complaining they didnt feel like they andaus compensated enough for it sglrts then you would do if you saw that it fer and if you saw nangen come across on a flight i would mang. Ohow would you notify somebody theres not enough
Todays washington journal because the houses is about to gavel and for the day. Live coverage beginning in a minute on cspan. We will see you tomorrow morning back here on the washington journal. A communication from the speaker. The clerk the speakers room, washington, d. C. , june 25, 2019. I hereby appoint the honorable Henry Cuellar to act as speaker pro tempore on this day. Signed, nancy pelosi, speaker of the house of representatives. The speaker pro tempore pursuant to the order of the house of january 3, 2019, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. The chair will alternate recognition between the parties. All time shall be equally allocated between the parties and in no event shall debate continue beyond 11 50 a. M. Each member other than the majority and minority leaders and minority whip shall be limited to five minutes. The chair recognizes the gentleman from texas, mr. Green, for five minutes.