The averages gave back their gains. The s p declining. Nasdaq dipping. 24 . There is a lot going on here i think even the tariffs on until china actually follows through with its promises since they doublecrossed us so many times makes a ton of sense it should have caused a rally, not a selloff. But maybe i was some sort of weird mistaken reason to take profits. First, lets consider how much good the trade war may have accomplished in our country in a short time tomorrow the United States and china will sign the historic agreement. They agreed to buy 200 billion in goods and services from us to roll back half of a 15 on levies on other products were still keeping tariffs on chinese goods and china allowed the currency to become much stronger the in exchange, were no longer ka a. K accusing of them of currency manipulation so for everyone that told us the Chinese Communist party is playing the long game, that there was no way we could win, and we would get nothing, well, how did that wo
Down with the tie ranrany, we ho stop worrying about the declines the yield on the tenyear got hammered before the market open so the averages got hamerred as i did my best to protest that and as treasury yields bounced back, stocks did, too. Down 589 and s p up. 08 being down 2 and nasdaq up 3. 8 down about 1. 7 you know what im calling this today im calling a huge win for the bulls. Normally when you see this wild action in bonds, yields nosedivi nosediving, it means a recession is around the corner but i think thats a misreading of the current situation. The truth is u. S. Treasuries are giving a much better return than bonds from any other developed country. If you live in europe and want a nice, lowrisk Free Return Exchange euros for dollars and buy u. S. Treasuries. That drives rates down call it globalization Collateral Damage the russia bond buyers from overseas is spooking the stock market Stock Traders see it as a symptom of incredible weakness in reality, its a symptom of we
First a check in on the market the dow lower by nearly 300 points moved low er perhaps by the fitc rating plus, some street talk around discover financial the company ceo resigning. That stock down more than 10 . Also, good news, bad news. The good, Warren Buffett adding a stake in the stock bad, home Builder Sentiment dropping sharply with rates over 7 . We begin with the warning from fitch the firm saying it may be forced to downgrade dozens of banks, big ones, including jp morgan chase, coming after recently downgrading the United States credit rating. For market reaction, lets bring in doug butler, director of research at Rockland Trust what has got fitchy feeling so well, i could rhyme but i wont. Ill also not go there. But again, fitch downgrading the banks, very core lair to what they just did. Its their really negative on the government and theyre taking this as a broad swath theyre saying the Banking Industry as a whole and greater problems which is why they would hit jp morga
Trump lawyers saying super not happening. Those lawyers not only worried about the pending crush of cases, but right now their client as well. Theyre not keen on the former president s plans for a major News Conference next monday in which he will reveal irrefutable ed of Election Fraud in georgia. So many moving legal pieces, so little time. Weve got the former Attorney General bill barr on that very issue, time. If you think about it, thats what it comes down to. Time. What legal cases can move forward and which ones cannot. Bill barr is here. Your world is now. Welcome, everybody. Glad to have you. Im neil cavuto. Bill barr in just a moment. First right now, we want to go to washington and this drama that is building fast and furiously with all of these pending cases and moving cases of pushing things back. They also concern some separate issues on the hunter biden matter. All of it happening together. Lets get the very latest from david. David . Neil, you mentioned time. Were waiti
That im telling you right now that [bleep] that [bleep] back there is not real. Kat i have two theories to question what she was seeing was real or not first is ambien and chardonnay and second one she was reading the news. It is definitely been an insane week for news. There have been stories coming out all over the place about things that arent real or that seem like theyre way too hard to believe. Or in the case of michael oher a story i guess we should have maybe never believed. Is your tailback when you look at him you think how you would never let anyone or anything hurt him all right go back. Got it. What about collins . Fine they can be on the team too are you going protect the family michael . Yes, maam. Inspiration behind blind side is now suing the family that adopted hem claiming that they took a lot of his money and that they never actually adopted him at all. The family is denying everything but the movie was advertised as based on true story turns out maybe that [bleep]