Well. President trump will make his way to austin, he will tour mac pro manufacturing facility with tim cook. Impeachment hearings in washington, was billed as the most crucial day. The morning session many ways appeared to live up to that billing. Ambassador to the European Union, Gordon Sondland retreed new details about dealings with ukraine. President trump reacted to all of that. Blake burman was on the lawn of the white house. He joins us from the north lawn with the very latest, blake. Reporter what a morning in washington. Started with explosive testimony from Gordon Sondland, current ambassador to the European Union up on capitol hill as part of the impeachment hearing. Son land in his written testimony today he laid out an entire section he described in his words a quid pro quo. According to sondland in order for the newlyelected ukrainian president Vladmir Zelensky to have a meeting with President Trump, ukraine had to announce it would have investigations into the 2016 serv
screen throughout next couple hours. the dow, boy, soon we could be talking about dow 30,000, right? we re at 29,300, up another 25 points. save that for a moment. blake burman is is live at the white house. this is the situation, blake, saying what type of remarks might we hear from president trump? we got a little bit after preview at the prayer breakfast. reporter: we got a preview at the president gave a speech at the national prayer breakfast in washington, d.c. this morning. normally non-partisan event. democrats, republicans show up. annual event. he did not hold back. at very beginning president walked in held up a couple of newspapers right off the bat, celebrating headlines of his acquittal yesterday from the senate on two impeachment charges brought over by the house. then after that, without naming nancy pelosi and mitt romney specifically it was very clear though that he leveled this blunt criticism at those two. listen here. i don t like people who use their f
Concerns about Rising Interest Rates and some nitpicking about selected corporate profit reports. The Dow Jones Industrial average plunged 665 points to 25,520 or about 2. 5 . The nasdaq dropped 145. And the s p 500 dipped 59. All 30 of the dow components were lower. A day of rumrs. And of all the 500 stocks in the s p 500, only a handful were in the green and higher. Today concluded the worst week for the major afternoons since 2016nd selling starting with the release of the january jobs report. Employers added 200,000 jobs last month, which was more than expected. E remainedoyment r steady at 4. 1 . And wage growth accelerated. Average Hourly Earnings jumped 2. 9 from a year earlier, the y strongestr over year gain since 2009. Investors are concerned veho that that could trigger higher inflation, and so bond yields a rose stocks fell. Bob pisani has more on the selloff from the new york stock exchange. Reporter stocks gave up about one third of januarys strong gains. The dow and the