Into the end of the year. Some say good for him, it is about time we focused on hiring americans. That and more on making money. Charles apple, amazon, microsoft, facebook, netflix, yeah, all in record territory folks. [inaudible]. Sectors are higher with tech and Communications Services leading the way. As new home sales may have smashed expectations for may. 676,000 was the number there. Richmond fed manufacturing number saw a huge improvement. Then is was the bmi number almost at expansion. Wall street analysts and titans theyre coming around despite the fact they get hammered in the Financial Press for being optimistic. Credit suisse joined Morgan Stanley saying yes, well have stronger stock gains this year. Steve schwarzman says economy in for a big vshaped bounce. Where should we invest right now as we Gain Momentum . I want to bring in belpointe strategist david nelson and Heritage Capital paul schatz. Let me get your initial thoughts on the current action in the market the last
We are going to go through a very tough two weeks and then hopefully as the experts are predicting, as i think a lot of us are predicting after having studied it so hard, we will start seeing real light at the end of the tunnel but this will be a very painful, very very painful two weeks. Stuart the president s top medical advisers project a death toll in america of up to 240,000. Everyone is now paying attention. Now weve got to focus what will likely be the worst Economic News coming at us in generations. Millions of people will not be paying their rent this month. How will that ripple through . Millions of people have just been laid off. New unemployment claims coming out tomorrow will again show millions added to the jobless list. The airlines, they are reporting passenger traffic levels down 88 in two weeks. And Mortgage Applications down 24 from last year. The market, of course, reflects these new uncertainties. The dow dropped over 400 yesterday and this morning, its likely to o
Todays washington journal. Join us for many florida is alan gomez is reported at usa today specializes in immigration. Good morning, mr. Gomez wanted to start first with the president s comments from yesterday. Ro it was a headline in the miami herald trump leveled tirade. We know that maybe 1 million haitian immigrants in the u. S. How we are in south florida effort floor in general . What you reaction been . Theres about 300,000 state of florida, about a third of those registered to vote which we come very important as we move ahead. You can imagine what the reaction has been. Everybody is besides that suffered the president came down to south florida during the president ial campaign and addressed a group of patients specifically he spoke to them. He talked about being a champion we came to washington and obviously a lot of them are very upset with whats happened. Weve heard that the haitians have summoned the head of the u. S. Embassy in portauprince to meet with the haitian presid
Outlook for the future is looking strong. This is remarkable in itself especially considering the news background. The government may shut down the end of this week in the president is talking about withdrawing from nafta. Investors do not care. A little history if i may. The dow first crossed 1000 in 1972. Hello in the seven hundreds in the early 80s. Today, 26,000. Very glad you are along for the ride. Varney company is about to begin. Another historic day for the market at the opening. First of all, the big tech names. Look at them though. These are premarket quote. This is the price now. Apple, amazon, every single one of them that. Amazon for heaven sakes up 15 backs premarket. The big banks this morning, some of them reporting profit, all of them up with the sole exception of jpmorgan. The rest they gain especially citigroup up to. 5 premarket. Profits more than doubled at United Health driven by a onetime tax gain at the tax code overhaul. That could echo up two bucks. Boeing, C
If just part of that comes back here, thats quite a stimulus, at no cost to taxpayers. Lets get to politics. From President Trump, hes invited philippines duarte, and another surprise, the president has promised on key issues to keep the government running until the end of september. Varney company, about to begin. A live look at capitol hill and the white house and an agreement on funding the government. Its a trillion dollars spending package that would keep the government operating and keeps going through the end of september. Here is what is out of the bill. Here is the compromise. No funding for the border wall. No money for a deportation force. No cuts in funds for sanctuary cities and no cuts to planned parenthood. As we said this is a trump compromise and some will call it a trump cave. Much more on this throughout todays program. Again, were going to say it, there may be a vote on health care this week. President trump says he guarantees you will not lose coverage if you have