It is the 32nd time this year the nasdaq has set a record close again. This morning, we are looking at a negative picture this morning, you are looking at red ar owes. S p indicated down by about 16 points everybody is waiting to see. At least right now, 10year looks like it is narrowing to 2. 5 jobs friday today. Forecasters will expect payroll to climb 1. 48 million after june gains shattered expectations a huge number this time around unemployment is expected to drop 10. 6 from 11. 1 from june well take you through 8 30 a. M. When those numbers actually hit. News breaking this morning for those of us in new york city who woke up and thought what just happened. Con edison investigating widespread outages. As an upper westsider, no power there. You lost power . A true black out. We are in 2020, what could go wrong . I looked around and thought, it is so dark what is going on is the nasdaq going to have power. What am i going to do . Here we are middown. You left connecticut to come to
Another record. Bitcoin reaching a new high above 71,000 this morning. Look at the move. It has been a staggering move. 71,758 as we speak and climbing. Crypto adjacent names, coinbase, et cetera, seeing gains. There is three days after ethereum breached the 4,000 mark. Look at the crypto stocks. Trading higher this morning. Early this morning, i should say. Coinbase and robinhood. We will talk to Michael Saylor at 8 30 a. M. Today. We will ask why invest in the proxy when you can invest easily in the etf now . Thats one of the big shifts. Hes a brave man. He is a brave man. Buying more bitcoin. That would be his argument. He is a levered bet on crypto. The stock is a leveraged bet on crypto and bitcoin in a way that you could go leverage. Aside from the Software Business. That is not part of the deal. Have you heard about coinbase and what goes on there . The zero balances on the high volume base . I have been looking at it. Whats going on . I have seen it. That number is nice. It goe
American nation could achieve. No one could even come close to us. Maria the present renewing his call for immigration reform. He went to be an immigrant friend collecting welfare. Congressman Steve Scalise a special visitor on capitol hill. Bought a scion of card after another update on his health. Doctors say hes improved to fair condition. Once again another grade. Tropical storm cindy makes landfall. The threat of heavy rain and flash flooding 2 million. Photo looks to rebound today. The lowest level in nearly a year yesterday. Today up two thirds of 1 . The Broader Market in terms of stocks. Take a look at stocks this morning. The market fractionally lower. Dow industrials down 20 points. Nasdaq and s p 500. As you will see, weaker across the board. Ft 100 the cat around down 100. In asia overnight, as youll see with the exception of korea up one half of 1 . The motorcycle chain getting into rival ducati. We will tell you about that developing story. Tom brady makes another stop o
And create less uranium, not enough to build a nuclear weapon. In exchange, the world will halt further economic sanctions and allow iran to get 6 to 7 billion from frozen accounts. Plus, iran agrees to daily inspections. Its not based on trust, its based on verification. Reporter the deal slows down Irans Nuclear program but doesnt stop it. Thats whats got israel concerned. This agreement has made the world a much more dangerous place. Its an historic mistake. Reporter even some of the president s closest allies dont think its enough. Its disappointing to me that iran is still going to be allowed to enrich while theyre talking. We just feel more pressure needs to be brought on iran. We have all the leverage in the negotiation and weve let them out of the trap. Reporter it took a year of secret meetings to get this far. President obama insists this framework will lead to a more comprehensive agreement in six months. Tracie potts, nbc news, washington. Our chief International Correspond
Uncertainity over the situation put traders on edge as stocks fell and gold and oil gained ground. Fdic sues 16 of the Worlds Largest banks. Accusing them of manipulating libor rates. Quiznos files for bankruptcy protection after years of struggling with high debt and stiff competition. And according to an sec filing obtained by fox news, target officials admit the holiday cyber breach may be worse than suspected. Trader Ben Lichtenstein of tradersaudio dot com joins us on the show this morning. Good morning to you ben. Good morning. So what kind of fallout do you think well see in the market. Will we see a major fallout or will it be a kneejerk reaction after that vote in the ukraine . I think it really depends on key levels and consistency or conviction if you will and energy above or below those levels. Last week closing out the day on friday we had some weakness in the market but unable to really release to the downside. So that downside level is certainly established right now aro