A variety of issues. Remember that when you see the speech. After the speech, President Trump will meet with britains Boris Johnson. Now, that meeting should be about a big trade deal. However, earlier today, Britains High Court ruled that the Prime Ministers suspension of parliament was illegal. That complicates an october 31st brexit, and you cant have a trade deal til the brits are out. Meanwhile, democrats are racheting up their calls for impeachment. This time its about that call to ukraines president and a new report that the administration has delayed aid a week before the call was made. The market doesnt care. Despite it all, stocks will open higher again. Now, we have no idea where the markets going to close but at the open of trading the dow is going to be up maybe 50, 60 points. S p up about eight. And a 25point gain for the nasdaq, going up at the bell. But wait tlrn, theres more. Bernie sanders oneups Elizabeth Warren with a wealth tax proposal. And the europeans give goog
Maybe 50 odd points today. Its a down day, at least at the opening bell. Caution, tomorrow we get the big report on the Service Sector and friday, the big jobs report. If either confirms the manufacturing slowdown, im going to say watch out below. And this, too, may be a negative for stocks. The hong kong shooting tuesday night, an 18yearold High School Student goes down. It is urban warfare. No other name for it. More protests are planned for right now. Dont ignore this. The National Day Military Parade in beijing on display, a series of very modern weapons including carrier killers. That is missiles capable of knocking out an American Carrier battle group. That would change the military balance in the pacific. Thats the asian backdrop to the trade talks, not that encouraging. We are invested in you and we will take you through what may be a nailbiting day. Varney company is about to begin. Stuart this market is likely to open this morning on the downside after a fair sized drop yeste
Million to 30 million tons. Next case, the federal reserve, jay powell says hes going to grow the Balance Sheet but dont call it qe4. Okay. I will put it into english. Interest rates are coming down. China trade and Interest Rates, thats why the market will go up at the opening bell. The dow lost 300 yesterday, likely to go up maybe 200 at the open this morning. The s p, the nasdaq, very solid gains this morning as well. Look, theres a lot coming at you throughout todays program. A jury awards 8 billion to a plaintiff who says he wasnt warned about the dangers of a Johnson Johnson drug. 8 billion. One hour from now, we will find out how many jobs are available, upwards of seven million. Two hours from now, jay powell speaks. We are following, yes, we will translate for you as well. This afternoon, the first lady brings youngsters to the white house to outline the dangers of flavored ecigarettes. And we may hear from nba commissioner adam silver. Hes in china, dealing with basketballs b
They blame higher costs, they blame amazon for the competition in shipping, and of course, they are blaming china and the tra war, blaming the Global Economy as a whole. We have a huge show for you. Look at this lineup. Senator roger wicker will be grilling social Media Companies on the hill next hour but we have him first. Sarah Huckabee Sanders on that fiery Cory Lewandowski hearing. Martha maccallum on Elizabeth Warren getting grilled by Stephen Colbert. And tom brady and Dennis Rodman are on the show as well. Wow. What a lineup. All the big names are here. Im david asman in for stuart. Varney company starts right now. David we have some breaking news from President Trump. He just tweeted out quote, i have just instructed the secretary of the treasury to substantially increase sanctions on the country of iran. Check oil, it is now trading after hours, remember, it came down tremendously yesterday, its still dropping. Now its under 59. Looks like its headed to 57 a barrel quite a dif
Heres another headline from asia. North korea says u. S. Authorities will hold talks on their Nuclear Program on saturday. We dont know who represents america. The state department confirms, however, that the talks will take place. Politics. Real trouble for joe biden. Hes becoming a casualty of Speaker Pelosis impeachment drive. Fox has obtained this picture showing the former Vice President with his son hunter and on the far left, devin archer, who was also a director of the Ukrainian Gas Company. Biden has said he never discussed his Sons International business with him, but they went on this golf outing in the hamptons in 2014 when mr. Biden was president obamas point man on ukraine. As for the market, well, it looks like a rally on wall street to start the new month. Yes, its october 1st. Varney company is about to begin. Stuart take a look at this. Im going to say it again. Despite it all, weve got the market opening higher this morning. The Fourth Quarter begins as of today. Sep