Didnt exactly do wonders for Hillary Clinton four years ago. Were on the latest theme park controversies going on in california. Walt disney land not open yet. Doesnt look to open anytime soon, even though businesses in and around the Magic Kingdom over there are beginning to reopen. Meanwhile the Magic Kingdom on the other side of the country, florida, disney world, very much open. Were on top of all of those developments including getting ready for the the big debate tomorrow. The markets have an interesting way of playing off of that. We have the latest with Hillary Vaughn with the what is in store for the final president ial clash. Hillary. Reporter neil, the stakes are clearly high because both campaigns have indicated their internal polling shows that the race is much closer than what public polling suggests right now. In a new survey from the university of New Hampshire might explain why. According to the survey there are a lot of shy Trump Supporters that feel like they need to
Possible covid19 treatment all in the name of politics. Biden and his very liberal running mate should immediately apologize for the reckless antivaccine rhetoric that they are talking right now, talking about endangering lives and it unmines science. Charles well get reaction from the rnc and along with Fox News Contributor liz peek. All that and so much more on making money. Charles well the markets opened under considerable pressure today, extending the selloff that began late last week. For the most part everyone agrees stocks were over their skis especially growth names that went parabolic in august. What is not agreed how much pull back we should expect. On that note i would like to there are different variety of pullbacks. There could be a shallow downturn. There is pull back to the former breakout roy is old resistance points. There is breakout to the 50 Day Moving Average. Worst one is 50 retracement. You see a pullback of at least 50 of gains that were established from the ma
Arab emirates. What were told israel is going to stop its expansion on the west bank and production going on there. It gets a little bit international in scope here as would be the case but for the markets it is deemed to be a positive development if it leads to similar Peace Agreements and normal relations israel enjoys with the likes of jordan and egypt. That is a positive development for the market. Well look at. That the big Pressure Point for the markets is obviously the ongoing concern about the stimulus talks that so far seem to be going nowhere fast. The president initiated a number of executive orders and actions he wants anyway. Nancy pelosi says there is no way in heck they will ever come to fruition so neither side is talking. This like one of my big ol italian families are Holding Grudges and they dont even know what theyre mad about. Were following that and also former ambassador ric grenell, foreign deals, international dough mess strict struggles and grudges, but maybe
Woke hypocrisy . That and much more on making money. Charles all right, folks here is what i think are three main reasons for todays steep sell i dont have. Stocks got too expensive, short term, bottom line. Last week we saw the stock market put it in the best 50day rally in it history. Guess what . It only got stronger. It got parabolic. That is chance that weve seen best 60 days ever and pullback was way overdue. Second, the Federal Reserve refused to lay out concrete ideas how they provide extra hope to prolong the recovery. Wall street wanted more about bending that yield curve. Third, investors are waiting to see how much cash begins to circulate in it economy. I want to bring in two of my favorites, wallser, rebecca wallser and keith fitzgerald, principle his group. Keith, before you start, from march 23rd to the peak this week, s p was up 45 , dow up 47 and nasdaq up 46 . I like to remind people occasionally markets go down. Thats the thing. They stink. Theyre uncomfortable. Its
Thinks about the issue of negative rates. Then nancy pelosi, she is set to brief the houses Coronavirus Select Committee in less than an hour on the next stimulus proposal that multitrillion dollar proposal. The only doctor that will be on board, Tennessee Republican congressman mark green. He is going to be here. He will join us what he wants to hear when nancy pelosi starts that underway, 3 00 p. M. Eastern time in an hour. Washington is pressuring airlines to next their Customer Service policies. How a new proposal could help you get your money back because they have not wanted to give you your money back. You probably know. A lot more coming up on the next hour of making money. Cheryl stocks falling sharply. The nasdaq is now back into negative territory for the year. As you can see, we are now down 535. The dow at its lowest today, down 605. The nasdaq down 202. Techheavy nasdaq 2. 25 loss. S p down more than 2 . Federal reserve chairman Jerome Powell gave some dire warnings about