Because of the hong kong elections. Record turnouts sunday, big loss for scombrabeijing. I think its heartening to see the people stand firm. For xi jinping, its a setback. What will he do now . Investors round the world cheered. Its part of our rally on wall street today. No cheering for uber. The authorities in london will not renew ubers license to do business there. Ouch. London was its best European Market. Uber takes the hit because of passenger safety concerns . Gee, i wonder if londons famous black cabs had a hand in this. Ubers stock is down 4 premarket. Seconds from now, frozen 2 big box office, tesla, dare i say a smashing success, and a little blue box, tiffany, now worth 16 billion. Varney company is about to begin. Has elsa seemed weird to you . She seems like elsa. Theres voice. Voice, what does that mean . Head for the cliffs ive got you. Stuart there you have it. Frozen 2 debuted this weekend. 350 Million Worldwide. That was the opening Worldwide Box Office globally, t
Potential break in the investigation into the massacre of Nine American women and children in mexico. They were killed monday in sonora, thats near the u. S. Border. Sources tell cbsbs news the victims may have been targeted by a drug cartel. Authorities in mexico announced the arrest of a heavily armed person who may be connected to the case. Were also learning a teenage boy walked 14 miles to get help after hiding his siblings in bushes. Five children were wounded and are now back in the u. S. Recovering. Family members are now mourning the three women and six children killed. Mark strassmann reports from mexico city. This is for the record. Nita and four of my grandchildren are burned and shot up. Reporter this video posted to facebook shows the aftermath of a massacre. The ambushes of three vehicles carrying american women and children. The extended family was attacked by gunmen believed to belong to one of mexicos most brutal cartels. Family members say the bodies of 30yearold mar
Joining the conversation Fox Business Network dagen mcdowell, daily caller editorinchief chris bedford, former republican candidate steve forbes, great to see you this morning. A lot to talk about, also on deck this morning former Senior Adviser for president george w. Bush, Fox News Contributor karl rove to preview democratic debate tonight. Also Peter Navarro is here this morning to talk u. S. China trade when we do have big news this morning on that and North Carolina attorney general josh to talk about perdue farm opioid settlement, big show coming up. Ii want to kick it off with u. S. China trade olive branch, if you will, President Trump delaying a 5 tariff increase on chinese goods, delay that by 2 weeks, the president tweeted this, at the request of the vice premier of china lou he, celebrating seventh anniversary on october 1st, weve agreed as gesture of good will to remove increased tariffs, 25 to 30 , prooctober 1st to october 15th, the president also spoke about china at th
Without getting technical, the shift in Interest Rates has raised the risk of recession. Bad news for investors. The dow is going to be down 370 points. That means we are down about 1,000 points from the middle of last week. The s p 500 down maybe 45, 1. 5 , and the nasdaq, thats on track for its longest losing streak in three years, down bigtime across the board. Look at this. Talk about a flight to safety. Money pouring into u. S. Treasury bonds and yields are tumbling. The tenyear, the benchmark Interest Rate, now yields just 1. 78 . If theres any Silver Lining here, its the likelihood of even lower Mortgage Rates in the immediate future. The price of gold, that is a sixyear high. That is also part of the flight to safety. Bitcoin, bitcoin, money is flowing in there, too. Its back to 11,800 per coin, up more than 20 in the last week. Heres what we have to start the new week. A currency war, a prolonged trade fight probably, a stock market selloff bigtime and a universal flight to so
The trade fight drags on, theres going to be a recession by next summer. Right before the election. Both sides have dug in. All signs point to a lengthy fight. Thats that. Now the market. Following that huge selloff, we have a modest comeback this morning. Down 767 yesterday, maybe back up 100, 200 for the dow at the open this morning. The s p was down, what, 2. 5 yesterday. Its coming back this morning, less than 1 . The nasdaq which was down 3. 5 yesterday, back up 1 this morning. This is not a robust rebound so far. Modest, at best. Check Interest Rates. The yield on the tenyear treasury this morning coming in at 1. 75 . By the way, more rate cuts likely coming from the fed this year and rates in europe are still heading south. Hard to believe. Hardly any government over there pays any interest at all. As for the flight to safety, the price of gold this morning at 1478, up another couple of bucks. Oil, not calling that a flight to safety but a key indicator, 54 a barrel. So how you