And of course, the joe biden issue. We will get to that in a second. Today, huge news, gamechanging updates as it relates to Biden Bribery and Money Laundering scandal allegations. And bidens Weaponized Doj. New evidence coming out today, we would break the news and then later, it is very important in terms of an Election Year, especially for the Commonwealth Of Virginia. Virginia Governor Glenn Youngkin will join us with the details straight ahead. And are the are rich Virginia Sherlita of changes in the near future . What would he tell us maybe about 2024. Also tonight, a big announcement. The Red State Versus Bowie state debate, posted by yours truly between Florida Governor ron desantis Governor Of California gavin newsom is now officially on. With the details at the end of the show. But first, bad news for your president , but joe biden is polling worse than ever. Losing to donald trump by a whopping double digits. Biden is now down 10 points. Brandnew abc News Washington post pol
Low. And its projected as the population continues to age in the baby boomers retire that that ratio will continue to rise in an unsustainable fashion. So, the addition to the debt taking what is already a significant problem and making it worse is it is of concern to me, and i think it does suggest that in some future downturn, which could occur just for whatever reason, the amount of fiscal space that would exist for fiscal policy to play an active role it will be limited, it may well be limited. Sam fleming with the financial times. Couple of longer term questions, first of all, midway through the year, hot weather inflation targets might need to be raised. Obviously been a lot more debate and have had systems since then about this it may not be an imminent issue, it may be something the feds may be discussing over the coming years. Some sort of change to the inflation target second of all, the amount of stimulus tools that the fed may have at its expo sal are fairly limited. One of
And in company news, the situation is getting dire for a retailer, seeing credit withdrawn as an accounting scandal threatens to doom the business. That is all ahead. Julie hyman is here. It sounds like the rally is taking a pause. Julie it definitely looks like a pause. Ulie we have seen stocks bounced between gains and losses since the open of trading, and see all three major averages into the red. We have some of the interestrate sensitive sectors like utilities and Real Estate Investment trusts lower along with technology, which you can see by the decline we are seeing. We have some analyst calls from largecap stocks, apple among them. Apple getting a rare downgrade from nomura. The analyst says positives are already priced into the stock, lowering the rating to neutral. Le shares up just 0. 8 apple shares off just zero point percent. Walmart, an analyst getting ready, saying ecommerce can be a competitor to amazon. Finally, General Motors are the third in our trio of largecap stoc
And ive always said this. Its nice to have kids because you need to live to watch them grow up, right i guess time is passing, they cant grow up. Did you have a nice day we did. I i dont know, i thought i had a free rain ein to imbibe. You cant tell what youre doing until its too late. So i have a picture we had a cake when we got home. I was laying on the couch and they took a picture of me because i wouldnt sit up to eat the cake you need those glasses that we had stounounds like a good birth we went in the big city it was fun. Happy belated birthday. Thank you. Folks, lets check out the u. S. Equity futures. The second trading week of the year green arrows dow was up by 577 points gain of 2. 3 nasdaq up by even more 3. 4 just in the first four trading days looks like there are green arrows across the board. Dow futures up comes after big gains up tonight in asia. Nikkei up by. 9. Hang seng up by a quarter of a percent. Shanghai up. Early trading in europe this morning you will see t
Is the nonmanufacturing or services portion of the economy that is by far the biggest. Economicore strong data adding to the jobs reports. That was not good news for stocks. We saw on increased in bond yields. The first one i want you to look at here is the 10 year yield, which remains unchanged after the latest numbers came out. Holding at the highest since january of 2014 and up one basis point this morning. Seeing little change holding atd market, but the selloff is indeed continuing. The downward momentum continued around the globe in the early night session and then selling continued into the u. S. Session as well. We have got groups on the move. Financials the worst performers and energy, which as a group fell 4 on friday, down 1 today as we have got negative earnings continuing. The selloff is not quite as broad as it was friday but nonetheless, pretty broad with real estate in the green. You talk about banks today, you have got to talk but wells fargo on the news and late frida