Better wage growth looks. Better Interest Rates look as well, they back up reflecting all of that of course that is something that markets are seizing on as Deirdre Bolton and i chatted in the past. Wall street is perfectly fine with the same doubledigit wage increases but has Serious Problems with you making that money. Thats right. Do not pay the average worker. We talked about that with those fears of inflation. That is to say if there are inflationary pressures then you do see yields, well show you the bond yields go up. The reason it makes investors nervous, because it means all kinds of borrowing get more expensive. I want to take you through intraday chart. You were talking about this, neil. This is the nasdaq. They have the same pattern. You saw the dow flash quickly here. Could it get worse monday morning . The answer was yes. We pared some of those losses. Fighting bag here in a little bit. If you look at nasdaq and dow and s p 500 they have this pattern where they started lo
Even though the early read on futures is that they are poised to rebound but much will really depend on what the president of the United States has to say. Welcome everybody to Fox Business Networks coverage of the president s first state of the Union Address when he addresses the body back in february last year, it was to a joint session of congress not deemed a state of the union. The state of the union by the way the president will remind folks is in better shape than when he took office. He is also saying that im going to extend an open hand to work with members of both parties, democrats and republicans to protect our citizens of every background, color and creed. That is code for a immigration bill that he thinks will work and down the road for infrastructure that both parties with find Common Ground and big goals for a president with his sights on a very busy new year and the question then is how much this will propel that lets go to blake burman at the white house. Blake . Hi t
Prepares to meet with a Bipartisan Group of lawmakers tomorrow to address gun violence. Extreme weather same in the United States wreaking havoc in several states. Storms expected to bring in wind and rain throughout the day. What you did spell about about the dangerous weather coming out. Roger goodell going headtohead with Americas Team expecting to send Dallas Cowboys owner jerry jones with a massive penalty with a reported sevenfigure fee. All the stories coming up this morning to talk about it is dagen mcdowell. The wall street journal Global Economics editor Jon Hilsenrath upholster lee carter is here. Good to see you. Good morning. Spirited morning. Dagen msu. Maria jay powell big story. 830 to his testimony testimony and then q a. 8 30 to get the embargo. This is a big moment for the market. A lot of that seems to have come through the system. Powell says things pleasing to investors we could have another big day in the market. Dagen people have been buying treasuries the last
Going to the movies. New rules in place. North America President out after less than a year. Coming after an internal investigation of inappropriate behavior. Twitter taking up conservatives. The Company Facing backlash this morning after his most recent purge of automated accounts we told you that yesterday. The stories coming up this thursday morning. Fox business albert Dagen Mcdowell. Former republican president ial candidate steve forbes is here and Fox Business Networks Connell Mcshane. Hey, good morning, maria. True do how are you, thanks for joining us. Whats going on this morning . The whole thing about the stock market. One is will the fed try to hurt this economy thinking its getting overheated air bubble happen to the dollar. Where did it go for now in trade, are we going to blow up nafta . I dont think we will, but that weighs on the market, too. Maria that is our top story because futures pointed to a lower opening fund release of the latest Federal Reserve meeting minute
Risen to 108. Meantime, the state is also now involved in trying to curb this outbreak. State employees plan on testing 100 cooling towers in the bronx today. Today Governor Cuomo dispatched approximately 150 state workers to test cooling towers on buildings all across the bronx for the bacteria that causes legionnaires disease. New York State Health commissioner, dr. Howard zucker. Id like to see those numbers go to zero and that we have no cases, no other mortalities. The pneumonialike illness has already taken ten lives and sickened more than a hundred others in the south bronx. Five towers have tested positive, and in a press conference this afternoon, the mayor explained the difficulty in tackling the outbreak which began three weeks ago. When this began, no one, understandably, had reason to think that cough might be something much worse, that shortness of breath might be something much worse because we had never had such an outbreak before. City officials are now requiring that