Here it is. Because of the faulty [ inaudible ] we have going for us at the federal reserve, we pay much more than other countries. In other words, our interest costs are much higher than other countries when they should be lower. Correct. All right. Thats where the president stands on the fed. 2020 democrat candidate liz warren going after wall street once again, this time shes also slamming private equity firms blaming them for the closures of toys r us, sears and other retailers. Hows this for irony . Campaign workers for Bernie Sanders say theyre not getting paid enough money. Theyre demanding 15 an hour. Of course, remember, bernie is one of the biggest proponents of raising the minimum wage. And by the way, we have astronaut scott kelly on the show this hour to talk about the new chevy corvette. He compares the cars engine to a rocket. Oh, yeah. Weve got a rocketfueled jampacked hour ahead including lara trump right here in the studio. Varney Company Begins right now. In fact, we
That was a reference to ilhan omar and the president s earlier tweet to that effect, send her back. He did not respond to that chant last night. Heres my bottom line. That was a powerful and well targeted opening barrage in the 2020 campaign. Youll hear more of it in just a moment. As for your money, look at netflix, way down this morning after it reported a decline in subscribers in the United States. The stocks up 10 . Huge drop. Ibm reported late yesterday. Not doing well in the allimportant Cloud Business. The stock premarket, no change. But ebay, that is doing well, rising sales always helps and ebay is up 5 . As for the overall market, its digesting these earnings reports and the continuing standoff with china on trade. No movement there. The dow is going to be down 50, s p a small loss, the nasdaq down about seven. Okay. Stay there, please. You are going to want to hear the president. He was breathing fire last night. Varney company is about to begin. A vote for any democrat in
Overall, stocks are moving slightly higher ahead of the opening bell. Remember, this is a shortened day of trading because of the july 4th holiday. The market closes at 1 00 p. M. Eastern for the fourth of july. We are remembering an icon in the Business World. The ultimate salesman of all time, lee iacocca, has died at the age of 94. Hes best known as the father of the mustang and for saving the company chrysler. Well have much more on his impact throughout the morning. Varney company starts right now. David President Trump is changing the annual fourth of July Celebration in the Washington Mall thursday. It will include a flyover by military aircraft, more fireworks and the president will even give a speech of his own. The president is already tweeting about it. Quote, our july 4th salute to america at the Lincoln Memorial is looking to be really big. It will be the show of a lifetime. You can bet on that. Joining us is brad blakeman, former Deputy Assistant to george w. Bush, and so
59 minutes heft to trade, folks, stocks on fire day two. Look at the dow jones industrials. Not even at the highs of the session, right now up 291 points. Had been up 376. Nonetheless, when you put these two days together, yesterday and today, youre looking at 690 points of gains. S p jumping 18 points. Weve got the nasdaq up 36. Earlier though, so were definitely coming off the boil here. The nasdaq had been up 169. Russell 2000, the percentage winner, once again up 1. 25 or 26 points. But we begin with breaking news and kind of dueling headlines here. Apple and the reddit ipo. As we kick off the final hour of trade, i need you to looked at apple. A major lawsuit by the department of justice and 16 astronaut attorneys general slapped state attorneys general slapped on apple is dunking shares of the iphone maker all the way to the bottom of the dows barrel, down 4. 25. The stock the is tanking 4. 25 . Merrick garland announced the Consumer Electronics behemoth has allegedly violated fe
Of the u. S. creditworthiness by Fitch Ratings agency, the markets are mixed. But all four major indices are well off the lows of the session. Dow is up 3 points. S p down 1 point. Nasdaq up 22. Youre looking right now at former President Donald Trump who is just disembarking in washington d. C. He will then get in his vehicle and head to his arraignment. Trump will appear in federal court to answer charges he con conspired and plotted to overturn his 2020 election loss. As you see, he is getting into an suv. Hes got security. We have cameras all over the Nations Capital to follow this. Ing fox business Grady Trimble is standing by at the courthouse where trump is set to appear in person at 4 p. M. Eastern. He may be asked to enter a plea, and a judge will set release conditions. Hes fully expected to plead not guilty, by the the i way. Were going to keep you posted minute by minute as events develop. And in the meantime, he is in that car at the moment. He will take to the road. Lets