Merchandise at the market all at once without new money coming in, and we can have a very rude awakening. Its not necessarily easy to see especially on a day like this one. Dow did not keep points,. 08 and nasdaq lost. 95 sometimes the new supply is as invisible. We heard from beyond me, the revolutionary plant based companies that makes faux ha hamburgers, the stock got annihilated, down 22 today. I happen to love beyond meat the company. Ceo ethan browns stands for a clever concept the idea is that cows are a terrible Delivery System for protein, they add fat and cl cholesterol spewing methane all over here right to your plate, not here, the cow and then your plate. Got it beyond meats product is far from perfect but its a legitimate disrupter of the 1. 4 trillion meat industry. Growth is staggering, their sales have more than tripled theyre already turning a profit if beyond meat keeps growing at that pace, you can argue it deserves to be a multibillion Dollar Company and thats the
Extraordinary development. The former new york fed president says the Federal Reserve should not quote, bail out an administration that keeps making bad choices on trade policy. Hes gone political. Dont lower rates to help trumps reelection . An antitrump guy urging the fed to work against President Trump . You got to sthak yohake your he that one. Unfortunately, thats what most financial people are saying today. Hes wrong. Now the market. Even with a sharp yield curve inversion, stocks show a small loss. Down 40 points. Remember two weeks ago, when the inversion appeared, the dow dropped 8800 points in one day. Now the market shrugs. The dow is going to be off 40, s p maybe four, nasdaq down 17. Marginal fractional losses. Weve got a lot more for you. Boris asks the queen to suspend parliament. And a new poll, how is joe biden doing now . Varney company is about to begin. Stuart all right. Here are the latest results from the quinnipiac latest poll. The democrat field, biden 32 . Warr
Before the open this morning along with twitter overnight in asia, you will see what was happening there the nikkei ended down by almost half a percentage point. Hang seng was down by 0. 7 shanghai in china, you did see stocks higher. Up by a quarter percentage point. In europe, the three major averages had all been in the green. The dax up by 0. 3 the cac up by 0. 4 the ftse up by more than that. Italy and spain stocks there weaker spain down by 0. 7 in the treasury market, again with the gdp number coming up later this morning at 8 30 the tenyear yielding 2. 069 everything that happened with the ecb yesterday what that means for the fed, well talk about all that coming up in a bit. On the squawk planner, we have first look at gdp in the Second Quarter thats on tap. Forecasters expecting an increase of 1. 8 after a surge of 3. 1 in the First Quarter on the calendar we will hear from twitter, mcdonalds before the opening bell next week it gets crazy. It is the busiest week of earnings
texas, and buffalo, new york. now, this is sad and infuriating ritual to go through ever going list of mass shootings every time we go on the air. this week, biden said enough. he said enough 12 times in a rare primetime speech to the nation. but apparently, enough isn t enough, because no substantial legislative solution appeared on the horizon. the president believes there is some, quote, rational republicans who might be willing to address this gun violence endemic. senator mitch mcconnell got some favorable headlines, which he suggested a willingness to work with democrats on this. but don t be fooled. he s had a decade long history of blocking gun control. this is not the first mass shooting that he s been involved in. the washington post provided a detailed list of times he spent working to quote, delay, obstruct or prevent most major firearm restrictions from being approved by congress. now, his stories begins back 1989, after a mass shooting rocked his own hometown of
Is you need to keep oral headlines in the final hour and major widely held stocks cratering or soaring. Thats what we are here for, the market taking a sudden gap down 14 minutes ago. S p 500 down 28 points, the nasdaq nearly went negative but up 21 points, Dow Jones Industrials had a session low, now it is 15 minutes ago, earlier it was up three points, we have fumbled hundreds of points in the last couple minutes. The issue beyond the headline which involves apparently a ramp up in activity both over the skies of gaza and israel, a big hit to chevron, shares at session lows, down 6. 5 , 52 week low earlier, 145 and 3 pennies. It has stumbled lower at one 4453. Part of this is tremors in the release, the oil giant was punished after profits in the Third Quarter from a record a year ago. We have crude Prices Higher in the aftermarket, chevron did warn production in the gas field which chevron halted after the hamas attacks october 7th could hurt fourthquarter output. The market obvious