National security advisor Keith Kellogg joins us on that in moments. Plus, the house and senaten passing the 1. 7 trillion Spending Bill g the 1. 7 trillion Spending Bill adding to our debt and ejecting even more fuel for runaway inflation. We will talk t we will talk to the republican congressman about that and it is another christmas in russian captivity. He is not the only Americanme Beinrig wrongfully detained abroad. Ambassador and former National Security ambassador on what ther bideien administration should be doing. Maria samarit down with an actow about how his foundation is f honoring our nationous heroes this christmas. Plus, it is called morganss wonderland. A amazing themepark that Givesho Hope T Ro Kids that really need it. How the Families Foundation help to make it a reality. All of that and more as we lookm ahead on sunday morningsund futures. New boarded apprehension number migrants continue to flood the country illegally. Eg customs anald Border Protection reporting
And demand theres so many other factors but right now its holding nicely but david youve seen these markets over the years like you say you have a longer term term view and and we do see opec and other nations russia namely that have their Production One point eight one point eight billion Barrels Per Day that theyre there holding off the market but the u. S. Seems to be making up for that so you do you see the increased u. S. Production keeping sort of a governor on prices. Absolutely i mean the United States has been i mean lets be realistic theyve been knocking the cover off the ball i mean theyre at the highest production rate that theyve ever been you have regulations that are being pulled back like it or not it is what it is and thats going to enable more and more production to be made so i do believe that will be a major factor and keeping somewhat of a cap i dont see except for maybe a world event there an issue in the middle east i mean a major issue a major spike in prices an
When electronic markets come in and the algos kick in there is no way the average person on the trade or ameritrade thats putting their orders and can hit that button and make a decision fast enough to curtail their losses and training is very simple its all about critelli your losses and riding your winners and that makes it very difficult you know when markets go down they go down fast when they go up they can go up fast too so its a double edged sword David Greenberg founder dreamer a catheter executive Committee Member of the New York Mercantile Exchange in the path thank you for joining us david. Thank you good to see you. And more energy when we return but as we go to break markets continue their curious correction the dow when just Dow Jones Industrial average dropped by one thousand one hundred Seventy Eight points today thats following fridays six hundred sixty point one we saw the largest intraday dow drop in history in history keep in mind that the dow was up in january year
Question. Is that it . Done with the dips so buy the dip . Its going to be another very big day. It was certainly a big night. The president upbeat. Positive. Reaching out for bipartisan deals on immigration and infrastructure. Much of his state of the union speech outlined the economys success. And a cbs poll showed 75 of the tv audience approved of that speech. The democrats, angry and and silent throughout. Nancy pelosi and schumer sat on their hands and looked frankly resentful. How will the american policy look storming out of the chamber when the crowd chanted usa, usa . The president looked good. The democrats did not. By the way, moments from now on this program the treasury secretary Steven Mnuchin Varney Company is about to begin. Trump since we passed tax cuts, roughly 3 million workers have already gotten tax cut bonuses. Many of them thousands and thousands of dollars per worker. As tax cuts create new jobs, lets invest in Workforce Development and lets invest in job train
About critelli your losses and writing your winners and that makes it very difficult you know when markets go down they go down fast when they go up they can go up fast too so its a double edged sword David Greenberg founder and dreamer a catheter executive Committee Member of the New York Mercantile Exchange in the past thank you for joining us david. Thank you good to see see you. And more energy when we return but as we go to break markets continue their curious correction the dow when just the Dow Jones Industrial average dropped by one thousand one hundred Seventy Eight points today following fridays six hundred sixty point plummet we saw the largest intraday dow drop in history good history keep in mind that the dow was up in january year over year thirty percent in january alone so five or ten percent is still you know were still up and some of predicted this thing i predicted it but i didnt think it was to come this fast in this furious as we go to break here are those numbers