aall really helpful to try and akeep jobs here. And akeep our community moving forward. a my teleworking is not possible, offices amay reopen. But amay not be open to the apublic. aalso now allowed, carwashes, residentia aand janitorial cleaning, apick rimming a dog a walking. achildcare facilities may now b aopen to nonessential workers, aunder strict safety protocols. a subject to the rules, outdoor amuseums open their galleries, botanical agardens, and other a exhibition spaces, may be open. a but, still closed for now, outdoo arestaurants, cafes, abars, zoos, amusement parks, indoor museums, and galleries. Also still close, close acustomer contact businesses, such as hair salons, barber ashops, nail salons, beauty a shops, massage parlors, ear apiercing salons, and tattoo aparlors. a retail sales by Curbside Pickup adelivery, or should worshiping ais a lot from stores, shopping amalls, strip malls, and outlets. agoing inside for now, is out a great plans in place to operate, anyway
Yep, 1997 because the s p is having its best start to a year since then that song youre hearing, you fast money fans out there, this is not one of our traders losing a fast pitch. Thats unbreak my heart which was topping the charts in 1997 in the box office a little movie called titanic was smashing records. Here is the question heading into the Fourth Quarter. Will it be a smooth sailing for stocks or like the titanic is the market headed for a giant iceberg . Guy adami. Well done. Iceberg or smooth sailing choose your own adventure. I watched the titanic movie when it came out it was a good movie. It was very realistic. You felt like you were on the boat the thing about icebergs, just to get some science here. I was waiting for that. You only see this much of the iceberg they should have a saying like that. Below water. Below the water so the market has done an incredible job of navigating through what have been numerous icebergs this year its weaving its way through the people stand
Roughly 328point drop this is a market we havent seen in a while bryn, maybe well start with you on whether or not this is the beginning of something great or just the pullback to cool off the jets for the time being. I think now we can say its a pullback technicals were saying we were overbought, which we had been in july august, as you have talked about all week, has not been a good month typically for stocks i think this is a breather i want to say talking about the debt down grade, thank you fitch, thank you finally someone says what needed to be said is that, you know, dom, in 2021 Interest Payments were about a third of what we pay on social security, which is around 1. 2 trillion as we know today Interest Payments on the debt are at a trillion dollars and growing i think whats been what needs to be said, and although it hasnt reflected the market today, a lot of this inflationary pressure, the fed will not say any of it has to do with Government Spending i think we all know it h
Heres another factor. The all important Big Tech Companies announced their Financial Performance in the next two days. Theres a few nerves here. Any disappointment would upset the whole a the cart. We should also say that the market is due for a setback after 15 month near straight up rally. Well thats money. Now politics. Tonight, the state of the union speech. The as the is cleared his schedule today to prepare hes likely to sell his growth plan and maybe reach out for a bipartisan immigration deal. And heres the news that is truly rocking the world of politics. The memo, spelling out reportedly deep state goings on before and after the election. We may get to see it. The fbi director read it and promptly got rids are of Andrew Mccabe fbi guy at the center of the memo. Money and politics, what a day. Varney company is about to begin. Have we got a big deal to report right off the bat . And it is moving the whole market. Amazon Berkshire Jpmorgan they are teaming up to create a new co
This is the way to do it. An additional 20 to 30,000 soldiers and airmen that if requested could be brought in. Devastated. Liz President Trump and the first lady in texas serving firsthand the destruction from Hurricane Harvey. Theyre scheduled to depart austin texas this hour. We will bring that to you and now this, a death toll mounting, 15 now dead including a Houston Police officer drowned in his car while on the way to work and an estimated 50 billion in damage, 30,000 people now in shelters. The downpour only half way over. Words like unprecedented do not capture the severity of the situation and harvey is now heading towards louisiana and to north korea the white house says all options now on the table after north korea shot a missle over japan late yesterday. The safe haven trade, the russia safety trade now on in the market. Welcome to risk reward im elizabeth macdonald. President trump now in austin, texas with the first lady after surveying the damage in southeast texas. Th