In front of congress. This is the second day today, today was the senate, yesterday was the house, and the fed chairman says theres always a chance at recession, and guess what . The fed isnt taking negative Interest Rates off the table. She likes that tool. Take a listen. Are you considering negative rates . I know you had that question yesterday. Yes or no . I wouldnt take those off the table, but we would have work to do to judge whether they would be workable here. Beyond the spreadsheets you have to ask yourself does the fed understand the true economy for the average person out there. Peter morici and jon hilsenrath. Lot of frustration on wall street with janet yellen. We didnt know there is double speak, shes a highwire act. What do you make of her testimony yesterday and today . Well, you know, shes in a tough spot because the markets are pushing back on the feds view that the economy is getting stronger and that theyre in a position to raise Interest Rates more and you know, s
One last point, what does donald trump think about all of this . Hes on the show in this hour. Varney company is it be to begin. All right everybody im going to give you a chain of events that produced what is going to be a big selloff a half hour from now. Governments in europe and japan started keeping some of the money that you lent to them. Give them 100 and you get the 99 back that is bad. Banks not make money with this going on. Down go bank stocks way down. Thats bad. But price of oil crashes to a new low. Stocks take another hit. Independent Oil Companies are insolvent that is bad. Worldwide financial turmoil yes theres a flight to safety. That is what is going on. Heres market watcher jeff seeker. All right jeff, heres the question everybody ising can ask this. Is this a repeat of 2008 . I think theres a lot of similarities. I think theres things about market that concern me more than 2008. Primarily because this is a market that has been built on this sense of desperation tha
Migrants who are flooding europe now. What about isis . How many of you watched the monday night football double header because of their fantasy teams. And now Congress Wants to get involved. And the wildly popular mcdonalds mcrib. Is that going to turn around . We know what stu thinks on breakfast all day. The mcrib controversy. Lets take a look at the dow futures, stuart says it all the time. Were looking for stability, he likes that word, calm, thats exactly what weve got and the dow up just about a quarter of a percent. We had weak Economic Data, its about the fed. And take a look at oil, oil has been, well, drifting slightly higher. Up about 1 , up 47 cents and by the way, regular gas down a penny overnight and thats the good news. The royal fanfare. Sandra thats great 2. 32,amazing, the national. An on regular down 29 days in a row, the cheapest it was in the land 1. 64 in aiken, south carolina. Sandra road trip. Road trip. It would be a lot of gas, but great to say we got it for
Death of the 24yearold, the unarmed black man shot and killed by Minneapolis Police on november 15th. Again and again, saying all along, watch this protest, retailers could get hit hard. Now were also watching too, new polls for you showing that donald trump still in the lead. Weve got an interesting argument from fox news analyst Juan Williams. He says that Hillary Clintons running mate may be barack obama in a sense. Hes going to explain all of that with brad blakeman. This is a hot debate. Stick around. The Dow Jones Industrial average is up about 180 right now. The catalyst to the upside, oil. Less than an hour to the closing bell. Im liz mcdonald. Lets start the countdown. Right to it, we are on track for nine Straight Days of triple digit moves. Six of the nine days have been updays, so if we close above 159 points thats right, number youre going to want to watch the dow will be virtually flat still, for the last week and a half, watching the s p 500, it is officially positive fo
Go . Exactly. A Million People in times square. Right now looking at 5,000 to 6,000 Police Officers in the area, thats counting the times square area. Snipers on the buildings, not allow garbage cans to be exposed. Seal up all the manhole covers. I think we have the best Police Departments in the world. Theyre the best trained. I do believe americans must remain vigilant. Dont take it for granted its new york or d. C. , look at what happened in san bernardino. When you least expect it, a terrorist attack could happen. Deirdre okay, fair enough, and why we say this slogan repeatedly. If you see something, say something. See something, say something. Deirdre when you look, sergeant, at brussels or ankara or london, there was a couple and in london this doesnt have to do with new years eve, but essentially the couple received a life in prison sentence for plotting to bomb either the underground subway or shopping center, but asking on twitter which targets they should be hitting . Are the