Mr. Mccarthy were from insurrists or anarchists, they generated a National Kabuki Theater for about 48 hours. It is sad, Kevin Mccarthy showed everyone what a class act he is, he did the right things in my view he is going to heaven, having said that, what is done is done, its time to move oliberal media is piling on the republicans cant govern. They are cutting off their own heads, house is a clown show. All of this stuff is simply not true. Look. The g. O. P. House members have a terrific opportunity to show the world that in fact they can govern. They can keep it together. They will elect a new speaker from a crop of superbly qualified conservative house leaders, the next speaker will insist on changing the rule to vacate. Then the g. O. P. Will finish the appropriations job, complete the regular basketball order for the remaining 8 bills, and they have recovered 80 of total spending technology. Package, the Chuck Schumer senate has completed zero appropriation bills, well ask senat
They will demand concessions. How is that a win for republicans . If they dont support him and the speaker is toppled, there is no obvious successor. Chaos. How is that a win for republicans, he asks. To the markets. A minor selloff in progress. Its more related to Rising Interest Rates than republican chaos. The dows looking down about 170, nasdaq now down 130 points. Look at the 10year treasury yield, thats the story of the morning. The yield is all the way up to 4. 72 . It was 4. 74 just moments ago. The 2year is moving up as well, 5. 12 on the 2year. Oil, not hutch change there, still looking at 88 a barrel, but the price of gas is starting to come to down. Man, did i get that wrong. Overnight, the average moved to 3. 79, down 2 cents. Its still over 6 in california, 6. 02 for those lucky people. Diesel unchained unchanged at 4. 55. Bad news for the president. In a monmouth poll, 76 say biden is just too old. Democrats are getting worried. Its like 2016 when they backed a vulnerabl
It is good morning. It is 10 00 eastern time. To the money please. This selloff is a lot worse. We are down sharply on the dow, the nasdaq recovered somewhat. The rise in the 10 year treasury yield stopped. 4. 7 , and other technology stocks, the price of oil, 89 a barrel, not much change, bitcoin, 27,000 and change, we received the latest read on job openings, otherwise known as jobs. Ashley the number is 9. 60 one million, thats the number of job openings at the end of august. We were expecting 8. 8 billion. We were expecting 8. 8, the labor market would be extremely tight. Thats not the case but look at that, 9. 61 million openings. Stuart that means it is a strong labor market. Not sure the fed wants to see that. No Immediate Reaction on wall street, dollars down 120, nasdaq 87, thank you very much indeed. Now this. Heres the deal. Congressman matt gaetz is trying to remove Speaker Mccarthy, forget what a ridiculous spectacle this presents and focus on the damage coming our way. Th
There are some other Amazing Things happen, so much for the hope of a rally after the averted Government Shutdown witnessing spasms in the bond market as we kick off the final hour of trade stocks are responding in a jerky fashion of the first dating tray Dow Jones Industrial down 200 reports, s p losing 22. The nasdaq has been toggling a below the flat line right now below seven points, treasury yields that have investors head spinning right now not only is a ten year treasury yield resuming the spike to a 16 year high of 4. 68 the two year treasury yield is near 17 year highs, 5. 1 a 6 , look at the long blonde. This is the thirtyyear hitting 4. 778 earlier and earlier 4. 81, that was the highest since 2010. Why are yields skyrocketing, a couple of reasons, fresh data shows u. S. Manufacturing activity in september slowed less than expected. While it remained a contraction for the 11th straight month it hit the highest level in a year. His Employment Index benefit, that jump back to
Fourth quarter is underway but investors are facing a wall of worry. But so far the script hasnt changed. Growth stocks higher, bond yields in orbit. Confusion. Were trying to tackle this. Weve got the issues facing with us and wonder if it is happening during the calendar. Well break it down. Blackrocks larry fink is not helping the situation. He says he sees more fear than anytime. Anytime . Why these billionaire masters of the universe expressing fear . Im not sure that is how they got filthy rich. Tweet me cvpayne. Are you buying that . The modern day scab, worse than toads and vampires combined. I will explain that later in the show in my take. All that and more on making money. Charles all right, so we can put a Government Shutdown on the backburner. Lets face it, despite the hype nobody really cared, nobody on wall street really cared about that instead i have the list here of the top concerns for investors. Here is what is interesting. Recession last month came in a little bit