Its earnings after the close. Should you take it for a spin . Todays initial jobless claims, 884,000. The a stark reminder the economy need as bump. Senate killing the republican skinny bill which i think was a waste of time anyway. Where is the sense of urgency . I will ask senator Marsha Blackburn coming up. Look at the inspiring story of a ufc fighter and his father. All that and much more on making money. Charles so, folks after wild hopingover the last five for equalibrium, market at alltime highs, beginning to sway side by side. It is scary and epic. Even trading before today was wild. It was all over the place. So, is this a session where maybe we can finally get some equalibrium to this market . If so, what is next . Well ask ryan payne, ceo of Payne Capital management, a group im not affiliated with. Fitzgerald group principal, keith fitzgerald. We have optimal strategys Francis Newton stacy. Francis start with you. On the notion that we chose unchanged today, would be some fo
Significant rally, up eight at the opening bell, a gain of 55, urging the fed to cut rates. We wait to see when the fed is. Some money coming out of treasuries. I want to see it but cant, dont have it but it is up from the historic low of one. 03 , it is one. 12 as we speak. Politics. A mad scramble by the democrats to support joe biden and beat back the bernie challenge. Amy klobuchar and Pete Buttigieg throw their support to biden, beto reappears to back him up. This is desperation time. Today bernie is expected to win the california and texas primaries, all hands on deck for the moderates, they are panicked at the thought of the bernie nomination but there is still bloomberg. He says even if he doesnt do well today he is not bowing out. Democrats are locked in a 3way battle, totally split, at war with themselves. Just wait till you see joes latest gaffes, that is plural. Varney and company is about to begin. Tomorrow is super tuesday. I was waiting for a black man to pick me up and
Maybe 50 odd points today. Its a down day, at least at the opening bell. Caution, tomorrow we get the big report on the Service Sector and friday, the big jobs report. If either confirms the manufacturing slowdown, im going to say watch out below. And this, too, may be a negative for stocks. The hong kong shooting tuesday night, an 18yearold High School Student goes down. It is urban warfare. No other name for it. More protests are planned for right now. Dont ignore this. The National Day Military Parade in beijing on display, a series of very modern weapons including carrier killers. That is missiles capable of knocking out an American Carrier battle group. That would change the military balance in the pacific. Thats the asian backdrop to the trade talks, not that encouraging. We are invested in you and we will take you through what may be a nailbiting day. Varney company is about to begin. Stuart this market is likely to open this morning on the downside after a fair sized drop yeste
Cash is pouring into this country from all over the world. Its pouring into american treasuries, its pouring into our stock market, safety and growth, thats what we are offering, thats what you are getting. Look what its doing. Its pushing Interest Rates all the way down, 2. 03 on the tenyear treasury. By the way, its so bad in europe now that when you lend to the government there, you dont get it all back. You lend them a million, they will keep 3,000. No wonder its coming over here. Then we have facebook. Looks like the stock of the day. Today they introduce libra, a new Digital Currency. They claim it makes sending money around the world as easy as sending a photo. Its a Payment System with a potential base of 2. 5 billion people buying from 90 million businesses. Investors love it. The stock is up four bucks premarket. This is going to be a very big day in politics and money. Stocks are going straight up and moments from now, a visit from Gary Woodland, the brand new u. S. Open cha
President obama and congress to agree on avoiding a combination of higher taxes and Government Spending cuts, the president today said he wont extend tax cuts for people who dont need them. That hard line came during a White House Press conference just as a negotiations with Republican Leaders get underway to avoid the fiscal cliff. As darren gersh reports from washington, even before republicans and democrats sit down to talk on friday, both sides are laying down markers. Reporter just two days before he meets with congressional leaders, the president took a tougher tone on budget talks. In his news conference, he pushed hard for an immediate extension of tax cuts for everyone making less than 250,000 a year. And by the way, that means every american, including the wealthiest americans get a tax cut. It means that 98 of all americans, and 97 of all Small Businesses wont see their taxes go up a single dime. The senate has already passed a law like this. Democrats in the house are ready