Through to the open. The s p up about. 87 . Nice gain. The nasdaq up better than 1 . It is a rally. Please note, the market has completely reversed, the selling that greeted the inverted yield curve scare and the china trade scho scare even though that is a threat. The Hong Kong Police have banned the giant demonstration planned for this saturday and beijing has brought in fresh troops. The scene is set for a crackdown. If that happens, it would likely affect china trade talks. By the way, monday, the hong kong protesters have called a general strike when our market is closed. Watch out Tuesday Morning. Heres what we have for you. The markets rallying bigtime. Interest rates are falling. The president speaks to Brian Kilmeade and here comes dorian. Likely a cat 3 hurricane when it hits florida. Varney company about to begin. Stuart ive got to say this. The market just seems like it just wants to go up, bearing in mind yesterdays rally and what weve got coming at us first thing this mor
Is pouring into tenyear treasuries as a safe haven. Trouble, trouble everywhere but treasuries offer a degree of security not found elsewhere, and well pay you interest. You dont get that in europe or japan. Heres another opinion. Surely the Federal Reserve will now lower Interest Rates very soon and very sharply. Ive got another reason for the selloff and its hong kong. Its calm right now but is this the calm before the storm . There are signals that beijing has had enough. Things are coming to a head. Number one, Chinese State media now calls the demonstrators radicals and appears to be whipping up mainland support for a forceful end to the protests. Intervention, they say, is inevitable if the situation worsens. Two, there is video of chinese troops massing at the border. Three, the demonstrators are being told not to move to a different part of the airport. Just a few dozen remain. Four, the chinese accuse Speaker Pelosi and Senate Leader mcconnell of inciting chaos. President trum
You very soon. Theres this. Another College Cheating scandal. It seems some wealthy people transferred control of their children to other less wealthy people so they could claim Financial Aid from colleges. Again, big story. Full details coming up. The market heading lower after a series of china trade tweets from President Trump. Hes disappointed that china has not yet bought our Agricultural Products and hes speculating that china is waiting to see who wins in 2020 before making a deal. Not a good idea, he says, because when he wins, it will be a very tough deal or no deal at all. So look at this. We are going to be down, what, over 100 points on the dow industrials, down about 16, a half percentage point on the s p, and the nasdaq getting close to a 1 decline. We are off all across the board. Then theres beyond meat. Okay, sales quadrupled but investors were shocked that the company will issue another 3. 25 million shares that dilutes existing shareholder value and down goes beyond
All because of an announcement that it will cut 400 jobs from its marketing unit, one third of the Marketing Department globally. This happened according to an email from the ceo earlier today. Is also falling close to about 4 . The coo is leaving. Said theyders of lyft would not ira replacement ends not higher a replacement and instead delegate the responsibilities. Largely expected the fed will cut rates. Theres a 20 chance they could cut by 50. Lets look at a pretty interesting chart that goes back five years. In blue, the fed funds future yield. In white, the s p 500. Correlatedtwo were until this year with the feds pivot. We also see the fed funds future yield also possibly bottoming out which suggests jay powell has a delicate task ahead to keep both bond and stockholders happy. You see the big divergence there, that if yields were to should backup, it may take a bite out of the rally. Romaine beyond meet, one of the most popular companies, reporting earnings. It looks like it di
And with utter disdain for the people whose lives they want to run. Good stuff. Thats a blast right at the elites. Thats the president s theme for 2020. They dont care about you but i do. In the last 24 hours, the president s campaign brought in a record 24. 8 million, almost entirely from small donations. In new york city, joe biden raised 20 million entirely from the elites. I think its time we got to the fed, shall we . Five hours from now the Interest Rate decision and more importantly, the outlook for rate cuts later this year. That arrives at 2 00 p. M. Eastern. We will also see if chairman powell responds to the intense pressure for a rate cut that hes getting from the president. A flat market in advance of that. The Interest Rate news from around the world this morning is grim. Not here, no, over there. In four European Countries and japan, things are so bad that when you buy a Government Bond, you dont get any interest. In fact, they keep some of your money. No wonder the mone