bullard, a fed governor, who wants a 50 basis point cut in rates in the next fed meeting which is this month. also helping, treasury yields as of now, not inverted. the dow industrials are going to be up over 200 points, probably erasing all of yesterday s loss. the s&p up just short of 1%. the nasdaq up a full 1%. going up at the opening bell. now to britain. boris johnson lost the vote on britain crashing out of the european union. there may now be a general election and brexit may be delayed until next year. that means a trade deal with america is not coming any time soon. now this. winston churchill s grandson, a conservative, voted against boris. he s been expelled from the conservative party which was the party of his grandfather, winston churchill. the chaos continues. this news just breaking. google has been fined $170 million for illegally collecting information on children, parents were not aware of that collection of information. separately, a group of stat
extraordinary development. the former new york fed president says the federal reserve should not quote, bail out an administration that keeps making bad choices on trade policy. he s gone political. don t lower rates to help trump s re-election? an anti-trump guy urging the fed to work against president trump? you got to sthak yohake your he that one. unfortunately, that s what most financial people are saying today. he s wrong. now the market. even with a sharp yield curve inversion, stocks show a small loss. down 40 points. remember two weeks ago, when the inversion appeared, the dow dropped 8800 points in one day. now the market shrugs. the dow is going to be off 40, s&p maybe four, nasdaq down 17. marginal fractional losses. we ve got a lot more for you. boris asks the queen to suspend parliament. and a new poll, how is joe biden doing now? varney & company is about to begin. stuart: all right. here are the latest results from the quinnipiac latest poll. the democra
yes, it is now a consumer-driven economy. we do want to alert you to new protests in hong kong. nothing major so far but it s just 9:00 at night over there and protests generally pick up steam in the hours before midnight. we cover this because these protests are a wild card in the china trade talks. they could affect our market and because we respect the courage of those youngsters demanding freedom. now this. there you go. which is the real elizabeth warren? take a long, hard look. i couldn t tell but we will let you know who is who on the show a little later today. and watch this. this is another internet optical illusion. take a long hard look at this one. is that a bird or a bunny? be quiet, ash. to me, it s clear. but our production crew was split. how unusual. we have a big show and it s on its way for you. varney & company is about to begin. i am the chosen one. somebody had to do it so i m taking on china. i m taking on china on trade and you know what? we re
we will ask. bear in mind it s a volatile market. who knows how we will close today. now, here s the really big reversal. yesterday, that key interest rate, the ten-year yield, had dropped to 1.59%. it was a massive move. now it s 1.73%. a massive move in the opposite direction. here s the question. if that bond was a safe haven yesterday, why is it not today? we will ask. breaking overnight. i.c.e. raided food processing plants in mississippi, apprehending 680 people believed to be illegals. the left is all over this one, describing the arrests as horrifying and horrendous. mississippi s governor will be on the show later this hour. let s get right at it. varney & company starts now. stuart: start with the markets. you have to. another wild reversal. michelle mckinnon is with us. tell me, what was that all about? a couple things. i think the market is now pricing in that 10% additional tariff, really wouldn t be the end of the world, because let s face it stuart: