He is expected to arrive at the president ial palace for a meeting today. That is a big announcement by the way. A major speech on immigration policy. They hit the battleground of that today. Incoherent immature. Adding the endorsement of another push. They will break it all down for you. Plus america scoring a big win over isis. An airstrike in syria. Why is john kerry think we should keep it hushhush. The fight of the epipen prices. They call it exorbitantly expensive. When Health Insurance extras can be here exclusively to tell me if they can lower the price if they want too. We can have the latest on the tax bill. And they break it out. The latest attack. We are less than an hour to a closing bell. Lets start the countdown. The last trading day of the month of august and here we are as we approach the closing bell. We are on track to close out the month of august. They are calling it a calm month. Getting a rock today. It is surging. Taking a look at the stock right now. The stock
Deterrence work against a mad man, or a suicidal fanatic . Do we need to be thinking about deterrence 2. 0 because of that potential lack of rationality on the other side that wouldnt be concerned about the destruction of their country or perhaps theyre possessing Nuclear Weapons and dont have a country to destroy. Senator, i think we need to look at deterrence 2. 0, 3. 0, 4. 0 and deterrence in the 21st century, i think is fundamentally different than it was in the 20th century. Deterrence in the 21st century involves all elements of national power. Not just nuclear deterrent. Involves space and cyber and conventional forces, it involves offense and defense on the strategic side of the house. You have to look at the integrated defensive capabilities if youre talking about responding to north korea or iran, and that defensive capability because an essential element of our deterrent posture. We also have to think about who were deterring. And what works. What would what would be the aga
1979 when we had 14 inflation. So thats my tame on it. Amity, please. I would be a little more cautious than steve there and say maybe our problems are monetary, because the prices dont seem to accord with what the government is saying. So, if a certain price is way much higher, and we were told nonetheless we have no inflation, thats confusing. We need another data set. We need another philosophy. In the olden days, your family banks would not have spoken of inflation, they would have spoken of credit or credit tightening. Thats the lexicon of classical economics. Maybe that lexicon works a little better to explain the spongy, bubbly feel of the economy right now. Most of us believe that Federal Reserve policy has a lot to do with the stock market increase, that maybe the companies arent all doing that much better. That its just our next bubble, which means our next pop, our next trouble. And the way out of that is stability in money, even pegging money to something, and we shouldnt b
Points, s p has lost 10 , Kbw Bank Index down 20 . Alix that puts it into perspective. The banks are in bear market territory. It was the theme starting in australia today. Those stocks sinking into a down market. Closesocks, the stock lowest level since july 2014. A lot of weakness overseas in that arena. Moving to europe, a different picture. You had a rebound. Euro stocks rebounded from its lowest level in two and a half years. Games. E the dax making having the best a since august. The question being was this a relief rally, we are so oversold you have to have some momentum to the upside. Joe looking at the treasury market not making too many waves they are in either direction. Increase, 10eld year ticking down. Everyone is concerned about that flattening of the 10 year below 1. 7. As it gets closer, we see the yield continue to go lower. Alix the most flat since 2008. That is what i keep hearing. You are seeing direction in currencies. Scarlet the yen continues to strengthen. Movi
Huge day for america. Varney company starts right now. Charles dont worry. We will not forget the markets. Janet yellen is up on capitol hill. Market hasnt really budged since then. She is in tight spot to justify why they may want to hike rates. A lot of people think they should slow rates down. Oil is up, since yellen released text of her testimony. It is flat but it will be a huge volatile session. One of the things weighing on the market, theyre set to open lower. Huge boost, this star wars quarter was absolutely phenomenal, red flag for espn post ad decline in quarterly profits. All been about espn and those cord cutters. There are results from New Hampshire. Donald trump he winses big. John kasich make as strong second. Three through five, still somewhat up in the air. Combination, ted cruz, jeb bush, marco rubio, saying too close to call. Six through eight, christie, fiorina, ben carson have soulsearching to do this morning. Lets bring in the gopac chairman, david a vella. First