That seems to have worked because the dow which had been limit down has now bounced back and at the opening bell, we may be up 400 points. The dow will be up significantly at the opening bell. Same story with the s p and also with the nasdaq. Now, treasury secretary mnuchin, he says the Federal Reserve will have 4 trillion for loans to businesses. He says theres more where that came from and if congress doesnt get something going real fast, then they will go back to congress for more and he says the fed will provide any amount that is needed. Thats what the fed is doing right now. Thats the market. Thats the fed. Thats whats going on in congress. Now look at the price of oil. That has been a problem for American Energy producers and right now, weve got oil all the way down in the low 20s. Thats a continuing problem for texas, north dakota and for the Energy Producers and these energy stocks. How about the price of gas . That is absolutely tumbling. The National Average all the way down
Of emergency. That doesnt include local and a school near settle closed for state. Lower taxes, not higher taxes. Leave the people alone. 2 week and microsoft had asked stuart i think we know where work nester bay area and seattle youre coming from gary to work from home. The question on the market and kaltbaum. Lets ask the same question to investors are still is shame. How much will the economy slow, we dont know yet. Jack how. Politics, ugly threat to supreme im one of the Economic Court and came incredible by from senator schumer, the radicals who believes in paying minority leader of the united his bills, so we cant pretend that we are paying our bills States Senate at a proabortion when we have a trillion dollar rally he raised, you wont know deficit. By the way at the top of expansion we hit next recession. What hit you, he said. We might be going into the hole that story is not over. 2 trillion every year so if there was an idea and as long as schumer may be censored and then i
Be in tomorrows debate, 19 in poll, hes on the vegas stage, he bought his way in over 400 million of Campaign Spending so far, item two that poll pulls Bernie Sanders way out front, 31 , hes now the clear leader. Item 3, more taper tape emerges and black and latino males dont know how to behave in the workplace, ouch, what a day, what a week to come, 3 trump rallies, by the way. Varney company is about to begin enormous cohort of black and latino males age lets says 6 to 25 that dont have jobs, dont have any prospects, dont know how the find jobs, dont know what their skill sets are, dont know how to behave in the workplace. Stuart last the latest Mike Bloomberg tape to emerge. Joining us james freeman, those kinds of comments and hes made several of them, thats not the way to go in politics, youre insulting population, hes going to be in the debate, he will be a target. I think what we will talk about the debate is results, he will talk about the thousands of young minority lives that
Unified party. One democrat switching sides, some others may vote no. But the end result is not in doubt. The president will not be removed from office. Now look at this. The market is going up again. The dow is being held back a little by boeing. The journal says it may halt or cut max jet production. Boeings a dow stock, way down, hurting the dow average by about 90 points. We also have to tell you that bank of america is talking about a melt up for the market into next year. Look at the market go. The dow is going to be up about 80 points despite the news on boeing, up about 80 at the open. S p, big gains, 17 points. Thats more than a half percent. The nasdaqs going to do well, 50 points higher. That is a rally this monday morning. In britain, landslide winner, Boris Johnson, is pushing hard for a brexit vote by christmas. Then he wants to work on a trade deal with trump next year. Defeated socialist Jeremy Corbyn says he won the battle of ideas. He just couldnt convince voters he w
The dow industrials up just a few points at the opening bell, 11, maybe, but look at that level. Back to 28,000. Modest small loss, small loss for the s p and also for the nasdaq. So look, everybody, sit back, you are going to watch financial history. History being made in hong kong, too. Sure looks like open rebellion. The street fighting has escalated. Police besieged one of the Main University campuses which they say was being used to make weapons. A Police Officer was hit by an arrow. Ominously, the Peoples Liberation army, chinese troops, in plain clothes, appeared on the streets on saturday. That was taken as a grave warning. Add all this up, it is beijing versus the people of hong kong, communism versus democracy. It is a bloody fight and it is not over. In the United States, the democrats want to remove this president from office because of a phone call. Varney company is about to begin. Stuart okay. Lets talk stock market, shall we . Dow closed in record territory friday, abov