Bolton and mike pompeo as folks who were complicit in these arrangements the testimony of Gordon Sondland had been widely anticipated because hes one of the only witnesses being called who has spoken directly with the president. There is uncertainty over how many times he spoke with the president , but hes someone who appears to have the president s thinking and now in his Opening Statement he will say that he believes there was a quid pro quo. Guys, back to you. Really quick, the times this morning also adding another layer that he kept the secretary of state mike pompeo perhaps more informed than we were previously led to believe. Any sign of that in the testimony that you have seen reporter the testimony itself is 19 pages long for his Opening Statement. So were still digging through it and, of course, well hear him deliver it in just a few minutes. But one thing we also do know is that he largely confirms the account of a state Department Aide who says he overheard Gordon Sondland
Its back to 32 a share. Down 6. 58. Overall, the markets holding pretty steady as the profit reports roll in. In fact, id say stock prices are real solid and some of the profit reports, thats keeping the market at very high levels. No big pullback at this point. The dow industrials will open up about 40 this morning, s p up 6. By the way, the s p is only 22 points away from the alltime high. Whats that, just one big rally . The nasdaq, look at it go, up a half percentage point premarket. Big deal. Now let me lay out what we have for you. An important speech from Vice President pence on china. He may take a hard line. That could affect the market. And here comes amazon, perhaps the most important Earnings Report of them all. How strong is Consumer Online buying . Very important and we are going to find out today. Of course, we are going to watch apple hit new highs and unless something dramatic happens, we are hardly even going to mention impeachment. Here we go. Varney company is about
Imagine that. The president meanwhile will be heading to dallas for another rally this week, doubling down on his pledge to bring jobs back to america, as a new Louis Vuitton factory gets ready to open. Texas is open for business and so are we. We are watching it all. Varney company starts right now. Theres execution work to be done on the document, but this document is substantially done. We made a lot of progress, and our expectation is this will be concluded and signed by chile. Charles that was secretary Steve Mnuchin moments ago talking about phase one trade deal thats getting ready just in time for apec, the meeting that will be held next month in chile. China reportedly wants more talks before the deal is signed. I dont know. I think its normal. People are interpreting that as a red flag. Susan we heard about this on friday, by the way. They said it will take maybe four to five days to get this signed and worked up into ink at this point. Take a look at the rhetoric in the mainl
Bidens age. Senator warren punted when confronted with middle class tax hikes to pay for medicare for all. Bernie sanders, same old, same old. Nothing new. Hes still humorless and very angry. Senator harris failed to break through. She accused the president of sowing hate. Beto orourke came out in favor of gun confiscation. He received cheers for that. If there was a breakthrough, it was andrew yang. He would select ten families and give them 1,000 bucks a month for a year. He calls it a freedom dividend. Lara trump will join us. Shes going to respond to the democrats calling the president racist and a white supremacist. Now look at this. Another rally and its likely going to take stock prices to new alltime highs. Probably today. Two items helping the market. President trump talks about china trade and seems to suggest that an interim small scale deal is possible. And this morning, china says its not going to put new tariffs on american soybeans and pork. That does sound positive. The
Welcome. Pessimism on a trade breakthrough as the president said hes not ready to make a deal yet huawei tensions heat up. Treasury yields, the dollar slipped as investors are still seeking out safety and government bonds to close out the week joining us for the hour Margaret Duran is back from bda capital partner. So its been a stomachchurning week how are you feeling about the market now thats right. Particularly down 700 points on monday i have to say i stepped in and bought on tuesday. Were going to see more volatility but in a trading range. I think the tariffs we needed a trigger after the run up in the first half and the tariffs when you look at 10 its not helpful. Well slow down growth in different areas but in terms of our 21 trillion economy, its not that big a hit. What kind of stocks were yo beau i think my usual suspects mastercard, costco, amazon, and orphan stock i got shopify which ill talk about later. Lulu for the first time no. I just added that. Oh, okay. All right.