Away with blaming this on the coronavirus when we know that the entire bail reform was changed he basically whats taken the largest city in america, and now were challenging chicago as a killing field. Its a tragedy. The man is a disgrace. Maria crime is surging in our largest city. New york city saw a a violent fourth of july weekend, 44 shootings, don. I saw weekend statistics, i thought i was looking at one of the Second Quarter statistics. I couldnt believe the damage of one weekend of activity. Maria should states and cities be reaching out to the federal government for help in terms of these spikes in crimes . Absolutely. And the president s been very clear about that, that localities and states, if they need assistance, then they should certainly call on the federal government. Maria broadly speaking, whether its china or tech or sectors, tell me where you want to allocate capital today. I think its time to start adding a little more defense to the portfolio now that weve alread
Other. Yesterday, down over 200 adding that, you are down more than 1,000 points of decline in early session right now. Well see what the market does as we get close tore reopening and of course to the closing bell today s p 500 down 33 and nasdaq down 101. The central bank indicated it would keep Interest Rates near zero projected that the u. S. Economy will shrink by 6. 5 in 2020. They do see a gain they are expected by 5 in 2021 followed by 3. 5 gain in 2022 and will continue increasing Bond Holdings and Mortgage Backed securities at 40 billion a month. Take a look at the 10year note, yield now sitting at 0. 698 . Crude oil prices have also come down a little too. Wti is down about 3 this morning. Ticking at 38. 38 a lot of this is because of what the fed is you no saying you are really expecting some tough economic sledding. The news out of 12, 13 states probably not great either. I think it would be hard for me to sell right now. You wait around. We dont invest. You would have wis
Twitter as manipulated media. The outrage at this hour. Behind bars. The former Atlanta Police officer who killed Rayshard Brooks set to face a judge. The other officer on the scene speaking out and we hear from one of the witnesses who was in that wendys parking lot. His car was hit by one of the bullets. Wildfires raging in the west. That monster bushfire in arizona spreading over 115,000 acres. More evacuations under way. Ginger is tracking the latest. Firework boom . Reports of illegal fireworks soaring around the nation. Thousands of complaints pouring into police departments. What is setting off the spike . Celebrating juneteenth this friday. The holiday marking the celebration of freedom for so many, the momentum of the black lives Matter Movement now leading Big Companies and over 20 nfl teams to honor juneteenth today and the superstar stepping up calling for it to be made a National Holiday. And all the feels for fathers day. Superstar will Smith Opening up about becoming a d
A much overdue look at the cyclical rally and the reopening story in general the v rally that a lot of people have been hoping for has been inverted theres an inverted v thats actually been happening. Lets start with Energy Stocks marathon, mro. Marathon was 6 at the start of the month. It goes to 9 and back to 6. This is essentially an inverted v. Hess looks the same way. If you look at general electric, it goes from 6 to 9, i believe, and goes back down again to essentially 6 and change, same situation, a v there caterpillar looks the same way united airlines, we watched with our mouth open it goes from 30 to 50 and back into the 30 range, all of this in a few weeks the market cap of citi group goes to 60 and back essentially to 48 thats what im talking about these inverted vs travel and les yoisure, 30 to. Youd think bond proxies would do well in this environment, but not today. They had a modest rise about 10 in the last few weeks, but even they werent safe. The market has voted it
Taking it into their own hands well show you all right its time to use i q. An explosive report in the New York Times as receiving responses from the United States all the way to russia with many calling out the publication for quoting alleged intelligence officials but failing to provide any supporting evidence the article quotes Anonymous Sources claiming russia paid bounties in afghanistan to kill americans for more on this developing story lets turn to our views Rachel Blevins shes joining me here in studio as rachel what has the official response been from all the various sides while President Trump was quick to deny this report and he responded on twitter of course where we called on the New York Times to reveal these Anonymous Sources that they claim to be citing he then went on to say quote intel just. Reported to me that they did not find this info credible and therefore did not report it to me or Vice President penns possibly another fabricated russia hoax now a spokesperson