Coronavirus induced volatility plus quarterback buoyed by a string of super tuesday victories for the former Vice President. Is the contender for the democratic valuation former investor jeff ubben, never seen anything like this and says why it makes Value Investing impossible the fed announced a 0. 5 rate cut. Stocks looking to recoup most of yesterdays losses which includes a drop in the dow of 785 points jim, once that tenyear broke 1 , wow. Could you not take your eyes off of this price action look, i think that i was struck by the rate cuts. I didnt like jay powell you cant say listen, the fundamentalless as are sound bue need a gigantic rate cut that means the fundamentals arent sound i didnt know we were that bad off. People either way we are bad off or powell knows something and to see that you get a Biden Victory and maybe things bounce back a little is encouraging and mostly because its just about the tenyear the tenyear drops to 9. 8, then everything you see on your screen t
The docket. Releasing weekly report on mortgage applications. Thats coming at 7 00 a. M. Eastern time. Then at 10 00 a. M. Look for july existing home sales which are forecast to drop nearly 1 after rising more than 1 back in june. Form suit Pharmaceutical Company agreed to sell part to pfizer. That deal involves three already approved antiboy yachtics. You may remember has rejected 118 billion dollar off back in 2014. Check on the market this is morning. Mostly flat. Europe was a bit higher. Started out as a positive session yesterday after europe did pretty well. Moderated gains. Up a little yesterday, the dow. Futures were up. The ftse is the only one down now. Germany, france, italy and spain all trading higher. Not much happening in asia. Shanghai staying above 3,000. For a while we were worried about what was going to happen in the shanghai market. Then oil, which, in my mind if it stays between 40 and 50, i dont see how that gets correlated to Everything Else in the world. It wa
The next week or something. You didnt say i want this to be for the next seven months. No, not seven months. Its only been two weeks. It has not been two weeks. Three weeks. 3 1 2. 2. 85 . I am so in the money. I couldnt have bought an option any shorter. You could have changed the terms of the deal after we got into the deal. You cant do that. You were right the idea that rates could go lower. Now we have to figure out the market. Yeah. Its concerning, though, i guess this is really the market sitting and taking a look at the jobs number that we got on friday which is well below what had been expected. And taking all this into account with are we ready for tapering and is the economy really there . Youve got goldman. Already were going to be talking about lets keep in mind oh, god, i sound like phil. At the enof the day, 257 is where the dow is. If we build up a lot of fear, and were still above 15,000, thats the way these markets move when theyre in a long when theyre going to keep a
The massacre in newtown, connecticut. Proposing more gun control laws, while failing to enforce the thousands we already have, is not a serious solution to reducing crime. Ifill then, we assess the state of the economic recovery, as key indicators show trends both up and down. Brown from jerusalem, Margaret Warner has the latest on the attack by israeli warplanes inside syria. Ifill Judy Woodruff talks with newly elected senator Tammy Baldwin, a democrat from wisconsin. Brown we examine how some schools are translating lessons into real world applications in an effort to close the achievement gap between rich and poor students. Im actually really excited to be creating this device. It really makes you feel, i dont know, grown up, i guess . Its not just learning, its experiencing. Ifill and we close with a first person account of the struggle for human rights in china. Ray suarez sits down with an activist who spent two years under house arrest. Ifill thats all ahead on tonights newshou
Possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the challenge of gun violence, and the looming political fight over what to do about it, dominated a high profile hearing today. The Senate Judiciary committee played host to leading voices from both sides of the debate. It was a day of drama in the packed hearing room. This is an important conversation. Ifill even before the senators had their say, former congresswoman Gabrielle Giffords stepped up to the microphone to make a brief and halting plea. Speaking is difficult but i need to Say Something important. Violence is a big problem. Too many children are dying. Too many children. We must do something. You must act. Be bold, be courageous. Americans are counting on you. Ifill giffords was shot in the head two years ago as she met with constituents in tucson, arizona. Six others were killed that day. Giffords and her husband, former astronaut mark kell