But before the impeachment announcement the jury judiciary to apartment the one of russian collusion with Trump Campaign youll remember in 2016. One of directly finding bias, Michael Horwitz conclusion was a really damning combination of the tactic used by Law Enforcement agents to start and continue digging for information on district mr. Trump and his team. While just a few hours after the democrats went to the podium to make therefore historic announcement. I had the opportunity to speak at length with attorney general william bar with about a speech meant and reports. We began with impeachment. While the attorney general was now willing to discuss it any length cam he did weigh in on one of the chargers to. I dont believe its the case that we, somebody including a branch of government, is asserting a legal privilege that they have under the law that that constitutes obstruction. Gerry the second article said president tromp had the categorical defiance of pinots and given the const
Economists do most dont showing you where things are standing now three and a half hours before the opening bell. Looking at a dow that would open just about 11 points higher and nasdaq looks like it would open down going to china quick but showing you treasury yields. The 10year note at 1. 766. Joe mentioned, breaking overnight, the operatest rate of china slowing to the slowest pace in 30 years that may explain some is of what we are seeing here eunice un is now in beijing where tim cook is. Thats right. First getting to the numbers i think you can compare that policymakers will unveil more soon Third Quarter numbers missed coming in at 6 . That is because of the demand overseas and at home the september numbers rebounded. Most said those are something you usually see. They are more concerned about sluggish demand weighing on the out look of the economy. The more optimistic bureau saying china faced a big downward pressure. Planning to front load some local government bonds those wil
Conference calls later this hour fire sale. Sharps at nordstrom down almost 10 today. The traders assess the damage. Plus would you rather . Home depot getting the downgrade after lowes gets the upgrade whether they nailed it or not. In taste you hadnt heard foam is fed day steve leastman lays out the big picture from the fed survey. Wall street expects the Federal Reserve to cut Interest Rates tomorrow amid growing concern about economic weakness recession fierce and the trade war. 100 of respondents to the cnbc fed survey see the fed cutting rates by afare quarter point after announcing results of the september meeting, nearly all expect another quarter point cut by year end. The problem is that forecast for lower rates come with a reduced outrook for u. S. Growth and increased probltd of recession the schans of a recession in the next 12 months soared to 11year high of 32 of are according to the survey below 20 most of the year forecast growth is forecasted to 2. 2 this year and sin
Former dallas fed president Richard Fisher is with us live and we are hours from a key report from netflix. Which way is this stock going to move the Investment Committee is ready to go. The Halftime Report starts right now. A lot of good questions there. Of course, its good to have you with us on this wednesday. We have a very good Investment Committee as usual for you jim leventhal, steve weis, jonny in najarian. Not for investors, not for today. Csx shares derailed. Investors suffering their worst day in more than a decade. A lot to unpack here lets get to frank who has been following the story since last night. You were just talking about economic indicators. The economy is strong. Retail sales strong. Unemployment at record lows. Inflation not a worry. But their new fears of a freight recession. Now csx, lowering guidance from 1 to 2 growth to a 1 to 2 decline, largely due to weaker demand for domestic and export coal and the everpresent trade tensions first half volumes fell 4 ce
Record sales for the most valuable company. And boeings billions, it is taking a 5 billion hit in the Second Quarter due to the worldwide grounding of what was its bestselling plane ever. And rate cut optimism. Stocks on track to open higher but on pace for worst week since may. Microsoft on track to open at a record high, market cap above a trillion dollars Quarterly Results beat expectations on cloud strength here is nadella on last nights Conference Call. Our commercial Cloud Business is the largest in the world, surpassing 38 billion in revenue for the year with growth margin expanding to 63 . Im proud of what we have accomplished over the last 12 months, and im energized by the tremendous opportunity ahead every day we work alongside our customers to help them build their own digital capability, creating new businesses with them, innovating with them and earning their trust. Cloud is a third of revenue and after at t they had quite the week. Yeah. I did something i never do i list