The dow and nasdaq not far amazing suits and float around behind. S of tiffany surging the cabin. It will be a great market after all. I see you are talking about space suit this morning interest in acquiring the that was designed by under company for 120 a share. Armour the next investing frontier, one of the questions that gets Virgin Galactic set to make the put to me a lot is how do you public debut here at New York Stock Exchange this morning. Sir Richard Branson will join us know it is going to be safe . First on cnbc. When it comes to space i mean so, markets are chasing some history this morning the s p is on track to open at space is hard, it got to go off an all time intraday high. On friday, closed within six without the hitch. Points of that record level no room for error here after being fractions away from setting a new milestone. How do you ensure thats the case and what do you tell jim, a lot of the bears arguing what has gotten here from july has been healthcare and ut
Even if today was a dow. S p inching down 1. 3 . Nasdaq climbing 4. 2 the fed is supposed to cut rates when the economy is in trouble, right . How can the economy be in trouble if the s p 500 briefly made an alltime high . I hear a lot saying this but its based on the serious misapprehension usually bring people who dont understand the stock market itself because it is a market of stocks. Its no longer a good gain the indices arent a good gauge to the economy the recent rally tells us lots of companies are doing well. Some are doing well because of lower Interest Rates than the treasury market. Some are doing well. Theres been some fast growing tech stocks that have not been constrained and farm well, farm and fast growing tech tend to thrive in a weak economy. More importantly i think were looking at this backwards. The market roared to these levels because wall street thinks there is going to be a rate cut it would be much lower in jay powell told us it was still on the table that th
Reports, a u. S. Senator facing a federal judge. At this moment new jerseys Robert Menendez is inside a New York City Courthouse Set to be arraigned on Bribery Charges. Were live at that court and getting reaction from capitol hill. Plus, breaking moments ago, American Soldier Travis King is in u. S. Custody after he was held for months in north korea. What we know at this hour. Also, legally preposterous, a new york Judge Unloading on former President Donald Trump ruling he committed fraud and lied about his net worth. So what does this mean for trump and his businesses . And later, a ransacking in philadelphia, what police are saying about this overnight looting involving 100 people. Great to have you with us. Its 10 00 eastern, im Ana Cabrera Reporting from new york, and we begin with Breaking News here in manhattan this morning. Senator Robert Menendez set to appear in a New York City courtroom this hour after being indicted for bribery. You see him there arriving a short time ago.
Are go for the birth possible thing i can thousands of pieces of debris i wish i couldve done something differently. What i can undo that, you can just make it better, are those that fall hello. Space shuttle columbia, the final flight, two part finale, Sunday At Nine On Cnn you relied with the cnn newsroom. Im jim acosta in washington. Good morning. We begin with the latest demand from former President Donald Trump to House Republicans, quote, killed oh fisa, fbi director Christopher Wray is expected to deliver a sobering response to trumps decree. This is no time to mess around with the law known as fisa, the foreign Intelligence Surveillance act. Amid the turmoil in the middle east to add, following an isis attack in russia that could inspire acts of terrorism here on us soil, the law allows us to collect the communications of nonamericans overseas. Its up for reauthorization as its due to expire next week. But the continuing chaos up on capitol hill in the house may doom it. 19 con
About both it and the constitution. The National Archives hosted this event to mark the 800th anniversary of the magna carta. It is about 90 minutes. Im the executive director of the constitutional project, we are an organization devoted to promote greater access to an understanding of u. S. Constitutional history. It is a pleasure to join the National Archives this evening to celebrate the 800th anniversary of the ceiling of the magna carta. Magna carta has left a profound legacy for law and culture around the world. To commemorate magna carta and its powerful ideas, like trial by jury and due process of law embodied in its text, weve assembled an Impressive Group of scholars to discuss magna cartas influence on american constitutionalism. Tonight will be joined by jennifer paxton, a medieval specialist from catholic universities in america the author of in the shadow of the great charter, who gave a wonderful lecture this afternoon. And bruce obriant, and magna carta expert from the