Calls for more stimulus, treasury secretary Steven Mnuchin, package could pass in july. Take a look at futures. Pointing to selloff at the start of trading. Dow futures down almost 300 points and nasdaq down 55 and s p down 28, this after markets end yesterday in the that is, the nasdaq shattering another record high closing at new fresh alltime high on the nasdaq, up to 10,131. Police reform in focus as protests go on. Senate republicans are voting today and moving forward on reforms but facing pushback from democrats. Technology giants speaking out against the temporary ban on h1b visas saying it could move manufacture jobs overseas. Baseball players reporting back to Training Camp july 1. Mornings with maria is live right now. In europe this morning red across the board. The u. S. Reportedly looking to impose new tariffs on goods from the eu and the uk to the tune of 3. 1 billion. This as European Union opening borders but may ban american travelers. Take a look at european indices.
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
Maria Fox News Network dagen mcdowell, emily and wall street journal Editorial Page Editor james freeman, great to see you this morning. Good to be here. Maria its been a while when we were in the same studio. Dagen i followed you on instagram. Maria big show this morning on deck, cfo of johnson and jonson is coming this morning. The president and ceo of stu leonard, store thats american staple, made in the usa this morning, real housewives of new york star beth any bethanny frankel. Dont miss a moment of it we have big 3 hours coming up. We want to kick it off indicating big rally, s p is up 25 and nasdaq is up 92 on news late last night that u. S. And china have resume today highlevel trade talks, latest rounds of 15 tariffs on chinese goods took effect on sunday and more to come in december, President Trump spoke about the latest negotiations with china yesterday at the white house. Let me tell you if i wanted to do nothing with china, stock market would be 10,000 points higher than
Moment right now the dow is down by 33 points take a look at what happened to equity markets overnight in asia youll see that the nikkei was flat the hang seng was down by. 8 and the shanghai composite up by. 1 in europe theres active trading taking place in the markets. Youll see its a little bit of a mixed picture. Three major averages are weaker with the ftse down by. 5 . Italy and spain are seeing stocks higher and then finally check out the treasury market here in the United States. This has been the thing we started watching so closely yesterday. You did see an inversion of the yield curve with the ten year yield challenging the 2 year yield. Right nowits slightly above the 2year as it should be at least. That inverted slightly yesterday late in the session. Right now 10year is yielding 1. 581 the two year is yielding 1. 561 . Were getting close on that again. That and maybe this as well investors suffering a bit of whiplash this morning as President Trump changed his messaging o
With us and former president ial candidate Mike Huckabee and chairman of Laffer Associates, art laffer. Weve got an amazing lineup. You dont want to miss it. The top story is china trade. U. S. China negotiations picking up again tomorrow. Robert lighthizer and Steven Mnuchin arriving in china, theyll meet tomorrow with chinas vice premier. Talks this time are around what theyre going to look at Agricultural Products and huawei technologies. Jack, i want to go to you first. A lot of controversy over huawei being included in these talks. Its so interesting, because seven months ago i dont think too few people knew what huawei was in america. Or how to pronounce it. Im still learning. What do you make of the new trade talks with lowered expectations. If youre a stock investor, i think this is a good starting point for you with expectations low. We had past talks where we expected a big, grand deal. I dont expect anyone talking about that now. Theyre talking about Agricultural Products an