Equities climb as President Trump delivers a measured response to iranian strikes on u. S. Bases. He does, however, promise new sanctions on tehran. Fighting back, japan calls of itsghosns criticism legal system absolutely intolerable. This after he blasted tokyo for hostage justice. Plus, not so fast. Hard. In hong kong hits u. K. Retailers post sales britishafter what the Retail Consortium called the worst year on record. Speaking of that m s Third Quarter, looks like u. K. Sales theout, gaining 0. 2 , and fullyear guidance has been ishanged, but mark spencer out with like for like u. K. Sales. We are also getting german trade balance and current account data right now as well as industrial , the Industrial Production yearoveryear figure, a drop of 2. 6 . The survey was for a drop of 3. 7 . It is a bad number but not as bad as had been anticipated in terms of the current account balance. We are looking at 24. 9 billion, we were looking for 23 point 8 billion. German Industrial Produc
The dow industrials up just a few points at the opening bell, 11, maybe, but look at that level. Back to 28,000. Modest small loss, small loss for the s p and also for the nasdaq. So look, everybody, sit back, you are going to watch financial history. History being made in hong kong, too. Sure looks like open rebellion. The street fighting has escalated. Police besieged one of the Main University campuses which they say was being used to make weapons. A Police Officer was hit by an arrow. Ominously, the Peoples Liberation army, chinese troops, in plain clothes, appeared on the streets on saturday. That was taken as a grave warning. Add all this up, it is beijing versus the people of hong kong, communism versus democracy. It is a bloody fight and it is not over. In the United States, the democrats want to remove this president from office because of a phone call. Varney company is about to begin. Stuart okay. Lets talk stock market, shall we . Dow closed in record territory friday, abov
Saying his call was wonderful. The white house was already trying to keep the record under wraps. Thecycle Fitness Company third worst unicorn debut since the financial crisis. Woworks cash plans go awry. Shery lets get you started with a quick checkup on how markets closed. It was a broglie risk obsession with stocks losing ground, at treasuries advancing, and the dow lost 80 points. The s p 500 lost. 25 which was the fourth decline in the last five sessions. We started lower given the whistleblower complaint in that impeachment inquiry against President Trump was released, but then, this was exacerbated after u. S. Officials talked about that temporary waiver for u. S. Suppliers to send their products to huawei. It could probably not be extended. Market sentiment was rattled. The nasdaq fell. 6 . Energy was the biggest loser despite the fact that we did see crude prices recover after we heard reports that the u. S. Would be sending military equipment to saudi arabia. U. S. Futures at
We clear out going into the rest of the day, only reaching the 60s for many of our microclimates. Well talk more about this and whats ahead for the rest of the week coming up in a few minutes. Mike, already a couple of crashes on the peninsula. Thats right. On the east bay we have a roadway weather red string, damp roadways in livermore and i had to use my windshield wipers through fremont by tesla on the peninsula, two crashes reported. 280 just south of 92. Sou sounds like everything is off of the roadway. Bellemont, closer to holly in redwood city, a crash, a car went off the roadway down the exit ramp. No major injuries reported for either one. Ill track both. A little glow, perhaps some mist in the air. San mateo bridge moves smoothly. Watch for the light rain through the east bay and south bay hills. 4 31 an unusual rock fight brewing in San Francisco, this one revolving around a set of some 20 boulders placed on the sidewalk in one neighborhood. Neighbors say they originally put
The message from the un experts today is clear we all need to eat less meat to help fight Climate Change. The uns climate panel, the ipcc, have released the most comprehensive report on land use and Climate Change ever compiled, and it makes for sober reading. It says one quarter of global emissions are because of the food we eat, more than half of that is from animals. The report was released in geneva. Roger harrabin sent this report from there. This alpine landscape was covered by forest, the trees sucked Carbon Dioxide from the atmosphere and regulated the climate. Then humans cleared some of the land for food, but cattle birthed methane and that strongly heeds the atmosphere. The sort of low intensity grazing may produce protein from poor soil and it does have some environmental benefits. But it still creates more Greenhouse Gases than growing plant protein. Scientist meeting here in the alps are not saying we have all got to go vegan to protect the claimant, they are saying that