Maria big show this morning, fox business dagen mcdowell, former nfl jack brewer, former ceo of home depot, former ceo of chrysler, bob nardlli in the house. The race in kentucky, dagen, still too close to call. Dagen right, people are going to if matt bevin is declared the loser, current republican governor there against his attorney general, democratic attorney general andy bashear, if hes declared the loser, after, its a referendum on President Trump, no, matt bevin was not liked in the state, again, who is a longtime democratic operative texted me in the middle of the night, just remind people that politics is local, this is a very local issue and we can move on and talk about virginia because, again, both the house and delegates in the state of virginia are now both blue but if you dig in the numbers it wasnt quite the loss for the republicans there that people might expect. Maria all of the key elections held across the country, thats going to make people start talk about what it
Nevertheless, stocks are rallying, the s p 500 back above 3000. The dollar index almost reached 99. It is still a lot stronger but it is trading at 98. 61 now and that is having an impact on other Asset Classes like crude oil. Gold as well coming off a little bit. Some of the stocks that are moving in the s p 500, Restaurant Brands and Food Companies continuing their outperformance. Kellogg up more than 10 . Also yum brands had better sales. Performers in the s p 500 are performing very poorly, losing almost a quarter of their market capitalization. Analysts saying there is nothing left right now in this company. Problem withhad a its drilling wells. They space them to close together in part of the Permian Basin and they have to get rid of some and that is causing serious issues. Guy good stuff. Governor mark carney says he is less confident about the economy amidst a no deal brexit. Since may, global trade tensions have intensified, little activity has remained a no dealhe idea of bre
Raising the exit payment. Hitting 8,000. Matt . Matt lets take a look first off at futures where they are trading after the Coalition Talks here in berlin collapsed late last night, early this morning, depending on how you want to look at it. We see futures down across the board. We have asian markets down as well, but there are other reasons for that. Not the collapse of the berlin government talks. I think they had export numbers that were disappointing. See futures are down almost three quarters of 1 . If you take a look at other closely tied to merkels forming of a government, you see the euro coming down. This is a threeday chart. You can see how it traded after two days and then the collapse in trading this morning. The question is, is it a by the dip moment . Or do you see the trend may takeg down . This possibly weeks or months to clarify the situation on who runs germany. Guy . Bloombergs go to first world news with at ludlow. Mugabe shocked his country with a televised addres
It will be cloudy as we go through the afternoon and evening. Look at there gorgeous shot as the sunrise getting going with a little bit of snow there on the horizon, but here in denver, we have partly cloudy skies. A much cooler, chris per feel to the morning. This morning, temperatures out there only in the 40s. Even some 30s and we have some rain and snow continuing in the Higher Elevations. I think the further west you go, you will see scattered showers, dry for this afternoon more on the complete forecast for the rest of the weekend, coming up stacy, thank you. A massacre in a seattle area mall, a pan with a opens fire. Five people killed. A man died from his injuries. A shot and two seconds later, another shot, so, crazy, crazy right here behind me, the Shooter Police say they are looking for. Its hard to recognize his face its not clear, but its the best authorities have to go on update all bulletins, man ran into womens macys a with a long rifle reporter fires coming in before
Were . In the cross hairs of europe, but we know that yurt has been weak. That is the approximate cause. The sooner it happens the less likely we wilikely we will get bigger cuts. That means the less likely that you will blast out of stocks ahead of a tsunami of selling when you have a number of cuts. Prudence and foresight produce what i call just in case selling. Again that is totally sensible. Im never going to criticize that. Aside from these two factors, fridays selling had theyre own momentum. The first reason that people sold, the fed. We heard endlessly that the Federal Reserve was behind the curve. Meaning the fed will have to do something to send stocks lower. And that thing is to raise Interest Rates quickly. Before i tear this apart you need to know that at the end of the week bankers gathered. Youll have to hear stories about how the fed is going to hurt you and your pocketbook. I would love to be able to immunize you against this chatter, but it is almost impossible becau