Good. Varney company is about to begin. David lets get right to your money and there is more of it. Markets expected to open higher as china cuts tariffs on 850 products. Come in, market watcher Keith Fitzgerald. Will we hit 29k or even 30k before the new year . What do you think . That is not as outrageous as it sounds. We are within striking distance of that. We got to have a good broad session, but the lack of headlines that are going to interfere with that is key. I think we will get there. David you think of what has happened in the past year and again, a lot of it had to do with the fed, wasnt necessarily because of trade policy, the fed was pushing up rates, that was pushing down the market, but 6,000 points since a year ago, and i think the bottom was actually more than 6,000 points, when you look at it today. What was happening then thats not happening now besides the fed . Well, i tell you what, this is a real testimony to the faith and inspiration and innovation that drives
Unified party. One democrat switching sides, some others may vote no. But the end result is not in doubt. The president will not be removed from office. Now look at this. The market is going up again. The dow is being held back a little by boeing. The journal says it may halt or cut max jet production. Boeings a dow stock, way down, hurting the dow average by about 90 points. We also have to tell you that bank of america is talking about a melt up for the market into next year. Look at the market go. The dow is going to be up about 80 points despite the news on boeing, up about 80 at the open. S p, big gains, 17 points. Thats more than a half percent. The nasdaqs going to do well, 50 points higher. That is a rally this monday morning. In britain, landslide winner, Boris Johnson, is pushing hard for a brexit vote by christmas. Then he wants to work on a trade deal with trump next year. Defeated socialist Jeremy Corbyn says he won the battle of ideas. He just couldnt convince voters he w
All that and more on making money. Dagen is a rollback in tariffs in the cards to get a trade deal done with china . Both sides reportedly weighing that option as they get closer to putting pen to paper. Edward lawrence, live in washington with more. Hey, edward. Reporter good to see you. Feeling of goodwill between the u. S. And china over trade is starting to seep into tariffs. People familiar with the talks are telling us china would roll back tariffs as part of a trade deal. In an oped in Chinese State media says cancellation of u. S. Tariffs already imposed should be a necessary condition for reaching an agreement. The moneys writer said to be close to the trade talks on the chinese side. The chinese have been working throughout the process to get tariffs removed or repealed, especially tariffs set for december 15th. Those are still set to be added. The trade talks are still happening almost daily. In phone conversations at the deputy level, the two sides are trying to find a loca
Start on september 1st, putting small additional tariff on 10 of the remaining 300 billion of goods and products coming from china into our country. This does not include 250 billion already tariffed at 25 . Joining us now, Edward Lawrence with the very latest. Edward . Reporter the president could go up to 25 that was originally floated for that last 300 billion worth of goods. Starting at 10 level, seeing if something can be worked out. President donald trump was briefed on how the talks went, facetoface by u. S. Trade representative robert lighthizer. Clearly the president did not like what he heard. In one of his other tweets the president saying that china wanted to renet the deal that had basically already been done. The president has said in the past, that is not something he is willing to do. Well have to see if talks in september will continue. They are scheduled to be happening in september again but september 1st the tariffs would go into place according to the president. Th
Chipotle and snap. All of them, up big. Facebook and teslas numbers come out later this afternoon. Both down in advance of the official numbers. The overall market, that will open lower in large part because of the downside move of caterpillar and boeing which are dow stocks which are taking a large number of points off the dow. We will open down about 100. Look at that nasdaq, down about a half percentage point. Unless theres a big surprise, again, this is my opinion, the hearings are not likely to affect wall street. Varney company starts right now. Stuart they started. Youre looking right now live at the mueller hearings. Joining us, judge Andrew Napolitano and liz peek and david barnson will chime in as well. Weve got him on camera. First to the judge. Okay. They started at 8 30. 31 minutes ago. You have been listening. What have you heard so far . That bob mueller is a good marine and hes going to follow the instructions from the department of justice and basically not talk about