It may not rhyme but its more compelling than sell in may and go away. It was something i heard many years ago and then it turned out to be a terrific summer rally, because of a rhyme sell in may and go away is suboptimal advice, but this may it just so happens the markets run too much versus if fundamentals the dow plunged 622 and the s p losing 8. 2 . And the nasdaq knowsdiving 3. 20 off the rails. Now, after a week that ended in a bombshell after President Trump talked about the possibility of retaliating against china for not doing enough to stop the coronavirus, i dont love the timing here but if theres one thing weve learned, you need to take the president seriously when he threatens to take action against china, because hes done whatever he says and thats bad news for the stock market let me put it this way in 2018 and 2019 we went after the peoples republic with both barrels. We were in a position of strength strong gdp growth and incredible job market 30 Million People have lo
On capitol hill. This morning, Maxine Waters goes right at Facebooks Libra. Finally, bitcoin comes back down to earth. So there you have bitcoin at 9,400. So question, hows the market doing . As in the stock market . Look at this. No selloff. Still holding right at record highs. The dow well above 27,300 and the s p stays right there at 3,000. You want some action . Wait until you see the latest tweets from mr. Trump and wait until you see joe bidens polling numbers. The latest. Varney company is about to begin. Stuart hes not letting up. The president piling on with this tweet. Hammering away, here we go, the democrats in congress are getting nothing done, not on drug pricing, not on immigration, not on infrastructure, not on nothing. So much opportunity yet all they want to do is go fishing. The American People are tired of the neverending witch hunt. They want results now. Okay. Got that. Senator john kennedy echoing the president s remarks. Roll that tape. I hesitate to contribute
Arrests. With new calls for University Leaders to restore order or step down. This is dangerous. This is not freedom of expression. This is not First Amendment. Were live with the latest on the growing unrest on campuses coast to coast. Legal drama. Multiple cases involving former President Trump coming to a head today. New indictments for his inner circumstance circle over 2020 interference. All while his historic hushmoney trial resumes in new york. Well break down whats at stake. Proof of life . Hamas releases new video of an american man captured during the october 7th attack. Alive, but appearing to be badly hurt. He certainly doesnt look like himself, but it was amazing to see him. How his family is responding this morning. Trouble in paradise. An american tourist facing 12 years in an island prison for what he says was an innocent mistake. Its the most awful thing that i have ever lived through at this point. His family desperately hoping for a resolution. I dont know whats in s
Katie theres a lot of right on the screen. Big tech also down 1 after the cpi figures with 10 year. Lets talk about that hot inflationary data slamming the door on the june fed pivot. Across the board this came in higher than expectations . Mike both headline and core was up. 4 which pushed up the year over year rate. A big disappointment to wall street. A disappointment to the fed. The fed has not moved its target rate since july of 2023. The inflation rate has stalled out. We have not seen inflation rise since then it has stayed roughly in the same place. It hasnt gone down and that is keeping the fed and investors unhappy even though the fed follows the pce numbers, these numbers matter to the market which banners to the fed. This means a big change in expectations. The market has priced out a june, july and september price cut and now we are back to a september rate cut but only to this year. Will the fed ratify that . They dont produce a new dot plot until then but the may meeting
Hes an ignorant person. He is very much a narcissist. Idiot. And just many, many other things. Its the late show with tonight the dossier strikes again. Plus, stephen welcomes dr. Phil and captain scott kelly. Featuring jon batiste and stay human. And now, live on tape from the ed sullivan theater in new york city, its Stephen Colbert cheers and applause stephen thank you very much, thank you, thank you, thank you. Hey, everybody. Please have a seat, everybody. Thats electric. Jon yes. Stephen i hope you can feel this at home, everybody. This room is electric. I wish these people i wish these people had been here last night. Jon that would have made all the difference. Stephen would have made all the difference. These people are super stars. You either have it or you dont. Welcome to the late show. Im your host, Stephen Colbert. Thank you very much, citizen. Well, as you can tell by the energy in the room, its friday. And you know what we say on friday light fuse and get awa quickly. O