New and all electric hummer to the world, but you got to hear the price tag. And it is once again time for you to speak out, this time on the election. And which matters more to your money . The white house or the senate . It is wednesday, october 21, and this is Worldwide Exchange on cn cnbc welcome from wherever in the world you may be watching. Happy wednesday. Im Brian Sullivan here is how your money in the Global Markets are setting up. Stock futures are down, dow and s p trying to post back to back days of gains, but dow futuresf about 100, nasdaq iabout 70 mtum is the cute ticker, coming off its fifth straight down day. Its longest losing streak since late february. That etf tracks names like te a tesla, apple, microsoft and more, all the names that really control the entire market. Same story with the faang stocks First Trust Dow jones, the fdn, also seeing 2350five down days row now, first time that has happened since february. So you have to watch tech, some of the big name e
Floor. The real problem here is in the senate. Democrats seem to have reached their Breaking Point after supporting cr after cr. There have been four since october. And each time that happens the democrats have to go home to explain why it doesnt include any of the their protesters, most notably the daca issue. I think some of them have just gotten to the point where they can no longer explain. The fact that President Trump used that kind of language we heard from him last weekend in a private meeting, thats inflamed things as well. You have mark warren and tim kaine of virginia who voted for the last continuing resolution. You have Patrick Lay Hee Of Vermont who the opposed to the funding bill. We are looking at a scenario where the house is probably going to trying to get this wrapped up by 7 00 or 8 00 tonight. The senate might move quickly, but, again, very difficult to count to 60 votes in the senate. Were closer to a Government Shutdown than at any point since december 2013. I th
2000s. Tomorrow, quarterpoint drop was expected but the big question is will Jerome Powell continue to cut Interest Rates or will tomorrows cut be it . The president has criticized powell and complained long and loud that he raised Interest Rates to quickly last year which has put the United States in a competitive disadvantage by causing an overvalued dollar. The president says the United States can weather the current environment but that he wants more cuts. Listen here. Fortunately ive made the economy so strong that nothings going to stop us. The fed could have made it a lot easier. I would like to see a large cut and id like to see immediately the quantitative type being stopped. The quantitative tightening. Saying that if powell had followed the same Monetary Policy is during the obama administration, the dow could be 10,000 points higher than it is right now which led to our blake burman task the president today whether it was a mistake to not leave fed chairman janet yellen in