Stuart world st. Clair. Not sure of the relevance to this but wait until you hear my take. Good morning, everyone budget is 10 00, to your money, the markets, we start with the dow down 60, s p down 70, the nasdaq 84 points because the 10 year treasury is going up. That hurts the nasdaq. 10 year yield is up 5 basis points. Watch out for oil, saudis saying they will extend their production cuts. That means oil goes up. 87 per barrel. The target for stocks going up as well. Bitcoin struggling at 25,700 per coin per coin. Thats the market and now this. It started with the catastrophic withdrawal from afghanistan. I say catastrophic because the president s standing at americas standing went downhill from there. Russia invaded ukraine, china, iran supplied drones to putin and now news that north Koreas Kim Jongun will visit moscow probably to work out a weapons for food program. Chinas xi jinping will not attend the g 20 summit. Added all appended is clear the new world order is taking shap
Ashley all eyes on capitol hill as the Senate Returns from summer break, they better get busy. Theres a lot going on. Mitch mcconnell under the microscope after his recent freeze ups. Kevin mccarthy facing up a little minefield as when he comes back next week, opening an impeachment inquiry into the biden affair, we will get into that. On top of that, congress has 16 working days, always under a deadline. Migrant mess, democratic governors insisting they are out of room and out of money to help the massive amount of migrants. The Biden Administration has a doozy of an idea how to house migrant overflow. And theres of this. Attendees beginning their ask otis after flooding that left tens of thousands stranded in the mud. Live report from the center of the mayhem. Ashley webster in for neil cavuto and this is coasttocoast. Top story today. Senate back in session, the pressure is on. Lawmakers at odds over spending. What else is new . The threat of a Government Shutdown continues to work.
Dollar index continuing to climb higher and higher out of the case as well for crude oil. This is the global benchmark. Imax is up as well, over 96 a barrel, real strength in the oil market as we heard the russians and the saudis will continue production cuts at least through the end of the year and also in the last few minutes we learned that United Airlines is issued a nationwide ground stop for all flights due to a computer issue. This is according to abc news and they cite the faa and united for this nationwide founding of all united flights. The shares are down to session lows off of 4. 2 4. 6 . John we will continue to watch. You are talking about the energy trade today and the commitment for some opecplus nations to supply cuts the has few Energy Stocks on the down day for most sectors, but Occidental Petroleum up 3. 5 at this hour. As we continue to read through to the health of the economy, americas car market was an interesting example. A used car dealers profitability is tak
Launching its ipo road show, a blockbuster deal which could value the company as much as 52 billion. Were watching media names, wbd warning of prolonged impact from the strike while disney fires its latest volley in its dispute with charter. Its great to have cramer back in the chair. We missed so much last week, between lulu and the china names and chewy and wolf. First of all, its great to be back. Thank you for the wellwishers. It was a triple hernia. I managed to come through it in a way that i feel very, very strong. I always love september in our business because everybody does come back to work except for the people that still work at home. They want to get back to work. There are a couple of points we have to talk about. One is the bonds are going the other way. Thats going to be septembers headwind. Again, the Interest Rates are up. I think were making much too little about the strike, the uaw strike. By the way, the writers strike, obviously for Warner Brothers is important.
By 0. 2 percent on the s p 500 following the biggest we of gains on the s p. Happy talk begins in september with goldman cutting the recession chances to 15 after week of decent data to keep this fed on the sidelines. Jonathan Good Research over the weekend and goldman leads the way with that lesser call on recession. It buttresses against a china basically in policy chaos. To the global town, im unsure of where we go other than Jerome Powell has a spirited leadership on Economic Growth. Jonathan later, as good as it gets. Tom hes still bullish. It is as good as it gets in the nuance here is that we peel away and maybe we get lesser and then he goes to a soft landing but i dont know what that means. Soft landing bramo comes back from her sabbatical. Jonathan she returns less bearish from vacation. Lisa first of all, nobody is very happy the summer is over. There is this feeling of what are we heading toward. Jonathan its in the 90s in new york city this week. Lisa are you going to wear