Later, travel writer and tv host rick steves talks about his role as an Advisory Board member of the National Organization for the reform of marijuana laws. Host good morning. It is tuesday, june 11, 2019. Yesterday, the House Judiciary Committee sought again to shine the spotlight on the Mueller Report. Onay they will vote whether to seek action against attorney general william barr. Throughout the day on cspan, will be covering it all. As you do, we want to hear your thoughts and your reaction. Here is how. For republicans, give us a call 8001, for ther democrats, 2027488000 and for 2027488002. You can also catch up with us on social media. It is facebook. Com cspan. A lot of moving parts here is where we are right now. Yesterday, the House Judiciary Committee, former white house nixon counsel john dean testified. Here is one of the headlines about the hearing. The house hearing detours into watergate is what the notes. Gton post yesterday, the Justice Department and the Judiciary Co
Been if america had not had, as it does, an oil glut. It would have been a much bigger price spike. Thats the upside, i guess, of energy independence. Now, whats happening in oil has not had a negative impact on stocks. We are still looking at a gain for the dow, what, about 90 points, up about 34 on the nasdaq. Part of the dows gain is fueled by the Big Oil Companies which do well when oil prices rise. This tanker story is a big money story. We are all over it. And theres a lot going on. We will keep you in touch with it. Elsewhere, ah, Bernie Sanders outlines his definition of democratic socialism. We will break that down for you. Not literally. The president is setting the political world on fire. He says he would accept information on political opponents from Foreign Governments. Theres a shocker. Connecticut, can you believe this, they are in dire financial straits and they are raising taxes on everything. I mean everything. Varney company is about to begin. If foreigners, if russ
Even if today was a dow. S p inching down 1. 3 . Nasdaq climbing 4. 2 the fed is supposed to cut rates when the economy is in trouble, right . How can the economy be in trouble if the s p 500 briefly made an alltime high . I hear a lot saying this but its based on the serious misapprehension usually bring people who dont understand the stock market itself because it is a market of stocks. Its no longer a good gain the indices arent a good gauge to the economy the recent rally tells us lots of companies are doing well. Some are doing well because of lower Interest Rates than the treasury market. Some are doing well. Theres been some fast growing tech stocks that have not been constrained and farm well, farm and fast growing tech tend to thrive in a weak economy. More importantly i think were looking at this backwards. The market roared to these levels because wall street thinks there is going to be a rate cut it would be much lower in jay powell told us it was still on the table that th