Head to argue dot com stay with us now for going underground looking at the collapse of the British Labor party under. Watching in the u. K. Sputnik finds out what could be in store for the National Health service with us. I just seem to see i might see the queen and she greets to dissolve parliament. To the stage where we have. These of the public. A view that you. The 317 seats the conservatives of the last election within 3 months will secure a credible deal with the European Union and in 6 months well put that deal to you i need to watch a very. Great state it is time for scotland to be made in the country at the bottom of the Economic League table in the u. K. At the moment but you know we dont have to accept. We will not vote for the Prime Minister to prevent other proposals you would have just one referendum on the e. U. Youd have one on scotland as well as the bible to deliver for the people of this country lets get. Everything on this stage with me they were all sounds a littl
complete holy hell, remember? this is going to be the misdemeanor from hell for merrick garland, joe biden, and nancy pelosi. they took on the wrong guy this time. well, that s what makes the one-time trump white house advisers move now, well, extra confounding because eight months ago, bannon said that he wasn t backing down ever. i mean, the wrong guy this time, right? well, trial dates have a funny way of making people change their minds, shall we say, because now he is, well, backing down. willing to testify before that very committee that he seemed to be mocking and taunting. now, what exactly changed other than maybe the calendar date? we re going to dig a lot deeper into all of that tonight along with new january 6th hearing developments. and if bannon thought his decision to testify now would call someone s bluff at the doj, well he s surely mistaken because a trial is still happening and it won t even be postponed. a federal judge denied his legal team s request
The last, earnings and rates. Earnings have been good for the most part. Rates are not going in the right direction, though. 100 . To a certain extent youre watching oil a little bit. Oil is up. Its about ten year and the ten year approaching 5 . 30 year above 5 . This is a challenge, a problem. We know whats coming with the treasury announcing what their supply will be. I dont like the premises because the bond market is doing the work for the federal reserve. Whats the impact on the market . From someone who is bullish on the ability for the Fourth Quarter to be positive driven by the magnificent seven. Today is an ugly reversal, not a day for the bulls. Today is a day for the bears. This is not a pretty reversal. And the only thing keeping the market from deteriorating further is apple, alphabet, and microsoft. They are providing a degree of resiliency from the market moving even lower. Well get into whats at stake. Netflix and tesla after the bell, too. A good test, apple is negati
Part of ceos, certainly what we heard from starbucks last night that the consumer is becoming more cost conscious. The effect of higher rates, the effect of inflation is real. Its impacting lower income lower income consumers, and i dont think without question you could avoid that ultimately what does that mean i know some people have suggested, well, maybe the Federal Reserve puts on the table a possible one more ratea and ultimately what they deliver to markets i dont think is going to be too disruptive and send the market into a deeper decline. Sounds like what are you saying, the bullish story is over the Firm Landings here . I think the firm landing actually benefits. I think the firm landing benefits the premise that accommodative Monetary Policy is closer than we think i actually think you get the rate cut at some point in 2023 will we get it for the wrong reasons . I take what he said the other way. I get that hes saying thats not going to drive the market lower, the fed to. An
Pushed the dow into negative territory for the year. Joining the russell 2000 at this point. You got the dow industrials under pretty severe pressure. The s p and nasdaq up by 10 and 25 for the year, respectively. But they have seen their gains whittled away over the last several sessions too. The vix hitting its highest level since the turmoil in the regional banks earlier this year touched at about 20. Havent seen that in a while. Gr granted this is not the serious fear factor you get into, but we had an incredibly low vix for quite a while. Youre going to see that elevation, concerns about what happens next and people asking what are the odds of a Government Shutdown come november 17th. Thats the new deadline that is there and without a speaker of the house at this point, those odds jumped significantly. You also see that playing out in the treasury market where the yields pretty much across the board hitting the highest level since 2007 once again. You got the tenyear now at 4. 815