Whenever you get an inversion like that, it tends to signal a recession within the next year to 18 months. This is the most in verdict it has been since 2007, which was the year the u. S. Did go into what ended up being the worst recession since the great depression. Nobody is predicting a severe outcome this time, but it is probably the loudest and clearest signal there is trouble ahead. We will talk about what relation that might have with the currency wars. In the meantime lets go to Kevin Cirilli at the white house. The president is in dayton on his way to el paso. What is the reception he is getting . Andn some residents Prominent Community leaders have asked the president not to attend either of these communities. That send, there has been politically divisive rhetoric that has engaged on the 2020 democratic president ial campaign trail, notably from beto orourke. At aroundent, midnight, tweeting out a political attack against beto orourke, calling him phony, among other things.
Capital hill testimony from fed chair Jerome Powell where hi alled a potential cut in Interest Rates later this month. Health care stocks also contributed to the rise. We willhy explainn a moment, but first the closing numbers for this thursday with the ge Industrial Ave gaining 227 points to 27,088. The nasdaq was down six, the s p addedix bob pisani has more on the recordsetting day. Reporter another day,ot r market milestone. Investors cheered comments from the Federal Reserve signaling that a rate cut is likely just ound the corner. The dow crossed about 27,000 for the first time today and the s p 500 movedust to the edge of 3,000,nt fraction of a poi below it. Close enough. What a difference five yearss. Ma the s p has moved 50 in less than five years from 2000 in august of 2014 to 3,000 essentially this week. The market today is different than it was in 2014. Investors have played favorites in a very big way, big tech and faang names dominate among the winns. Amazon and netflix u
Comcast supports cspan along with these other television providers, giving you a front row seat to democracy. Governor john carney spoke about infrastructure during his annual state of the state address. He also urged lawmakers to pass spending restrictions. This runs 40 minutes. Inutes. [applause] [cheers and applause] [applause] welcome, governor carny. If everyone, please be seated. Welcome, governor carney. Everyone, please be seated. Madam speaker, i am not sure if they are happy for the service that we have had together. Madam speaker . Mr. President pro tem . Members of the General Assembly. Other members of my cabinet, and distinguished members and invited guests and my fellow delaware indians, thank you for joining me for the state of the state address. I am sorry, it is a little bit late. Let me recognize the historic nature of todays event. For the first time ever, a female speaker of the house is presiding over the same state. Speaker longhurst and her majority team, majori
Day ago, down 0. 4 . Two year yield still firmly above the 5 level on the week. You have a two basis point move lower on the day. However, again, we have the big meeting just two hours from now. 10 year yield has been above 4. 60 all week and now today even with a two basis point move lower, 4. 65. Banks soaring after posting better than execute results and exec it is outlining a goal of being better in 2025 following expected losses this year. It is surging now more than 31 . On the other hand, you have starbucks. Sales fell for the First Time Since 2020. The chain cut annual guidance for a Third Straight quarter, lowering its fullyear year Revenue Growth forecast to a low singledigit percentage. You have starbucks now plummeting about 17 . Back to the fed because the kkr cfo who i spoke to earlier today said he is pessimistic you can see any rate cuts this year. We are seeing goods inflation come down. We are seeing sheltered inflation come down. We are seeing Core Services inflation
Show. One puppy will not butca f will. Aiahom fetal alcohol syndrome so he has special needs. And all he ever wanted was his own cat. How about four . Santa went big, from zero to four. Theould get these four on the sleigh on Christmas Eve so i needed to bring them to you early. Turns out he doesnt have to wait for christmas. It dawns on him, the cats theyre here . [ bleep ] [ bleep ]. He gets so excited. We have to waste no time. First one he goe it. Check it out. Theres one, two, three. One of them immediately comes over to him. Thats like a giant st. Bernard. Thats a great christmas present. Has his work cut out for him for the months to come. Mom, i got a cat mom i got a cat thats it for todays show. Well see you next time. The suspect in the new york city subway bombing set to make his first today. Immigrant is still hospitalized with severe burns. The 27yearold allegedly mocked the president on facebook before posting, you failed to protect your nation. I faces multiple charges,