We saw weaker thereasury yields last week. The 10year treasury at 4. 7 . The 2year treasury at 5. 07. Meantime, israel and hamas denying reports of a ceasefire to allow Foreign National palestinians to cross the border to egypt from gaza. Today, the temporary border was an supposed to allow temporary aid to enter. It is unclear if the border will open. Last night, President Biden spoke on 60 minutes and warned of the mistake they would make of occupying gaza. We are going to do everything within our power to find those who are still alive and set them free. Everything in our power. Im not going to go into details of that. Were working like hell on it. Senator Chuck Schumer visiting israel over the weekend. He posted on x that the delegation was rushed to the shell toter to await out rocket fired. He plans to lead a Bipartisan Senate package for israel. Lets get back to the congress. The Senate Returns from the weeklong recess today, but without a House Speaker. No legislation can pass
Step in and curb their rise. Hes here with his proposal to lower rates by a full point. The dow has been fluctuating. Up 327 at the highs, up 67 right now. S p is down 15. Nasdaq is down 1 . This despite lower yields across the board. Today, the tenyear down seven basis points from yesterdays close, around 4. 63. As for Bank Earnings this morning, shares all higher on stronger than expected results, but well off the highs. Jp and wells fargo a little more than 3 up. The ceo jimmy diamond noting it was overearning and he expecting that to normalize over time. Pnc, shares are lower by almost 4 after missing on the top line. They beat earnings estimates, but, again, their Loan Loss Provisions came in at half the estimates. By the way, it wasnt just them, the big banks did this, as well. And financials are where we kick it off today. My next guest says hes bullish on the big banks, especially goldman sachs. Also with us, lets bring in frances donald, w. Out with a recession call today. Tha
The baseball legend thats swinging for the fence. A family ended up in evacuation shelters and unable to get their money back. What you need to know if Something Like this happens to you. The news at 5 30 starts right now, thanks for joining us. The president did not mince words, condemning hamas for what he called the sheer evil of its attack on israel. Speaking to the nation, President Biden reaffirmed u. S. Support for israel, confirming that among the close to 2,000 that have died in the fighting, at least americans, 11 of those are among them. Jay gray is in washington tonight with a closer look at the conflict and the congressional hurdled on capitol hill that could stall aid. Reporter with explosions rattling neighborhoods, the skies between israel and gaza filled with rockets, President Biden addresses the nation, leaving no question about where the u. S. Stands in this war. In this moment, we must be crystal clear, we stand with israel. We stand with israel. Reporter American
Everyone. Thank you for joining us. I am Maria Bartiromo wednesday october 11. Your top story 6 00 a. M. On the east coast, breaking news from the war on the middle east entering day 51200 israelis and 950 palestinians are dead this morning including 14 americans, thousands others are injured. Hamas killing more than 40 babies, children beheading some of them. Hillary vaughn tried asking michigan congresswoman Rashida Tlaib about this yesterday. They have cut off babies heads and burn children alive do support israels rights to defend themselves. You cant comment about a mosque terrorists chopping off babies heads. Maria total silence more on this retired two star marine corps general arnold pinero. In mike pompeo secretary to state. Markets are reacting, take a look features are focused on the earnings season as well as Interest Rates. The dow industrials at 55, the nasdaq is a 42 in the s p 500 higher up by nine points. As Interest Rates move this way, take a look at yields. Mix the
Decision in this case is the first time in a court in our nations history has hel that congress violated the appropriations clause by enacting a statute providing funding. This court should uphold the cfpbs funding statute because it is firmly grounded in constitutional text and in historical practice dating back to the founding. The text of the constitution shows that when the framers one to limit Congress Appropriations authority they did so expressly. While the framers restricted appropriationsor the army to two years, they applied no similar limits on appropriations for any other agency. History confirms that. Since the Founding Congress has consistently fundedgencies through standing appropriations that are not timelimited and that provide significant discretion over how much t spend. The First Congress did exactly this at the very first agency it create t customserce, and the same isru for of the founding era agencsncluding the post office, the national mint, the patent office, r