Today. Retailers helped lift investor sentiment. Yes, retail. That same sector thats been struggling to keep up with fastchanging consumer behavior. Four of the five best performing stocks in the s p 500 today were retailers. Then theres the bd market. The yield curve inverted for the second time in a week. Late today t t yield on tenyear treasury bond dipped below the twoyear yield. That also forecasts a recession, and thats when it happened last week the dow fell by800 points, but not today. This time stocks held on to their gains. Fact, the dow was up more than 240 points. It closed at 26,202. The nasdaq was up 71 and the s p added 23. Ail so lets start with r and targets surprise quarter. The big box retailer blew past every wall street estimate focast thrown at it, and thats not something that you hear very often when it cometo retail, which has seen a number of Traditional Stores struggle to figure out whatsu crs want. Target soared 20 , its best n oneday g ever. Its market cap i
Not only did he say that proposed program was impractical he said it would be destructive of american civilization. The new deal would bring destructive changes. Upon which this government is founded. It would break down the savings, the wages the equality of opportunity among the people i would break down our form of government. Free speech does not live many hours after free commerce dies. The new deal with the same fumes of apparition brush in the courtroom. Spread over the whole of europe. If roosevelt were elected. They would grow in the streets of a hundred cities. A thousand towns. Its always good for a few quotations. Indeed it leads to some of my favorite moments of amusement which i did put in the book the have of the Womens Division were marked during the inaugural parade the inaugural parade included a series of men with lawnmowers coming through the streets. Contrary to myth the 1932 election was happily contested. It was very clear which candidate was promising what with
2 2 2 2 2. The global remittance market is growing in its latest novel admittance report for 2018 the world bank finds that while the Subsaharan Africa trails of the developing nations its still saw an impressive growth of 10 percent we go live to washington to talk to economists at the well back. Also coming up soon bob was fall from a once a prosperous economy has yet to hit rock bottom but how much worse can it get. And when in rome recycle as the romans do the city is testing new ecology values for trains conscious. Welcome to this is africa i want to get jones and berlin good to have you with us wherever you are right now because we all know of course that the age old saying sounds like home is where the hottest but it appears that home is also where the money goes and money sent by Foreign Workers to their home countries as one of the largest contributors to Economic Growth in the developing world now that according to the world banks global remittance report for 2018 part of the
Walk across the border and you get health care. If youre born here, maybe not. My conclusion this friday morning is that the democrats are badly divided and are now led by unelectable socialists. Why dont we get to the market. Its going up again this morning, triple digit gain maybe for the dow, pretty close to it. Modest gain for the s p and the nasdaq as well. The dow, pretty close to alltime highs. The president meets chinas leader tomorrow. Huge stakes for both sides. The market seems to be saying because its going up that there will at least be a smile and a handshake. Well see. Wait until you see the mayor of new york city praise che guevarra. What will apple do without the designer of the iphone . Varney company is about to begin. It will be a very exciting day, im sure, for a lot of people, including the world. It will be an exciting day. A lot of people are talking about it. Its very interesting. Its going to come out hopefully well for both countries and ultimately it will wo
Reporter david the white house taking criticism from all sides about the plan to impose a 5 tariff to begin with on everything that is imported from mexico, criticism from mexico, from democrats, republicans, trade groups, as well as republican allies, of this white house, and also a business is upset about this. In fact a spokesperson for the u. S. Chamber of commerce says they are among a group of businesses looking to file a lawsuit over this policy. Theyre using some Emergency Powers and were still frankly trying to understand the legal basis that can be invoked. Reporter and acting white house chief of staff Mick Mulvaney says the president is using the International Emergency economic powers act. That is a federal law. Last night i talked to judge Andrew Napolitano who says that treaties supercede federal law so theres some question as to whether this is legal under the current nafta rules in place. Late today the white house released this statement saying, the president is takin