To discuss trade deals with several of his counterparts. As overshadowed by what was going on in washington where House Speaker nancy pelosi on tuesday announced a formal impeachment inquiry into the president Public Relations about terms conversations with ukraines president. In a july phone call, trump asked if his critics would push him to investigate the President Joe Biden and his son concerning hunters business interest there. Pelosi said the president violated the constitution by soliciting the foreign leader. They suggested hes withholding u. S. Aid to the country of ukraine didnt cooperate. President called this harassment and it witchhunt think he did nothing wrong and biden should be the one to be investigated. The president did delve into bidens intervention in the country. But there wasnt explicit into the question or assistance to ukraine. Also denies any wrongdoing. What is this continue turmoil mean for the states . And the key issues facing the country, especially park
Ive got a feeling. That tonights going to be a good night. That tonights going to be a good night. That tonights going to be a good, good night. A feeling. That tonights going to be a good night. That tonights going to be a good night. Lauren welcome to fbn a. M. Im hope its a good morning as well as a good night. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lauren lets take a look at how your money is moving. Final quarter of the year and stocks are higher, dow surging 84, s p up 7, nasdaq building by 28. Cheryl protests in hong kong on the 70th anniversary of the rule of the communist party. The kospi is showing a gain. Lauren will the u. K. And eu be able to get a new brexit bill in time . The ftse is down 8 points. Cheryl as we kick off the month of october, investors are place bracinbracing for what has historically been a volatile month with events like black monday in october of 1987 and the 2008 financial crisis. Some are warning the impeachment inquiry with Pres
The Fourth Quarter and also this week we will get the first glimpse oncoming quarter on friday with new jobs report, so we talked about this last week and looks like the economy has slowed a little bit and we have to see whether we get confirmation of that with the data that come out in the next few days. The earnings and the guidance obviously as usual will be important but now the democrats are turning the story, so far no reaction from the markets but the markets are now accusing President Trump of soliciting additional foreign assistance, this time from australia to investigate the origins of the Mueller Probe. The story in New York Times, the president public told reporters in may that he asked attorney general william barr to look at variety of countries potentially involved in the 2016 election. House democrats subpoenaing the president s personal attorney for documents and said Senate Majority Mitch Mcconnell would have to take Impeachment Vote if it makes its way to the senate
Or should we focus on going into a new we . 850 million in assets under management. Hoping to cross 1 billion. Im happy youre here with us to talk about what went on in the market this week. They set the high end but i think you take a step back a bit, the company was started seven years ago raising money. We had the ceo on your program a couple of years ago valued at 300 million they came out at 8 billion and the stock pulled back ten or 11 . Step back a couple of years, its not a bad trajectory, its awesome if you buy on there, not so good. A lot of these companies dont have any profits. When youre still generating revenue and you dont have any earnings, its a debate on whether or not you should invest in that company. Not to disagree with steve, i love his book but i think its accompanied by companies. When people talk about a bubble in the private markets, thats where i like to push back. There are companies where you can make a lot of money investing. I think theres a lot of oppor
Continuing a trend that shows so far, university of michigan sentiment, other surveys were doing okay and things are going okay. In the middle of all of that, you have a report out of fedex saying were not doing okay. Telegraphing problems because of the trade war. The trade war is one of the big reasons why the fed will supposedly move today. It is all in what the fed lays out after it makes its move. The consensus seems to coalesce out of quarterpoint cut to Interest Rates. Would bring overnight lending rate from 1. 75 rate to 2 , from around 2. 25 we are right now. That can jostle wildly. Lets get the read on all of that Charles Payne, thank you for helping out on your world yesterday on fox news. What do you expect first off . 25 basis point rate cut in part because the wall street expects it, to such a degree yeah it is. If you think a trump tweet is tough, wall street selloff of several hundred points. I mean they, they really have the market cornered when it comes to temper tant