About 200, nasdaq down 76 and s p 500 lower right now by 24. One of the issues is some weak earnings or forecasts. Ups for example beat on Second Quarter earnings but missed on revenue. The shipping company lowered the annual revenue forecast on soft ecommerce demand and reaching a labor deal with the Teamsters Union for 300,000 employees, Trucking Company yellow also filing for chapter 11 bankruptcy after years of financial struggles, growing debt. The Company Nearly 100 years old, had received more than 700 million from the Federal Reserve in aid during the pandemic. Greg, what do you think this tells us that yellow goes bankrupt, ups today has a weak forecast and misses on revenue . Is this a macroeconomic story . I think a little bit of it is macro, certainly. Look, the economy is evolving and if you look at the last year andahalf, weve had one of the biggest Interest Rate increases that weve seen if ever, not just here in the u. S. , but globally. And when you reprice Interest Rat
Stuart now, this goes back to my generation, hold on, im coming, as we look out at new york city. You look at the bottom righthand corner of your screen, a ladies and gentlemen, and you can see weve got a rally. The dow industrial average is now up more than 40000 points. The 400 points, the nasdaq, 221 to the upside. The nasdaq can up s p, up 51 points. To 10year treasury, the yield there is down to 3. 9 9. The price of oil down a little earlier, 83, almost 84 a barrel. Bitcoin, we add had it at 29,000 and change, 29,6 right now. Thats the markets. Now this. Any second thoughts from the democrats about prosecuting trump . [laughter] too late. Theyve haunched. Theres no going back. Even when there are headlines like this in the new york times. Quote, the prosecution of trump may have terrible consequences. Oh, you can say that again. Jack goldsmith wrote that that, and hes a professor of law at harvard. He doesnt mince words. Trumps behavior is reprehensible and possibly criminal, he s
Weekend. Thank you so much. That great coverage last night if, larry. We appreciate you. Weve got news coming in, lets get right to House Foreign Affairs congresswoman nicole malliotakis. Its great to have you on again. Weve got new developments. The media has been calling out the president s state of the Union Address as abnormal. The angriest, most divisive, most politicized speech ever. News now cocrossing, it looks like President Biden ladies and gentlemen are rised and copied large chunks of his own 2022 state of the Union Addresses. There are 20 lines and more that he kept repeating from prior speeches. You were at the state of the union. Isnt this a sign that this is an age issue . Well, look, i definitely think it is showing not just a cognitive issue, but theres a laziness there. He continues to gaslight the American People and tell them that the state of the union is strong. Twothirds of americans believe that the countrys headed in the wrong direction. They are struggling ri
And with Second Quarter earnings season slowing down a little, were going to discuss why some analysts think this was one of the worst quarters for companies in years. Take a look at the european markets, they are trading lower across the board this morning, see the decline on the dax, down 57 points. In asia overnight, a little bit of a similar picture, markets were mostly lower with the exception of the nikkei, faxal moves there. President trump calling for the recusal of the judge in his election case as he asks for the trial to be moved to west virginia. Hear what state attorney general Patrick Morrisey told maria. And as President Biden returns from vacation to tout bidenomics, a new poll is showing that those exact policies might lose him support in 2024. Were going to get into it. Joining the conversation all morning long, managing director Mitch Roschelle and Pinion Enterprises founder and ceo, joe pinion. Mornings with maria is live right now. Aint no Mountain High enough. Ain
Ready to start impeachment inquiry. Evidence most dajts what happened with Burisma Hunter biden goes onboard simply because conduit to joe biden, there is a Conference Call a business meeting cafe milano joe biden shows up with some burisma executives, there is a Board Meeting in dubai in 2015, where they look at hunter biden say hey, we need help from d. C. Make the call, three months later, shokin prosecutor in ukraine fired and joe biden brags about using withholding a billion dollars u. S. Aid putting pressure on ukraine, to get he the process cuter fired. Jackie devon archer house testimony revealing a letter thenVice President sen sent him in 2011 biden apologizing not able to talk at lun that featured then chinese president hugh, adding a handwritten note happy you are together, joining me South Carolina congressman, a member of the House Oversight Judiciary Committee also, the gop class president great to see you. Thank you so much for being here, lets talk a little bit. Absolu