You big bucks and more. All that on making money. Charles so the market has been seesawing all day long. Really all eyes on the Federal Reserve, chairman jay powell, what he will say tomorrow at the annual conference in wyoming. President trump tweeted about this today. The economy doing really well. The Federal Reserve can maybe it a recordsetting. The question being asked why are we paying much more in interest than germany and certain other countries . Be early, for a change, not late. Let america win big rather than just win. I want to bring in david dietze, moneymap press their chief investment strategist keith fitzgerald. Let me start with you. On one hand im sort of impressed with the market resolve. Yesterday we had slight inversion. We only lost 60 dow points. Today we had a slight inversion. We dipped little built. Last wednesday we lost 800 points. What is the message of the market right now . Historically, believe it or not, charles, this is actually a bullish indicator. Wh
You very soon. Theres this. Another College Cheating scandal. It seems some wealthy people transferred control of their children to other less wealthy people so they could claim Financial Aid from colleges. Again, big story. Full details coming up. The market heading lower after a series of china trade tweets from President Trump. Hes disappointed that china has not yet bought our Agricultural Products and hes speculating that china is waiting to see who wins in 2020 before making a deal. Not a good idea, he says, because when he wins, it will be a very tough deal or no deal at all. So look at this. We are going to be down, what, over 100 points on the dow industrials, down about 16, a half percentage point on the s p, and the nasdaq getting close to a 1 decline. We are off all across the board. Then theres beyond meat. Okay, sales quadrupled but investors were shocked that the company will issue another 3. 25 million shares that dilutes existing shareholder value and down goes beyond
Like it or not, we are big spenders and big borrowers, too. Now look at this. Boris johnson is the new Prime Minister of great britain. In a gracious victory speech, he said he would complete brexit, unite the country and beat the socialist jeremy corbyn. Hes the first to admit he has an uphill struggle but hes got a sense of humor and reminds me very much of donald trump. More on boris coming up for you. Look at this. Stocks going up again this morning. A series of Solid Earnings reports are clearly helping. Two dow stocks, cocacola, united technology, they are standouts. Obviously helping the overall average. Profits across the board are strong. Stocks also getting help from the budget deal. The governments not going to run out of money and they can borrow. The dow is going up triple digits, about 100 points. S p up 11. Look at that nasdaq, up 33. Thats close to a half percentage point gain. Summer doldrums . Not here. Varney company is about to begin. Stuart a little time with me. I
The trade fight drags on, theres going to be a recession by next summer. Right before the election. Both sides have dug in. All signs point to a lengthy fight. Thats that. Now the market. Following that huge selloff, we have a modest comeback this morning. Down 767 yesterday, maybe back up 100, 200 for the dow at the open this morning. The s p was down, what, 2. 5 yesterday. Its coming back this morning, less than 1 . The nasdaq which was down 3. 5 yesterday, back up 1 this morning. This is not a robust rebound so far. Modest, at best. Check Interest Rates. The yield on the tenyear treasury this morning coming in at 1. 75 . By the way, more rate cuts likely coming from the fed this year and rates in europe are still heading south. Hard to believe. Hardly any government over there pays any interest at all. As for the flight to safety, the price of gold this morning at 1478, up another couple of bucks. Oil, not calling that a flight to safety but a key indicator, 54 a barrel. So how you
Individual stocks literally minutes from now. All right. Watch out, google. Peter thiel is coming after you and so is the president. Thiel appeared with Tucker Carlson last night. He wants the fbi and cia to investigate. He implies google is a National Security threat. He thinks china wants to infiltrate googles Artificial Intelligence operation. He offered no evidence of that infiltration. Now, thiel is a very powerful man and the president has been listening. About investigating the company, the president tweeted the administration will take a look. Googles stock this morning, this tuesday morning, premarket, down eight bucks at 1142. Watch out facebook and its libra currency. The treasury secretary has quote, very serious concerns about its use by terrorist financiers and drug dealers. Theres a hearing about it on capitol hill this morning. Facebooks stock this morning premarket is down only a fraction. A mere fraction. Is this a joe biden gaffe . Hes made promises about his Health