Stuart dont impress me much. That is are producers making a comment on the state of the union address. Good morning, 10 00 eastern, straight to the money, weve got a rally going, the dow is up 162 points, nasdaq 125 points, dow 30, right hand side of the screen. The 10 year treasury may be part of the deal, the 10 years down 4. 07 . We also got some tame jobless numbers which is encouraged the market. The price of oil 78 a barrel, bitcoin last time we checked was 677, now it is 68six. Thats the markets. Now it was a blatantly political state of the union message. The president bashed trump without ever mentioning his name, he bashed republicans and blamed them for his policy failures. It was a campaign speech, democrats were chanting four more years, not what a state of the union is supposed to be. He started late. s motorcade was held upon pennsylvania avenue by propalestinian demonstrators and he began with ukraine which that went on for ten minutes. He accused trump of, quote, bowin
Inflation, theres one indicator they follow particularly closely, and here it is. The pce price if index which measures changes in the cost of living for households. In the last year its gone up just 2. 4 , very much as expected. Not hot. Finish the market kind of likes it. Before that the number came out, the dow, the nasdaq, the s p, theyre all way down. Now theyre the up. Nasdaq up about 93 points. Interest rates were edging lower, now theyre just about unchanged. About 4. 25 on the 10year, and the 2year well above 4. 5, oh, yeah, 4. 65 . Oil getting closer to 80 a barrel, 78. 90 right now. Gas is actually up 2 cents to an average of 3. 31. Diesel, down 1 cent at 4. 06. And now here you have it, bitcoin, its had a great week. Where is it now . If 62,999. Ill call that 63,000 the per coin. Poll ticks. Dueling border visits. Biden goes to the very quiet brownsville section. In his remarks he will blame republicans for the crisis. Donald trump goes to the very active eagle pass section
Company. The financial world, this is a bombshell. America downgraded, fitch drops from aaa to aa plus. We are borrowing too much, spending too much, the debt is writing sing and we cant agree on a fix. Love to biden, he thought he got an okay deal in the budget. Its not going down well with investors. America is out of the goldplated club and the dow down when somebody. The nasdaq down 140. Plenty of red ink. The downgrade however, is not affected Interest Rates yet. Ten year treasury yields just over 4 , thats beginning to move up and the twoyear was at 4. 86 and 4. 89. Down a little bit, not much change. Cold is firming, a safe haven only up to dollars, not much of a reaction. Bitcoin is firming, just a little. 28000 yesterday, 29. 4 as of this morning. Heres the other bombshell story. Donald trump hit with a third criminal indictment accused of defrauding the United States, obstructing government officials, depriving people of civil right to vote. This means as things stand now, it
Concerns over future progress, the stock down about 12. Big tech, also but is called google and sharply higher. They are looking to the future and it looks rosy, huge company of 6 . Minor reports tonight assume are to the numbers, meda is doing very well, is it 300 a share. Lets get to the big picture, dow up 12 sessions straight that gained 5 in that time. If it goes up again, the longest streak ever. The dow looks to a loss of 100 words, s p done ten, nasdaq done maybe 50 points. Mark is scheduled for 2 00 p. M. Eastern today when jay powell tells us theres another rate hike on top. Gas prices are starting to rise and rise sharply. Regular 3. 68, nationwide and that is a 5 cents overnight. Diesel is moving up. Up to cents to an average of 392 a gallon. A big day in politics, even before todays court hearing, drama swirling on hunter biden. Jason smith wants evidence of political interference included in the hearing. The judge in the case accused one of hunters lawyers, misrepresentin
Concerns over future progress, the stock down about 12. Big tech, also but is called google and sharply higher. They are looking to the future and it looks rosy, huge company of 6 . Minor reports tonight assume are to the numbers, meda is doing very well, is it 300 a share. Lets get to the big picture, dow up 12 sessions straight that gained 5 in that time. If it goes up again, the longest streak ever. The dow looks to a loss of 100 words, s p done ten, nasdaq done maybe 50 points. Mark is scheduled for 2 00 p. M. Eastern today when jay powell tells us theres another rate hike on top. Gas prices are starting to rise and rise sharply. Regular 3. 68, nationwide and that is a 5 cents overnight. Diesel is moving up. Up to cents to an average of 392 a gallon. A big day in politics, even before todays court hearing, drama swirling on hunter biden. Jason smith wants evidence of political interference included in the hearing. The judge in the case accused one of hunters lawyers, misrepresentin