Has taken yet another extraordinary and unprecedented twist. The full d. C. Appellate court today announced that they will be reexamining the Justice Departments decision to drop its prosecution of general flynn. The activist clintonappointed judge who has overseen this case for two years, the District Court judge who asked the Appellate Court the take the unprecedented action of reviewing the entire case, judge emmet sullivan, a recent ruling from three judges on that same Appellate Court ruled that the case should be dismissed. But the full court has now reversed them as well. Without basis in law, without precedent anywhere in our court system and has set oral arguments for august 11th to effectively retry general flynn and to extend further the judiciary, the judiciarys persecution of him. As if three years has not been more than enough to watch as a corrupt, politically corrupt department of justice and federal bureau of investigation needed the help of the leftwing judges who mak
It sums up everything that you need to know in the markets. Equities are down, which means you are getting a flock into full faith and credit. You are getting massive dollar weakness for three straight days. The weakest we have seen on the dollar since 2018. The story of the week, all about gold. Investors watching back in as a hedge against low rates. Big concern about the trajectory of this economy. As i mentioned, some of that trajectory is coming from the fed. They are extending most of their emergency Lending Program until the end of the year in an effort to support the economy amid the pandemic. The fomc kicks off their twoday meeting in washington with a Rate Decision due tomorrow. We are joined by Kevin Nicholson riverfront investment group, Global Fixed Income ceo. I love days like this where i can get a fixed income guy talk about equities. You are talking about the tactical favoring of equities. How much is relative value, where a dividend yield is worth it to basis points o
Air force. You ran against Kamala Harris for state attorney general. There has been some criticism from the left that she was too harsh as a prosecutor. Is that a problem for her with a left wing of the Democratic Party . Rep. Lieu i do not think so. My advice is never run against Kamala Harris. In terms of her record, you do not get to be elected as the District Attorney of San Francisco and then elected statewide in california as attorney general if you were not progressive. She has a record she can put up against anyone, and she will prosecute donald trump in terms of showing his failures and addressing this pandemic, in terms of creating job, in terms of his failures on the Foreign Policy front. She has done that with other witnesses before her in congressional hearings. She will do that as Vice President. Ticketdoes she help the in this respect that President Trump wants to make law and order a major issue, does she pull teeth on that argument a little bit . Rep. Lieu as a former
Be changing of course were going to be anywhere from mild. So even warm in some spots not hot though were going to be very below normal for this time of year. So i will get to all those details in just a few minutes now back to the news okay. Thank you very much were back at 6 oclock weve got update you on the latest with the coronavirus pandemic. The u. S. Is set to very soon now pass. Another grim milestone with a 141,000 americans dying from the virus across america nearly 60,000 people are currently hospitalized with infection. The cdc now forecasting more than a 157,000 americans will be killed by the virus. By august 8th, and now Health Officials and government leaders are pushing for americans to where masks. Our decisions not our conditions are decisions that will determine our fate and future as it relates to the spread of this virus. Months after the cdc first recommended doing it President Trump is now also telling americans that its necessary to wear masks in fact tweeted a
Nasdaqs going to be up about 60 at the opening bell. From the low of march 23rd to the close yesterday, the value of all publicly traded companies has gone up 12. 2 trillion. You have never seen anything like that before. Next, tesla. Musk does it again. Grabs the headlines with a five for one stock split. That may bring in more Retail Investors. Doesnt change teslas business, but the stock is up bigtime premarket. A gain of 84 bucks per share. Apple announced a four for one stock split a week ago and apple this morning is leading the big tech rebound. Its up four bucks. Then theres this. The big ten, now the pac12 have canceled their football seasons. Looks grim for the college game. This is a financial story. Colleges will lose billions. That virus changed everything, didnt it . Larry kudlow joins us again later. What does he think of a 12 trillion increase in the value of American Business in less than five months . Hes got something to say about it. Hes on the show. Wednesday, augu