Same with the nasdaq up about 60 points. Close to 1 . Here is the big stock news of the day. To stand out retailers. Target and lows. Both did very well in the profit report earlier this morning and consumers have money to spend and their spending it. It is the giant retailers who are responding best to Amazon Online challenge. Look at the two stocks go. 70 up for target and 12 for lowes. That is valid. This is not a race, i will ask you anyway. How much do you have in your 401k or you are away . I hope youre one of the hundreds of thousands of people who have at least a million. According to fidelity, 196,000 have 1 million bucks in the 401k and 179,000 have a million in their ira. Those are Record Numbers. The u. S. Drone has been shot down over yemen, it was an in queue nine drone otherwise known as you reset. It is been a long time since this kind of incident and that is true today. Without going on in the gulf oil is up just 30 cents. Stay there place, the latest on greenland. Var
Quarters of any publicly traded company and it lost 5 billion. The ceo says 2019 will be the worst year the losses, he says, will come down in 2021 look at that stock, down 8. 5 below 40 a share. Interest rates, the yield on the 10year treasury is 1. 69 , this is the worlds bench mash Interest Rate, and is this week s volatility, thats disruptive Financial Markets worldwide 169 right now. Here is the good news, rapidly falling Mortgage Rates you can get a 30year fixed Rate Home Loan for 3. 6 . Youre going to see a lot of refinancing action, and in a moment, youre going to see whats happening to Mortgage Rates in denmark. Okay, okay, okay, i know youre not likely to be buying a home there but when you see the rates , you might want to get into that market. Then theres joe biden, gas machine. Two of them. First, he said, poor kids are just as bright as white kids. Then he said, we choose truth over facts. [laughter] today is at the iowa state fair, every democrat will be hoping he doesnt
Bit, there you go, we turned around, we are up about a point. Remember, please, big rally yesterday, big rally friday. The dows going to open virtually flat. It is almost completely recovered from last weeks losses. Its only tuesday. The s p will be down maybe a point. The nasdaq down maybe a point. I will call it flat at the opening bell. In politics, its all about the boycott, divest and Sanction Movement known as bds and designed to destroy israel. The visit by Rashida Tlaib and ilhan omar, both muslim women in congress, is off. The ball is now in the democrats court. Will the party try to sanction israeli diplomats in america . Or scale back the tenyear, 38 billion aid package for israel which was signed by president obama . Its a dilemma for democrats. The party now has an active antiisrael wing that is clashing with democrats who support the jewish state. Great to be back, by the way. Varney company is about to begin. Stuart again, let me show you the futures. This is how we are
That protest organizers have called off saturdays demonstration. Were on it, guaranteed. Think of the timing here. Protest saturday night, maybe. New tariffs on china set for sunday, maybe. There is a connection between hong kong protests and china trade and our market, which by the way, does not reopen until Tuesday Morning. But look, its dorian that is the center of attention, certainly in florida this weekend. Its likely to make landfall monday and blast the state all the way through tuesday. Already, theres been a run on groceries and gas stations. President trumps canceled his trip to poland to be in america when dorian hits. Theres a nasty note here. A former Prime Minister of canada, kim campbell, tweeted that she hopes the hurricane scores a direct hit on maralago. She doesnt like our president. All right. Stand by. The latest on dorian coming up and well have the latest biden gaffe. Yes, there has been another. Varney company is about to begin. Stuart all right. This is happen
The china trade fight is clearly escalated. The president s holding on to a very strong line. Any resolution, it seems to me, pushed down the road. More on that coming up. If you combine the jobs report with the china story, heres how the market opens today. I thought we would be down about 100 points but we are coming back. We are down about 20 points for the dow. That will be 29 minutes from now. Maybe the markets taken the Financial News to mean that the fed can lower rates in the future. 600 points down the last two days, down about nine at the open this morning. The s p down about four, nasdaq down about 44. Tempering the losses. Heres another really big financial story which i dont think gets the right exposure. Interest rates. The tenyear treasury yield all the way down to 1. 88 . Money is pouring into america. Why not . Interest rates in germany today hit a record low. You want interest on a bond, you got to come to america for that and thats exactly whats happening. What a day