A 2 decline for the market. Could that change today . It will be a last crazy two hours of trading. The more important question for you should you be buying the dip. I have best in the business ready to share their strategies and ideas with you. How will the market reacts, say the 10year hits 5 . Jim bianco predicted it. He will tell us what to expect if that does happen. Warnings this is a new era of higher global inflation and it will require major action to combat it, including a much more powerful Federal Reserve. Say it aint so. Biden Administration Takes major steps to outlaw gasolinepowered cars. They say it is about social justice. The new narrative that these are the good old days. I love to hear your thoughts. Are these the good ol days . Tweet me cvpayne. That and much more on making money. Charles all right, so whole bunch of things conspiring to make this a really tough session so far. First of course you just heard talking about these health care stocks. Humana, cvs, unit
Expensive particularly on a shortterm basis. It is fine as one as one stock paves the way, drum roll. You know nvidia will post results after the close. Can they live up to the markets extreme expectations . Everyone is banking on it. Plus signs the Housing Market is in some sort of stage of stagflation. What does it mean for the rest of the economy. Analysts, economists have been saying the consumer is strong, the consumer strong. Somebody better tell target. In fact not just target, they join ad chorus line of retailers all suggesting that consumers are in trouble. Why the apes and the new investor revolution remind me the spirit of the american revolution. All that and so much more on making money. Charles all right, so listen the eerie calm is out there. The market, you know, has, really elevated in many ways. It is on this really big winning streak right now. Im talking about a streak of sessions without a 2 decline, right . This is where we are right now. 313 trading sessions com
Morning when the futures initially plunged. Thats a kneejerk reaction. It could change as the day goes on in part because of the wages. All right, so if you were selling, you must wonder, who was buying . Heres the thing, were going to stop you from getting played by these headlines and wall street group think. Got a great panel for that. Meanwhile, turmoil in d. C. Grabbing headlines, but the beast of burden is the debt load thats going to break the back of our nation. Weve got that covered from wall street to d. C. And the miracle fat loss drug, well, its changing the economy, but theres a morality aspect that is missing in the hype. Well cover it. All that is and so much more on making money. Charles all right, so the jobs report is out, and it is, by the way, it is not a strong jobs report. I dont care what you see on banners on this network, any other network. Its been wide hi reported to be strong. I dont think so. The headline number came in better than expected. Keep that in mi
Breaking right now, stocks in rally mode, right . A little bit of a sigh of relief with this latest inflation read. The gdp number was such a shock. Er. Listen, this market still has a whole lot of unanswered questions, and still we dont know what the fed is going to do. Its hard for them to cut based on this week. Meanwhile, investors are cheering earnings from alphabet and microsoft, both pretty strong. But was the message if really about a. I. . Maybe the life span theres a lot longer than we thought. And President Biden trying to do his best Winston Churchill impression. Unfortunately, his aim is defight americas capitalism. Ill explain that and so much for more on making money. Charles all right, so my first guest says the reaction to the initial read on First Quarter gdp was a little overdone but points out that a higher rates are a risk to equities. I want to bring in chief investment officer, Founding Partner jack, ablin. Jack, i think the good news from this gdp, its because o
before the first 2024 faceoff, and the candidates are taking very different approaches before the gloves come off. president biden is hunkered down in camp david preparing while former president donald trump is campaigning. and as trump is gaining momentum with donors, a new fox poll shows biden s building support with voters who say that immigration and the economy are still among their top deciding factors. so who s got the edge heading into next week? welcome, everyone, i m jack a key deangelis in for neil cavuto, this is cavuto live. we begin in the battleground state of pennsylvania where donald trump is holding a rally tonight. alexis mcadd a also is in philadelphia with the latest for us. hi, alexis. reporter: hey, jackie. as you said, two different approaches. we have president biden out in camp david really preparing for that debate as it grows closer here. in just a matter of days, or he ll be on that stage as former president donald trump is going to be at a te