Welcome everybody. Our breaking News Coverage of the market continues now welcome once again to my kitchen. Big rally to end the week on wall street. The dow up about 400 points right now on reports that coronavirus patients are responding positively to a gilead drug. Its tale of two dow stocks today. Boeing surging as it gets ready to resume airplane production in Washington State apple is sinking as Goldman Sachs says the stock could fall as much as 20 on lesser iphone sales. Crude getting crushed. Just how low can oil go . What happened with all those production cuts. Kelly. Welcome. Over to you. Thanks so much. We have full Team Coverage we have a rally, kelly. Its getting harder to push it forward. Were now pushing up against the 50day moving average for the s p 500. Sectors that are most beaten up this week are doing well we highlighted this all day. Finally small caps out performing banks out performing home builders, industrials oil down as much today even the energy stock is r
Brandnew high right there and the nasdaq, poised for another 30 , 30point gain, 9,000, getting close to 9,300 actually, the latest rally very well received the china trade deal, signals new economic relationship between worlds two biggest economists, formers, manufacturers, Tech Companies and they all get help with this and the economy likely insulated from my threat of recession this year. Theres more trade help on the way for the market as well, Mitch Mcconnell says the senate will pass usmca legislation at 11 00 oclock eastern time this morning, so in a matter of days, america concluded deals with four new partners, mexico, canada, china, japan, all good stuff and theres a lot more to come, here is a tease for you n a moment you will hear exactly what senator warren said to senator sanders in the Heated Exchange right after the debate, you know, its fascinating to hear socialists call each other liars, stay right there, its coming for you, promise, Varney Company is about to begin.
Middle class is getting killed, the middle class is getting crushed, the workingclass has no way up as a consequence. The idea that we are growing, we are not growing, the wealthy are growing, ordinary people are not growing, they are not happy with where they are and thats why we mutts enter must change the presidency now. How can biden and his fellow democrats make the case that the economy is terrible when indicators and confidence are pointing up. A tough case to make, they need to make it because President Trump has that going for him. He says the economy, look at the stock market, some people will say thats not in a measure of the economy but 10000 points and they took over in august. Peoples 401ks are booming. That does impact the middle class. Lets look at other factors, unappointed 50 year low, president obama brought it from 10 down to 4. 7 and some say he jumped on the train, thats the hardest little part, the incremental part to do. Third thing how about gdp, and 2016 we lo
Middle class is getting killed, the middle class is getting crushed, the workingclass has no way up as a consequence. The idea that we are growing, we are not growing, the wealthy are growing, ordinary people are not growing, they are not happy with where they are and thats why we mutts enter must change the presidency now. How can biden and his fellow democrats make the case that the economy is terrible when indicators and confidence are pointing up. A tough case to make, they need to make it because President Trump has that going for him. He says the economy, look at the stock market, some people will say thats not in a measure of the economy but 10000 points and they took over in august. Peoples 401ks are booming. That does impact the middle class. Lets look at other factors, unappointed 50 year low, president obama brought it from 10 down to 4. 7 and some say he jumped on the train, thats the hardest little part, the incremental part to do. Third thing how about gdp, and 2016 we lo
Administration to withdraw from the paris climate agreement. Trump begins formal withdrawal from paris trying climate agreement. Potentially wrapping up just one day before the 2020 election. Remind us, what is the paris climate agreement . It is part of the united nate works United Nations agreement to reduce greenhouse kitchens under the notion we have to do something about Climate Change. This paris accord was different than its predecessors and that each country submitted its own nationally determined contribution to reduce Greenhouse Gas emissions. SetObama Administration forth a plan largely based on domestic accreditation that we need to reduce Greenhouse Gas below 2005 levels by 2025. Throughout the years continuing to ratchet down emis sions. Trump camepresident into office he campaigned on withdrawing from the paris climate agreement area it is not news that we are doing this but this is a whole process that takes time. The process for withdrawal has been a threeyear process.