Elude people . Why do the talking heads focus fed tapering or even syria when what matters is the recovery in the two regions of the world that used to produce terrific earnings for so Many American companies and thats why the market rallied today. Sure, it helped that maybe there will be no war with syria, but wait a second. This is about international. The dow gaining 141 points about the International Companies in the dow. The nasdaq falling 1. 2 . Nasdaq 100, highest level since november of 2000. Hallelujah lets acknowledge that china and europe are returning, please. Why is that so hard . Weve had so fabulous news out of china excellent stories about target and infrastructure spending. 128 last time and that was like a 10 move. Now on top of all of this, a fantastic chinese export number, 7. 2 growth versus the 6 many were expecting. Just when people had given up on china, and so many other his started to believe that seethrough buildings are the landmark and hallmark of the chine
Hedge the geopolitical dynamics this morning. We begin with a big shakeup in the Dow Jones Industrial average. Nike and visa replacing alcoa, hp and bank of america in the benchmark index. But the markets dow included still facing head winds. President obama making his case for the nation tonight for action in syria. Mcdonalds samestore sales handily beating expectations with europe leading the charge. And just hours from now apple expected to unveil new versions of its iphone and other select products but could it have Something Else up its sleeve . But well begin with goldman, visa and nike being added to the blue chip index at the close of trading september 20th. Theyll replace bank of america, Hewlett Packard and alcoa. The indices says the changes were because of the low stock prices and the desire to diversify the sector and industry representation in the dow. Interestingly, although goldman, nike and visa are all beating the doubt for the year, hp is the best performance compone
Reports breaking overnight that president obamas planning to address the nation this wednesday to outline his strategy for taking on the threat posed by isis. This after his meeting in wales last week where he said nine nato nations, plus australia, have pledged their support, and stand ready to assist in the fight against the Islamic State terrorist organization. The president also planning to meet with congressional leaders, this upcoming tuesday as they return. Congressman Lynn Westmoreland is a member of the house intelligence committee. He joins us right now. Congressman, good to have you on the program. Thank you for joining us. Well thank you, maria. Thanks for having me. Lets talk about the latest out of nato, and, of course, the president has said that the u. S. Will form a Core Coalition to counter isis. Whats your take on that . Well, i think the Coalition Partners are going to wait and see exactly what this president s strategy is. Wednesday when he makes the announcement.
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