But that may jobs report from the government is not good. Its a warning shot to congress. Please, get tax reform done. Im going to backtrack for a moment. The president takes us out of the paris clite deal ande says that that will stop the hemorrhaging of jobs. Well, investors went on a tear with all of this. And all indicators hit record highs late yesterday and look at this. For our followers on radio, listen to this, we will open up again this morning, not much, but maybe 30 or 40 points, a new high, another new high. Here it comes. This is not what youre seeing though in the establishment media. Look at this, states and Major Companies break with trumps decision with exit climate accord. Thats the washington post. Our disgraceful exit from the paris accord, thats the new york times. And the breakfast shows on tv were all about the threat to the planet. Theyve got it wrong. President trump did not say Global Warming is a hoax. He didnt question whether humans are warming the planet
Ka Kathy Griffin and the trump hater who scott Steve Scalise and came close to a massacre of republicans. And they use obscenities to describe the president. Theres a sign that its hurting democrats. And there was a fourth republican win and trump hasnt lost one. Despite the talk of russia and spewing of hatred, the president has held steady for Approval Rating of 40 . Thats not great, but thats the back drop this morning. Varney company is about to begin. Frankly, i dont think theres any way this gets negotiated in two years, i think there will be remaining and lasting uncertainty in great britain, but in the u. S. I think its a huge buying opportunity, i would be looking for the great down stories in and i would get in with both feet. Stuart oh, yes, that was former Goldman Sachs partner, varney regular peter kernen, one year ago today, to get into the markets. The day of the british exit vote. Take a look since then. The major averages all of them up nicely with a good assist from t
President s use of his twitter account. 71 believe his tweets hurt his agenda and by the way, this poll was taken before yesterdays tweet. All right, now what . Donald trump is not well, Mika Brzezinski and joe wrote that as well and thats as a result of the president ial tweet. They canceled their vacations and no tweets yet about morning joe from the president. Lets get to the markets, big selloff yesterday. As Interest Rates were rising and concentrated in big tech stocks. Weve got a modest bounce for the overall market first thing this morning. Reality check, investors want the growth agenda. So do voters. But the president s tweets get in the way. Varney company is about to begin. I made a bold prediction, by the end of this month, the price of gas in a half dozen states will be below 2 a gallon. As of now, there are five states averaging below 2 a gallon. That would be South Carolina, oake, alabama, mississippi and missouri. Ashley one more, stu. Stuart one more to go, im saying
Is talking about a very powerful deal on trade with britain, done very quickly. You really have to dig through the endless antitrump reporting, but our president is not out in the cold as the media wants you to believe. Thats politics. Now weve got money. Were looking at a stock market thats hovering close to record levels. Well open slightly flat on the dow. The nasdaq is up a bit though. Please remember the dow is only a few points from its alltime record high. Watch out tonight, 9 p. M. Eastern to be precise, amazon prime days begin. Discounts, special deals for the 79 million american prime members. Big deal indeed. Politics are in total disarray, but your money, its doing okay. Varney company about to begin. All right. Its monday morning, and its july the whatever, the 10th, i think it is. A look at the futures again, please. Were going to be down a fraction for the dow industrials, up for the tech heavy nasdaq. How about this . The yield on the 10year treasury not going that far
Well, after the 24th record high of the year, the Dow Jones Industrial average will open a little higher as of this morning. Up about 10, maybe 15 points, about 28 minutes from now. Now, a couple of big banks have reported their profits this morning, citi, j. P. Morgan, wells fargo. First of all, lets go to the Bank Earnings, bearing in mind that the bank analyst, dick bove on the program said that Bank Earnings will be bad and the end of the trump rally. Liz dick bove is really, really smart, impressive. Long growth came in pretty strong for the banks. Certainly, wells fargo, seeing decent profit numbers coming in and citigroup, j. P. Morgan as well. Now, the trading desk has been a problem for the banks because theres low volatility. When theres low volatility. Cant make money off the trades, but the numbers are coming in strong for the free ban three trades. That means were not going to see the end of the trump rally bearing in mind the Bank Earnings reports from last hour. Liz that