i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it s my job to develop, apps and tools that simplify your experience. my name is mike, i m in product development at comcast. we re working to make things simple, easy and awesome. nancy pelosi is swearing in members of the house of representatives now. that s what we re watching. it will be going on for a while. i ll keep going back to this. look at the right of your screen. the dow off 626 points. i feel like that s right around session lows. we re going to talk about that in a second as well. nancy pelosi warned president
apple has said its growth is slowing, and in part, it blames global growth and in part of that the trade issues with china. so the markets have been suffering lately because of trade. apple is saying trade is affecting apple s stock, and hence that is now affecting the markets. we ve got a 2.6, almost 2.7% drop on the dow today. the s&p 500, which as you know i like to look at a little more because it looks a little bit more like our viewers portfolio is down 2.25%. the nasdaq is a tech heavy index. it s down 2.5%. we are very near the session lows right now so early in the day. i m quite concerned about where this goes. as you know, the president said don t worry about this market stuff. it s a glitch, but it s not disconnected. apple is saying it s got global growth problems in part because of the trade. delta has come out with a revenue warning. again, people are saying probably slow global growth, slowing global growth. those things are piling into the market. the sentiment is all
it s a good policy. we ought to get it right and not just pretend because the president gave a speech during a campaign and said we re going to build a wall and mexico will pay for it. starting in january, a whole new dynamic here on capitol hill with democrats leading the house. shep? shepard: mike emanuel reporting live from capitol hill. one more thing on budgets and spending. hear, this relearned this from the treasury department. in the month of november, the government spent twice what it took in, spent double what it collected. a live look at the dow now. off 381 on the session. well off session lows. the fox business network s gerri willis is with us. what a turn around since this fed rate announcement. yeah. 700 points all in. we were up 360. now down 400. big move on the dow. why nobody likes what came out of the federal reserve today, raising a quarter of a point,
we re on top of dramatic developments. by the way, i want to kickoff on the financial side and could bring to us session lows down 3%. the worst single day performance back to early february. you d have to go back to levels in this market that we have not seen since back in august. i want to step back from this. as bad as it was, we re re-visiting in cases of some stocks that were last seen four to six weeks ago. let me say that the catalyst for this was an improving economy. i know that sounds weird. but a lot of this has to do with the backup in interest rates to address that improving economy. the notion that interest rates are going to have to go back still further and higher. what happens with the markets, they never know how to digest the unknown. that is how much is too much. right now it s the highest we ve
getting closer to homes. crews say weather conditions are improving which they think may help them. and a bear is headed back to the woods after roaming around new jersey for two days. a local news chopper showed that black bear running through backyards in paramus. today animal control officials said they identified and captured the paramus bear and they will release it back into the wild. a down day on the dow, although it has recovered from session lows. neil cavuto will have coverage when our news continues in just 3 minutes. this is fox news channel. ies and visited senior-care communities around the country. and i ve got to tell you, today s senior-living communities are better than ever. these days, there are amazing amenities, like movie theaters,