The first model 3 built in china rolling off the Assembly Line and elon musk tells his employees quote, pay no attention to the stock price, unquote. Im Ashley Webster in for stuart. Varney company about to begin. Ashley lets take a look at the gains for the major averages this year. Wow, oh, wow. The nasdaq, 35 . The dow, 22 . The s p, a mere 29. 25 . Joining us now, market watcher keith fitzgerald. Fitz, for big gains for next year . What do you say . Why not . Oh, i think weve got all the right things in play. Weve got record consumer confidence, great economics, companies growing. This is a great time to be alive and be an investor. There is always a possibility of shortterm correction but you know what, even a busted clock is right twice a day. Ashley more and more of those socalled experts are calling for that correction. Ten, maybe 20 . Whats going to trigger that . Well, you know, its the same old stuff. It could be a misplaced headline, could be a misguided escomputers. They s
They and their leader stalling go beyond the expected. On sending the articles of to do the extraordinary. Take your business beyond. Impeachment over to the senate . Good question, right . Lets ask my next guest. Hes until congressman greg steube. Thanks for joining us. Why this delay . If hes such a threat to everything under the sun, why wouldnt they want to push this process along . You want to talk about tyranny, you can talk about how nancy pelosi runs the house of representatives with the democrats in control. Why is she holding on to the articles of impeachment. In every historical instance of an impeachment occurring, the [ ] articles have been sent after ashley tonight our goes, the impeachment takes place in russia, china and iran joining the house. Forces to conduct military why hasnt she told mitch exercises at the time of heightened tensions in that mcconnell when she intend to region of the world and between sending them to the senate. Tehran and washington. It includes
Tough. In a few minutes, mr. Trump meets face to face with e man yale Marrone Emanuel macron, the president of france. Later he meets the queen at Buckingham Palace. Oh, to be a fly on the wall. The president s negotiating from a position of economic strength. We can wait, chinas in trouble, but investors do not like it. The dows going to be down another 250, 260, maybe 280 points. That would be better than 1 . Same loss or almost the same loss on the s p, down about 27. Nasdaq taking it on the chin to a tune of a 1. 1 . Big deal, big selloff. Another big show on its way. Varney company is about to begin. Well see what happens, but im doing very well if i want to make a deal. I dont know that i want to make it, youre going to find out pretty soon. In some ways its better to wait until after the election with china. But im not going to say that, i just think that. I just tell you in some ways i like the idea of waiting til a after the election for the china deal. But they want to make a
Bullard, a fed governor, who wants a 50 basis point cut in rates in the next fed meeting which is this month. Also helping, treasury yields as of now, not inverted. The dow industrials are going to be up over 200 points, probably erasing all of yesterdays loss. The s p up just short of 1 . The nasdaq up a full 1 . Going up at the opening bell. Now to britain. Boris johnson lost the vote on britain crashing out of the European Union. There may now be a general election and brexit may be delayed until next year. That means a trade deal with america is not coming any time soon. Now this. Winston churchills grandson, a conservative, voted against boris. Hes been expelled from the conservative party which was the party of his grandfather, winston churchill. The chaos continues. This news just breaking. Google has been fined 170 million for illegally collecting information on children, parents were not aware of that collection of information. Separately, a group of state attorneys general wi
Taylor swift following through on her promise to be more political. Her new album just dropped. And so might your jaw when you hear what she is saying now. Trish regan primetime begins right now. Ashley im Ashley Webster in for trish. Trade war turmoil. President trump firing back at china, increasing tariffs on hundreds of billions in chinese goods add beijing hiked its tariffs on 75 million worth of u. S. Goods. The president ordering he american businesses to immediately start looking for an alternative to china. As you can imagine, all the trade tensions sending the market spiraling with the dow closing down 623 points. Steve you yates, and brad blakeman, former Senior Advisor to bush 43. Melissa, let me begin with you. The markets saw a big drop today. The trade war is continuing to ratchet up. Can we expect basically a real rollercoaster on wall street from this point on . I think well have a lot of volatility the next few weeks. You will see times when we have trump tweeting and