Manufacturing, down 1. 3 million. Overall, whats striking is how fast we descended into a depressionlike situation and of course, we want to know how fast we are going to recover. White house economist larry kudlow will join us in just a few minutes. Is this as bad as it gets and whats the timetable for returning to growth . We will ask him. Before the news came out, the dow futures showed a gain of about 250 points. The moment we saw the numbers, dow futures were pretty much the same. We have now moved up a bit more. We are looking at a gain of 284 points but remember, these numbers were expected. They were already baked into stock prices. Stocks are up because investors are looking to the future, where the economys in recovery mode, and theyre looking at, what, 7 trillion worth of stimulus. That always goes down well on wall street. As we said, the dow up 280. The s p up 33. The nasdaq up 87. Lot of green despite the terrible numbers. Obviously, this is a big day for your money. Its
Despite it all, were close to record highs. Free speech is in the news. Nba commissioner, he stood up to china. They wanted the Houston Rockets general manager fired after he tweeted support for the hong kong protesters. Adam silver told them were not going to do that. Free speech item number two. Facebooks Mark Zuckerberg, he says hes not going to Police Political speech, and hes not going to ban Donald Trumps tweets, as Kamala Harris demanded. Big deal. Big show. Youre going to hear what the president had to say at his big rally last night. The brits, well, theyre on the brink. The brexit vote is hours away. And alec baldwin slams the demonization of wealth. What . Varney company, the very special friday edition, is about to begin. After decades of economic surrender, i have taken historic action to confront chinas rampant trading abuses and weve made great progress and our relationship with china is fantastic. But now were taking in billions of dollars. Theyve had the worst year the
Have a spending problem because we spend too much money. What about being on trial and an all trial in court and in the polls it shows its not hurting him. Restraining israel and r emaining in their borders and having iron dome resupply and thats it. Theyll sit there and wait to be hit. This makes no sense. I want cases decided on the merits and not on politics but theres Thomas Mancino question z georgia is. Less hostile terrain for donald trump. Its willingness to use the fight of the jewish people f ighting for political benefit and turn around and kick israel in the face. And my big concern for biden is the policies. Stuart i know that song. Tempations and its 60 degrees on a cloudy day and its 11 00 eastern time and nasdaq up 30 and s p up 18. Big tech northeastly higher this morning. All of them are higher except for alphabet down a mere 20cents. The rest are up. 10year treasury yield, 4. 5 . No, down a bit at 4. 48 . Now this, how does he get away with it . He sits down for a ra
Futures up 50 points before the incident, then we dropped to a minus 35 minus 10, now pretty much a recovery, we are up 40 points at the opening bell, there was no impact at all on bitcoin, that is about as volatile market you can get no impact, futures trading began yesterday on cbo global marketplace started 15,000 as there are now the price is around 16,000 dollars. Of them bitcoin perhaps gained some respectability now that traded on established Exchange Price action huge up and down moves, it is i believe you the latest highly Disruptive Technology vote alabama tomorrow pols suggest roy moore has small lead active sport of President Trump if elected faces immediate ethics investigation by senate but cannot be denied his seat. Yes, it is a very big day, two weeks before christmas, Varney Company is about to begin. Explosion in Port Authority, are a of new york city, earlier today and liz following it. Around one of a. M. , the incident possible pipe bomb strapped to suspect now in
Trump. Hoped former fbi director james comey would deliver the evidence, but several news sources say he will not deliver. He may make the white house uncomfortable, but watergate its not. Now this. Terror hits tehran. Authorities in iran report an attack on parliament ap the khomeini shrine. A female suicide bomber said to be involved. Reports of hostages taken and 12 dead and isis claims responsibility. Terror in london. Prime minister theresa may takes a much stronger line, restrict the freedom of movement of known suspects, even if theres insufficient evidence to prosecute. If the law wont let do you it, change the law. The brits go on offense. This is big change in antiterror policy. Its wednesday morning, Varney Company is about to begin. I mean longer prison stens for those convicted of terror row la tower related offenses and deporting terrorists back to their own country. And i mean doing more to restrict the freedom and movements of terrorist suspects, when we have enough evi