Without getting technical, the shift in Interest Rates has raised the risk of recession. Bad news for investors. The dow is going to be down 370 points. That means we are down about 1,000 points from the middle of last week. The s p 500 down maybe 45, 1. 5 , and the nasdaq, thats on track for its longest losing streak in three years, down bigtime across the board. Look at this. Talk about a flight to safety. Money pouring into u. S. Treasury bonds and yields are tumbling. The tenyear, the benchmark Interest Rate, now yields just 1. 78 . If theres any Silver Lining here, its the likelihood of even lower Mortgage Rates in the immediate future. The price of gold, that is a sixyear high. That is also part of the flight to safety. Bitcoin, bitcoin, money is flowing in there, too. Its back to 11,800 per coin, up more than 20 in the last week. Heres what we have to start the new week. A currency war, a prolonged trade fight probably, a stock market selloff bigtime and a universal flight to so
Everything. You know, weve had a security guy coming at night. But you know, leaving might be the only option in the end. Reporter why do you think so . Because i feel like, do i want to live like im in fort an knox . My 12yearold daughter is scared to go to the Ice Cream Store one block away because of having to walk past so many folks shooting up in broad daylight who are ming and pooping is in public. Its disgusting. Theyre harassing and scary. She cant one block to the ice creep shop. Thats not right. Reporter angela is not sure how they got in but she did find a window pushed open. Police say no arrests have been made. Cue massey aaron, kind changes s made to keep herself and her family safer . Reporter she said she was so afraid of being at the house, she hired security to watch her house at night. She was that afraid of anything happening. I spoke with that security officer. What he said he saw watching overnight coming up at 5 00. Thank you so much. In the east bay, Livermore P
the dow up maybe 60 or 70, s&p 12, nasdaq, nice gain there, up nearly 60 points. that s premarket. president trump is now on his way home from that global elite compound in davos. he left quite a mark. in fact, he dominated the whole thing. america s extraordinary economic performance stole the show. instead of obsessing over climate change and income inequality, the high and mighty were forced to recognize the success of american capitalism. they know that we are helping them. but again, we have this contrast. while our president strides across the world stage, back home, there was an ugly display of back-biting politics as democrats try to throw him out of office. it will happen again today. day two of the impeachment trial set to begin four hours from now. but don t worry, we will watch it for you. sit back and watch the good stuff flow. varney & company is about to begin. i didn t want to do china and europe at the same time. i said let me finish china first and when i
Thats right. [applause] i used to say that, i had fun with that but we are winning, were winning again, were winning a lot bigger than anyone ever thought possible for such a short period of time. For too long our tax code has incentivized companies to leave our country in search of lower tax rates. It happens. Many, many there going all over asia. They are stopping. They want to take advantage of what is happening and what were about to pass hopefully. My administration rejects the offshoring model. In other words, lets build a factory in another country. Isnt that wonderful . That really helps us a lot. Fire everybody and lets build the product and send in without tax. That model never worked for me. It shouldnt have worked for any of other past president s, believe me. New model is american model. Call it the trump model where we build it here. As much as possible we build it here. Simply put our tax plan is antioffshoreing and 100 worker, 100 pro america. [cheers and applause] unth
It is already packing max wind speed of 120 miles an hour, harvey is expected to drop up to 3 feet of rain in some areas and could deliver as much as a 15foot storm surge. Governor of texas has declared a state of disaster for 30 counties in the storm as path, harvey is expect to make land fall late tonight or early tomorrow morning. I want to take you out to graphics and see what harvey looks like, satellite enhanced satellite shows that powerful storm very well defined eye wall, just off of the texas coast, moving, very quickly, toward shore. If this storm had more time to strengthen it would justin to do so, water vice warm, the element really conn dues turf future development. It is a category three major hurricane sustained wind at 125 miles an hour as it sits off the coast of texas, central pressure 941 millibars and moving inland. By tomorrow afternoon it is inland and harvey could loop back around in the warm coastal waters of the gulf of mexico restrengthening and notice next