We will send joe bidens illegal aliens back home. Right where they belong. Right where they belong. They are going back home where they belong. We start with the criminals and their many, many criminals. Lesson four years ago we had the most secure border in u. S. History. We ended Catch And Release it. Built tremendous numbers of miles of border wont like no one thought possible we took it out of the military i considered it an invasion of our country. I got mexico to send 28000 soldiers to our border free of charge. Do that that was easy to do . I told the president Of Mexico On A 20000 soldiers free of charge to guard the border. Wrote donald o present he thought he was kidding. Because they have to be free of charge i know you will do it theres no question youre going to do if they come to mexico along the drugs which by. Coming through our border that it was four years ago, 10 times greater per exhibit more than that i believe they are estimating at least 10 times. I need your sho
Fighting continuing in israel today. President biden expected to speak shortly to pledge his support for israel. With the chaos in congress, what can the u. S. Actually do . What can they aprop pre yat . Nothing right now. And we are continuing to monitor the market reactions. Stocks continuing the Late Afternoon rally. Bond yields are falling. The dow was up half a percent, three quarters of a percent for the nasdaq and the s p up. A couple of individual names are in the hotels and travel and leisure broadly. Look at these increases. Hyatt up about 7 . Added to the s p mid cap it gives a boost because it goes into the index funds that managers have to buy. Truist also higher. The Company Reportedly in talks to sell the Insurance Business for 10 billion to stone point. This domscomes ahead of earning season. The human toll in the middle east continues to rise as the conflict enters its fourth day. President biden is expected to speak any moment now. So what kind of about what kind of r
Yesterdays gains related to treasury yields tapering off. Coming back down after really watching them march higher. Above 4. 6 . 4. 54 is the yield for the tenyear treasury. We have seen calming down at this point of yields. We will see where that continues. Late last night in washington, lets talk what happened. Republicans passed three of four spending bills in the house and a push to avoid the Government Shutdown. Lets go to Emily Wilkins in d. C. With more on it. Good morning. Reporter good morning, andrew. You are right. There was a little bit of victory for House Republicans. Lets be clear, congress has no plan to fund the government before sunday at midnight. That means we are looking to have a shutdown at this point. The house and senate on looking to have progress today to keep any sort of shutdown as short as possible. The house passed three of the longterm funding bills. None prevents a shutdown. The hope is to build support for a shortterm measure that members will vote on
Flatten. The currency move of the day is what is happening with the turkish lira. A huge move today. We will discuss that later on in the show. Because theres a war going on between the president and the central bank. The last 24 hours hasnt brought much certainty and who will govern germany. Chancellor merkels largest partners expressed no interest in coming together and she said she would rather have new elections they go forward without a majority. Matt miller has been covering each development and we welcome him from berlin. Bring us up to speed. What is going on . Matt you summed it up quite well. The key is she doesnt want to go forward without a majority. The form still prefer a Majority Coalition with either the ftp and the greens or with the std her Current Coalition partner. That seems so unlikely, the ftp having to walk out of Coalition Talks. The stp saying it is no way interested in prefers to stay in opposition. Now the president whom you see here is going to try and forc
Rising for the first day in four with european stocks rallying and volume 25 below the 30 day average. Falling against the dollar and the euro is down for the first day in six. After rising to a threeyear hide high yesterday. Sovereign bond yields are declining and commodities inflation is coming back. 2018 will see a decade of negative output gaps turn positive, if the imfs growth estimates are right. Gapone says a positive tends to stir inflation as labor costs and good prices rise in response to increased demand, accelerating inflation is likely to halt market rallies once right hikes intensified, expectations fall and Consumer Price gains will initially set off advances. Watch inflation in 2018. This is a wonderful chart highlighting the difference between developed market, stocks, and emergingmarket stocks. As you can see, the outlook for , that isarket stocks the blue line, this goes back to 1996. It narrows the gdp performance of emerging markets relative to developed markets, t