Sector, that is a slowdown. One hour from now, well know. Watch that market. Right about the same time, the president will begin his trip to florida, where he will make a speech, i think the title ought to be protecting health care from socialist disruption. Its probably not called that but im making free rein here. Usually when the president leaves the white house, he speaks to reporters. He may address the economy. Whatever he says, youll hear it and it will probably move the markets. Theres news on the president ial campaign. Bernie sanders is recovering from heart surgery and has canceled Campaign Events until further notice. Obviously, there are questions about a 78yearold facing another year of grueling campaigning. Joe biden is taking a hit in the latest polls from his son Hunter Bidens business dealings in ukraine and china. Heres my opinion. Its now Elizabeth Warrens nomination to lose. Heres another opinion. That should worry wall street and it should really worry moderate de
On capitol hill. This morning, Maxine Waters goes right at Facebooks Libra. Finally, bitcoin comes back down to earth. So there you have bitcoin at 9,400. So question, hows the market doing . As in the stock market . Look at this. No selloff. Still holding right at record highs. The dow well above 27,300 and the s p stays right there at 3,000. You want some action . Wait until you see the latest tweets from mr. Trump and wait until you see joe bidens polling numbers. The latest. Varney company is about to begin. Stuart hes not letting up. The president piling on with this tweet. Hammering away, here we go, the democrats in congress are getting nothing done, not on drug pricing, not on immigration, not on infrastructure, not on nothing. So much opportunity yet all they want to do is go fishing. The American People are tired of the neverending witch hunt. They want results now. Okay. Got that. Senator john kennedy echoing the president s remarks. Roll that tape. I hesitate to contribute
The trade fight drags on, theres going to be a recession by next summer. Right before the election. Both sides have dug in. All signs point to a lengthy fight. Thats that. Now the market. Following that huge selloff, we have a modest comeback this morning. Down 767 yesterday, maybe back up 100, 200 for the dow at the open this morning. The s p was down, what, 2. 5 yesterday. Its coming back this morning, less than 1 . The nasdaq which was down 3. 5 yesterday, back up 1 this morning. This is not a robust rebound so far. Modest, at best. Check Interest Rates. The yield on the tenyear treasury this morning coming in at 1. 75 . By the way, more rate cuts likely coming from the fed this year and rates in europe are still heading south. Hard to believe. Hardly any government over there pays any interest at all. As for the flight to safety, the price of gold this morning at 1478, up another couple of bucks. Oil, not calling that a flight to safety but a key indicator, 54 a barrel. So how you
November 30th, 24,000. 25,000 this week, well, we are very close. The latest gains are all about tax cuts, the house votes today, it will be a yes. The senate votes later today or tomorrow, yes, looks almost certain. The president could sign it into law on or before christmas eve. Yes, this has been a remarkable story. Weve had a frontrow seat to financial history. What a ride . Get ready for another big day, we are running right at 25,000 and Varney Company is about to begin. We are moments away, literally from white House Homeland Security adviser tom bosset holding a briefing. He is going to publicly blame north korea for the wanna cry cyberattack that crippled Computer Systems around the world. We are going to watch this to see if calls it act of war, important, ashley. Ashley very important. This virus that link back to north korea went out on may 12th, computer worm with ransom ware. More than 200,000 and ep crypted the encrypted the data and the ransom part, you pay us money and
Vote. Donald trump pushing hard for a yes vote. He says there is still time to do the right thing. He tweeted republicans should step up to the plate, crunch time has arrived. Todays vote dominates politics. How about money . A race to be the richest person in the world, jeff bezos close to exceeding bill gates after another high for the stock. Amazons founder is 3 billion behind. This guy, mark soderberg, is worth 70 billion. Facebook stock hit another record high and that stock has made him an extra 20 billion this calendar year. Watch out larry page and sergei brin, the google guys, their stock will come down and network will take a minor hit. The money story of the day, the massive wealth and power of the five Big Technology companies, the political story, the senate vote crucial to the Trump Presidency and political future of the Republican Party, highstakes indeed. And we are looking at another new high for the Dow Jones Industrials, up 100, 29 minutes from now. Varney and compan