Good afternoon im tyler mathisen, thanks for joining us we begin with breaking news on the amtrak train crash involving gop lawmakers outside of charlottesville, virginia. We are from West Virginia near the greenbrier to which these gop members were decamping for their annual summit. Ylan tyler, one person has been confirmed dead in that accident. The train hit a dump truck the person who died was on the dump truck and another person on the truck was critically injured. The washington reports that jeff flake of arizona carried one of the injured into an ambulance with other lawmakers now we could also tell you that one member of congress has been taken to the hospital. We dont know who it is or what that persons current status is. Other people who were on the train were treated for minor injuries now as you mentioned, lawmakers are coming out here to West Virginia in the allegany mountains for the winter policy retreat and a moment for them to reflect and try to turn the president s st
And we were depressed because we were hoping for the classic ending, the come from behind by the way, it looked like the long bomb in the hands of gronk. Had it happened. The twopoint conversion never happened hold on, an end of an era, do you think the moment is past now . I do actually, ill tell you why, you know, the team was actually struggling the whole season you know, pulling stuff off in final moments of every game. Really it happened that way. The defense was weak throughout the entire i agree with that it looked i dont want to be a naysayer, but i think its going to have to be a structural change if that team is going to have to stay in Super Bowl Contention next year most of us want to see the coronation of brady agency the greatest ever. And belichick, the greatest ever we needed that win last night. So coach wonderful, whats your structural change id keep brady. Obviously, they have to keep brady. It was a money decision to whack their number two qb. You know, at the end o
Andy cohen joins us for a candid interview that could have hollywood and wall street talking. A wild day on the markets. Stocks surging 200 points before reversing lower triple digit and turning around and ending at a record high. At the center of the moves today, the dollar. Its crazy look at it its more of an interpreted chart but thats the dollar going lower and lower. The action today coming after conflicting signals from the Trump Administration the us what did clarify saying they believe in a free floating currency, which traders took as a bullish signed traders had only one question today. How low can it go. Is it about to go from tail wind to head wind for stock pete was that you in the video i to not do that. My knees. Okay. I think it has more to do with the velocity. The velocity of the moves though i think is what really matters what is really interesting is the volumes that weve seen so far this year. I was talking about that last week a little bit, too but it continues th
And less cash in home buying and lender underwriting. Weve talked a lot about some loosening in the market. More adjustable rate loans and even interestonly loans coming back. Freddie mac made some changes when it comes to student low debt as well. That should give branks and nonbank lenders a boost in earnings for the year. We actually have more housing data out today. Mortgage makeses edging up ever so slightly 0. 1 last week but existing home sales, thats where i really want to focus in on because they came in quite strong. Right . Yes, mandy. Were seeing healthier sales in june. Prices, not so much. Sales gained a larger than expected 3. 2 in june for the month, up 9. 6 for the year. Thats the strongest monthly pace in over eight years. But they came at a very high price. The median existing home price hit 236,400. Thats the highest ever. It is due to tight supply up less than half a percentage point from a year ago, just 2. 3 million homes for sale. It is also due to more expensiv
Another big asian selloff. China losing 8. 5 in overnight trade and the hang seng in hong kong also dropping 3 . Japan a more muted drop but i think you get the picture. Europe falling as well. Germany and france bearing the brunt of the selling and the drop continues through the usa. We are off the lows of the day but as you can see the dow is moving to the downside by 133 points right now. The nasdaq is off by 46 points. The s p down by 11. The russell 2000 is down by nearly 1 folks, or 11 points. My old colleague now joins us with more on why china dropped so far, so fast. Reporter volatility returning with a vengeance to the Mainland China stock markets. Equities plunging more than 8 . The biggest oneday drop in more than eight years on signs beijing might be backing away from supporting the markets. Concerns over Economic Health soured sentiment further. Data show chinas industrial firms dropped 3 from a year earlier reversing a. 6 rise in may. Index heavyweights including china u