Bullard, a fed governor, who wants a 50 basis point cut in rates in the next fed meeting which is this month. Also helping, treasury yields as of now, not inverted. The dow industrials are going to be up over 200 points, probably erasing all of yesterdays loss. The s p up just short of 1 . The nasdaq up a full 1 . Going up at the opening bell. Now to britain. Boris johnson lost the vote on britain crashing out of the European Union. There may now be a general election and brexit may be delayed until next year. That means a trade deal with america is not coming any time soon. Now this. Winston churchills grandson, a conservative, voted against boris. Hes been expelled from the conservative party which was the party of his grandfather, winston churchill. The chaos continues. This news just breaking. Google has been fined 170 million for illegally collecting information on children, parents were not aware of that collection of information. Separately, a group of state attorneys general wi
Extraordinary development. The former new york fed president says the Federal Reserve should not quote, bail out an administration that keeps making bad choices on trade policy. Hes gone political. Dont lower rates to help trumps reelection . An antitrump guy urging the fed to work against President Trump . You got to sthak yohake your he that one. Unfortunately, thats what most financial people are saying today. Hes wrong. Now the market. Even with a sharp yield curve inversion, stocks show a small loss. Down 40 points. Remember two weeks ago, when the inversion appeared, the dow dropped 8800 points in one day. Now the market shrugs. The dow is going to be off 40, s p maybe four, nasdaq down 17. Marginal fractional losses. Weve got a lot more for you. Boris asks the queen to suspend parliament. And a new poll, how is joe biden doing now . Varney company is about to begin. Stuart all right. Here are the latest results from the quinnipiac latest poll. The democrat field, biden 32 . Warr
2018 financial crisis. Are there parallels or is that way overdone . Were on top of all of that. Lets get going. Welcome, everybody, im neil cavuto. Edward lawrence at the white house now with the back and forth on the trade front. Increasing youre hearing from firms like Goldman Sachs, we might not get a deal before the 2020 election, if after that . Reporter looks that way. Both sides digging in. Negotiations with china could start but not over trade but over currency. The Treasury Department labeling the china a currency manipulator. Treasury secretary Steve Mnuchin will work with the International Monetary fund to level the competitive or unfair advantage, level the Playing Field there the treasury, imf acts an intermediary, a forum for the exchange of these conversations between china and the United States. The Treasury Department has a number of suggestions already for china. First they want to lower the trade imbalance with the u. S. Second be more transparent how the exchange r
Tariffs put on hold as china agreed to buy more Agricultural Products in exchange for taking smartphone maker huawei off the u. S. Blacklist when it comes to u. S. Companies selling to huawei. But were told that huawei was a National Security threat over and over again over the last few months. Which is it . Former deputy trade representative is here exclusively to explain how huawei could go from enemy number one to just another chip in the trade war and it went so overnight. July 4th fireworks turning out to be a dud for the dow. We do have good news. The good news is the s p 500 right now is on track for its 95th alltime record high close since election day. If you just look at the dow which is up 42 points, it was within 28 points of hitting dow 27,000. That was before noon. Nearly all of those 290 points in gains have shrivelled away. Plus are American Farmers the big weekend winners . Which farmers . Very unspecific right now. We will pick some of the winners here. Irans Nuclear
Made. Police are asking for the publics help. If you have any information at all youre urged to contact police. Live outside Chester Police headquarters, nicole brewer, cbs3, eyewitness news. Nicole, thank you. Well neighbors in ocean country cleaning up and checking out the damage after torrential rains caused big time flooding. We have some eyewitness video right here shot from the downpours, as they were flooding the streets. In Toms River Police rescued two dozen drivers stranded in flood waters. Waters surrounded some homes neighbors say this happens too often. Just totally ridiculous, that this is what we have to put up with. Cant even get in your own driveway to park because the water is just way too deep. No one was seriously hurt. But police do expect some roads to stay closed today. Of course, that reminder, if you see a road with water on it do not drivethru t right now we check in with kate toy see if we have more storms expected today. What do you think katy . Looks as tho