Great depression. Shares of u. S. Bank stocks looking very weak compared to tech stocks which have been guiyang the which have been buoying the rally. What an incredible rally, the huge losses on the back of jobs numbers which we are getting too used to. Taylor it was incredible, looking at some big losses and in the final hours or so, managing to reverse that and post some of the gains. The only sense of caution is tech is not leading the gains. Tech for one of the first few times has been the underperformer. On the downside in the last two days. The good news is it was not leading the losses. You have microsoft, facebook, being held in a meaningful way. When they are not leading the game on days like this when you would expect to see outperformance, that has people cautious about really the strength of the rally. Quickly, saidere if someone was not watching the stocks already, you should be. If you want to believe in the strength of the rally, you have to see the Big Companies start
First to our top story, job numbers came out friday while overall payroll gains were up in july along with a rise in hourly earnings. That wasnt enough to keep stocks out of the red, the worst week of 2019. This as President Trump decided to ratchet up the trade war with china, announcing a slew of new tariffs for the start of september, and dont forget the fed cutting Interest Rates for the First Time Since 2008. A move chairman powell describes as a midcycle adjustment to keep the economy expanding. We have tom thibodeau, the ceo and our editor mike regan. Why were markets caught off guard by the president s escalation of the trade war, when really there has been no end in sight. If you look back to the g20 meeting last month, there seems to be, if not progress, at least 80 escalation of tensions. When we started the week, President Trump was tweeting on monday about china, criticizing them. At that point it didnt seem like he was ready to escalate things with fu catching people offg
President trumps Hush Money Trial. He laid out tons of evidence during his testimony including tapes and emails and photos and calendar events. Impressive. One of trumps lawyers might win a case. Well, outside the court defending trump, he made a fraudian slip. Lets pray for our other side on this shameless prosecution. Good morning. Welcome to morning joe. Its wednesday, may 15th, along with joe, willie and me, we have the host of Way Too Early Jonathan Lemire. You know how long it took us to book him . Years to get stephanopoulos and longer to get Jonathan Lemire. He just wandered . He is a chief columnist. How do you like it . I love it. Dont give me a hard time. Ive been in this seat at least three and a half minutes. Three and a half minutes yeah. Early. Right, you were. Early. Yelling there is that. Im shocked. Im shocked that john couldnt modulate his voice. I usually do that on good morning america. Heilemann is here. Author of the book how the right lost its mind Charlie Sykes
Is a wonderful man. Hed oftentimes have a friend for dinner. Remember the last scene . Excuse me, im about to have a friend for dinner, as the poor doctor walked by. Hannibal lector, congratulations. The late, great Hannibal Lecter. Yeah. Donald trump in new jersey, of all places, praising a fictional Serial Killer. That was good. This is exactly, mika, this is why the Biden Campaign desperately wants to see more bizarre moments like this during trumps rallies. I promise you, theyre more upset donald trump is in trial right now than donald trump, because they know when he goes out on the road, people see, the guy is just not there. He is celebrating a fictional character there who one of the most grotesque, horrifying people of movie history. Yeah. By the way, if youre going to a rally like that, why are you cheering that on . What can you be thinking at that rally other than, this doesnt make sense . That is my point. This is why i disagree with the concern he is in court rather than
About the lives cut short as friends and family try to process their loss. This does not make sense. Makes sense to no one. Good evening, thank you for joining us im dan ashley. Alma dates is on maternity leave. The girlfriend has arrived in the past hour. This is International Airport in los angeles where the flight landed from the philippines a short while ago. Las vegas police call her a person of interest and they hope she can provide valuable clues. They will have questions about the large number of weapons in the home she shared with the shooter stephen paddock. Please also released body cam video showing officers trying to determine the origin of the gun fire. Officials still have not figured out a motive as to why paddock attacked. In the meantime agents from the San Francisco offices of the fbi and atf are in las vegas investigating the shooting. Abc7 News Reporter lana zach is there as well. Reporter good evening, dan. We are learning so many new details, including how many g