Its an ugly day on wall street, all major averages are down 2 . The dow wiping down 900 points in just two days we are on track for the worst start to the Fourth Quarter since 2008 and tech, one of the worst performing sectors today, check out some of these moves, microsoft, apple, visa, cisco all under pressure for more, lets get to bob posani a slowdown, not a recession thats a consensus will change the way you look at things a week consumer would second the country down for an Early Warning sign, ive been watching these big consumer stocks that have done well the last few years doubledigit gains here, theres some cracks showing. Starbucks has been weaker in the last month its down about 12 . That may not be surprising given how china is in its portfolio. You see some of the consumer giants here. You can argue, go to the defensive stocks these stocks have had large runups this year. That play has already happened these are very expensive names right now, coke, kimberly clark, Procter
Network, all this is happening with the looming democratic impeachment inquiry push. Blake burman at the white house. He has a preview of the president s remarks. Other things may com up. Reporter clearly one of them weve been following what is going down on the corner of wall and broad. That has caught the attention of President Trump as well. He sort of shifted the blame today what is behind what is going on in the market yesterday. He hit one of his favorite punch ing bags jay powell. Today he was pointing the finger at democrats in a tweet this morning, quote, all this impeachment nonsense going nowhere is driving the stock market and your 401 k s down. That is exactly what the democrats are want to do. They are willing the president says to hurt the country with only the 2020 election in mind. That tweet came as nancy pelosi and top democrat on the House Intelligence Committee adam schiff were giving a press conference on capitol hill. The president continuing to call for schiffs
A centuriesold maryland mansion has floated to a new address. The 260yearold building was moved by barge from easton to queenstown, which is across the Chesapeake Bay from baltimore. The owner said he made the 1 million move because he wanted a home by the water. Ive seen on hgtv where they do that with the homes and a lot goes into that. Sometimes the walls or the windows shatter. I mean, a million dollars. He really wanted that home. He really did. A convertible lost this battle with a school bus packed with children in greenville, south carolina. The driver was trapped after rearending the bus but fortunately amazingly only suffered minor injuries. He was charged with following too closely. Another good note, none of the 60 kids in the bus were hurt. Turning now to the trial of charged with murder in the shooting death of her neighbor. She claims she entered his apartment thinking it was her own. Yesterday the jury heard testimony about how easy it might be to confuse floors in that
While futures are off their highs following the release of that complaint but we will still be up about 50 points on the dow, up maybe 4 on the s p, 4. 5 on the nasdaq. We were higher than that before the whistleblower complaint was released. We have come down a little bit but not that much. Look, this is going to be a very big day for politics and of course, for your money. You are going to see Speaker Pelosis news conference. Thats in our 10 00 hour. The speaker owns the impeachment process. She favors quote, a quick, narrow impeachment probe focused on ukraine. Hold on. Theres a great deal happening on the corporate front as well. First off, peloton goes public at 29 a share. This is another big name ipo which is losing money and its facing lawsuits from music stars who want more money for appearing on the peloton workout screen. We will show you the first peloton trade. How about this. An aboutface for mcdonalds. Yes, they are planning a meatless burger. Watch beyond meats stock go
That there was an immediate assumption it had been designed to fail clearing the way for the u. K. To leave the e. U. With no deal. So it all feels like what you might call a long shot but dont underestimate just how much some European Countries want to get rid of what they see as the british problem and as well is that the johnson plan involves kicking parts of the irish border issue for years down the road who knows what the worlds going to be like johnson now has to see if the u. K. Parliament has any more appetite for all this in the e. U. If it all gets rolled out he will say hes tried and everyone else is to blame the question by then will be if hes still in control of events largely aljazeera manchester. Well president of the European Commission says johnstons offer has some problematic points for more reaction from iraq lets cross live to Natasha Butler whos in paris so not overwhelmingly positive reaction so far as i can see. No the message from the east side of things seems t