Rate of growth is slowing. Now, this hour, im going to ask the president s top economic adviser, larry kudlow, two questions. Are we going into recession in the next 12 months and secondly, what reverses this slowdown . Larry kudlow coming up on this show this hour. Heres the market reaction. Not bad. The dow industrials going to be on the upside to the tune of about 50, 60 points but its early going. You never know how we will close. The s p up about six. Look at the nasdaq, thats going to be up about. 33 . Nice gain. Interest rates virtually unchanged. The yield on the tenyear treasury, 1. 54 . By the way, a rate cut by the fed this month considered a probability. Another cut in december considered a strong possibility. All right. Time to take a look at the latest attack on facebook. Roll tape. What we need is a president with the courage to enforce the antitrust laws. Break them up. And yes, Mark Zuckerberg, im looking at you. Stuart all right. There you have it. Elizabeth warren, n
And in the German Bundesliga the story of the minnows shaking things up at the very top of the Bundesliga Freiburg are in the top 4 and intent on staying. Im brian thomas thanks so much for joining us u. S. President donald trump says the United States could respond militarily to the attacks on Saudi Arabian Oil Facilities to drone attacks hitting the facility the largest of its kind and the cross oil field thats the countrys 2nd biggest now washington has blamed iran President Trump tweeting there is reason to believe that we know the culprit we are locked and loaded depending on verification but are waiting to hear from the kingdom referring to saudi arabia iranian backed who the rebels based in. Yemen have claimed responsibility but the u. S. Is there is no evidence the attacks were launched from there. For his part irans president Hassan Rouhani had this to say. Americans instead of confessing that theyve presence in the region or. In syria in yemen and other areas he has been prob
2 in the back half of the year. [indiscernible] slow and steady david slow and steady, but there other numbers we will come back to. Now lets go to Jenny Leonard in washington. I have lost track of where we are with the talks. Steven mnuchin saying there back on. The chinese saying they will not retaliate. Are we moving forward or backwards . Jenny it is hard to keep up or anyone, even for us. Heording to the president , said there will be a phone call happening. Whatsoeverdetail will participate in the phone call and if this phone call will move a planned meeting forward that is supposed to happen in september. Whatsoever will participate in the phone that meeting, according to secretary mnuchin, is still on track. We still have no details at all whether the chinese will come here, when that will happen. It is confusing where we are at right now. The chinese saying overnight they will not retaliate. I think it was over interpreted, even by the president. He focused a lot on the positi
Marks 20 years in office so what is behind this whole. Im phil welcome to the program or at least far right league party has announced that it will call for a vote of no confidence in its own Government Party leader must have salvaged he who is also one of the countrys deputy Prime Minister has announced that political differences with populist Coalition Partners the 5 Star Movement could not be amended the Prime Minister who is a member of Neither Party has accused mr salvini of fabricating a potentially destabilizing crisis. This is not an election rally. But it looks like mathias salvini is already gearing up for a vote. I do my job with my heart with with pride if i can do it freely and until the end i mean if i realize that someone is trying to stop me then the decision must go back to the italian people with no ifs and buts. You decide you and no one else is not a paper. Boy. Any is leader of the far right league party currently in coalition with the anti establishment 5 Star Mov
More bumps in the road for nissan. Planned job losses after profits fell 99 . Shery lets get you started with a quick check on how markets closed in thursdays session in the u. S. The dow falling to the lowest level in two weeks. Tesla and for taking a hit on weak results and earnings. The nasdaq falling the most in a month. Has stellar earnings, but because of the ftc probe, Market Sentiment was not too positive stock. We have the s p 500 losing. 5 . Investors did not like the president of the ecb. Was not as dovish as they expected and that weight on sentiment as well. U. S. Futures at the moment unchanged. Lets see how things are shaping up in asia. Sophie we are setting up for a riskoff session. Kiwi shares resuming losses. Cost they could come under pressure. Earnings in focus. In southings data korea sliding further in july. In sydney, the asx 200 may snap a gain. Switching the board to check in on bonds that rally in aussie debt how much upside may be left as we are getting more