It is not right. They want to go to france. They want to go to determine germany, go to the uk where they came from. That is hair home. U. S. Is not their home. It is not fair were holding these people and that other countries arent taking because were bearing the cost. So i think that nato should be expanded. We should include the middle east, absolutely. We pay for a big percentage of nato. By the way, if you look at, speak to secretarygeneral stoltenberg, who is doing a terrific job by the way, he will tell you that i raised 130 billion more than they were getting. It was going down from past administrations every single year. It was down to a very low number. I came in. Got to pay folks, got to pay. Were working with you. Were protecting you. Were part of this. We dont want to be the fools like weve been some years. We raised 130 billion almost immediately. We had a meeting with the countries say you got to pay. I imagine they dont like me as much as obama and other people but you
S p off by almost five and nasdaq down by 24. You see President Trump calling out china and a little afternoon, word about nancy pelosi announcing an impeachment announcement, then President Trump saying hell release the full transcript. This is just the volatility we saw. Definitely wall street watching washington to see what news comes next weworks cofounder adam neumann is stepping down as ceo. The starrup once valued at 47 billion has shrunk in a matter of weeks he said, quote, i am so proud of this team and our company. Our business has never been stronger in the recent weeks, the scrutiny towards me has become a distraction. I have decided it is in the best interest of the company that i step down as executive each will have three votes down from 20. Weworks former copresident and vice chairman have been named coceos of the company the Parent Company, we, could layoff 4,000 to 5,000 in response to this there may be a search attempt for a new ceo. They named two and said they were
The other big central bank today, talking about the ecb in a moment, turkeys benchmark , in cut 425 basis points line with president erdogans plan for the country. He lira is stable guy amazing. Getcut 425 basis points and your currency going in exactly the opposite direction. Lets talk about the ecb. This is maybe not the reaction mario draghi would have wanted. Initially, yields went down. He says inflation, we are really worried about it. Someone asks, why didnt you do anything this time around . He says we didnt even talk about doing anything this time. Yields go exactly the opposite direction. We are 41. An amazing day in terms of bond Market Action in europe. Lets take a look at other assets as we continue to focus on this story. Eurodollar trading higher. Again, not what draghi would have wanted. Thanks stocks have gone up because there was an expectation that next time we will see some structure. Ring that is really worrying for the snb in switzerland. Vonnie lets get to some a
Keeping track of todays top stories. Gerri willis standing by there on the floor of the new york stock exchange. Jeff flock is out in milwaukee. Gerri, with the records being set, we start with you. So hard to keep up with all the information, right . The market is on fire. The dow on pace for a second Straight Record close. This is the third of 2019, led by united health, home dethe. These are the weekly winners. J j big headline, johnson johnson, the stock diving after we learned that the department of justice is pursuing a criminal investigation into the company there. The biggest dragger on the dow, shaving more than 40 points off the blue chip index. Big headline there, originally reported by bloomberg. Intraday the s p on fire, closing out at 3013 as you just said. On pace for the record straight close. It is 10th record close of the year. The markets are on fire. Everybody down here amazed at the performance. You have to love it. Nasdaq on pace for a record close as well as we c
It was a big rally yesterday gave back many of the gains late in the session the dow did end up more than 100 points by the end of the session. Overnight in asia, a bit more muted today after the big gains yesterday in the markets the hang seng opening after being closed on monday for a holiday. Its the stock market trying to do some catch up it was up by 1. 2 . Shanghai was flat. Nikkei was up by a tenth of a percent. In europe, some early trading taking place a bit of a mixed picture there. Ftse up by a half percent. Modest declines for the cac and the dax. Stocks are higher in italy and weaker in spain. In the United States, if youre watching the threreasury market the tenyear is yielding 0. 15 lets talk trade President Trump saying trade talks have begun following his meeting with president xi jinping at the g20 speaking at the oval office yesterday, the president said the renewed talks are being held by phone any trade deals will have to lean in the u. S. s favor obserit has to be