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Big news out of the United Nations, nikki haley announcing a cut in next years budget after the un voted to call for donald trump to withdraw his plans Israeli Embassy to jerusalem. Varney and company starts right now. Charles lets look at futures, under pressure all morning, fractionally better. Lets bring in zach hour. Everybody wants to know 205k in 2017. In 2017, i dont see why not, certainly lets call it by valentines day a couple points, next year will be a strong year for the stock market, the first half of next year especially. I am worried about a blow off topic for the market sometime next year but that is all the more reason. Charles you could argue this year, last year, the year before, pretty long market, people are calling for it. Prices are not crazy, prices are okay, we are introducing new money into this economy with conditions tight. What i worry about is a ....
China failed and the diplomatic approach from clinton, bush and obama also failed. The criticism of President Trump has started, senator feinstein doesnt like his bombastic language. Senator schumer calls it reckless. Overall sense of shock. America is waking up to something that we have not seen before, rogue state with sophisticated nuke and americas president responds, in the nuclear era this is unique. Financial reaction is unfolding. There has been a flight to safety, investors buying gold and u. S. Treasuries and some selling of stocks. This market is like likely to move. On this day august 9th, 1945 an atomic bomb was dropped in nagazaki, last time a Nuclear Weapon was used. Varney company is about to begin. North korea best not make anymore threats to the United States, they will be met with fire and fury like th ....
A new holiday began in 2014. Part of the move to force people to take vacation days. They dont like to do it over there so they keep making more and more national holidays. This is about encouraging people toll of appreciate japan hes mountains. Shanghai was down half a percentage point. In europe and some of the early trading there, youll see most of the markets are in the green. The dax is up half a percentage point. The cac in france is up. 70 . The ftse down just. 30 . Crude oil prices as scott mentioned, look, its a pretty big deal. Iea warning its going to take a while to work it off. Wall street journal says saudi arabia hit output. Wti down this morning. Scott. On the agenda today. Kohls and macys reporting before the opening bell. Join in the 8 00 hour. Then after the bell, nordstroms releasing results on the data front. Weekly jobless claims are out. 8 30 eastern time. And export prices for the month of july. Among the stocks were watching today. U. S. Prosecutors have opened ....
Right now, we are looking at highs, record highs for the s p 500 and the nasdaq. They are punching above the record highs. They are off of that by about a point. The nasdaq is still above that. Its climbing throughout the course of the day. We are looking at earnings which have come out, especially with best buy which has pushed the s p 500. We have new home sales or were much better than anticipated. Thats a pop of about 12 . Take a look at my terminal. I point this out to you because even though we are seeing some of this pop today, its our smallest trading date of the entire year. The s p has seen no moves up or down in the past 31 days. Day. E on pace for our 32nd we are keeping investors somewhat on the sidelines. One commodity i want to point out is oil. Wti crude has been on track for its worst two days in the past two weeks or so. We got this pop that you can see in the past hour or hour and half. It is 47. 82. It is up be 48 mark. We saw a reports coming out from reuters sayin ....