This after moodys cut Credit Ratings on 10 small and midsize banks yesterday, sparking fears over a potential slowdown in the banking sector. The Congressional Budget Office estimating the deficit will top 1. 6 trillion in the first 10 months of the fiscal year. Were watching Second Quarter earnings as well. Disney is going to be reporting after the bell today. The stock is up going into the numbers. Almost 1 . European markets also in the green this morning, take a look at you eurozone, the dax is hir by 182. Asia overnight a mixed story, chinas Consumer Price index down in july for the first time in two years, shanghai composite down one half of 1 , kospi index up 1 and a quarter percent. The 2024 race taking shape, another gop hopeful taking the debate stage. President trump remains in the lead as a majority of americans think is charges are a distraction from the growing evidence of biden family corruption. Calls for an impeachment inquiry into joe biden getting louder on capitol h
Of cash to the biden family and Business Associates from Foreign Countries across the globe, including some of our nations biggest adversaries. Trace, thanks for jumping in today. Trace john has the day off. Im trace gallagher. Box obtaining the 19page memo revealing how hunter biden and his associates received millions from russian, ukraine, kazakhstan. Sandra more than 20 million in total foreign funds to the bidens and their associates. Oversight Committee Member Byron Donalds and Marc Thiessen will weigh in on all of that. But first, our senior Congressional Correspondent chad Pergram Keeping Track of all of this live on capitol hill. Kick things off for us here. Good afternoon, the third dump of bank records, they say it reveal 20 million went from foreign sources to the bidens and biden Business Associates. Democrats say this is some illusion of access, that looks like real access to me, when you have 30 some times Hunter Bidens Business Partner showing up at bidens house or meet
President biden pushing his climate agenda on the Weather Channel amid a growing scandal, new allegations of biden family corruption. This white house, as larry has said, is in trouble. Lets bring in the power panel, congressman pat fallon from House Oversight, former u. S. Assistant District Attorney Andy Mccarthy Washington Examiner columnist byron york. Gentlemen, thanks for joining us. Congressman fallon, how big is this scandal . From well, it grows, you know, wider every day. We were talking last week, liz, and i said we could prove 17 million to the bidens, now its 20 million. And we have subpoenaed bank records seven times, and all seven times that number has grown. The latest the wealthiest woman in russia, ye lain that bat arena, apparently paid hunter biden 3. 5 million, then got to meet with joe biden, and now magically is not on the sanctioned oligarch from russia. Hmm, interesting. Elizabeth so, congressman, what hes just saying, Andy Mccarthy. This is right around when o
Stuart now, this goes back to my generation, hold on, im coming, as we look out at new york city. You look at the bottom righthand corner of your screen, a ladies and gentlemen, and you can see weve got a rally. The dow industrial average is now up more than 40000 points. The 400 points, the nasdaq, 221 to the upside. The nasdaq can up s p, up 51 points. To 10year treasury, the yield there is down to 3. 9 9. The price of oil down a little earlier, 83, almost 84 a barrel. Bitcoin, we add had it at 29,000 and change, 29,6 right now. Thats the markets. Now this. Any second thoughts from the democrats about prosecuting trump . [laughter] too late. Theyve haunched. Theres no going back. Even when there are headlines like this in the new york times. Quote, the prosecution of trump may have terrible consequences. Oh, you can say that again. Jack goldsmith wrote that that, and hes a professor of law at harvard. He doesnt mince words. Trumps behavior is reprehensible and possibly criminal, he s
Describes it this way. This isnt just a fire that moved through. There are 200 foot tall fire cyclones. The firestorm that came through and burned the entire harbor down to the waterline. Were still working on the process of recovering our loved ones. They say 36 people have passed away. Everybody knows that number will be dramatically higher. Harris its affecting members of our own family at fox as well. First person i will share with you will cain will join us later this hour. His mom is in hawaii right now. Well have a crew as Well Reporting on the ground from maui and a report coming up in just a few minutes. Keep watching for that. First right now virginias Governor Glenn Youngkin is hosting an event to empower parents stressing their right to speak up about what and how their children are learning. Parents rights are a key issue in that state you know. It helped propel youngkin to the Governors Mansion and now after another altercation at a school Board Meeting, the Justice Depar