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Since april and the first time in 47 sessions where it broke the streak of days where the s p hadnt dropped by 1 first time we have seen a loss like this in a while nasdaq was down 2. 2 that was the worst day since february if you look at treasury yeields, we saw action. The 10year treasury pushing higher the 10year is 4. 41 2year at 4. 19 . Andrew, we talked about the market blowing off the downgrade from fitch in the morning. Yields under pressure which is the opposite through the course of the day, yields did pick up a bit i know you have comments from Warren Buffett in a moment i dont know if this is a number of earnings which were better than expected, but some were weaker you have the report. That brought the expectation to bring more pressure on the fed to raise rates that, to me, is a much better rationale than the fitch report. As you know, my view is not that it is silly. It is important to say aloud the world is a relat ....
Are more in line with what was already brokered. That is in line with a deal that was already brokered by Biden Kevin Mccarthy last year. I think after a certain point, people feel like the writing is already on the wall. Some conservatives have already written off these bills before they came out because they dont like the top line. S just a time where republicans have at least some shot able to shape government fundingâ– k in some way and having an influence on crafting these levels in a way that is different from the democrats last they controlled congress. But there is this understanding that they are not going to get all of this in. It seems some conservatives are giving johnson grief but we do see what when we talk about Homeland Security funding. It remains to be seen. Host go ahead and stcaplenty gn capitol hill. Taking a look at the week ahead. 202 7488001 f ....
Mara gay. White house editor for politico, sam stein. You saw him on way too early. And the founder of the conservative website, the bulwark, charlie sykes. It is a great group. Thank you for being with us this morning. Well begin the week with the latest on those new charges against former President Donald Trump in the classified documents case. Today, a newly introduced third defendant, the Property Manager at former president s florida home, is scheduled to be arraigned in miami Federal Court. Carlos de oliveira was named in a Superseding Indictment last week and charged in four counts, including conspiracy to obstruct justice and making false statements to the fbi. According to prosecutors, trump directed both de oliveira and his valet, walt nau ....
Ephemeral legislation. Yeah. That went from being the word of the day a couple days ago, to now i think its the word of the week. Ephemeral or malodorous, its one of the two. Its still early. We have a couple hours ahead. Maybe we can find another one. Meanwhile, the Florida Governor is seizing on a potential weakness in trumps third president ial bid. Well show you what he had to say about that, and how he responded to questions about his last name. Is it desantis, is it December Desantis . Did he answer it . He did, and it was unrevealing. Huh. Republicans are still upset with Kevin Mccarthy over the Debt Ceiling Deal. Wah. One calling for a day of reckoning. Are you kidding me . It is a day of reckoning for the extremists, who thought that they were going ....