Cease Fire Deal with hamas, the group in control of gaza. Basically ending 11 straight days of fighting. Were getting reports right now according to israeli media this is set to go into place and into effect around 2 00 a. M. Local time. There are no preconditions. This is significant. We spoke earlier today with hamas who said there would have to be preconditions in order to stop the fire. After the reports started to circulate that the israelis were on board with the Cease Fire Agreement after a week of being urged by the United States and also the United Nations to stop this fighting, we are not really sure if its going to hold. One example of that is off in the distance, you can still here helicopters and jets continuing operations against gaza up until the Cease Fire goes into effect. A few minutes ago, there were mortars and rockets fired into this area in southern israel. Earlier today in that conversation with hamas, we tried to get an understanding of their perspective about t
In the House Craft add memo encouraging the gop to tie inflationary fears to President Biden. Banks is not the only one. Were just not in a position anymore to continue to spend trillions and trillions of our kids and Grandkids Money on this garbage to support the social agenda that the left is pushing right now. The gop cites the 1. 9 trillion Covid Bill democrats passed in the late winter and concerns about a possible infrastructure package. A recent memo noted that it will take some time to sort out when it comes to Supply And Demand issues but was skeptical of longTerm Inflation. The bank says extra Unemployment Benefits might devalue the dollar. Thats where the democrats might havover played their hand. Expect gop to talk about inflation as they meet over the holiday weekend. Charles . Charles chad, thanks very much. Now to the White House. Jen Psaki Today saying the ball is in the Republicans Court in a push for more infrastructure spending. To Peter Doocy at the White House with
Powell and company will have to come up to make investors happy tomorrow. We have you covered with a host of market experts. We have former hhs secretary tom price, what is next for the covid vaccine, distribution, politics, logistics. We have it all covered. All that and so much more on making money. Charles all right, folks, the markets theyre taking the bait again. Came out the gate strong like questioned but we are surging as you can see. Were at session highs and thinking there will be stimulus before the end of the week. In fact we may know more before the end of the day. What happens if there is no deal . I want to bring in michael lee strategies, michael lee, belpointes david nelson and quincy krosby. If there is no deal, 908 billion if that would be a enough particularly without household checks. David, your assessment where we are right now . Right now the market piped it in. Anything less than is giveback, put a number, five, six, 7 . We have to see something. Were pricing i
Wake of tragedy. Charles joe biden is there right now as we look at 2001 and why we came together back then and just why now we seem to be tearing ourselves apart, all that and so much more on making money. Charles its been a rough couple of weeks for the market which is obviously more vulnerable now than its been in months, on this solemn day for the nation, the stock market itself has to pass a big test, but, you know, the situation is the s p 500 has to hold above the 50 day moving average. I will say Technical Analysis is not an exact science, so a slight slip below is forgivable, but when it does hold, you know, historically it revives the sagging rallies and we get a big move to the upside. The question is of course what will the upside look like . Will investors seek out the same names that obviously before got too close to the sun or is it time to find new opportunities . Lets ask rob luna, ceo of a Financial Company and on the phone with us Capital Wealth Planning chief jeff [
President trump. We have live too capitol hill on the breaking stories and allstar panel. All that and much more on making money. [. Charles markets opened much lower. They began to slowly climb higher after fed chair Jerome Powell testified the Federal Reserve optimistic about the u. S. Economy. The fed likely keeping Interest Rates unchanged this coming months. The dow coming down moments ago, neil just mentioned this, on reports china talks hit a snag how large those foreign purchases will be. I want to go to edward lawrence. He is on capitol hill. With more on powells testimony. Edward . Reporter charles, Federal Reserve chairman Jerome Powell says Monetary Policy is in good place. He signaled there would not be a rate cut in december unless data comes in weaker than they thought. There were a lot of questions from representatives on the committee, about the federal funds rate if there is enough room to handle next downturn or recession. Historically they need five point to handle