4 00 oclock on wall street, nasdaq up 300 and s p higher by 67. Wild fires raging up the west coast this morning, several people now dead, homes destroyed and evacuations underway. Many areas bathe in orange glow of fire. Almost open for business, new York City Restaurants can allow Indoor Dining at the end of the month but there are strict rules to follow. In the next hour a Restaurant Owner and lady gagas father joe is here to talk about the state of the Restaurant Industry and whether his daughter will take a seat inside. Sky high technology, we are introducing you today to what some are calling the smartest and best drone yet, Android Industries Palmer Luckey is here 8 30 eastern with exclusive announcement and back to grid iron this morning. Fox sports is back and bringing nfl along with it. We have a preview of games to expect. Mornings with maria is live right now. European markets trading mix, the dax index is higher by 43, we are waiting the European Central banks decision out
Why the bernie camp should read shakespeares julius caesar, act 3, scene 1. All that and much more on making money. Charles market back deep in the red after coronavirus fears sparked a major selloff yesterday retreating from early gains. This is about a housing boom i spoke about, a clear sign of the domestic economy doing very well, parts of it in fact surging. To break down what were dealing with today bellpointe chief Market Strategist david nelson and the gartman letter editor and publisher dennis gartman. Dennis, let me start with you. We were up almost 2 pun points out of the gate. I dont think anyone would take the bait if you will but it was driven by good earnings and some Economic Data and it feels like we have two forces at each other right now. Things have been happening with the economy and then what may happen because of the coronavirus. I think you have a number of things you have going on here, charles. Coronavirus circumstance is a major catalyst but you have geopolit
Divide is impacting how we find love, all that and so much more on making money. Charles stocks have been flattest after yesterdays rally effort failed into the close on news that the fed was nudge the punch bowl, the dow meanwhile while it had chance to go higher yesterday being dragged down on news just moments ago that united now holding off flying 737 max even longer into september and in the meantime we have been down 4 of the last 5 fridays, more than normal as we head to 3day holiday weekend, to discuss this dominguez, wealth adviser for payne capital, a group im not affiliated. Vice president heather zumagaba. Heather, weve had so many deadlines for when 737 max will be back in the air, and every week some airlines pushes it off, last year it was going to be september, december, it was going to be january, now United Airlines saying september, and china you have companies saying, hey, we will close up until february whatever, march whatever. Right, those deadlines are adding to
Whenever you get an inversion like that, it tends to signal a recession within the next year to 18 months. This is the most in verdict it has been since 2007, which was the year the u. S. Did go into what ended up being the worst recession since the great depression. Nobody is predicting a severe outcome this time, but it is probably the loudest and clearest signal there is trouble ahead. We will talk about what relation that might have with the currency wars. In the meantime lets go to Kevin Cirilli at the white house. The president is in dayton on his way to el paso. What is the reception he is getting . Andn some residents Prominent Community leaders have asked the president not to attend either of these communities. That send, there has been politically divisive rhetoric that has engaged on the 2020 democratic president ial campaign trail, notably from beto orourke. At aroundent, midnight, tweeting out a political attack against beto orourke, calling him phony, among other things.
Out tonight . We will have that for you and so much more on making money. Charles President Trump is on his way to japan for the g20 summit right now. Where he will meet with chinas president xi xinping. They will of course going to talk about this trade deal. Meanwhile President Trump airing his grievances with china on fox business this morning. They have taken advantage of us as a country for so long, theyre so far ahead on average, this country is losing more than 500 billion a year with china. Charles Edward Lawrence is live in osaka with a preview. Edward . Reporter yes, charles, good morning, from osaka. It is tomorrow morning. The city is on lockdown for World Leaders coming here. They will be on the world stage, next few days here. President trump on air force one, now on his way coming over here to osaka. He will meet eight World Leaders over the various course of the next few days. One meeting with all eyes on with russian president vladmir putin. The president will have abo