powerful, very rich, in high places with deep pockets do the same exact thing? all that and a lot more on making money. charles: all right, let s get to the selloff and bring in bubba trading.com chief strategist, and kingsview asset management chief investment officer and fox news contributor scott martin. scott, we were meandering for most of the morning. we opened lower and were finding footing. we know the script. as sessions go on, selling bee gets selling and somewhere along the line the dam breaks. where are we heading? for more pain. i like how you put it, this is the script. sadly this has what has happened last two weeks, a week, for a couple months. we re embracing ourselves what we talked about. which added some fixed income. there is stuff like gold that is working and growth is getting smoked. what i tell you we ll probably test the lows from monday which is expected. how we fare down there will give us a lot of information how the trade will finish toward
to 2 1/2% range. we re waiting for the explanation coming from jerome powell, the fed chairman. they might slow the pace in 2019. markets are waiting for that. you know how it goes with expectations met or not met. wall street journal global economics editor john jon hilsenrath. do you agree with that one hike, we get up to three next year comes down a bit? i think the lingo in the markets is a dovish hike. fed does what is has been telegraphing and raise by quarter point. neil: nine of the 16 fomc members, if he ral open market committee members were looking at three rate hikes next year. how does it go for federal reserve, same nine out of 16, one is a new mem her do you have to change their posture? is that the official fed posture then or what? well, so, you know, each one of these individuals who puts in a forecast is responsible for his or her own forecasts. so jay powell doesn t go around and say, or messer, you have to knock your forecast down. what we ll see is
do in for connell mcshane. do we have any reason for the catalyst. i have a producer talking in my ear. i m assuming you re talking to me. but yes, we re seeing a 1600 point swing from monday. i was here when it was down 353 points literally today. the traders are way more excited today. there seems to be more, i just hit him, there is a mood. what are we seeing in the markets? seeing technology on the you swing. consumer discretionary. microsoft being up there. microsoft being up there. amazon, retail sales moving markets. when you saw strength in consumer confidence. fact retile is up 5.1%. amazon not giving us numbers but tens of millions of new people joining prime. an interesting story with verizon and at&t. sorry, verizon and disney. all the media companies. verizon and disney. what verizon has done, sent all of their co subscribers a letter today. even one of our producers received it. it warned people they may not have access to disney-owned channels. think espn. wa
we have president trump on the hunt for new chief of staff as congress races against the clock to avoid a government shutdown. there is no deal in sight. ahead of high stakes sit down between the president, nancy pelosi and chuck schumer tomorrow. chuck and nancy. we re live with the white house with the latest on that one. protests shut down the eiffel tower. nearly 1000 arrests during violent riots in paris. french president emannuel macron is breaking his silence. addressing the nation this afternoon. little, too little too late there, maybe? google s turn in the hot seat. tech giant ceo will face lawmakers tomorrow amid a series of scandals, including alleged bias against conservatives. what to expect on capitol hill. connell: a lot going on today. in the market as lot going on intraday with the dow recovering after being down more than 500 points early. follows british prime minister theresa may s decision to postpone a key vote on brexit. fox business team coverage of
next 90-day window, tear levels would escalate. go back as they should have been. apparently moved the market. to be honest i m not entirely sure why that is newsworthy? that has been the stance of this administration for days into weeks, into months now, if there wasn t a trade deal, then tariffs would continue. administration illuminating that. that played on the market. the other set of numbers, a jobs numbers. it was a miss relates to the top line number. 155,000 jobs created in november. however the white house is continuing to build up the argument today this is an economy that is continuing on the right path. one chart that the economic team is pointing to is this one right here in which they actually look back at october, in which they say that 73 1/2% of the people hired in october were folks who were out of the labor force that ended up making their way back into the labor force. they say that indeed is a good sign. as far as november goes, the administration is try