stocks. it really started, if you think about it, a year ago today with a big rally the day after christmas, the after the christmas eve selloff last year. now as we get set for a new year, nasdaq 9,000, what is next? what are you thinking about? i m really optimistic where the markets are going in 2020. it is kind of interesting, if you look at this historically, with a year where markets are up over 20%, on the average the dow has been up over 75% of the time with an average of close to 9%. the s&p 500 has been up over 83% of the time with an average over 11%. past returns are not indicative of future returns but if stats is on our side, history is on our side, markets are still good value, there is still room to grow and a lot of potential as we ve seen in the past. connell: gary you and i spoke couple days ago right before christmas. you re more of a worrier, right? nothing wrong with that. someone s got to but how do you look at this run? at this point, is it getting t
win would lead to a total meltdown especially when it comes to markets. stuart talked about hong kong. we re watching it closely. we ll have a run on the banks we ll talk about. a big weekend ahead in hong kong. we ll look live where tensions stand right now. let s get to trade, how governments are reacting to what is happening. the dow is up 275. we re ending week on up note. we have a few hours to go, still down overall for the week whether governments are aware we ll get to that in a moment. new stimulus could be helping stocks. hillary vaughn starts us off at the white house. hi, hillary. reporter: connell, president trump says the september meeting with china s trade delegation is still a go. he talked on wednesday with chinese trade officials. he is expecting a call soon with president xi. he said if china dares to retaliate against september first tariffs he thinks the u.s. holds the ultimate retaliation or ultimate form of retaliation. i never said china was going t
impressed. the economy is humming, humming so much, that the dow is tumbling, down 200 points. since recouped half that. edward lawrence from the white house with details, some people thinking the federal reserve doesn t cut rates so soon. edward? reporter: interesting job reports. 224,000 jobs created in the month of june. the unemployment rate ticked up 3.7%. that is because of a good reason, more people, the amount of labor force grew. the total amount of labor force. more people are coming in off the sidelines to work there. 224,000 jobs created. very strong economy. that means that 173,000 jobs over the past 12 months, each month, has been created by this economy. the president pleased. we re really unexpectedly good. our country continues to do really well, really, really well. so we re very happy about it. i think we re going to, we re going to be breaking records. if we had a fed that would lower interest rates we would be like a rocket ship. but we re paying a lot
the president meets the senate finance committee today. mcconnell, ryan kermit, schumer, pelosi tomorrow. he wants a win, so we repeat the question. is it possible to republicans will say no? don t answer that question. the market holding it right. the dow opens flat. at or close to all-time record highs. we will be paying close attention to amazon. the $100 billion network on friday. how many billions will he make or lose today? we ll find out. varney & company about to begin. stuart: okay, not by the way with the beatles obviously love me do. well done. that was the first pop song that hit the charts by the beatles back in 1962. why would play in that? a picture tells the story number prince harry and megan markel. they ve announced their engagement. trade through the worst kept secret in the royal watch. they got engaged last month and will be married in the spring of next year. this is one of those things and has said he wants to begin a family and doesn t expect it,
it s the latest runup or the least runup is as a result of strong growth strong profit and until last night it looked like a sure fire yes on tax cuts. there s new momentum begun this morning, however, on the tax plan. and ron johnson and both smart and both republicans they are now a yes. add that to the news from kevin earlier and we could see history unfold again on this program this morning. now this it was not murder. it was not manslaughter. the jury has decide that when jose shot and killed kate steinly it an accident now we ra financial program but we deal in politics and we will be covering extensively sanctuary cities in my opinion allow this outrage to happen. varney & company is about to begin. i m going to start with the markets because that s the all important factor on today s program and looks at them down 2 points for the dow industrial. clearly off their lows down over 100 much earlier on this morning but remember we re following a huge record close ye