New week, jim, with the focus once again on a resurgence of cases in certain parts of the country for the virus. Concerns about china, as well. And then the overall as we, of course, know, expectations regarding the economy and what the impact may or may not be as a result of what i just mentioned. Well, i think that its always surprising to me as someone who i think lived through it like you do that people in some of these states did realize the level of contagion. I mean, this is one when youre in the room with someone who has it, youre going to get it if you touch someone who has it, youre going to get it i dont know, did people feel they were immune i think there was a sense that maybe new york was isolated. I dont think this will be like new york because i think they learned how to treat people. So, i think the big scare of the hospitals being overloaded will only be perhaps some i mean, we had a war zone here in new york. I dont think that will happen there. The chinese situation
Lauren welcome to fbn a. M. Our first show of 2020. Good morning to you at home. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lauren lets the take a look at how your money is moving this morning. Kicking off the new year in grand fashion, dow up 163, nasdaq up 63 this morning. Cheryl stocks in a asia finishing the first trade day of 2020, a mixed picture. The shanghai and hang seng is up slightly. The coughlauren the optimism g through to europe. European stocks, green arrows. The best performer, the cac is up one and a third percent. Cheryl we begin with a fox business alert. More american soldiers are being deployed to the middle east as the iranian backed siege of the u. S. Embassy in baghdad has ended. Lauren democrats are slamming President Trumps Foreign Policy over the attack. We have doug luzader in washington with more. Doug, good morning. Reporter the worst of the violence at the u. S. Embassy in baghdad may be over for now, but the operations, public operation
Making money. Charles another good day for the market. Investors getting more evidence of a rate cut on the way. President trump pointing out the world is cutting rates, the fed should as well, because of faulty thinking process there at the Federal Reserve. He is worried saying we pay much higher Interest Rates in countries no match for us economically. Another words our Interest Rates are much higher than other countries when they should be lower. This comes from comment from three fed officials that boosted expectations after rid cut. Edward lawrence at the white house. Reporter you are talking about James Bullard, john williams, new york fed president and Richard Clarida, and Jerome Powell in a speech today. He pushed Federal Reserve to have a rate cut during their next meeting. I want to zero in on the third tweet that he made. The president said in that tweet, quote, this is our chance to build unparalleled wealth and success for u. S. Growth which would greatly reduce the percen
Well, tha a big question a big meeting on capitol hill tomorrow may give us some answers perhaps the fist big test of the new year will come from iran. Deadly empty government protest there, least 20 people reported dead calling those protesters, quote, enemies of iran. Big day, of course, as we kick off a new year 218 is here and Varney Company is about to begin. Well, have you noticed unless you live in very southern, florida or out on west side in california it is freezing outside frigid temperatures continue to grip wide swaft of the country from pink and purples youre in deep purple youre in deep cold. Heres that weather map where windchills bundle up we mean that is obvious isnt it and snowstorm by the way, is brewing we are told off the atlantic coast. And if it it pushes east it could be a major storm up and down i95 corridor, oh boy looking forward to that. Or more for us on that, potential storm about three minuteses from now. Lets take a quick look at the stock future for yo
The oil markets. First, stocks kicking off the first trading day of the new year on a high note. And if the january effect plays out, todays gains could be a positive sign for 2018 bob pisani here with the story bob . Reporter yes, just a lot like 2017, some of the big names are moving today semiconductors doing well. Lot of interest in that. We see Retail Stocks doing better we see energy doing better heres something curious, the banks are not participating in the rally. I find that interesting given that the ten years been moving up utilities have have been a loser for a long time. Thats no surprise here. Look at some of the big banks. Come over here citigroup here down 0. 4 on very light volume most of the big banks, regionals in particular are down fractionally not a great month, frankly, if you want to look at january. We asked our friends to take a look at the last five or six years in january it tends to be a down month. Nasdaq and the s p and the dow industrials all to the down