Postpandemic academy dominated by americas big tech companies. This friday morning, stocks are going up somewhere, can you believe that, we dont know how were going to close the session but the opening bell the dow will be up another triple digit, over 100 points, s p coming up a series of records of another nine this morning and the nasdaq made 39 records and moving higher again as of right now. That is the market, that is financial history, cue the fireworks, spectacular way to close out the republican convention, they lit up the sky over the white house after President Trump accepted the nomination for second term. It was a long speech, 70 minutes, the president made his pitch, vote for me and ill keep the streets safe and restore prosperity. Joe biden would ruin the country. You will hear it all, and then there is this, senator rand paul and his wife leaving the white house after the speech into an angry mob of demonstrators. That was intimidation that bordered the very close to re
Likely to hit around 15 . This morning, the private sector reports the loss of 20,236,000 jobs just in april. Reopening the economy is designed to try to bring back some or most of those jobs. So here we are. With all the bad Economic News breaking around us, what does the market do . Well, it rallies. For the third day in a row, the market opens higher. This is a bet on the recovery and a bet on the federal reserve, which is putting at least 4 trillion into the economy, and the treasury which is putting in over 3 trillion. Thats called stimulus. Investors appear to like it. The dow is going to be up about 140 points. Nice gain there. The s p up 15, nasdaq up about, what, 58, 60. Look at this. Oil, 23 a barrel. Thats where it is now. Earlier, it had been at 25. There has been a dramatic fall in supply and a hopedfor pickup in demand as some states start opening up their economies. So thats why we are in the mid 20s for the price of oil. But you can say goodbye to the gas price decline.
Yes, it is now a consumerdriven economy. We do want to alert you to new protests in hong kong. Nothing major so far but its just 9 00 at night over there and protests generally pick up steam in the hours before midnight. We cover this because these protests are a wild card in the china trade talks. They could affect our market and because we respect the courage of those youngsters demanding freedom. Now this. There you go. Which is the real Elizabeth Warren . Take a long, hard look. I couldnt tell but we will let you know who is who on the show a little later today. And watch this. This is another internet optical illusion. Take a long hard look at this one. Is that a bird or a bunny . Be quiet, ash. To me, its clear. But our production crew was split. How unusual. We have a big show and its on its way for you. Varney company is about to begin. I am the chosen one. Somebody had to do it so im taking on china. Im taking on china on trade and you know what . Were winning. Because were th
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 . Dont answer that question. The Market Holding it right. The dow opens flat. At or close to alltime 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 . Well 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. Theyve 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 doesnt expect it, megan markel is 37 y
Chain migration system. We will have more on this, believe me. Red flags for bitcoin, believe me. Bitcoin market is, quote, burning with risks for Retail Investors. If a little guy being set up to hold the bag, the winklevoss brothers, they are on the show today. Media targeted the president and made series of mistakes. In a tweet the president calls stain in america. Win or lose roy moore may be a problem for the gop. Yes, it is another day and Varney Company is about to begin. Stuart well, look at this, we are going to go up at the opening bell today. By the way, the dow logged its 66th record close under President Trump yesterday. We are going up from there this morning. How about bitcoin, where is that today . Its at 17,210 per coin, up 319 bucks, however, top government regulator is raising a red flag about the bitcoin market. More on that in just a moment. We never forget appear until this program, do you know that 37 years ago today it went public, 1,000dollar initial investment