Weve gone from 18,000 on the dow to well above 24,000. Look at this. The dow is going to be up over 700 points this morning, firmly above 24,000. Thats a gain of over 3 . Weve got a 2. 5 gain on the s p and the nasdaq, 1. 7 . Now, that is a friday morning rally. Boeing sure helps. It is reopening plane production at a plant in Washington State. There are major gains all across the board, especially for big tech. We will have details on that in just a moment. But look at this. The price of oil, sinking. We were all the way down to 18 a barrel at one stage this morning and right now, we are back to 17. 77. Just as plans are being made to help the flat on its back energy industry. Gas prices, look at this, down again. 1. 82 is your nationwide average and its still coming down in wisconsin. Can you believe an average price in that state of 1. 25. I will say it again. 1. 25 in wisconsin. All right. Can you believe this. Speaker pelosi says no to more help for Small Business. The money has r
Policy while mayor is trying to get the minority vote. By the way, third in Morning Consult poll. And then theres this, Bernie Sanders, you think he looks sheepish on the flight there, why sheepish, because the socialist was flying first class, lets get to the market, nice way to open the show on valentines day i think, a long weekend coming up. Some traders on wall street are going to be thinking, wait a minute, do i want to hold stocks over long weekend, i cant fix anything until tuesday morning, who knows what will happen with the virus, in advance of that, we have the dow down just a point, not Much Movement there, s p down 2, nasdaq, im sorry, s p up 2, nasdaq up 14. All right, now this, china continues to report a surge in new cases and deaths from the virus. 121 deaths, chilling number for you, 1,716 medical workers affected since virus erupted in china, 6 of them have died. Carnival cruise lines have canceled 18 cruises in asia, lets get on with it, its friday, Varney Company i
Cheap. Lauren let me get to the point, ashley. Technology is making us im impatient. It is wednesday, september 4t september 4th. Fbn a. M. Starts right now. Lauren i am impatient lately. Welcome to fbn a. M. Im lauren simonetti. Ashley good morning, im ash ashley webster, in for cheryl casone. Lauren u. S. Futures looked to recover much of yesterdays selloff, triggered by new data, showing the Manufacturing Sector contracting for the first time in h two years. Ashley the yield on the 10 year treasury is up 1 basis point, right at 1. 48 on the 10year. Lauren yesterday, Major Concerns of a global slowdown, that took down the price of oil, recovering this morning, 54. 17 a barrel. Ashley take a look at the stocks in asia, hang seng closing up nearly 4 on the extradition bill perhaps being withdrawn. The nikkei, hang seng, kospi and shanghai moving higher today. Lauren u. K. Law make voted last night to a allow a bil bilr a no deal brexit in the eu. Ashley Hurricane Dorians eye passed to
Joining me on the panel today, gary b. Smith, christina partsinevelos, john layfield, and mr. Steve forbes. Sparking the sell off today, the two and tenyear treasury yield, their curve inverting for the first time today since 2007. I know its a lot of gobbley goock but this move has been a flashing red light ahead of almost all the last recessions for the past 50 years. Heres former Federal Reserve chair janet yellen in a fox business exclusive. Listen. Are we going into a recession so i think the answer is most likely no. I think that the u. S. Economy has enough strength to avoid that, but the odds have clearly risen, and they are higher than im frankly comfortable with. David steve forbes, do you agree . I think we should avoid a recession, david, but the key thing is not about inverted yield curves and stuff like that. Its about what happened on fox this morning, an interview with Peter Navarro who took a very very hardline, undid the good feelings yesterday that were back to the n
Actually ending the day in the green, but are we out of the woods yet . Welcome, everybody. This is bulls bears. Thank you for joining us. Im david asman. Joining me on the panel today is robert wolf, susan lee, scott martin, and my man steve forbes is with us as well. Fears of a global recession driving investors to the safety of gold, which was way up today, soaring to its highest level since september 2013. Bonds with a ten year treasury yield hitting lowest level since october 2016. At least one bond analyst says it could actually go negative after all is said and done. But is this all just an overreaction, or are we really on the brink of some kind of financial disaster . Were not on the brink, david, but the markets are worried that this trade war were having with china may not be resolved the way they thought it would a few months ago. What would be the implications of that . Creates more uncertainty. Whats going to happen with the tariffs with autos and auto parts from europe .