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Since april and the first time in 47 sessions where it broke the streak of days where the s p hadnt dropped by 1 first time we have seen a loss like this in a while nasdaq was down 2. 2 that was the worst day since february if you look at treasury yeields, we saw action. The 10year treasury pushing higher the 10year is 4. 41 2year at 4. 19 . Andrew, we talked about the market blowing off the downgrade from fitch in the morning. Yields under pressure which is the opposite through the course of the day, yields did pick up a bit i know you have comments from Warren Buffett in a moment i dont know if this is a number of earnings which were better than expected, but some were weaker you have the report. That brought the expectation to bring more pressure on the fed to raise rates that, to me, is a much better rationale than the fitch report. As you know, my view is not that it is silly. It is important to say aloud the world is a relat ....
Plenty of action in politics and money. Seven hours for now donald trump appears in court to enter criminal charges related to the 2020 election. The next 18 months or more there will be a series of Court Appearances, longrunning soapbox for chuck. Hell portray himself as a victim of political persecution and will be the robust defender of free speech. Chunkers to court in d. C. , the president is at the beach saying nothing about the downgrade, hunter or anything else and hes looking frail. There will be a debate between Florida Governor desantis and governor newsom. In the coast on fox. Desantis takes away from trump. Newsom presses his case to replace biden, conservative versus progressive, the debate we should be having at the national level. To the markets, apple and amazon. Anybody with money in stocks certainly has a piece of these two joints. What the report does ....
Well tenyear yield up about 4. 08 a lot of that gain in the yields in the long end happened with a stronger than expected payrolls report we also had recent indications of higher oil prices, maybe some inflation concerns so a lot of things in the mix, of course, with along with the fitch downgrade of the u. S. Federal debt that all brings us to our talk of the tape, where we ask is this a routine shakeout in stock after the powerful monday bimonth rally, or the sign of a much tougher tape ahead . Here with us is josh brown josh, we can write it any way w like sentiment was frosty, technicals were stretched something will come along to maybe create an air pocket on the other hand we had a lot of bears capitulating, the economy looks strong, everybody agree with his that, so we have the makings of a perfect evenic top. Where along the spectrum would you set yourself wow, as someone who is really good at explaining what just happened, i would say that this is not this is not very much muc ....
By at the capitol to give us the inside scoop and tell us what he wants. Meanwhile, the market rally came to a screeching halt. The dow fell 135 points on the day. The Fitch Rating Agency has put the u. S. Credit rating on watch which could send stocks lower tomorrow or maybe not, actually. Could be a great buying opportunity. Dominic chu is watching your money. The incomparable ann colter. Question, does she think the gop should keep fighting or retreat . Well hear from her in just a few moments. Another dramatic breaking news report of the kudlow report is starting right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. Feverish negotiations continue on capitol hill. Were getting closer to the october 17th debt deadline. The house was set to vote tonight on a republican plan but that apparently is not going to happen. Joining us now live from washington, d. C. , cnbc contributor, robert costa. Good ev ....