S p off by almost five and nasdaq down by 24. You see President Trump calling out china and a little afternoon, word about nancy pelosi announcing an impeachment announcement, then President Trump saying hell release the full transcript. This is just the volatility we saw. Definitely wall street watching washington to see what news comes next weworks cofounder adam neumann is stepping down as ceo. The starrup once valued at 47 billion has shrunk in a matter of weeks he said, quote, i am so proud of this team and our company. Our business has never been stronger in the recent weeks, the scrutiny towards me has become a distraction. I have decided it is in the best interest of the company that i step down as executive each will have three votes down from 20. Weworks former copresident and vice chairman have been named coceos of the company the Parent Company, we, could layoff 4,000 to 5,000 in response to this there may be a search attempt for a new ceo. They named two and said they were
Added to investors jitters. Reports from europe and japan show that manufacturing activ contracted there this month. Here in the u. S. , midatlantic factory activity contracted, and business spending on durable goods was things were tempered a bit on word that trade negotiators were working on a framework to ease u. S. china trade tensions, but overall stocks did end lower today. The industrials were down almost 200 points for a time. Finished down 103. The nasdaq snapped its eightda win strlling by 29, and the s p gave back just about 10 points. Steve liesman gets us started tonight. Another day, another round of soft economic durable goods orders came in delayed from december by the Government Shutdown but below expectations, 1. 2 . Pr elled mostly by aircraft orders. The business spending category fell for the fourth in the past five months. A key fed barometer, the philly t negative for the or First Time Since 2016. But the st. Louis fedin preside n exclusive cnbc interview said th
Subscribers stock is higher after being up 50 in three weeks were all over both of the stories overall market is shrugging off headwinds this shutdown because in part the optimism over a trade are deal. We know that administration debunked it but wall street think thing thing is happening market will open higher again today and ave be ig show for you bob will join us talk about markets and the economy. Hes bullish, Kellyanne Conway shes here as well a lot to deal with on trade the shutdown so much with her. Buckle up Varney Company, were about to begin. Starting with the shutdown white house canceling its dell us gays trip secretary mnuchin ross Pompeo Acosta supposed to go and president cancels Speaker Pelosi trip overseas give us details there. What they call one upmanship at its the most and meaning on capitol hill yesterday. So on capitol hill you saw this bus load of congressional leaders theyre awaiting nancy pelosi House Speaker as they were set to femme bark on their secret tri
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