Barrett getting under way this while he, accused of stealing 5. Morning. Republicans pushing for a quick the stanford rapist could afford bail; vote before the election. Got out the same day. The direction of the court for the Senior Citizen could not; generations to come hanging in the balance. Forced to wait in jail nearly a year. Were there, live. Voting yes on prop 25 ends this failed system, deadly confrontation. A demonstrator shot and killed during dueling rallies in replacing it with one based on public safety. Denver. A private Security Guard hired because the size of your wallet by a local tv station now under shouldnt determine arrest. Whether or not youre in jail. Straight ahead, the dramatic vote yes on prop 25 to end money bail. Moments caught on camera before and after that fatal encounter. Picking up the pieces. Hundreds of thousands on the gulf coast still without power after yet another deadly and devastating hurricane. I was scared. I was afraid. And today heavy rain
Hopes around that region of the world. Disney is out with what investors are seeing as it fantastic Earnings Report thanks to streaming. Nikola, not so much. We will be asking the ceo about the 9 climb. Just 89 days unto the u. S. President ial election and during election year, august returns tend to be higher, finishing starter finishing higher than at the start of the month. Joining us now is the author behind that report, george pearkes. George, obviously you have to think that this year might be slightly different. Is there any really fundamental reason as it why as to why it should be different . George the historical precedent in the United States is that it is disconnected from the market cycle. You do not tend to see huge swings in market purely as a reaction to politics which is more common in emerging markets or other developed market economies. 1928the long term, since when the s p 500 price data see positiveend to returns in august and for every month leading up to an elec
What, what have we got here, 8. Revenue up, ad sales up, profits up, and there are now 2. 45 billion active monthly users. It was a spectacular report. Stocks up. These two stocks are helping the market but a statement from china has put a damper on things. Beijing says its doubtful that a longterm trade deal can be reached. China concerned about the impulsive nature of President Trump. Where did they get that from . The dow industrials down about 50 at the opening bell. S p down six, a fractional loss for the nasdaq. Then theres politics. Namely, the vote in the house this morning, starting the impeachment process. This has consumed the congress. It has not consumed the market. It seems to be ignoring d. C. Entirely. We will follow it and pay special attention to votes of moderate democrats from trum trumpleaning districts. Will they approve removing the president from office because of a phone call to ukraine . Cant wait to see. Stay right there. Varney company is about to begin. The
Big news out of the United Nations, nikki haley announcing a cut in next years budget after the un voted to call for donald trump to withdraw his plans Israeli Embassy to jerusalem. Varney and company starts right now. Charles lets look at futures, under pressure all morning, fractionally better. Lets bring in zach hour. Everybody wants to know 205k in 2017. In 2017, i dont see why not, certainly lets call it by valentines day a couple points, next year will be a strong year for the stock market, the first half of next year especially. I am worried about a blow off topic for the market sometime next year but that is all the more reason. Charles you could argue this year, last year, the year before, pretty long market, people are calling for it. Prices are not crazy, prices are okay, we are introducing new money into this economy with conditions tight. What i worry about is a faster rise in Interest Rate than we expect giving more competition. The cd rates, why am i taking this risk in
Brian, thank you and welcome to power lunch im Tyler Mathisen big rally. The dow soaring triple digits. It would help the nasdaq avoid the first four day losing streak since november of 2016 now brian talked about the treasuries yields pulling back just a little bit. Lets see where they are right now. The 10 year note at 2. 91 thats down just a bit results of a 29 billion dollar auction just moments away. Could be a market mover. Sometimes they are sometimes not so much. Most stocks are up but these three are down seriously roku plunging, missing profit. 17 , man you dont like any part of that. You dont want any part of that. Missed estimates, guidance wayfair. It says tanning. Wayfairs not tanning, that would be tanking down 20 the company reporting a wider than expected loss and pandora taking a hit Music Streaming Service also posting a wider than expected loss despite the fact that i was listening to it this morning. Thanks. Lets get more on the trading action this hour bob has the