Definitely a flight to safety today and for the entire week when it comes to stocks in general. Lets take a look at this tenyear note, the yield on that, because it continues to move lower as investors are buying bonds, the yield moves lower. We havent seen the inverted yield curve with the three month this low since september. The concern from investors here, what theyll read into it, is that the Coronavirus Impact could potentially, potentially cause a recession, and so were getting that talk circulating back on the floor again. Meantime, were seeing a big move in gold today too, another 25, supporting the idea that people are worried about the virus, the notion that the chinese may not be telling us the whole entire story and that its moving outside of china quicker than we thought. The final point ill make about this is, yes, apple said it was going to have a big impact on its first quarter, but coke saying its going to take a penny or two off the ets, but were going to hold on to
He said he wasnt going to run but the reality was he was not closing that possibility. Where are we from there, from here . About that much closer. He filed in alabama, because there was filing deadline the last state. Stuart that tipped his hand. Didnt mean he was jumping in, but some of the things you have to do . Some of the things he has to do. He still my not run. That doesnt mean he is definitely running. We do know, the stuff weve been reporting, he is dismayed by the fact that the party is being taken over by the radical left. You know, it has gone way beyond anything that, remember Hillary Clinton started running to the left when she was faced with a pry mary challenge in 2016 from Bernie Sanders. The party, nominal frontrunner is Elizabeth Warren who is so far to the left of Hillary Clinton the party will be unrecognizable. They believe, not only if she does become the nominee, looks increasingly likely biden is fading a little bit. If thee becomes the nominee, she would lose
And out of beijing. Edward lawrence with the latest. Reporter china added two more items, at least two more items from the exemption list for tariffs. That would be soybeans and also pork. The u. S. , this would fit in line with a purchase that was confirmed by the u. S. Department of agriculture today of soybeans by china and chinese companies, possibly in the future. We could see more pork bought from u. S. Farmers. Now the President Trump says that he exist as Large Purchase from u. S. Farmers by china. The president also adding to the confusion about an interim deal that has been floated. Now yesterday the president coming out saying that he would consider it but then in the same breadth the president came back, said, quote i would rather get the whole deal done. U. S. Trade representative robert light highser is working on the whole deal now. In fact the deputy level trade Delegation Team from china will be in the United States next week to have meetings there to set up a meeting
So the market likes that part of it. As i said, were waiting for President Trump. He is speaking with reporters right now. We should have play back of the comments any moment as we start the hour with blake burman on the president. Some of the comments, im looking at headlines around the building where youre standing, comments on taxes interesting. President as usual making a lot of news. Bring us up to speed. Reporter the president you remember yesterday, connell, he gave idea, would endorse the idea of indexing Capital Capital gains that would be a tax cut for the wealthy. Were hearing President Trump might not be supportive of it. On the south lawn as the president is leaving right now, he just told reporters quote im not looking to do indexing. It is perceived as somewhat elitist. He want tax cuts for middle class, people who work so hard. Indexing is better for upper income groups. Connell, tough to figure out where the president and this white house lan on tax cuts. Just yesterda
Lost trillions of dollars to china. We dont need china. We would be far better off without them. President blasting the country for stealing from the u. S. For decades. He is now ordering companies to do business somewhere else. The president tweeting this. Our Great American companies are hereby ordered to immediate start looking for an alternative to china. The president continuing his crackdown on china over illegal fentanyl being funneled into the u. S. Ordering Companies Like fedex, ups, amazon, and the u. S. Postal service to root out illegal fentanyl being sent through their services. Trump saying this, they need to search for and refuse any fentanyl delivers. The president also said president xi of china promised to stop the drug flow but did not follow through on that. So, while President Trump continues to unload on china he is also promising retribution for the retaliatory tariffs. But his tray advisor, Peter Navarro struck a different tune on fox business earlier today sayi