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
Your thanksgiving table. Which is only a few weeks away. Great way to start the show. I will definitely say there is a toxic atmosphere developing for ipos. News this morning that endeavor is delaying going public. Thats an entertainment and Sports Company and this is the second time its delayed. Weworks ipo also clearly in trouble. More on that in a moment. Pelotons debut yesterday was not good. The offering price, 29. It closed the day at 25. There are a lot of new companies that people might like to buy into. But it seems that the valuation of many is just too high. May i use the toxic word again . Try this. A toxic environment for vaping. The cdc reports that 52 jump in vaping related lung illnesses. This is now a hot button issue with a Legal Industry under sharp attack. Vaping came in as an aid to quitting smoking. Its not looked at in the same way now. Lets change the subject. Wait until we see wait until we tell you how much Jerry Seinfeld is getting from netflix. Wait until we
tomorrow in china with tens of millions of traveling for family celebrations. the economy slows, travel has restricted. for this in a moment. our market will open slightly slower. there was perhaps some fallout from the coronavirus. but nothing like a follow-up from the asian markets. the dow will be down 79 in s in b5 in nasdaq just a fraction about three. let s get to politics. day three of the impeachment hearings begin later. so far, not many people are watching. it consumes the people but only 11 million people watched on the six channels the rent yesterday. more importantly we are i can take a look at the consequences of a democrat winning the white house this year. massive job losses, lower wages, a shrinking economy. how has that for starters. we ve got a big show, the president has back home. we joined mark life, first president to do that. how s this for a royal update. prince charles, calls for revolution. he will be the king of england. we are about to begin. stua
To Top Republican senators raising questions over an email. National security adviser susan rice set herself on President Trumps inauguration day. Details that document president obama and fbi director jim comey over the Russian Election hacking. American phenom core weekend taking the gold flying high in south korea. Highlights from the winter games. Dagen make towel, benchmark managing partner kevin kelly and former trump surrogate erin elmore is here. Good to see you. Good morning, everybody. Dagen good morning. Loving it. This market we only see down two thirds of a percent. This is a lot better than 1. 5 . Time to digest the volatility. Maria what change from yesterday at 4 00 with the marquis at 400point intraday decline at 153. Dagen the Interest Rate story will reign supreme with this budget buster that came out other republicans in congress, the twoyear budget deal with the white house with the president s budget willing to tolerate deficits for years and years to come. A Fede
LOS ANGELES — Wildlife advocates are hailing the passage of Assembly Bill 1322, which expands a moratorium on rat poison, as a win for mountain lions, coyotes and other animals