Speaker pelosi says its absolutely absurdly unconstitutional. What will they do . Go to court to stop people getting the money . Right before an election . Good luck with that. The president s playing political hardball. 84 days to the election and again, the money will flow. Investors like it, by the way. Looking at the futures, the dow industrials will open this morning with a gain of about 100 points. The s ps going to be up about four. The nasdaq, up about 13 as we speak. The president s playing political hardball with china as well and beijing is responding. Jimmy li, a leader of hong kongs democracy movement, has been arrested under the new security law and china has imposed sanctions on u. S. Senators, including marco rubio and ted cruz. Now, that is escalation. Dramatic change may be coming to a mall near you. Amazons in talks with americas largest mall operator, Simon Properties simon group properties, to use some Department Stores as fulfillment centers. Amazon gets cheap spa
Continues on a global scale. A worldwide their market, the 11 year bull run here is over. The dow is heading to the 22,000 level. A month ago it was 29,000. It is the fastest selloff in history. The s p will hit bear market territory at the open today, down 20 from the february high, the same story with the nasdaq. More money is still moving into safe treasury securities pushing the yield down to 0. 69 as of right now. The latest news on the virus brings its impact home to all of us. Sport dramatically affected. The nba has suspended the season indefinitely. A few days ago they banned reporters from locker rooms. Now the whole sport is shutdown. The Seattle Mariners will not be playing any home games. The early baseball season is in question. There will be an announcement later on the nhl. Social distancing is apparent across the country. You can see it and businesses are feeling it. Theres a long list of conference and meeting cancellations that is barely hurting airlines, hotels and
Two of the nation ooegss Biggest Oil Companies down. The clock is ticking for puerto rico. Major bond payments due this weekend fwlchlt. And why netflix wants to be like pixar. Well explain. As we enter the final trading day of the month, the s p is up. The dow is higher by. 7 and the nasdaq with gains. Consumer staples, up more than 5 hitting tom intraday highs this week. Although the 52week low list everything from sugar to gold to platinum to copper to oats to the mexican peso to the aussie dollar. The dollar suffered the best month since january. The real story in terms of the action in july was in commodities. Weaker. Many of them reaching multiyear lows. The dollar stronger and its hard to imagine the s p is managing to gain 2 in what was a bumpy ride earnings. Overshadowing some of the concerns about china and about greece. Earnings did it in big tech. Amazon up 24 in the month. Google up 23 . Big question i guess for august becomes the fed. Some would argue its a function of m
Young children of either gender so in the all voluntary military, this is a new thing where we have these children at home where these parents are doing multiple lengthy deployments. When i finish talking, desma took the microphone and said i just want to add something to that. She said, i am earned a lot of money during my deployment. I got combat pay and i chose to enlist and i chose to fulfill those orders. I appreciated having that opportunity to earn that money. I earned a lot more money doing this than i was making as a waitress at a truck stop, and i wouldnt want my experience used in a way that would deny anybody else the same economic opportunity. And so, she was essentially saying, you how in thorpe the author of this book might think its not a great thing deploy a single mom, but thats easy for you to say because you werent trying to raise my children on what i was earning. She told me later that she thought i was uppity, i think she meant upper class. [laughter] i think she
Immigration and you will see that, too. Varney company is about to begin. You know, watch out, the way it opens is not necessarily the way it closes. What happens in dow, nasdaq and s p futures is not directly to the equity equities. Theres too much damage shortterm to really have it correct itself just in a few days or a few weeks. Its probably going to take months. In the last half hour of trade, things start to change and move so you cant really judge from this pathetic, according to stuart, 362 point gain. Stuart disappointing. Disappointing. Stuart i didnt say pathetic, i said disappointing and i think ive got it right. And that was yesterday, what a rotten day. Look at it today. Dow futures point to a 350 point rally at the opening bell. Now well bring you big names poised to open and how those big names are going to open. Look at netflix, up about 3 , 29 minutes from now. Apple also up about 3 , 29 minutes from now, but still only at 106 for apple. The high was in the 130s. Wher