The trade fight drags on, theres going to be a recession by next summer. Right before the election. Both sides have dug in. All signs point to a lengthy fight. Thats that. Now the market. Following that huge selloff, we have a modest comeback this morning. Down 767 yesterday, maybe back up 100, 200 for the dow at the open this morning. The s p was down, what, 2. 5 yesterday. Its coming back this morning, less than 1 . The nasdaq which was down 3. 5 yesterday, back up 1 this morning. This is not a robust rebound so far. Modest, at best. Check Interest Rates. The yield on the tenyear treasury this morning coming in at 1. 75 . By the way, more rate cuts likely coming from the fed this year and rates in europe are still heading south. Hard to believe. Hardly any government over there pays any interest at all. As for the flight to safety, the price of gold this morning at 1478, up another couple of bucks. Oil, not calling that a flight to safety but a key indicator, 54 a barrel. So how you
Things. Stuart with me, hes not going to get away with it. He says kim jong un should be very, very nervous, china state media says this, if north korea shoots first, china stays out, if america starts it and tries regime change, china steps in. Face to face standoff and thats what investors have to live with as the weekend approaches. The possibility of Armed Conflict with the markets are closed. Each new headline will have new impact. Follow it all minute by minute on Varney Company, the friday edition is about to begin. Stuart so where we are in 28 and a half minutes when the market opens . Slightly higher across the board. Heavy selling from yesterday has not continued so far this morning. But, remember, the duh has dropped just 1. 25 since monday. Here comes a tense weekend, would you buy ahead of that . We shall see. How about the price of gold . Thats another twomonth high at 12. 91. Flight to safety. Oh, will you look at this. Its can you believe this. Jc penny resulted the res
And get your own irish coffee. Because you can walk outside today without the umbrella. Notice thats what ill do right now. Well see you in a couple of hours. Bob kelly, well, bus stop buddy, ya, bob kelly go, get ready to dot traffic, while bus stop buddy showing you, chim i outside this morning, temps in the positives, 40s, windchills in the threes, weather by the numbers, gives us a eight, out of ten today, were expecting plenty of sunshine, especially in the early part of the day. That will will be nice to see. Still, kind of wind any places, with wind gusts of 39 miles an hour, mount pocono, 31 Miles Per Hour lancaster, Atlantic City still windy and breezy here in old city. You can see old glory blowing, it is beautiful. 42 degrees, feels like 38, sunrise time, 7 15 this morning. And we have 40 degrees in allentown, pottstown, but only 30 degrees in mount pocono. Plan on high of about 53 degrees today. Increasing clouds toward the end of the day. We will talk about the next weathe