Stay updated with breaking news from Patrice lee. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Issue. That and much more on making money. There is greating feeling about trade talks an shut kel button potential deal . Want to bring money map press, chief investment strategist Keith Fitzgerald to join us now keith, let me ask you, how surprised at you of this really over the last couple weeks . As usual throughout the last 10 years, it always felt like a stealth rally but even more so in the last couple weeks . Well it has, save the one thing you and i talk about frequently which is china will come to the table and Companies Look forward. Was it a surprise to me . No. Was the extent of the rally . Yeah, that was a little refreshing or surprising of. Charles we got retail sale numbers out this morning it was better than expected. As i look at this report, Motor Vehicle sales were strong. Absolutely through the roof ....
Rates. A couple members wanted to cut by 50 basis points instead of 25 basis points last meeting and most members viewed the 25 basis point rate cut as quote a midcycle adjustment. Members think trade tensions are far from settled. They expect trade uncertainty to persist. While the minutes are released with a threeweek lag and since they met, President Trump decided to move forward on further tariffs on remainder of chinese imports, it appears fed officials view actions like that likely to persist. So bottom line here, charles, while the fed cut last meeting it is unclear whether further Interest Rate cuts are going to be a slam dunk as they want to preserve optionality even in the face of ratcheting higher trade tensions. Back to you. Charles jennifer, thank you very much to help hash this out, President Trump continu ....
Making money. Charles stocks lower on Global Growth and trade concerns. Deirdre bolton at the New York Stock Exchange exactly what the inverted yield curve means. Why the market is selling off. Deirdre . Charles. A lot a cover here. We are off the session lows. If you look at dow. One putting pressure on dow, jpm, walgreens, goldman sachs. We know in the inverted yield curve position the banks have a tougher time making money through their lending business. So that is why we are seeing financials pressured overall as well. S p 500 not a surprise, charles at these levels. Higher interest, more money for having lent it for longer period of time. That is the logic of the bond market. That is how it works. At this point we saw inversion and essentially shows that investors, well, theyre just anxious about the future. Theyre anxious about the underlying fundamentals of the ....
The meade yeah, and even a far left talk show host. Democrats warn you will get President Trump elected. The jaw droppers from sanders and warren. We have it all. Now this. A tap obama democrat agreeing with us about what we have been telling you america wants and does not want. The polls show common sense mainstream america, the workmen and women saying nobody gave us anything for free. We work hard for what we got. Why does the hard left dodge and avoid answering questions about how well have to pay for their free stuff so we can feel good and morally right. To the new frontier as the democrats push backing in congress. The blue states are pushing back hard against the Trump Administration with policy fights they are taking to the fights. Their growing big role in deciding whats right for america. To the border. A new group of illegals crossing another border sector. ....
Hence were noon in the eastern part of the United States and it has yet to begin formally trading. Were watching that. Were watching crosscurrents of the markets, buoyed about prospects for possibly a china deal and lower Interest Rates at that came with it. Although off the earlier highs, largely on concerns we might be staring down a possible conflict if iran ever since they shot down a u. S. Drone overnight. The concern that it will spike oil prices. That is exactly what is happening but it has not spilled over into the rest of the market. President trump, meanwhile as we mentioned earlier will meet with canadian Prime MinisterJustin Trudeau with all his finance ministers in tow as well. Possibility of a proverbial pool spray. You know the drill with that. The ca ....