The printed term president with this idea, lets talk of more states joining morocco, even saudi arabia, it was a trumped triumph so the media largely ignored, that is politics in the election, like money, the dow industrial this morning will open with a gain of 100 points, small change to the s p and a small gain for that nasdaq, the fed is likely to announce today that Interest Rates will stay low for years plus encouraging vaccine and virus treatment news from eli lilly, i got that, sally madeley and paul but the point about the storm, it is moving very slowly, that means drenching rain that goes on and on and maybe two to 3 feet of rainfall in some places, it is a big storm reaching from mobile to northern florida up into georgia and even the carolinas, it is wednesday september the 16th, i believe it is 47 days to the election, Varney Company is about to begin. Stuart[applause] i just have one thing to say ill tell you what if i had the talent of any one of these people, id be elec
A far better measure is the ten Million People who filed for jobless benefits in the last two weeks. Fed governor lockhart just told maria the jobless rate is already more like 10 . Clearly, we are in an employment crisis, and another report that comes up at 10 00 eastern will likely show the Services Sector in collapse. Thats a strong word to use but its accurate. Later this hour, we are going to talk to larry kudlow, the president s chief economic adviser. I will ask him how bad is it and he will spell it out. Look, with nearly 300 million americans under a stayathome order, the economy is shut down. Morgan stanley says that between now and june, the economy will shrink by 38 . That would be a depression, the likes of which we have not seen before. Travel, shut down. At the airport tsa checkpoints, they are processing two million fewer passengers every day. Thats down 93 from a year ago. Those flights that do take off, virtually empty. Public transit ridership, down 75 . Commuters ju
Tilt. Divided Republican Party could not deliver the votes to get things done. The president turned to democrats who could, now what . The president is cleared decks crowd of legislative calendar no longer quite so crowded and democrats involved limited tax cutting legislation looks likely to pass the republicans in disarray leadership stunned by the president s tilt conservatives furious democrats got what they wanted they are happy looking forward to december 15 when funding of government will be an issue all over again, sum it up this is a shock to the political system, it is a political realignment, in a moment we show you the markets reaction to all of this irma looks like eastern see board takes the ive got to start with irma, it is still a monster remains category five storm. It looks like it to hit the east coast of florida. Right hand side of your screen storms track on the left, youre looking at long gas lines in florida. As people are try to get out of the way. Mandatory eva
Broken out of the area and expanding faster than any time in the last ten years in my opinion, this is largely as a result of a trump presidency. Got is. Now look at this 900 billion that is how much apple is now worth. It is the most valuable company in the world. And this is how the stock will open today. A new high their profit reports late yesterday blew everybody away. Cant resist one more or very big number. Two p 268. 9 billion dlars how much cash apple has more than any other company and more than most governments. Got it. Stocks across the board theyre going higher this morning but not much but tax plan son the table good for business. Investors like this and they really love a physical profits not a bad way to start a friday. Varney company is about to begin. Big, big day for politics, of course, the money look at this President Trump i think hes if to leave. Joint based andrews hes headed to hawaii first that starts his trip to asia the longest president ial trip to that reg
No wonder the trump rally in reverse because they may not legislate what is needed for growth. Later, the president meets women who runs Small Businesses. Lets see if they have anything to say about lifting the tax burden on them. And this man, texas republican ted poe has left the Freedom Caucus which led the opposition to the obamacare replacement. And politics in turmoil, your money sinking, Varney Company is about to begin. I think we can safely say that the markets will open lower in about 28 and a half minutes time. Well be well into the triple digits, maybe 150 on the down side. And thats the debacle of friday and the future of tax cuts Going Forward of the look at goldman and jp morning, both dow stocks, they are going to be a significant drag on the dow industrials, both of them down very sharply at this point, thats premarket. How about the Health Insurance . Well, the Insurance Companies are not way down, but theyre all coming down this morning, again, not a lot, but theyre