Significant rally, up eight at the opening bell, a gain of 55, urging the fed to cut rates. We wait to see when the fed is. Some money coming out of treasuries. I want to see it but cant, dont have it but it is up from the historic low of one. 03 , it is one. 12 as we speak. Politics. A mad scramble by the democrats to support joe biden and beat back the bernie challenge. Amy klobuchar and Pete Buttigieg throw their support to biden, beto reappears to back him up. This is desperation time. Today bernie is expected to win the california and texas primaries, all hands on deck for the moderates, they are panicked at the thought of the bernie nomination but there is still bloomberg. He says even if he doesnt do well today he is not bowing out. Democrats are locked in a 3way battle, totally split, at war with themselves. Just wait till you see joes latest gaffes, that is plural. Varney and company is about to begin. Tomorrow is super tuesday. I was waiting for a black man to pick me up and
To war. The nightmare stage of trumps rule is here, says michelle gold berg in the New York Times and paul krugman simply calls our president a bully. Democrats lining up to attack the president , Bernie Sanders says hes like putin. Assassinating dissonance. Meanwhile, theres real chaos, where hundreds of thousands on the streets for the funeral procession of Qassem Soleimani and then a stampede. Iranian state news media says more than 30 are dead. Overall this is a morning of confrontation, war talk threats and military preparations and as for the market, a shrug. Monday the dow made a 200point uturn and actually closed higher. This morning were looking at futures, minor loss for the dow and the s p, a 10point gain maybe for the nasdac at the opening bell but look at oil, another shrug on that market after the Soleimani Killing the price of oil moved to 63 64 a barrel today its back to 62 and the price of gas, Holding Steady the National Average still right there at 2. 58 per gallon.
Goldman sachs talking up a Strong Economy for 2020. Jpmorgan talking up another market rally next year. And our longterm guest is again talking about a market melt up. Look what we have right now. We will open the dow slightly lower, maybe 40 points down, but the s p is going to go up a fraction and the nasdaq is going to go up about a quarter of 1 percent. Now this, the down side of Americas Energy independence. We are producing so much oil and gas that chevron has had to write down its shale assets to the tune of 10 billion dollars. We are energy independent, that is good, and gas is cheap and getting cheaper, and thats very good, yes, it is, another trump win. Big show as usual. Varney company is about to begin. Im not sure about that animation right there. It is kind of wrong, but i believe weve got a sound bite for you. Are we going to play that one . Yes. There was and never has been any evidence of collusion, and yet this campaign and the president S Administration has been domi
Where might it be signed . How about london in early december, when President Trump attends a nato summit . Theres a lot of speculation that xi might be there. Well, that is magic to the market. Stocks are going up. Look at this. The dow industrials will be up well over 100 points, maybe 140 points. The s p 500 is going to be up about 10. Thats. 33 . The nasdaq will chime in with a 30point gain. That would be about. 33 or more. Here come more record highs. All right. Now, how is this for a headline . Turmoil at one of the most powerful companies in the world. Google. The board has opened an investigation and hired an outside law firm to look into Sexual Harassment and misconduct. Shareholders and some employees are not happy with the big severance packages given to executives who are being forced out. At the center of the probe, andy ruben, who ran the android division, and David Drummond, googles chief legal officer. This is not a story about the stock. Its a story about relationships
Despite it all, were close to record highs. Free speech is in the news. Nba commissioner, he stood up to china. They wanted the Houston Rockets general manager fired after he tweeted support for the hong kong protesters. Adam silver told them were not going to do that. Free speech item number two. Facebooks Mark Zuckerberg, he says hes not going to Police Political speech, and hes not going to ban Donald Trumps tweets, as Kamala Harris demanded. Big deal. Big show. Youre going to hear what the president had to say at his big rally last night. The brits, well, theyre on the brink. The brexit vote is hours away. And alec baldwin slams the demonization of wealth. What . Varney company, the very special friday edition, is about to begin. After decades of economic surrender, i have taken historic action to confront chinas rampant trading abuses and weve made great progress and our relationship with china is fantastic. But now were taking in billions of dollars. Theyve had the worst year the