Road map begins with bracing for the fed. Stocks near records, the market meltup continues as the president weighs demoting the fed chair, lets see what he does. Head winds for facebook, the tech giants cryptocurrency plan greeted by a wall of regulatory and data concerns in washington. And huawei ceo downplaying any revenue impact of a u. S. Ban on the company in an exclusive on cnbc. Federal reserve policymakers will conclude their two day meeting today. A policy statement will be issued at 2 00 eastern time. If the fed does not cut rates today, investors will look for indications it may do so later this year. Powell will hold his usual post meeting News Conference around 2 30 eastern well bring you live coverage obviously. Generally i would say, jim, consensus is no cut today. But maybe clearing the decks for as much as 50 next month i spoke with lance fritz last night, Union Pacific he said something very interesting, he said, listen, he supports tariffs in principle. But understan
Cents. The price of gold holding steady. Its up just a little. Have we got a price there . Okay. We will get to it later. Its 1300 an ounce. What did you say . 14 . Gold is 1400 an ounce this morning. Big gain yesterday, a fractional gain this morning. Got that. Investors do not know what to make of this. Chinas leader goes to north korea. Interesting that right after that visit was announced, President Trump called xi jinping and worked out an extended meeting. So its a threeway dance and no one knows whether it helps the trade talks or not. Look at this, too. After a big rally yesterday, no significant pullback this morning. Yes, the dow, the s p, the nasdaq, they will all open lower but all three are still at or very close to their alltime highs, despite whats going on around the world. Go figure, maybe. Friday morning. Varney company about to begin. Stuart want you to see the video. Look at it. Its cooling down a little bit now but that was a massive explosion at an oil refinery in
Was set to take off, but the gravitational pull of reality kicked in. So the big question, of course, is what happens next. Weve got daniel shay robli n to help you with that. And, of course, whats the difference between solvency and liquidity . If ill ask economist Julia Coronado on how much longer america can keep up this mindless spending. Meanwhile, bank shares are higher, ill have Eric Najarian if the crisis is over, whats going to happen with the Smaller Banks. And the most dangerous time the world has seen in decades according jamie dimon. Ill ask Brad Hirshfield how he sees it, this ugly, ugly period. All that and so much more on making money. Charles so scanning the skies around the planetted today, we can see the impact of one of mankinds greatest inventions, talking about the rocket. It has changed the course of history, and it can be used, of course, for evil as russias doing in ukraine. A source of security as israel is attempting to do as they seek out terrorists in gaza
For its biggest acquisition yet. Yahoo shares move higher after the board approves a 2 billion stock buy back. This as it prepares to spin off its stake in alibaba. What a weekend itsz beens been for markets. Yesterday we did see it strengthen against the euro. A lot of focus for yemen as well. A lot to digest. Thats been one factor but if we look over the last four weeks last week was the first week of gains for u. S. Equities. We thought that might be the turn around and this week once again very volatile and negative for u. S. Markets. It was one of the biggest underperformers this week. A lot of that having to do with bio tech. A little bit of a rebound yesterday. Lets take a look at premarket trade. The dow jones indicating a higher open up by 9 points. S p 500 down fractionally on the day. Well keep an eye on free market trade throughout the show. Take a look at european markets. A lot of focus has been on the currency market. We did see the euro gain ground over the last couple
Democrats hold the gavel this time. Monica alba is in charlotte, north carolina, and Geoff Bennett at the white house. Hes been covering the u. S. Postal service for us. Monica, any way you slice it, the rnc has a tough act to follow, following last weeks democratic performance. How are they going to do it . Exactly, steph. You could argue they also have an advantage because they were able to see what the democratic counterparts did and modify based off that. Were here in charlotte where you may see what resembles the most normal convention in an unconventional year. There will be delegates gathering in person later this morning to do an official roll call to renominate the president and Vice President. No word on whether well have calamari but youll have speakers from each individual state taking a couple of minutes to talk about why they feel that way. The president and Vice President are expected to be in charlotte. Its unclear whether theyll exactly come to the Convention Center bu