The china trade fight is clearly escalated. The president s holding on to a very strong line. Any resolution, it seems to me, pushed down the road. More on that coming up. If you combine the jobs report with the china story, heres how the market opens today. I thought we would be down about 100 points but we are coming back. We are down about 20 points for the dow. That will be 29 minutes from now. Maybe the markets taken the Financial News to mean that the fed can lower rates in the future. 600 points down the last two days, down about nine at the open this morning. The s p down about four, nasdaq down about 44. Tempering the losses. Heres another really big financial story which i dont think gets the right exposure. Interest rates. The tenyear treasury yield all the way down to 1. 88 . Money is pouring into america. Why not . Interest rates in germany today hit a record low. You want interest on a bond, you got to come to america for that and thats exactly whats happening. What a day
On capitol hill. This morning, Maxine Waters goes right at Facebooks Libra. Finally, bitcoin comes back down to earth. So there you have bitcoin at 9,400. So question, hows the market doing . As in the stock market . Look at this. No selloff. Still holding right at record highs. The dow well above 27,300 and the s p stays right there at 3,000. You want some action . Wait until you see the latest tweets from mr. Trump and wait until you see joe bidens polling numbers. The latest. Varney company is about to begin. Stuart hes not letting up. The president piling on with this tweet. Hammering away, here we go, the democrats in congress are getting nothing done, not on drug pricing, not on immigration, not on infrastructure, not on nothing. So much opportunity yet all they want to do is go fishing. The American People are tired of the neverending witch hunt. They want results now. Okay. Got that. Senator john kennedy echoing the president s remarks. Roll that tape. I hesitate to contribute
Hillary vaughn. Reporter source familiar with Republican Leadership in congress, says it is bestofthree really bad options they had. It is what they wanted to do, put the budget drama on the backburner for the next two years. Here is the deal House Speaker nancy pelosi worked out with the white house. Raise spending caps by 320 billion, including 22 billion for defense and 27 billion for Discretionary Spending. All that comes at a cost. The committee for a responsible federal budget blast its price tag, estimating the two Year Agreement could add 1. 7 trillion to the national debt. White house Economic Advisor this morning admitting the republicans didnt get to rein in spending as much as they would have liked. We never get spending restraint we like to get but i must say in the difficult atmosphere today, one of the key things that Steve Mnuchin, treasury secretary Steve Mnuchin, we got a two year extension on the debt limit. There is no threat to the credit standing. By the way in te
We will meet the victim and his lawyer. They say they are violent militant that need to be investigated by the doj. All that and much more on making money. Charles treasury secretary Steve Mnuchin briefing gop senators today about the debt ceiling budget caps or lack there of. This deal reached with the white house. Several republican lawmakers say they have issues and questions about it. After the details are hashed out, the house and senate will need to vote on the agreement, hoping to do before they leave on the august break. The question at this point how many republicans will back this deal . Here with details of the deal, reaction from capitol hill, hillary vaughn. Reporter charles, this budget deal is not the best of both worlds for republicans and democrats. A lot of lawmakers in both parties are finding some parts of this deal pretty hard to stomach. Why treasury secretary Steve Mnuchin is on capitol Hill Briefing gop lawmakers that have problems with this bill. Several have b
In the u. S. There is a pileon as well. Stocks are close to records. The president is to have a rally and brag about the records. There is still the tweet fallout that the white house has to dial. We have blake burman. Reporter this will resume this evening in greenville, North Carolina, where President Trump hits the road to later tonight for a Campaign Rally there. The president saying earlier today, he will talk about the economy. He will talk about the stock market. But he also tweeted the following saying i will also talk about the people who love and hate our country, mostly love. Of course the president ing to these four Democratic Congresswoman who have been embroiled in this back and forth feud with the tweets and comments he subsequently made. Democrats call the president s tweets an comment racist. Republicans are trying to turn the attention to the policies and controversial comments that some of these congresswoman have made in the past, coming to the defense of the presid