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In washington, lets kick it off with blake. Reporter we are seeing a backtracking away from china in a couple different places across washington today. Lets start with what we first reported exclusively on foxbusiness. Com on monday evening which is that the white house part, President Trump and his top advisers wanted to see the federal Retirement Savings plan that relates the federal government workers not have any exposure whatsoever to chinese equities. There was a fund that was shifted, about 4. 5 billion into chinese equities, that was expected to go into play, the white house said they did not want that to happen wanted to answer by the end of business today, that fund responded to the white house and said that they will not be putting the nearly 5 billion worth of government Retirement Funds into a fund th ....
Join me in raising a glass to the president of the united states. [applause] [whistles and applause] pres. Bush thank you all. Thank you and good evening. I always look forward to these dinners where im supposed to be funny. Intentionally. [laughter] really looking forward to hearing cedric the entertainer. I kind of think of myself that way. [laughter] cedric, did you hear that alaris line dutch that hilaire sinai had an organ that hilarious line i had in arkansas. Told me she was from du said is that next to the king . Thats what you call sophisticated rep partake. In montana i told a joke about a cattle guard which did not get a very big laugh. Actually, none. [laughter] but cedric i think you will appreciate this and you can use it if you want to. See, there was this city slicker who was driving around lost and he came across this old cowboy. And so the city slicker asked the old guy how to get to the nearest town. Mrs. Bush not that old joke. Not again. [applause] go sit down. Mrs ....
Please join me in raising a glass to the president of the united states. [applause] join me in raising a glass to the president of the united states. [applause] [whistles and applause] pres. Bush thank you all. Thank you and good evening. I always look forward to these dinners where im supposed to be funny. Intentionally. [laughter] really looking forward to hearing cedric the entertainer. I kind of think of myself that way. [laughter] cedric, did you hear that alaris line dutch that hilaire sinai had an organ that hilarious line i had in arkansas. Told me she was from du said is that next to the king . Thats what you call sophisticated rep partake. In montana i told a joke about a cattle guard which did not get a very big laugh. Actually, none. [laughter] but cedric i think you will appreciate this and you can use it if you want to. See, there was this city slicker who was driving around lost and he came across this old cowboy. And so the city slicker asked the old guy how to get to t ....
Dragged down by the more powerful bond market taking 357 points, s p falling. 82 nasdaq advanced a basis point, stunning comback but lets not get too carried away, still the worst woke for the averages since the financial crisis the bond market is bigger than the stock market we dont talk about it because its boring. But its important to the direction of your portfolio. Everythings wrapped up in bond yields always has been. I learned that 40 years ago. There are multibillion dollar programs that sell stocks whenever those yields go down. Its form got as lows a 1. 1 today, closing at 1. 16 thats a record low level, signaling the economy is growing weaker, and quality investors hide money in fixed income, coronavirus supply chain the bond market is screams that the coronavirus is far worse than most people realize Global Commerce will take a real hit and it might even be something similar to 2008 when all hell broke loose i cant te ....