Financial Review

Quick Shock


Listen Later

…..Wall Street shocked by Junior’s email chain. McConnell tries to rally support for BCRA. Still to come a budget and tax reform. Seattle raises income tax. Traders look to bank earnings. Small biz sentiment slips. JOLT shows strong labor market. Waiting on Yellen testimony. Net neutrality and an internet-wide day of action. The best deals around. Financial Review by Sinclair Noe for 07-11-2017   DOW + 0.55 = 21,409 SPX – 1 = 2425 NAS + 16 = 6193 RUT + 4 = 1413 10 Y – .01 = 2.36% OIL + .70 = 45.10 GOLD + 3.10 = 1218.20 The Dow Jones Industrial Average erased about 160 points in 20 minutes of trading today. The reason for the quick drop – an email chain from Donald Trump, Jr. that said the Russian government backed his father’s presidential campaign and was trying to damage Hillary Clinton.   When Donald Trump Jr. was first confronted on Saturday with evidence that he met last year with a Russian lawyer, he brushed it off as merely a chat about adoptions of Russian children. Then, on Sunday, following reports he was told the lawyer had damaging material on Hillary Clinton, he said the meeting was set up on a vague promise of information “helpful” to his father’s campaign. Finally, today, the younger Trump released a chain of emails acknowledging that he was told before meeting Natalia Veselnitskaya that her information came from the Russian government as part of an effort to boost the elder Trump’s White House ...
...more
View all episodesView all episodes
Download on the App Store

Financial ReviewBy Sinclair Noe