editorial report. we hook ahead to 2024 and a new set of challenges and opportunities for the country. i m edward lawrence in this week for paul gigot, and we begin with the u.s. economy which defied expectations in 2023 as inflation fell and recession fierce faded. now the santa claus rally in the stock market giving us another record close this week for the dow jones industrial average and the federal reserve signal rate hikes are done and cuts could be in store for 2024. let s bring in jason trennert, he s the chairman and ceo of strategists and investment strategy firm. jason, let s start overall here, we get this. you know, overall we get some the contrarians won in 2023. so people were projecting the most predictive recession in history, and it didn t happen. so is the recession then off the table for 2024? edward, it probably is. i will say that the recession didn t happen in 2023 partly because we ran a budget deficit of close to 6% of gdp, $2 trillion at full em
to ringing in 2024 here in times square. this is america s city we are proud to host this major event to big. each year we handle this enormous undertaking. we do not do this alone. we are in lockstep with the federal, state, local agency partners appeared including the times square alliance to enjoy a safe and enjoyable event for all. molly: the well-prepared surrogate 2020 port new york city is ramping up its police presence with the iconic ball drop it you are looking for the times square courtesy of birth. by this time to market is expected 1 million people, yes when it million people will be packing and therefore the world s biggest new year s eve celebrations but welcome to new our fox news live i am a molly line. i rich. new york city mayor eric adams says there is no credible security threat to the ball drop but thousands of officers will be ready if for instance pro- palestinian groups threaten to storm times square purred early this month at several protesters w