thank you. the u.s. trade deficit surged in june by 18.8 points. reaching the highest level since october of 2008. applications for home loans were up .6 of a percentage point despite lowest interest rate in decades. stock lost 2% today. the dow dropped 65 1/2 and is now under water for the year. s&p 500 fell 31 1/2 and the nasdaq lost 68 1/2. social security will pay out more than it takes in this year. people are scrambling for solutions. chief washington correspondent jim angle looks at the cause and effect. good news and bad news and one in the same. the good news is americans are living longer and enjoying more years in retirement. the bad news is we can t pay for it. social security was created and life expectancy was 65. it was never designed to last
thank you. the u.s. trade deficit surged in june by 18.8 points. reaching the highest level since october of 2008. applications for home loans were up .6 of a percentage point despite lowest interest rate in decades. stock lost 2% today. the dow dropped 65 1/2 and is now under water for the year. s&p 500 fell 31 1/2 and the nasdaq lost 68 1/2. social security will pay out more than it takes in this year. people are scrambling for solutions. chief washington correspondent jim angle looks at the cause and effect. good news and bad news and one in the same. the good news is americans are living longer and enjoying more years in retirement. the bad news is we can t pay for it. social security was created and life expectancy was 65. it was never designed to last