use promo code prepared60. get the comprehensive identity theft protection you need and our $1,000,000 service guarantee. [clicking, .] bill: now we re going to put new a good mood, aren t we martha? yes we are. more talk of that dreaded double-dip recession after another dismal day on the street. watch the dow starting from yesterday s opening bell to the end of trading. we ended up down about 391 points, that s off about 3 1/2%. you tack on the big losses from the day before and we are down 600 in seven six # five points between trading on wednesday and thursday alone. take a look at the market right now, off about 35, 36
i think some of the people who voted against democrats in this election, especially independents and women who have been critical of the president for not paying attention to the jobs issue and the economy, would again say, wait a second. this is the wrong time to be leaving town and i think you picked up on it, exactly right, martha, the way the white house has to package it is, we are taking business leaders and about keeping america competitive and encouraging more creativity and innovation with the trip. it cannot be simply seen as president obama as world leader. martha: how do you think the meeting will go when they get together? we remember it took 18 months in the beginning of his presidency, for him to sit down with mitch mcconnell and, they have been at odds on a lot of things, to put it mildly. does it help to have nancy pelosi not in the the picture when he sits down with these folks, do you think? well, i think that he has nancy pelosi there, it becomes
welfare reform, a number of things that ingratiated him to both sides. we talked about the tax cuts issue. people want spending cuts. we covered the exit polls, the other night clearly they want smaller government and want to see significant spending cuts. is this president going to go there? again, we don t know. he didn t really mention that yesterday. i proposed in my wall street journal op-ed there be a freeze on discretionary spending at current levels and cuts in the defense budget, but again, we re not clear where this president is going. we re also not clear, to be fair, martha, whether the republicans are serious about cooperation. one of obama s initiatives may well be to say look, i ve tried to extend an olive branch and they re not prepared to cooperate f. in fact he doesn t hear what he wants to hear. martha: mitch mcconnell has already signaled there are areas they do not want to compromise on, so we ll see what happens. doug, always enlightening to speak to you and i
bill: then there s the counterintuitive that says if you do this, you will fend off both. that s the answer. and ben bernanke is in the washington post today with an editorial with his reasoning about why they re doing this, that inflation is too low, on the same day that the wall street journal is writing a story about the skyrocketing prices of food, everything from sugar, milk, beef, coffee, cocoa, companies like mcdonald s and general mills and kroger talking about, well, we might have to raise prices. that s inflation for every day folks. bill: we ll check you out on fbn today, okay? ph elgan mcdowell, thank you. and you can see the prices increasing, in every day life, you see it every day in new york and i m certain folks around the country are seeing similar things. martha: all right. this is a very disturbing story to tell you about, an explosion that was heard mid-air, a passenger plane, forced to make an emergency landing. we re going to tell you what caused this sca
were called in, anyway, so was the fbi. that item contained a cell phone and paperwork, so all clear at jfk, late last night. martha: back up to dulles, let s take a back to us, let s look at the numbers of americans filing claims. last week, 457,000 people applied for jobless benefits, that is an increase. analysts now saying that that number, and they vary on this, but it needs to be at least below 430,000 to signal any actual job growth in the economy, so that s a long way to go. bill: in the meantime we have a dramatic rev up, the government saying it will sink $600 billion into government bonds in a hope to increase consumer spending and investment and start a chain reaction of creating jobs. da dagan mcdowell, good morning, i think they call it the hale mare hail mary pass. that s what the federal