Road map begins with china trade concerns, retails biggest sales decline in seven months, corporate earnings in focus. B of a rallying on a beat, futures point to a muted open. Capitalism under fire a bit democratic president ial hopefuls square off and taking aim at big business and personal wealth. And billionaire marc benioff will join us at post nine. Well talk tech regulation, capitalism, ipos and who he is eyeing in the 2020 race. Stocks are on track for a modest open a day after the dow close the above 27 k for the first time in almost a month s p finished shy of 3,000. B of a beats the street with quarterly results. On the economic front, retail sales were down. 3 in september. Revisions were better. Gas stations down. 7 people say maybe this has to do with gas prices. Perhaps it does when i take a look at what is going on, if you read between the lines with bank of america, which is just a gigantic bank, gigantic consumer bank, talking about 5. 7 growth in Consumer Spending ye
Points after a rally that saw all of the major averages up do you up by 227 points. S p up by 21 nasdaq up about a percent at 85 points a lot of people muling through and looking at some deescalation it still continued but let up a little bit trade looks like a sidelined issue or better. Much much lower but rising that made people feel like they didnt have enough exposure. The dow is up around 2,000. Russell 2000 is up first it is a catch up and then lets see how far we can stretch it overnight, with the headlines of the latest concessions, the s p futures shot up. We are up six or so percent. If we wanted to, we couldnt make new lows or deals it is fairly far away. You are in this zone. You have a cushion below you see the 10year 1. 726 it is good. It is good it is good always a good side, bad side of things. In asia, we did see the president tweeting about postponing tariffs sang high composite ended up in europe, if you look at what is happening there, right now, markets have barely
Enough times. Weve heard them enough times, they werent true then and they arent true now. The majority of economists have always agreed that there was another approach the government could have taken, rather than austerity, and we always argued, and we were right, that austerity was a political choice, not an economic necessity. As recently as march, the Party Opposite ploughed on, saying there was no alternative. To look at them how was no alternative. To look at them now suddenly proclaiming an end to austerity after 125,000 excess deaths as a result, after 100 billion taken out of the economy, after the worst decade for wage growth since the 19th century, just because there may be what . An election round the corner. And after all that, after all that, to deliver what is a pathetic sum to spending departments who are on their knees at the moment. Itsjust adding insult to injury. A government not just callous and uncaring, but hypocritical as well. This isnt a government, its a rack
The American People that something would change nothing has ever changed that it was never help for the people it was never help for the population it was always. Engineering bailouts for the elite for the connected for the powerful just as the suicide of Jeffrey Epstein was a bailout for a very powerful people as well here we see u. S. Credit card Interest Rates hit highest level and 25 years as a commie slows fed eases the gap between what banks are being charged to borrow money and what their target customers is widening once again according to the f. T. U. S. Consumers are paying higher Interest Rates on credit card balances than they have in 25 years the average rate on interest bearing card accounts topped 17 percent in may according to the fed data the highest in the 25 years that the central bank has been making the calculations weekly data based on credit cards dot com survey of 100 National Card issuers found an average rate of 17. 8 percent at the end of july another multida
Powerful just as the suicide of Jeffrey Epstein was a bailout for a very powerful people as well here we see u. S. Credit card Interest Rates hit highest level and 25 years as a commie slows fed eases the gap between what banks are being charged to borrow money and what their target customers is widening once again according to the f. T. U. S. Consumers are paying higher Interest Rates on credit card balances than they have in 25 years the average rate of interest bearing card accounts topped 17 percent in may according to the fed data the highest in the 25 years that the central bank has been making the calculations weekly data based on credit cards dot com survey of 100. 00 National Card issuers found an average rate of 17. 8 percent at the end of july another multiday decade its proof that the its not a Market Driven economy competition driven economy and stunt capitalism this is a top down dictatorship run by banks who can say that theyre going to give their friends on wall street