Next on booktv Laura Gottesdiener looks at the impact of home foreclosures and evictions on africanamerican communities around the country. This is a little over an hour. Thank you everyone for being here. I want to start by explaining some of the news you might have heard as you walked in. Its a mixed tape created by oral historians who wrote for the production to turn the oral history interviews into a recording. Its called home come to a musical for station in the struggle for housing and you can get a Free Download along with the book outside. Now lets began with a true story. The police were at the door. They were running footsteps on the stairs and then mrs. Bigs open up a man shouted. 9yearold tamayo bigs remembers the pounding of fists followed by the deliberate flood of a battering ram. She and her 7yearold sister justice had justin finish their cereal in the two were playing barbie in the living room of the flat in chicago where their family lives. It was the weekend and late
Administration are in thecross hairs. Here the president earlier day making it clear how he feels about anyone who is not on board with his tax and spend plan to grow our economy. Repeing obamacare and slashing budgets in education and research and infrastructure, thats not an economic plan. Theres no economist who says, well, thats the way to help middle class families. Were going to grow doing that. Shutting down the government just becuse im for keeping it open, thats not an economic plan. Threatening that you wont pay the bills in this country when weve racked up the bills, thats not an economic plan. You kno, thats being a deadbt. Louthe president is, in fact, talking longingly of a middle class he seems to have done his absolute best at times to beat down. Hes raised taxes on the middle class, said he wouldnt, presided over the diminishment, talks a lotbut the primary result has been greater dependency on government. He has shoved obamacare down the nations throat, a law that 533
S p within striking distance of alltime record highs. The nasdaq had its best close since 2000. Gold moved up 12, and oil by 82 cents as it edges closer to 104. A microsoft management shakeup is reportedly in the works. The tech company is expected to detail its largest Re Organization plan in 5 years tomorrow. Exxon mobile tops fortune magazines list as the most Profitable Company in the world with 44 billion. The oil giant is followed by apple with 41. A backtoschool spending splurge shopper trak predicts parents will spend more because the economy is stronger now than a year ago. Its exciting times once again for the stock market. Larry shover of sfg alternatives joins us now. Good morning larry. Good morning. The s p 500 cleared 1650. What will that mean to traders today . A big resistance point. Shortterm, its going to get more people off the fence and into the market, but intermediateterm, a lot of people are on hold because not Many Companies really report their earnings until t
Thats right. Following the averages, the dow, nasdaq, s p posting gains. We had backandforth action and seeing whether or not its four Straight Days of losses, in which case, it would be the longest losing streak; however, its turned around. Solid gains at the moment for the dow at 52 points. Jcpenney up 7 , as you noted, lori, at the top of the show, its jumping. Theres been reports, and theres an analyst covering this as well, but theres speculation as to whether or not they are true, but theres certainly a lot of people on wall street talking about jcpenney. Here it goes. The former jcpenney ceo will be stepping in the role of chairman. Mike, the ceo, stepping out. He was put in place in april to replace ron johnson, and notice how i keep saying replace, that is because jcpenney has been such a tough turn around, and the Options Market is going wild because the the Quarterly Report is due out on august 20th, and so people are vetting to the wild swings. Now, bill akman of persing is