Competition is cutthroat. And today we let the economy play out once again as we have pretty much every day since this Earnings Period began. Dow gained 22 points, s p backsliding. 19 . Nasdaq declining. Theres a debate going on oddly which im in the center stage of of how anemic business in this country this quarter. The press, notably the wall street journal, is trying to make a case that business after all this quantitative easing, all this help from the federal reserve, is still depressed. I dont know. I see it another way. Many companies are doing extraordinarily well, particularly the Big Multinational Companies and the banks, the ones that dont have much competition. In fact, theres the fulcrum issue. If there isnt a lot of competition, the stock has been soaring if there is, then the storys been pretty soso. If its that simple, why doesnt everybody see it my way . First, they arent looking at the same thing i am. Im gauging the results of stock prices. Im measuring what the mar
Nbc headquarters. Thats an interesting percentage because lately weve seen the data getting better, but once again theres a disconnect, if you will, between the Economic Data and how americans feel. Theres no question about it. They are feeling much more negatively about washington. Not only is the president at 45 , congress is at 12 , thats their approval. Thats true. Record low in our nbc wall street journal poll. What the president is trying to do is leverage whatever his ability is to use the pulley bull pit to break a deadlock in the economic argument. Right now the two sides are so far apart. The best they can hope for is not to do damage to the economy this fall through some sort of a standoff over the debt limit in the budget is this going to be a speech filled with specifics, or is it going to be a higher altitude type of address in. Higher altitude vision speech with the president trying to make the case that, yes, after a generation in which the ascendant ideas have been mar
Terrible battleground, when it should be at peace. And we saw this once again today with the averages roaring higher at the open only to pull back over the course of the session. At one point in the red before ultimately trading back up, dow edging higher, s p advancing, nasdaq climbing. 63 . What is ailing this market . I think its the fact that people expect too much from it. They want a perfect world, they want something they arent going to get, some combination of low Interest Rates, cheap stock prices, the resignation of Bashar Al Assad in syria. Higher commodity prices, but low inflation, a president that says no new taxes and a congress that says we need to help create more jobs and were not going to worry about paying for it right now. I say, dream on. You arent going to get that combination. Its too much. Those leaning toward the bear camp, you need to settle for the following. One, while rates have, indeed and are going higher, theyre no longer climbing at a breakneck pace th
It is looking like a White Christmas in the midwest. The retailers are not celebrating this by any means. It is the Intercontinental Exchange. That is what ice means. Nicole i like that. They do not have a name yet. We had both ceos on the fox business at work earlier today. Moving to a new annual high today. They are making the move. They are making this purchase. This is at a 38 premium. I have to tell you, traders are not so happy about it. All right. Lets take a look at the dow jones industrial. The markets are pretty much mixed. Not too far off that unchanged line. Connell lets talk about plan b. We have rich edson on capitol hill. Rich even if it does pass, it is not in its current form going to pass senate. This seems to be the best opportunity, at least, to get something moving. Republican leadership is still trying to get enough votes. There are two amendments. Anyone getting a tax increase for anyone earning less than 1 million a year. Capital gains and dividends, less than 1
Witnesses t detailing the horro. Yes, in a plane crash and a bunch of people who still need help and there are not enough medics to help. There is a woman on the street on the runway who is pretty much burned very severely on the head and we dont know what to do. Jenna how calm the caller is describing that situation. Live in San Francisco with more. Reporter clearly a lot of frustration and panic after the crash. Now were learning effort to get everybody off the plane did not begin immediately. Were told the pilot told everyone to stay in their seat while he contacted the control tower. The lead for the cabin manager made an announcement over the pa for people to stay in their seats and to not evacuate. Reporter only when one of the flight attendants saw a fire outside that everybody starts to evacuate about 90 seconds after the crash. 2351st responders on the scene within minutes. They had to keep their distance out of an abundance of caution. There was a lot of concern the plane cou