Weak data still weighing on global stocks. Street smart starts now. Welcome to the most important hour of the session. We have 59 minutes until the closing bell. Countdown to a crimea about. What does it mean for how we are going to do with putin . The robots have taken over. The big threat to our job market. Matt miller is with me again today. Good to have you back. Is it . Or to the older people Say Technologies going to ruin the future. It is weird this happens to be one of our permit or technologists from your technologist premiere technologists. It is a hard time for those displaced from their jobs. Maybe better 20 years from now. In the meantime, a tough road ahead. A problem we will investigate. We areave the big stocks watching. For now i have my job. No robot. Yahoo is one of them. It is rising not on news, it is alibaba news, one of the best on yahoo has been its investment in alibaba, 24 stake. People are telling us that alibaba is prepping for a u. S. Ipo, not too long from
Nasdaq was strong. Technology, one of the better performers on the day. Investors betting lawmakers will reach a deal on the debt ceiling and avoid default dont. John harwood with the latest developments out of washington. Down to the wire, what can you tell us . It is down to the wire, but they are going to reach a deal. The senate expects to vote within the next few hours on that deal. Expect an overwhelming bipartisan vote in favor of the deal struck between harry reid, democratic leader, mitch mcconnell, that would reopen the government, extend funding through january 15th, lift the debt ceiling through february 7th. And that deal is expected, as i said, to go some time between 5 00 and 8 00. The house will take it up. They could be done in the range of 10 00 to 11 00. The bill would then go to the president. I just spoke to a House Republican who said that the at the Leadership Meeting just concluded. Speaker boehner, entire leadership indicated they were supporting this deal. The
Perfect santa claus rally, we have to know when that one transpired. See, this was the year we went from a bear market with bullish advances to an out and out full blown market. This is the year we finally vanquish the demons that haunted this market at the nasdaq top of the beginning of the millennium. This year things worked out. Hard issues were resolved positively. Good news translated at the end to, yes, good news. Right down to todays action, the stockmarket posted a 4. 1 domestic product gain with a darn good rally. The nasdaq soared 1. 5 . You might be shocked to hear we only just went into an all out bull market mode this year. After all the dow jones average went to 16,221 today. Hasnt that been a bull market . I would contend until this year, all we really did was make up the ground we lost in the crash in the great recession. In 2013, we finally saw big rally, not just a couple narrow areas. We had great ambassadorth thbre. It all must end badly or the politicians will neve
To how one gets to a closing guantanamo . I dont think it is that complicated once we decide the we are going to do. The argument been would be we will never really she because there is a risk if we release you. Thats not good criminal Justice Policy and i dont think its good counterterrorism policy. Everybody else down there that we determined for whatever reason we cannot release or weve tried and convicted them we will housing in the United States. There are many, many Public Policy arguments over the course of my great that a frustrated me. Its amazing how people lead to incorrect conclusions and then the same irreversible. But the notion that we cannot hold dangers people safely in the United States to me is patently absurd. And yet, it drives the debate. The reason that we have not close guantanamo, keep in mind, it wasnt some big liberal goal, gates, john mccain, george w. Bush said we should close guantanamo. Why havent we . Well, ill skip the political argument for the moment
With that, i yield to the chairman emeritus of the full committee. Thank you. This is a wonderful opportunity for us to make the Affordable Care act work. I remind my colleagues the last perfect law came off of the top of mount sinai with moses, written on a stone tablet. Nothing so good has happened since. I urge us to use our best efforts to see that this law goes into effect and works and that we carry out our responsibility to the American People. To see to it that we do everything we can to defend the laws of the u. S. I have heard some unfortunate things on the other side. They said we have to do everything in our power to prevent obamacare. Obamacare, get rid of it. Our friends on the other side have forgotten that. I hope they will continue to forget it. We have a chance to see to it that the American People get health care as a matter of right, not financial privilege. I am very frustrated, at least as frustrated as anyone else in this room, about the problems facing healthcar