Was it the fed with so many voices calling for rate hikes . Was it the consumer or the earnings for some companies or the fact that oil seems to be unable to break . Every day we try to figure out what is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis that strikes at the very heart and soul and spirit of our national will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Ther
Every day we try to figure out what is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis th and soul and spirit of our national will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Theres some kind of aversion to owning stocks which i think is part of a genuine belief that the future will be worse than the past for many americans. Carter talked about a poisoned political envir
What is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis that strikes at the very Heart National will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Theres some kind of aversion to owning stocks which i think is part of a genuine belief that the future will be worse than the past for many americans. Carter talked about a poisoned political environment but the partisan rancor
With a promise, to give away 99 of his facebook fortune. The 45 million going to make the world a better place for his baby and other children. And let there be light. The worlds most famous Christmas Tree just hours away from lighting up Rockefeller Center today, wednesday, december 2nd, 2015. Announcer from nbc news, this is today with matt lauer and Savannah Guthrie live from studio 1a in rockefeller plaza. And good morning, everyone. Welcome to today on a wednesday morning. Big day here in Rockefeller Center. Going to be an even bigger night when about 300,000 people pack the streets behind us. They are all counting on one thing. Thats al rokers forecast for tonight, hoping there wont be rain when that Beautiful Tree gets all lit up. Al . Going to be nice. Were hoping that it is. You know what happens if that switch gets wet. Yeah, a lot of disappointed folks. Well check in with al to get the forecast in a little while. Lets start with our top story on a wednesday morning. Days aft
tonight on the kudlow report, not greece, china, nor the cold winter snows were able to stop stocks from rising this week. new investors create new wealth. i believe you can. better factor in a stronger u.s. dollar which probably means buying retailers, banks, transports and stocks, not commodities. by the way, let greece take its own lumps. not too big to fail. that will help world recovery. if the obama stimulus package is so great, why is the administration economic forecast predicting a 10% jobless rate this year over 8 #% in 2012. fellas, if you cut tax rates across the board, to create inessentisecentive incentives, it would be lower than what you re showing. the difference between failure and success. where s the republican message, obama s going down, but is the gop coming up? fasten your seat belts, everybody, the kudlow report begins right now. good evening, everyone. i m larry kudlow. welcome back to the kudlow report. let s begin with tonight s money poli