At the nyse. Welcome, michelle. Hey, tyler. Thanks. We got a nice triple digit rally today. Going to start with a market alert on this big day for the markets. Robert pisani, whats the story about why were climbing today . Nobody is around in congress to say anything bad about the fiscal cliff. Everyone said, hey, were looking good president in bangkok said things are looking good. Pelosi came out, representative pelosi, speaker of the house, said we can do a deal. Everybodys happy. Then they all left. There is a recess. Nobodys coming back with a fiscal crisis. A week and a half. That means theres no bad news. What sectors were most beaten up in the recent election . Tech, telecom, energy and utilities. What sectors are up the most today . Tech, telecom, energy and utilities. Coincidence . Wall street. Dont you just love the whole thing . The important thing is were getting a little bit of gyrations in the gur reuro beca there is a finance ministers meeting tomorrow morning. Thats hel
This is i think, as you all know, a place where Public Policy and research meet. I bring together the world of ideas with the world of policy action. Very happy that tim johnson, the director of the Latin American Program is here this morning. And also want to acknowledge sal low star who had a lot to do with the planning, and this is an event were cosponsoring with immigration works, to tamar a jacoby, and Arizona State university, working on the issues. I want to acknowledge cardenas, a former governor and distinguished mexican colleague and many other good friends. And mane others back at the Woodrow Wilson system. And dan, who is out of government and into this civilian life. Theres no doubt the latino vote was important in this past election. When we put this together we didnt foe how important. This was an event that ambulanced ahead of the elections themselves and we started with a question mark, and decided to keep the question mark on there only because there are many people t
Expecting the u. S. Economy to grow to . The reason i raise this is to go down there and talk to policy makers and business people. We could have more taxes here, more regulation there. A little more cost of labor here. And a fair amount of uncertainty and take on one of the great economic miracles. They understand this thing they have a great economy growing rapidly is fragile and requires government to facilitate rather than later uncertainty. That is almost like a test tube of forcing. We had a time in which we had a huge amount of uncertainty. Comes from some comes from government action. We had an aggressive regulatory agenda. We have not made a certain investments we have made. You add that up and you have a period in which businesses are operating under huge weight. Creates the conditions under which businesses can operate in intellectual freedom. Among the things government can do is create the conditions under which cost [no audio] to allow businesses to innovate. One of the s
And economists warn the economic effects will be felt quickly if 600 billion in automatic tax increases and spending cuts begin to take effect next year. At this rate, it looks like lawmakers will celebrate new years eve at work if not resolving the fiscal cliff, at least trying to avoid the blame. Darren gersh, nbr, washington. Susie going over the fiscal cliff will not only have an impact on the national level, it will also hit states and eventually cities. If lawmakers fail to reach a deal before january 1, the cliffs across the board spending cuts and tax increases will impact how much money states get from the federal government. Ruben ramirez reports from washington. Reporter we all know the numbers. Failing to reach a deal by january 1 will result in 109 billion in automatic cuts to federal spending. And while thats a big number, what matters most to states and municipalities is the small print, detailing just where those cuts will happen. And Standard Poors gabe pettek says tho
And economists warn the economic effects will be felt quickly if 600 billion in automatic tax increases and spending cuts begin to take effect next year. At this rate, it looks like lawmakers will celebrate new years eve at work if not resolving the fiscal cliff, at least trying to avoid the blame. Darren gersh, nbr, washington. Susie going over the fiscal cliff will not only have an impact on the national level, it will also hit states and eventually cities. If lawmakers fail to reach a deal before january 1, the cliffs across the board spending cuts and tax increases will impact how much money states get from the federal government. Ruben ramirez reports from washington. Reporter we all know the numbers. Failing to reach a deal by january 1 will result in 109 billion in automatic cuts to federal spending. And while thats a big number, what matters most to states and municipalities is the small print, detailing just where those cuts will happen. And Standard Poors gabe pettek says tho