A procedural vote. Just before midnight last night, both Senate Leaders went to the floor to blame each other for not coming up with a good deal. The bill were voting on will affect us for not just in the days to come but in the months and years to come, and we need the best bill possible. We, democrats, have seen some real flaws in the bill that was put on the floor by the republicans. We had a good bipartisan bill developed on a bipartisan basis with members in the senate over the last 48 hours until the democratic leader and the speaker of the house decided to blow it all up and play russian roulette with the markets. So far, senator mcconnell was right about the markets. Take a look at the futures, down big time. Senator schumer and treasure secretariy Steve Mnuchin are set to meet as we speak and the senate is expected to reconvene at noon. I want to go straight to Garrett Haake on capitol hill. Where do things stand right now . All weekend long we heard were getting closer, were
Long this weekend. No. You want to rein in your horns . If i want to buy something, ill buy protection and in the puts and vix but i wont go long. Are you going to be buying what hes selling, Matt Cheslock . If you want me to. No way im throwing in the towel now. The market has gone away from me. Im going on the same premise as ben. Volatility has been awesome as far as trading goes. A 170point reversal. Dow down 116 on the open and then even more than that. Wonderful trading down here but maybe a sign of a little bit of a top. You feel we are getting a distribution top here. Not accumulating. No way im going home long. The sky isnt falling from sequestration so thats a good thing, too. Were focused on hoops right now. Got a little playoff game. Good to see you guys. Have a good weekend. Pleasure. 15 seconds left. The dow up 25 points, a volatile week comes to the end. What will the month of march bring . Well resume that again on monday. Have a good weekend. If i dont see you later, m
Of your retirement today. Snoop i get a little time off next week. Martha yes do you. Bill lets settle this right now are you going the ravens. Martha im going the ravens. Bill why are you doing that. Martha i did a little more research and i thought im going to root for the ravens. Bill she you. Byebye. Jon we begin with this fox news alert, one person has been killed in a terrorist attack at the u. S. Embassy in turkey. A homicide bomber setting off the blast in front of that facility today killing a turkish guard. Several injuries also reported in the explosion. The u. S. State Department Says it is working with Turkish Police to investigate the attack. It is also warning american citizens in turkey to avoid highrisk areas and to remain alert. The story still developing right now. Much course we will continue to keep an eye on it, bring you the latest coming up in a live report. And right now, brandnew stories, and breaking news. Jenna the hostage crisis involving a fiveyearold boy
Recession since the great depression, the divide between the rich and the rest is still deep. Can there be a real economic recovery if everyone cant say its 78 and sunny . Stephen moore, chief economist of the Heritage Foundation and a coauthor of a new book. Austan goolsbee, professor at the university of Chicago Booth School of business. Gentlemen, thanks for joining us. The economy we learned this week shrank in the first three weeks of the year. 1 contraction. First time in three years. Blame it on the weather, kept shopper out of storesance house hunters out of homes. Looking backwards. Looking forward, growth as high as 4 this quarter. Stephen, is this a recovering economy . For the past 15 years, a bipolar personality economy. You get some months where you get a nice buildup in the economy, and weve had 3 or 4 growth, then it tumbles again. Thats been the pattern throughout really this fiveyear recovery. I would say for most americans theyre still very worried. Americans are the
The election. After a rough Midterm Election day, the democrats were sizing up a new political dynamic at the white house over power lunch. President obama hosted a dozen democratic and Republican Leaders for a nosh in the old family dining room of the white house. The president announced that america is hungry for cooperation. The American People just want to see something get done here in washington. They are frustrated by the gridlock and would like to see more cooperation and i think all of us have the responsibility, me in particular, to try to make that happen. The meal was followed by policy and briefings by pentagon and Administration Officials on key issues ahead of the lame duck session of congress. It is worsds hoping there were libations on hand to ease postelection tensions. The lunch comes a day after an emboldened house speaker, john boehner, warned the president would get burned by acting alone on Immigration Reform. And Kevin Mccarthy issued a similar but slightly mute