About 2. 25 points. The market closing lower once again today, adding to the losses we have been seeing since the election. Is a deal in washington what investors are waiting for to get back into the game . Joining me now is ben pace from deutsch back private wealth management, Scott Collier and our own mandy drury. Good to see everybody. Ben pace, what is behind this selling, and when will it end . Whats your take . I dont think its really economic right now, maria. I think its pretty political. Every pronouncement weve heard over the last four, five days has decreased the likelihood were going to have a quick resolution of bargaining that has to happen in washington. Again, it has to happen. It increases the likelihood that we fall off the cliff for lack of a better term. We still dont think thats over the 50 probability. It was probably 25 to 30 mow. Thats why the markets are where they are. Theyre starting to hit levels now where theyre looking attractive from a dividend yield pers
Transcripts For CSPAN2 U 20110623
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that was in china. that s the definition of a man without an exit strategy. did he say that? good morning everyone. it s friday, november 19th. yes, you can have your blackberry, andrea. we re in washington. you can have it. mine goes off during the show. it s no problem. pat buchanan joins us as well as nbc news chief foreign affairs correspondent and host of andrea mish el reports andrea mitchell and chief msnbc washington correspondent norah o donnell. and in new york we ve got willie geist. willie, rave reviews coming from andrea mitchell by the warks you can have your cell phone on ton set because you have at&t and it doesn t work. it won t mess up any transmissions from our microphone packs. andrea gives rave reviews to george w. bush, got a huge standing ovation when he walked out. well she s clarifying. i want to say he was very funny on leno and got a great audience reaction. at the beginning, the famous pat-down scene, sort of a tsa moment. d
governors from aren t country have to deal with state legislatures. they understand that the mood is to do in their state what arizona did in that state. so, they want to be talking jobs, about the economy. they want to be talking about what the democrats are doing in the way of stimulus. now back home there s a lot of conversation about arizona. and a lot of support for the arizona law. and the administration coming out against the arizona law is not going to help democrats. greta: why do you think the white house and the justice did this now? were they not thinking? i chalk it up a lot to politics. if you go back to 2008 and compare the votes president obama got compared to what senator kerry got in 2004, five out of seven votes that barack obama that john kerry didn t get are black or brown. increased turn out in the black and brown communities significant any. significantly. he wants to be in the midst of a high profile campaign seen by the hispanic voters as being
have to deal with state legislatures. they understand that the mood is to do in their state what arizona did in that state. so, they want to be talking jobs, about the economy. they want to be talking about what the democrats are doing in the way of stimulus. now back home there s a lot of conversation about arizona. and a lot of support for the arizona law. and the administration coming out against the arizona law is not going to help democrats. greta: why do you think the white house and the justice did this now? were they not thinking? i chalk it up a lot to politics. if you go back to 2008 and compare the votes president obama got compared to what senator kerry got in 2004, five out of seven votes that barack obama that john kerry didn t get are black or brown. increased turn out in the black and brown communities significant any. significantly. he wants to be in the midst of a high profile campaign seen by the hispanic voters as being on their side in the immigrati
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