Consumer spending. Gets you over 3 . Probably not. I would take the under on that. Very interesting comments from the former fed chair. He was great and listen, he deserves a tremendous amount of credit for what he did for this economy. The recovery was called the obama recovery i believe he had the large hand, but hes 100 right. Getting to 3 is going to be difficult because the driver of gdp in this country now is software. Is services. It is the Technology Component and that is incredibly difficult to measure. We are a different economy, we are a time and convenience economy and to get the 3 , its not going to be the old bulk economy thats easy to measure. The treasury secretary says its going to take two years to get to 3 . Economic growth. This is the market debate. Over the next few years. Either youre going to get levels of Economic Growth to sustain stocks at high levels, profits and otherwise or youre not. Let me cast a scenario in which you get that 3 growth and a lot faster t
Im michelle carusocabrera. We have a new trading month under way. Its been a narrow mixed session and then some volatility here in the last few minutes because of what President Trump said. Nasdaq outperforming the dow and the s p 500 again hitting another record interday high. Speaking of highs, check out these names. Price line trading at an alltime high back to its i po in march 1999. Yes, that would be an alltime high. Electronic arts alltime high in 1989. Dales force, ditto, ipo june of 2004. Ceo marc benioff will join jim from San Francisco tonight on mad money. Jim cramer, of course. Melissa, check out shares of tesla up more than 3 today. So far the stock is up this year, get this, more than 50 . First, though, to dom chu with breaking news. What we are watching now is a move in the financial stocks, big bankrelated ones on the heels of bloomberg headlines saying that President Trump is weighing possibly a revival of the 1933 act, xheshgs banking operations. He told reporters i