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the precedent, go around paying american companies no t to move. now, again, let s remember, carrier is still moving hundreds and hundreds, maybe thousands of jobs to mexico. that is still happening. they ve temporarily paid them to keep 850 jobs or so in indiana, for now, we don t know for how long. this is not a sustainable precedent. because, again, it s the stadium rule. i lived in mooiami for a long time. you have teams who say, we want a stadium or we re leaving. we re going to pick up this team and leave. that sort of extortion model is not something you want to set a precedent for american companies doing, say, give us this set of millions of dollars of tax incentives or we re moving our factories to china. that s not a good precedent. and yamiche, at the same time, we can all hear the voice of jimmy stewart, it s the holidays and we re not hard-hearted, and we think of a thousand people keeping their jobs, a thousand families stay in the school system, they need them folks t
lynn, back to this, this carrier thing because donald trump s businesses do a lot of business overcease. he has many of his goods for his companies made in china, so technically could he force his own companies to do more business in the united states? well what he could do right now, carol, is force his businesses to buy american. a point that was made, you know, during the campaign. he hasn t been bully pulpit and we ll see with carrier what the details are. but you know, companies won t just bend to a request without often some sweeteners. and there s a big debate over what city, county, states, and ffg do to keep businesses. also, you have to look out and see are some companies doing, you know, head fakes? and the other issue is, something called a corporate inversion where they just do bookkeeping sleight of hand to try and avoid u.s. taxes by
than distributing it but at the same time we have to invest more in education, and so which is it? i mean is he happy, you know that there is some progress made in the direction, or is he saying there is work to be done if. i think he said the government stalls trying to get this done and interesting headed into the 20 16 election right, who is he going to support, who is wall street going to support, and, you know, he has, in the past been very positive comments about hillary clinton, so i asked, are you supporter of hillary clinton. he said, you re asking me endorse before they are running. he gave indications he was a supporter there. he s putting it on the government to say we need to make more progress on this front, behooves us all. people look at companies, goldman sachs, a number of companies across sectors and says well what are you companies doing, and he said we re doing a better job of making money in this country than distributing it. what is that going to mean going for
four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europe s debt problems and also mentioning what they call policy mistakes in the u.s. and also the drama about the debt ceiling. they say, overall, consumer confidence, business confidence, almost this negative feedback loop we are on the verge of people being so worried and not able to break out of that. lowering their global growth forecasts and enough to shake a shaky market which bank stocks in europe are down and real concerns about the debt crisis in europe. still even after france s aaa rating was reaffirmed. an icky situation here this morning. the dax and ftse is down and cac is down also. bracing for a big sell-off this morning. saw new data from the united states. joble