40 word years and still feel that way. But it was fascinating. I met wonderful people. And that awful people and i met with a much clearer understanding of how it sometimes can happen and why change also doesnt happen that i think has been really useful to me and how i talk to people and how i write and so forth. It would be really useful if i ever went back in a Different Administration in different plays. When people come and say should i do this, i usually say absolutely. That doesnt mean you should stay forever. If you care about any Public Policy issue by the on the new National Care decide whether domestic policy side, if you care about being an advocate or a reformer, you will learn so much that is valuable in your credibility will be forever higher if you go and learn a little bit or how it works and how it doesnt work. I think it is a great thing to do. The one danger is people can get corrupted very easily. It is easy to go insane and part of the solution and that is becoming
The nasdaq has actually been leading today. That is a bit of a switch. Technology has been going in the same direction as other averages but an exaggerated move. A different scenario memo we have seen recently. The s p and dow remain lower and they remain lower than oil prices peered yesterday, we saw stocks drifting lower even as oil held up well. A different story today. If you look at oil, were seeing it down 4 . It bounced off the bottom, but still below 30 a barrel. Oil stocks are weighing on the major averages. We are seeing a lot of big percentage declines among the energy producers. Southwestern Energy Company particular, down 14 . Murphy oil, devon energy, a lot of these Energy Companies have come out in the past week or past couple of weeks talking about various ways to raise cash, whether it is sharing selling shares, cutting dividends. That has been weighing on them, also. Alix a lot of these guys reporting earnings next week like southwestern energy. Aside from oil, we had
Gainers giving up some momentum. In the markets, but a pause. Joe the dows smallest move in six days. The first day the s p did not move a percent in either direction. So a pause is a good way to describe the day. At no point did it ever get a that exciting. Except maybe for ibm. Ibm added 47. 2 the dow. The idea that whatever kind of support we did was just buy one company. Walmart selling off, so there were interesting stories on the individual level. Alix i did want to point out where we came from in just one week. We saw that low and the huge , nonetheless seen climbing higher. It was such a stark reversal from just seven days ago. Really an unbelievable comeback. Joe one interesting thing is despite the egg rally we have seen since thursday, still not much signs of life in the Interest Rate market. Hitting their lowest since february 11. Not seeing much of a bounce back in yields. Alix which is interesting. Another interesting thing on the currency front the british pound seeing a
Around a thousand dollars a year. And some very detailed microdata that ive seen on Household Spending patterns aggests that there may be linkage, as you would expect, from reduced amounts that people pay at the pump to other spending, like eating out, restaurant meals and other things. The aggregate data, you know, is spending isg and not as strong as it could be given the decline. And of course, on the other side, it may be that it will take a while and it is something that will slowly strengthen stay low. F oil prices on the other side, we have seen a market decline in drilling inivity, a marked decline drilling activity. Impact oilt to prices on inflation, the committee has generally tended to look through movements in oil prices, whether they were on the outsider on the downside, viewing it as a factor that should have a transitory influence. Is, i say that, what i mean if Oil Prices Move up during the inflation,t raises but they dont need to move down to previous levels for that
Joe digenova, who is Bryan Pagliano. He was a former state department employee, former contractor, who was and former Clinton Campaign worker, who was hired by Hillary Clinton to install a private server to do all of her government and personal email correspondence at her home in chappaqua, new york. He was also employed by her as a computer adviser at the state department. He has been granted immunity, correct . The federal prosecutors at the department of justice have granted him immunity, according to published reports. And what is first of all, what is immunity and what does that mean . If it is statutory immunity, which is where you go before a judge and the prosecutors say, we want to be able to ask this question this person questions in front of the grand jury, if its statutory immunity, it means that anything he says in the grand jury or in the interviews with the fbi and the prosecutors can never be used against him. But more importantly, anything that he says can never be use