Weve seen a lately last hour selloff in this market. And we wonder if that will happen today on a month when this is usually the best month of the dow. Its been a forgetful month. But not for the Corporate Bond market. Pace record is being set and broken. Well see if that brings out the buy the dip. Interest rates are still historically very low. Its very cheap to borrow money for corporations right now. Weve got a lot of Market Information to get to over the next hour or so here. In a down market, this stock is bucking the trend. Dont look now but apple is surging again. Its now north of 550 and climbing. A ton of news driving it. Take a look. If theres still time to buy the stock at these levels. You could have gotten 100 more cheaply. More people bought it last year at 750. Theyre waiting for it to get back to that level. Saying pretty please. Also, very serious story out of motor city. Detroit is now broke city. A judge ruling a little a few hours ago the citys bankruptcy can go fo
A benchmark for credit markets source of world, as a safe investment. I hope as we have this discussion we can be candid about what we are talking about here. As we all know, if we do not raise the debt ceiling sometime soon, then at some point we will have disruptive consequences, because tax revenue is only 85 of all the money we are planning to spend, not 100 , and that means the other 15th percent 50 has got to be our it, and if not, then you have to make some decisions about what gets cut. That is disruptive, not where we want to go, and i hope the president will agree to actually address the underlying problems underlying problems that got us are so we can avoid it. Having said that, there is no circumstances under which we should ever tolerate choosing, willfully, to make sure that a missed payment would include a missed payment on the Treasury Security. Processing because of uniquely Important Role the treasury securities play. I was disappointed that the treasury secretary in
Long. It is a huge move the biggest one day move to the downside. The high we have seen is the alltime record highest with the concern of the latest numbers pertaining to user growth. We heard the average to a vendor 41 monthly users up 3. 8 and i should say just up it was actually the lowest growth since the Company Began disclosing the figures. He expects his confidence in the company expresses confidence in 2014 in the change of the layout how they will help users oncee3 they get used to live for mobile applications. He is out there touting this company. In the meantime, you see the stock representing the disappointment of the latest numbers revealed. Twitter is sam worthen 20 . This says the great day of austrias up 166 points and a full percentage point and a twister is hammered. Liz dont ignore the rally making money it is a wonderful point swing so we are falling back closely now lets get back to the top story the guilty verdict of the Mathew Martoma Insider Trading case he was
We will negotiate with you about anything. Would you accept a shortterm deal . We are going to look at anything they send us. Meeting,ng out of this they have changed on how much time they want on the debt limit. Lets just wait and see. We will just wait and see. They cannot decide what they want. Up until now, there has been a very clear position which is, we need a clean cr. We need to open the government before we engage in negotiations. To negotiateant before you reopen the government. Not going to happen. Are we closer to a solution now with this . Bysenator harry reid joined his fellow Senate Democrats Chuck Schumer of new york, dick durbin of illinois, patty murray of Washington State speaking to reporters following their meeting with the president. Tomorrow, the president has his final session with members of congress. Senate republicans will be at the white house. We are rejoined by Carrie Budoff brown who is following all of this as senior White House Reporter for political p
Established until the year 2000, the debt was 5 trillion. According to the policy center, the rivlindomenici panel, between 2000 and 2009, the National Debt roughly doubled. Now it will double again. The figures are scalding, and i am sure that the congressional panel, as well as simpson bowles, and i am sure Rivlin Domenici found the same thing. In 2020, it will be 1 one it will be 1 trillion a year just to pay the interest on the debt. By the year 2025, every set of federal tax revenue will go to Social Security, medicare, and interest on the debt. What is required as noted is to get through the default period because it will obviously raise Interest Rates and create real havoc in the Community Bank environment, most particularly, the ability to borrow and lend money, and then sit down aggressively and in a bipartisan fashion to focus on this runaway train. In 1950, the average person retired at 62 and died at 69. Or 65 and 69. Today, the average person retires at 62 and dies at 80.