well, you know, if they only told you a hammer is a hammer and everything looks like a nail. that s what the fed is faced with. the fed can raise interest rateds as much as he wants. you have to live where you re looming. you can t move out when you want to. the second biggest component of the cpi is food. 14%. you re going to tell me that he s going to raise rates another 75 basis points and i m going to guy less bread for my family? no, it won t affect consumer behavior at all. charles: no. good stuff, dave. want to bring you back soon. thank you. sure, charles. charles: let s take a quick look at the corner of wall and broad. the dow rallying on this short trading day. all three major averages finishing in the green for the week. it was a good week. this time next week, we ll have the jobs report, maybe we just talked about the fed maybe clues
demanding more. demanding things that even the independent commission that was set out to look at and resolve these complaints between railroad and management, what they re asking for is already been rejected by everyone involved. so they re just simply hoping to frankly be the grinch that stole christmas and hope that they can get more than what they re entitled to in negotiations. no doubt the numbers sound sweet to a lot of people and haven t been able to enjoy. i will point out, the chemical part of this would be 96 hours before the official strike, which means there s a lot of pressure out there. we heed your call. i hope the president is listening. thanks, neil. thanks for having me, charles. charles: shoppers hunting more than even for steep discounts as inflation cuts to americans pay checks. dave dodson with how much hangs on this holiday shopping season. you know, dave, real wages have
MSNBC writer Ja’han Jones blasted naysayers skeptical of whether student loan handouts are economically viable, expounding on how they could "unchain" Americans from debt.
President Biden had previously expressed doubt about his ability to enact a sweeping student loan handout a controversial move that he has since announced.