president trump s tough talk on china with china on trade, that is a concern. a looming debt ceiling drama and possible government shutdown if no federal budget is passed. potential disruption by hurricane irma on top of damage done by hurricane harvey so there s a whole buffet of worries on wall street. and september is the worst month for the stock market. it s the only month with a significant negative average. investors traditionally refocus after summer and that can cause some anxiety. the president continues to push for tax reform, something investors have been cheering since the election. this meeting of the minds taking place at the white house yesterday. president trump was joined by vice president mike pence, steve mnuchin, gary cone as well as house speaker paul ryan and senate majority leader mitch mcconnell. he s slated to meet with lawmakers today and then the president is going to head to
korea. thank you. let s get a check on moneystream this morning. stock futures basically flat right now following a big loss tuesday caused in part by concerns about north korea. markets in europe and asia are mostly lower. so investors returned with a lot on their minds and the markets sank. the nasdaq lost 1%. and the s&p 500, that also fell. so what is it? what is it that investors are worried about? the focus has been on tax reform and corporate profits but now there s a shift of geo political concerns and worries in washington. that s what s creeping into the market. that includes the north korea nuclear threat. president trump s tough talk with china on trade, that s a concern. the looming debt ceiling drama and a possible government shutdown if no federal government is passed and a potential disruption by hurricane irma on top of the damage by hurricane harvey. and then there s this.
david vittert. watch a special hannity edition in our old slot 10 p.m. going to debate the debt ceiling drama. you don t want to miss that 10:00 p.m. sean hannity.
slapdown. you saw the poll numbers falling. you saw consumer confidence, can this recovery withstand a government shut down and a sequester and assuming you get over this debt ceiling drama and you go into a budget process? is this the time for austerity in america? it is clearly not. we need to balance the budget over the long run and focus with the unemployment and there are things that we should be doing where we should be spending more. the thing that concerns me most