Minutes. [applause] thank you all. Thank you for coming. I appreciated, especially on this taken a terrible weather. I woke up this morning. I expected to be a lot worse. It was not that bad. The 130 wakeup call which is really the not going asleep golf. But it was not too bad out there, thank god. I think you for coming. Thank you to heritage. Special thankyou to my friend for really providing some stage in the eyes of the last couple of years in a number of different aspects of my life. Thank you for having me. Constantly being available even though i probably in are you and your cellphone, merit more than you care to. Thank you. I appreciate it off. I want to talk for 15 or 20 minutes, and our right to start with my job with the nypd, the police department, and have it changed my internal compass. And it was it was a strange occurrence i had as a young man. It is in the book. Then i would like to delve into some of the secret Service Years and some of the people i met with. I found
Yellen, bill dudley, and the markets housing is the key to acceleration. If it does not happen now it might not happen this year. The evidence is mixed. Last month, new sales dropped to an eightmonth low. Since then, Housing Starts were huge but they were all apartments. We find out whether those new holes in the ground are being sold. They should be. More families are being formed, they need homes. Interest rates are low. Winter is over. Existing home sales were up not as much as forecast. The fed folks have told us housing is a key part of the economy. Normally it leads us out of a recession. Last year it finally began adding to growth and that changed the last couple quarters. If we are going to see the economy pick up it needs to change. What is the excuse of the numbers are not good today . Back to the Interest Rates. Average Mortgage Rates havent fallen since the beginning of the taper. The jump during the temper tantrum hurt. Ofa relative basis a lot firsttime buyers never exper
Cruising down the highway of light the american has long had a love affair with the automobile of the lap later and show our team will take you for standing in the cars of the future. Its easy to read seven a m in washington dc. One year and a bit. Youre watching our tea begin today with iraq were clashes have erupted between Iraqi Special forces and Al Qaeda Linked militants. Just outside the city of falluja its the latest outbreak in a standoff thats taken hold of the sunni dominated province of anbar. According to the Associated Press the fighting resulted from the capture of an army officer and four soldiers in the area just a day earlier also in Anbar Province earlier today an Iraqi Government airstrike killed twenty five Al Qaeda Linked militants. The class has also fallen a deadly attack in which a suicide bomber rammed his explosives ladaden truck into a Police Station Northern City of fur coat the attack killed two people wounding fifty five more. In recent days Iraqi Security
Connell a pound per day. Dagen that is heavyduty weightloss right there. Speaking of losses, Nicole Petallides with why the market is selling off. Nicole absolutely. The Dow Jones Industrial avera average, as you noted, a big selloff down 182 points. We are coming off the heels of tough numbers out of china. That is where we took our queue below 50. Showing contraction rather than expansion. We took our queue from that as well coupled with not the greatest economic report and the likes, but the dow down 1. 1 , s p as well. Treasury yields also coming down to 2. 80 on the 10year period shows the safe trades are in. Back to you. Dagen thank you, nicole. Connell a fox news poll shows a solid majority feel are still in an economic ditch. Dagen 74 of americans say it still feels like we are in recession, just 22 feel like the recession is actually over. Fox news contributor Monica Crowley joins us now. The recession ended literally years ago. In 2009, it is really pathetic people still feel
With the averages roaring higher at the open only to pull back over the course at one point, before ultimately trading back up dow edging higher, advancing, nasdaq climbing. 63 . What is ailing this market . I think its the fact that people expect too much from it. They want a perfect world, something they arent going to get, some combination of low Interest Rates, cheap stock prices, the resignation of Bashar Al Assad in syria. High commodity prices, but low inflation, a president that says no new taxes and that congress that says we need to help create more jobs and were not going to worry about paying for it right now. I say, dream on. You arent going to get that combination. Its too much. Those leaning toward the bear camp, you need to settle for the following. One, while rates have, indeed and are going higher, theyre no longer climbing at a breakdown pace they should so frighten you with their backing and filling along the journey to a 3 ten year. This market can handle a 3 figur