I hope that one day, that there will be no more to be celebrated, that we all celebrate each others achievements as fellow americans. That future becoming a reality is in large part thanks to this 25 years ago. 75 years ago. They ensure the next generation will be stronger than the last. Because today, americans from all backgrounds are working together to move our nation forward. And when it has been 25, 50, 75 years from now, celebrating the 150th anniversary, we are on the anniversary, may we all reflect on the progress that we continue to make. And we repeat the words of the general, we have come a long way because executive order 9981 to made it possible for ordinary americans to have so many extraordinary opportunities. Thank you for allowing me to be here as part of this historic supposing him. It has been my distinct honor. Thank you. [applause] announcer here is what is live on cspan today there will be a conversation with former immigration officials at 7 a. M. Eastern and co
Host you can text us your comments at 202 7488003. We are also on twitter and instagram. We did this for republicans and independents yesterday. Today, democrats and independents only to call in for this first hour anyway. Supporters of joe biden, and a line for all others. Straight up we keep track of this through real clear politics. The republican candidate, former President Donald Trump 44 of those surveyed with the real clear politics and president joe biden, 45 . The big issue is the economy. This is a look at the headline of the Washington Post yesterday morning. Plot middleclass messaging wind to take economic high ground. The wide about a dangerous flaw in the democratic brand. Based on six months of pulling, the documents showed the party losing to republicans on the economy. The democrats focus on social issues and not enough on pocketbook issues. challenge is one of volume , read the opening slide. The effect was almost immediate. Leaders in the house and senate, including
And check out the nasdaq. Also at record levels, a whopping 44 this year. Did you guys all have your money in nasdaq stocks this year . As you know, were not allowed to hold individual stocks. But you can hold nasdaq and qqqs. Its on pace to have the best performance in 2003. You act like you didnt have it. I have a 401 k . You want me to ask. Where do you have europes, steve . In a boat, a couple of boats. Yes, thats right the s p, half a percent. That index is up just 24 this year. And, of course, you made some money in treasuries as well if you invested at the right time. Take a look at treasury yields. There we go. 4. 01 on the 30year, 3. 87 on the 10. 3. 87 on the 5, and 4. 29. I dont know. Do you think 2024 is the year when we disinvert . Thats a question we have to be watching. Yeah, definitely, absolutely. Do you think happens . Why has it been inverted for so long is the question . As the fed does its thing, you would expect a disinversion yield curb. Eventually. It may not ha
Cspan is your unfiltered view of government. Funded by these television companies, and more. Washington journal continues. Host we welcome you back to the luncheon. Talk with us about the state of housing in the u. S. And focus here on Interest Rates and the increase in Interest Rates. Good morning. Thank you for having me. The base point Interest Rates were announced last week. What does that mean for Mortgage Rates in particular in the months ahead . Lets look at what happened 12 months ago, 18 months ago, to today. You had been close to 3 . Today, it is near 7 . This is due to the most aggressive Interest Rate hike policy since the 1980s. Personally, i would disagree with that assessment. There is more indication that inflation will come down further. There is a long impact of monetary policy. It appears to be rolling along. I think the mortgage is priced in. The question is, what is the direction of the future . Any further increases will push up Mortgage Rates up even higher. What
Clear winners while the homebuyers, there is less incentive to become owners. Scarlet i wonder if it is a terrible thing to be become like a germany. Joe we do have this history of encouraging homeownership. We got the housing bubble. It hurts renters instead of homeowners. Why not see if it balances out and not give a preference to one or the other . Lawrence the bubble was clearly a mistake and it arose from the subprime lender. From the societal point of view, it will enlarge the middle class , having a nation of property owners. Rather than having a nation of tenants. The fact that we have a solid majority of americans owning a home, and look at the overall wealth situation. Homeowners can only have a net 200,000, while the renters are stuck at 5,000. That is a dramatic difference. In order to a large the middle class, we need to encourage more Property Ownership rather than encouraging renting. Julia could we look at the 2 different bills we have going, whether it is the house or