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happen. here is the good news. the market in the first four months of this year had 3 years of gains. all we have is a normal correction and normal pull back but i am seeing some things that are worrying, retail stocks being crushed. why is that happening and as i mentioned before when you have a 10 year yield, down 2.1%, it is speaking about a deceleration in the economy and that has to be watched closely. if the economy sinks in 2020 of the market thinks, i don t think the president holds on next year. they had an interesting explanation for the yield curve. we will get into it next time. newly released documents shedding light on what happened in the jussie smollett case but big questions remain. we will tell you about that next. [music playing]
ground, the economy sinks. former clinton aide says it s not the economy, stupid. arguing president obama s focus on the success of the economic recovery is wrong and will fail. instead the group recommends obama relate more to middle class struggle. spike lee predicts a tough re-election road for the president. he thinks obama will prevail, saying once we get to the debates, my man is going to tear him up. senate majority leader, harry reid is among those outraged over manny pacquiao s controversial split decision loss in last week s championship fight. reid, a former boxer, said he wanted to go to the fight, but couldn t because it was his wife s birthday. and finally, former president george h.w. bush is not a justin bieber fan. after granddaughter jenna bush hager sang part of a bieber song on the today show yesterday, the former president said i don t think i d like it. but bush 41 found out he does
big group of people, new yorker readers, so smart people. nevertheless, when they hear all these numbers and these politicians, your head could explode. yeah. what could the average person taxpayer look at? how can they make sense of what can be some pretty complicated arguments? well, one thing i think that s important to understand is i do think the panic about the debt is to some degree that. it s panic. the real question with the debt is not so much the absolute numbers. the question is are we growing the economy faster than we are growing our debt. if can you do that, if you can actually grow the economy faster, can you actually continue to support the debt load you have, and so that really is for instance, when you talk about the fact that the debt grew faster under obama s first three years than it did under bush, the main reason for that was the poor performance of the economy. you have when the economy sinks, what happens? people s tax revenue really drops, but we co
engines! road rage. nascar crowd boos the first lady before the last race of the season. this is your am: wake up call. and good morning to you. it is monday, november 21st from the time warner center in new york, i m carol costello. an accused terrorist behind bars in new york city this morning. 27-year-old jose was a u.s. citizen who was taken into custody on saturday and arraigned late last night. he s accused of building homemade bombs and plotting to plant them in police cars and they say he planned to target u.s. troops arriving home from iraq and afghanistan. the supercommittee ending up like all the other mere mortal committees announcing they failed and the trigger about to go off to an automatic across the board budget cuts. 20 people killed as protesters returned to cairo s tahrir square and things take an ugly square just one week from elections. let s head to atlanta and get a check of today s weather. meteorologist bonnie schneider is in. good morn