Imus in the morning. Stuart congress di congress din spending a ton of money running up the debt. Good morning, everyone. 60 billion worth of storm relief spending has sailed through. The president will sign it as soon as it hit the desk. The spending is not offset by cuts, therefore it adds to the death. Worse yet, storm relief wipes out a big chunk of the extra revenue from taxing the rich. That should bring in 80 billion cut was supposed to reduce the deficit, it will not. Much of it goes right out the door all over again. We can all debate the wisdom and necessity of massive emergency spending for just charging it to the National Credit card shows we are not really serious about controlling our death. 16. 5 trillion now, 17 trillion by the falcons would have doubled in the eight years in office. Lieve your Financial Advisor should focus on your longterm goals, not their shortterm agenda. [ male announcer ] join the nearly 7 million investors who think like you do. Face time and thi
Two giant wordage finance firms played a role in writing that mortgages written in the housing boom are creations of congress in the Capital Requirement for this institution and oversight of those institutions was sent as it was for the banks. Guest i saw the elements of this in so many different facets of what i was covering. I covered the federal reserve, it was clear to me from covering the fed that the publickest make of that constitution that is changed in the last few years. When i look at morning market and stock market, why look at the rangeling that goes on between republicans and the white house, i mean, its clear theres common demon nateers here. I want to understand more about them and more about what was happening. I should say i got a lot of response to the story, and i get the sense from what viewers are saying too, i mean, people i think theres starting to recognize theres a problem. I talked to a few companies that see this as a fundamental problem with business and tr
With steve, rick and john, and elizabeth and rich and sabrina. Emac, is the president right or wrong . No, he is wrong. He said at that time he had no patience with what was going on in the irs. He found it outrageous that the irs must be held accountable. And irs workers are saying this a task force in washington d. C. Basically oversaw the political targeting. The headf the irs trying to silence the opposition and didnt like the way the country was run. Rick, usually when you hear politicians saying it is phoney and fake, usually that means we have hit on something, no only when it is democrats. Yeah, look. The president is not suddenly saying that the irs targeting of conservatives didnt happen. As liz said he acknowledged it. But he is drawing a line to the white house exhibited by the daily caller when they pretended that the irs attorney went to a meeting, which he did in the white house two days before. What was the pretense. He was there and we have a picture. Take a look at th
There are a few names squeezing out some names. There is a lot going on, of course. Apply existing home sales rose 6. 5 . You can see it remains a mixed bag. We should also note that Toll Brothers came out with their fiscal order profit. It fell 24 . There are a lot of buyers that rushed in. You can see it is up about a half right now. Our next guest says we are in for some turbulence. Do not worry just yet, we see some great buying opportunity. Joining us to talk about all of that is scott wren. We are in a dip now. You would expect that we would reverse that. I think so, adam. Pullbacks are opportunities. It is the same thing we are telling them now. So far, not big on a percentage basis. It is an opportunity. I would like to see a little bit more. We want them prepared for the next year and a half. I think it will overall be good for the market. Adam do you think that the worst is over for them . The backtoschool season has not been very good. These retailers have been putting out a
With steve, rick and john, and elizabeth and rich and sabrina. Emac, is the esident right or wrong . No, he is wrong. He said at that time he had no patience with what was going on in the irs. He found it outrageous that the irs must be held accountable. And irs workers are saying this a task force in washington d. C. Basically oversaw the political targeting. The head of the irs ting to silence the opposition and didnt like the way the country was run. Rick, usually when you hear politicians saying it is phoney and fake, usually that means we have hit on something, no . Only when it is democrats. Yeah, look. The president is t suddenly saying that the irs targeting of conservaves dit happen. As liz said he acknowledged it. But he is drawing a ne to the white house exhibited by the daily caller when they pretended that the irs attorney went to a meeting, which he did in the white house two days before. What was the pretense. He was there and we have a picture. Take a look at that pictu