Kudlow report, beginning right now. Good evening. Im larry kudlow. We are live here at 7 00 p. M. Eastern and 4 00 p. M. Pacific. Two big stories tonight the political story is still quite fluid. House republicans just got out of a meeting with president obama at the white house, and here is what House Majority leader eric cantor had to say about it. We had a very useful meeting. It was clarifying i think for both sides as to where we are. And the take away from the meeting was our teams are going to be talking further tonight. Well have more discussion. Well come back to have more discussion. The president said that he would go and consult with the administration folks and hopefully we can see a way forward after that. Once again, the big news is that House Republicans did offer a plan for a clean sixweek debt ceiling extension. But just in the last hour, literally, we have learned that the white house may be backing off its original enthusiasm for that offer. Senate democrats led by
Shiller and auto sales. The nikkei closed up 56 . The best performance in 41 years. This final shortened trading week, all the major indices coming off big gains last week. As we look back on this great year for the equity markets, did 2003 end up stealing gains from 2014. Well take a closer look. But this year was not a good one for gold. The precious metal having its worst year in more than three decades breaking a 12year winning streak. Google and apple are expanding their fight for tech supremacy to a new front behind the wheel of your car. I want to welcome dan joining us for the entire hour. The reason we did play fish at the top of the show. It is great to have you this morning. You have actually written a lot over the weekend about the rally that we are seeing and whether or not it is pulling forward some momentum from 2014. This is one of the biggest concerns that Market Participants have now, the end of year rally has been stronger than normal. As such, you are borrowing from
Dennis why movies are getting booted from the big screen in a desperate race to fight for your box office bucks. Cheryl time for stocks now. Every 15 minutes, bringing in Nicole Petallides. We talked about this earlier, you dont get big reaction today from the fed chairmans testimony, that is the good thing we are nothing a lot of volatility. You are right. We stayed within the 100 points range top to bottom. Up about 18 points. That being said, we do have a highly comminuted fed for the moment, they can turn on a dime. Housing numbers pretty weak for a month of june, that is not good news. Overall you do see we maintain up arrows. Dennis thank you very much, nicole. Ben bernanke answering tough questions on the economy. Peter barnes from capitol hill with what she has to say. Peter. Peter the fed staying on message on paper. It depends on the incoming data whether or not the fed will start to tapers 85 billion per month in bond purchases, quantitative easing sooner or later. But he di
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