Reporters. Abigail, get us started, please. Abigail that divergence you were talking about, the major average slightly higher on the day, that stands out. We have a different situation with different indexes on the week. The s p 500 up for a third week in a row. The nasdaq outperforming this week, but one piece of underperformance is the faang complex. 0. 25 on index down the week. Down for the second week in a row. Index stuckhas this in its own way. Heres a longerterm weekly chart of the faang index. We see these beautiful gains until the end of 2018 when the volatility started. The 40 week moving average in yellow, that is the equivalent of the 200 day moving average. It is hard to see the markets overall climbing too much higher, though that has been happening. It will be interesting to watch how this plays out. Right now, the faang stuck in this range, taylor. Taylor you are stealing my faang, so im going to steal your sauce. This has been outperforming that s p 500 for most of th
Over the last few days. Joe there you go. Russell outperforming. Caroline does happen occasionally. Carolyn was as talking about we had quite a bit of volatility at the start of this Fourth Quarter so i wanted to look at gold because it is a safe haven. It is gaining more than 1 today, feeding off of more signs of economic weakness. The latest data shows u. S. Private companies payrolls rose less than forecast. Hiring in august was downwardly revised. And a stronger dollar and occasional indications of a possible thaw in the trade war have actually pressured gold lately, but gold is still up to close to 17 so far this year. With this recently unexpectedly low data, economic weakness could push the fed to cut Interest Rates, likely setting investors to gold. This is a second consecutive day of gold rising after u. S. Manufacturing gauge post the weakest reading in a decade. Am taking a look at the stocks index. It is actually outperforming the Broader Markets, only off about 1. 6 even t
[captions Copyright National cable satellite corp. 2018] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] aseric watson joining us Congress Returns from its summer recess facing a september 30 government funding deadline. The House Majority leader steny hoyer in a letter to his colleagues announcing plans to take up a continuing resolution through the week of september 16. Do you see any issues with congress not being able to fund the federal government this year . I am not worried about the governor as a government shutdown. I am a little bit worried about a shutdown in december or beyond. Reprising the 35 day shutdown we saw. It will probably pass easily. They may be an intent to sent pass the defense bill. Theres interest to get that out of the way and democrats are telling me they dont want to let that go and be left with a that the domestic spending world would not get addressed. Probably into
Share beyond what youre reporting. We are going to go. We have to get ready for the jewish leaders. Thanks, everybody. [captions Copyright National cable satellite corp. 2023] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy visit ncicap. Org] tkpwao pbl from capitol hill, not long ago republicans in the house voted Steve Scalise, louisiana congressman, to be their nominee for speaker of the u. S. House of representatives. It was a see get ballot behind closed doors with rank anne file members rankandfile members. Scalise scored 113 votes while 99 republicans voted for congressman jim jordan. Three voted present. Well get your reaction to the latest from capitol hill this afternoon. Here is how we are dividing the lines today. Republicans, 2027488001 2027488901. Democrats, 2027488902. Text 2027488903. Post on s with the handle at cspan or facebook. Com slash cspan. Congressman Steve Scalise the nominee for speaker for
The next Government Shutdown may be less than 48 hours away. The u. S. Senate has figured out a shortterm solution that wont pass the republicanled house. The ball is in speaker Kevin Mccarthys court but a significant number of his members seem to be making the rules. Good morning, it is friday, september 29, 2023. Welcome to washington journal. We will continue our conversation about the looming Government Shutdown, to days until the end of the budget year. You can call in, democrats, 202 7488000, republicans 202 7488001, independents 202 7488002 and if youre a federal worker, 202 7488003 use that line if you want to send us a text as well. We are also on facebook and we will look for your comments and we are on x an instagram at cspan wj. We thought we would have a two hour show because the house was going to go into session at 9 00 a. M. Eastern but they are not. The House Rules Committee is meeting this morning at 8 00 because there is a new stopgap measure, continuing resolution a