First lady, she never wanted her husband to be president. Shes frightened, frightened for him. Meanwhile, he has to get up there and inspire confidence in his administration and the whole world. The whole world has to be has to understand that america will. That the war will continue. Q a sunday night at 8 00 eastern on cspan. More from the Brookings Institution forum on inflation. Experts, including former Federal Reserve chair ben bernanke, and former treasury secretary Larry Summers, talked about the current inflation target of 2 and whether changes are needed. Its 2 15. Good afternoon and welcome. Im david wessell, director of the brookings. Thank you for coming and people joining us online. I bring greetings from glen hutchens, the benefactor of the hutchens center, whose chartered plane was canceled so he cant be here today. Hes probably watchology his phone and will undoubtedly be weighing in on everything i did wrong in the first opening segment. When we think that question of
Trade. Heres a good example. 3m, down 4, 1. 6 . Thats almost 30 points in the dow. Another Big Industrial name. Excuse me, scott, lets move over here and showing you boeing down almost 4 thats another 30 points essentially off the dow, 1 . Another Big Industrial name. Then we get to some very specific stores, this Health Care Story weve been telling you about, the berkshire story and amazon story look what its done to United Health group this is the Biggest Health insurer in the United States dow component. 10 to the downside, thats about 70 points in the Dow Jones Industrial average another specific story mcdonalds down 6 mcdonalds had good earnings beat but they have that big 1 menu there are concerns that cheap menu might drag down growth. Thats another 40 points you put these four stocks together, thats about half the decline in the better than 300 points we saw . It the dow dow is priceweighted. Theres not much positive today, but the market is very defensive in tone. Theres some
Many days . Sure, best way to tackle it for me would be to explain what my attitude was coming into 2018 and what im thinking presently. I came into the year thinking the market would trade in the range up 10 at best maybe down 15 at worst. That there was much too much complacency and i like to come back and discuss each separately too much complacenccomplacency. Everyone was many the same side of the boat. When everyone is in the same side, youve got to wonder a little bit third and most importantly, the conditions for a bear market werent present and the good Stock Selection would be rewarded not with standing the market, i dont think the market has the 15 downside mainly because the economys performing better and earnings are doing better. So i would say the downside is not 15 if im right id implore however the regulators in the Financial Services industry to deal with the crazy instruments that are destroying the best capital mark in the world i read last night on one of the servic
Colorado. The bank of colorado, which has a significant presence in the western slopes and four corners region. After the passage of the tax cut , there will be a positive effect on the growth of businesses and our local economy. Added a of colorado special bonus at the end of the year for all 641 of their associates in colorado and new mexico. They will be receiving 1000 in terms of a bonus and parttime associates will be receiving 250 to 500. In my part of the country, that is real money. That is how we pay a mortgage, how we pay for the electric bill , how we provide for our children. To be able to boost those opportunities is helping main street right now. Actions of colorados provide an example for us in terms of new possibilities in the current economy and looking forward. What i would like to be able to speak to you on, in my state of colorado, theres a tale of two economies. Urban colorado has been doing well. There unemployment is down. However, we move into rural colorado, we
Of the s p 500. Just about a half a point higher. We are going to be hearing from travellers United Technologies verizon and many more out later this afternoon. Its all about tech. Beyond earnings here the other big stories were watching this morning in greece today the government submitted a bill needed to officially start talks in the rescue package. The Prime Minister has until tomorrow night to get the measures adopted in parliament. Increasing year over year last month but only slightly. This shows how a slowing economy is hurting Investor Confidence and in Corporate News out today, the ceo was stepping down. This comes after an independent investigation says he was aware the company was inflating his profits over a number of years. Ibms earnings top which normally happens but revenues fell for a 13th straight quarter. It had to be because of the stronger dollar. You dont get revenue drops of 13. 5 . I dont know what organically it was. The strong dollar continuing to weigh on the